Marg Accounting Software – Business Banking Made Easy With Marg ERP Marg ERP: Simplifying Accounting For SMEs With Banking Inside ERP..
Written By Maria, 3 months ago
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Growth is in no way by simple chance, it’s a consequence of constant endeavours. It’s assured when experienced fquskh labor force and impressive minds work together toward a specific goal.
Marg ERP joining up with ICICI Bank has been an integrated endeavor which has promised MicroSmall and Medium Enterprises (MSMEs) to securely perform their economic actions through Marg ERP by linking their ICICI bank accounts with Marg ERP software.
Sufficing this major need of SMEs and MSMEs has got a respectable response and appreciation worldwide and it has opened a new variety of making transactions electronically within the ERP program itself.
Today, nearly all types of businesses whether small or medium need to perform numerous financial transactions throughout their working hours. So, the best way to perform all your financial activities like initiating vendor & wage payments is via RTGS, NEFT or IMPS directly from ERP platform; automate bank reconciliation, accounting entries, obtaining working capital loans as well as schedule future repayments gets well maintained by an Advanced Integrated Banking Solution.
The ERP software has already identified its use for SMEs and MSMEs across the globe but with integrated banking concept various trade specific enterprise software promises to promote agility and accuracy in all types of financial routines thereby ensuring a good change in business practice for MSMEs that aims to grow.
Advantages of the ICICI Banking institution-Marg ERP partnership:
Control over account movement without putting extra efforts:
With this integration, business owners can keep a record of dealings running in and out of the bank accounts. Businesses is able to reduce data entry and manual errors of accounting, as transactions is now able to directly retrieved from the bank. Real-time bank balance and transaction standing clarity on bookkeeping platform will provide business owners to take substantial decisions spontaneously.
Automated Bank reconciliation:
The integrated consumer banking idea has specific features like bank reconciliation which is a unique way wherein you get a summarized banking report showing all the banking and financial activities you performed in a reconciled fashion assuring you to have control on your own financial activities and prevention from undesired fraud.
Now for reconciling your bank statements, all you need to do is connect your ICICI bank account with your Marg ERP software and all your bank purchases will get retrieved automatically into ERP system. This is again a distinctive feature of this alliance that auto banking institution reconciliation will now be around to SMEs in India.
Offer multiple repayment options:
The built-in ERP program expands multiple repayment options like NEFT, RTGS, and IMPS, account move with an immediate status up-date in the purchase in addition to a Banking institution reference number on the Marg ERP platform.
Secure and safe:
Marg has applied 7 layered security system inside their software that allows secured financial for ICICI present accounts owners.
Spend right from Marg ERP:
With this particular intriguing feature, users do not possess to change between their accounting and consumer banking programs to perform and handle their monetary activities. ICICI Bank’s prevailing account holders can just log in to Marg ERP, choose the suitable expenses, to make obligations from Marg ERP via their linked ICICI Banking accounts within a few clicks.
One dash board for repayments produced: Trades can continue to approve their payments on ICICI Bank’s Company Internet Banking (CIB) portal and see that each and every transaction standing gets up-to-date instantly around the Marg ERP system.
Usage of ICICI Banking institution internet based cheque signing facility from MARG ERP: It really is a entirely guarded and scam-evidence cheque program and can aid in the expulsion of cheque scam and maintaining correct textbooks of documents. The authorised signatory can agree cheque request from another location ensuring the client is usually in control of their business.
Arranging Obligations: Using a solitary click, consumers can schedule their future repayments inside www.margerp.com . The payments will receive initiated in that specific predetermined time immediately with no disturbance.
For that reason, within this era which is focused on getting consistent impressive efforts and engrossed in looking forward to the requirements of fquskh the customers, the thought of Financial Inside ERP will definitely enable them to to develop their company and reach their set goals.