Managing transactions efficiently is crucial as a business owner—whether you’re paying vendors, receiving customer payments, or handling cash flow. Understanding the RTGS limit and NEFT maximum limits can help you better plan payments, avoid delays, and optimize cash flow …
Every day, millions of us tap, swipe, and click our way through purchases without a second thought. Whether you’re shopping online or subscribing to streaming services, digital payments have become as natural as using cash once was. Behind every smooth …
Have you ever faced uncertainty when a bank transfer takes longer than expected to reflect in your account? Such delays can be frustrating, even if they’re common. This is where the UTR (Unique Transaction Reference) number comes into play. As …
Have you ever wondered how banks ensure your money reaches the correct account without any errors when making a transaction? The answer lies in a unique identifier called the IFSC, issued by the Reserve Bank of India (RBI). This alphanumeric …
In the dynamic Indian business landscape, efficient B2B payments are crucial for success. For decades, Businesses have struggled with outdated processes, manual tasks, and limited visibility. To address this, NPCI Bharat BillPay Limited (NBBL) and Reserve Bank of India (RBI) …
The Bharat Bill Payment System (BBPS) has been a game-changer for bill payments in India, offering a unified platform for all billers and customers to interact seamlessly. However, businesses across India have been struggling with outdated and inefficient Business-to-Business (B2B) …
Accounts Payable, traditionally, has been viewed as a cost center within an organization. There has been little interest in automating Accounts Payable (AP) management for cost-cutting in a rather paper-intensive domain.
However, AP management plays a key role in liquidity …
Invoice automation in simple words, is the use of software to simplify and streamline the process of receiving, validating, approving, and paying invoices. In the early days invoice automation was typically used for large enterprises, due to its high cost …
The contemporary corporate financial functioning landscape needs prudent approval workflow and documentation workflow to maintain strong compliance and resistive control. According to 2023 Thompson Reuters’s Global Compliance Report, among 350 total respondents, 45% said they did not monitor the cost …
Mr. Sharma is running a successful supermarket store in Delhi for the last 7 years. As any new business owner, he also faced challenges with his payments as his business grew. Fortunately, Yes Bank Connected Banking made his business payment …
