Connected ERP and connected banking can solve the Problems of SME payments and collections?

Connected ERP and Connected Banking can improve SME payments and collections the primary causes of nightmares related to your business? Do you feel your business suffers a dearth of capital obstructing growth and its potential underutilized?

Are you tired of handling multiple ERPs, users, and accounts and managing data in silos? Are the labor-intensive time-consuming accounting and business processes dragging your resources to unproductive pursuits?

Don’t be worried. You can now overthrow small business challenges with the aid of technology and automation.

You are reading an article that can help you overcome these hassles and ensure you manage your business much more efficiently.

A secured fintech that offers connected ERP and connected banking facilities can make certain you collect payments and payout on time, help improve working capital, grant access to credits, and ensure you run your business steadily and see a higher return on investment.

Connected ERP and connected banking on Hylobiz – a sure way to boost payments and collections

Hylobiz is a secured fintech that has brought in a revolution in financial services with automation and innovative technology. The platform is SME-focused and presently serves India and UAE with Bahrain and Oman going live shortly.

Hylobiz offers easy software/ ERP and bank account integrations making sure you need no more work in silos and all data managed and tracked well digitally giving you access to strong cash inflow with automated payments and collections.

We are already in multiple partnerships. In alliance with Kotak Mahindra Bank, we offer digital account opening. Through Hylobiz you can get access to faster and cheaper working capital loans with Bajaj Finserv and Neogrowth credit private limited. Pre-approved SME credit cards are available on the platform and invoice discounting can support you with a liquid fund. Our collaboration with Yes bank offers all the possible connected banking services to SME businesses.

The platform is integrated with ERP partners like Tally, Quickbooks, Zoho Books, CORALerp, and much more advanced ERPs.

We are in the process of partnering with multiple banks and ERPs- click here

Automation of payments and collections with Hylobiz- Highlights

You can track your receivables and payables accurately and get paid on time with the support of configurable automated reminders. The cash and cheque collections are also tracked well.
SME businesses can create customized proforma, sales and final invoices and can also upload invoices from their existing ERP via Hylobiz web portal and mobile app. You can generate invoice linked payment links and static payment links, and share through SMS, Email, WhatsApp, and Hylobiz chat inbox on the mobile appfor digital collections. The static payment link helps you to get paid from multiple clients for a fixed amount repeatedly.
Get paid over multiple payment modes like net banking, UPI, credit card and debit card on time. You can collect recurring payments singly or in bulk.
Your customers can access digital ledger available on the platform. This helps to build transparency inthe business and collect payment smoothly well on time.
You can create purchase order and pay out to vendors on time in multiple payment modes through an integrated payment gateway in just few clicks. Automate vendor payment, check the status of payment transaction, and pay out in single/ bulk.
A business may turn on partial payment feature to enable partial payment.

Quick settlement, auto reconciliations on real time enable businesses to track transactions, manage time and reduce expenses. The automated reports and dashboard give real time visibility of cash flow, help take better business decisions with insights available at fingertips and with accurate tracking there is absolutely no chance of delay in payment and bad debt. You can get paid faster and payout on time with us. Grow with us.

Other top features on Hylobiz

Highly secured ISO certified platform with strong data encryption capabilities and two-factor authentication
Efficient management of inventories through stock house feature
Digital storefront enables your business to build a web presence and reach a wider range of audience
The financial marketplace on Hylobiz web portal and mobile app offers, financial services like eKYC, bank opening, insurances, savings, working capital loans, and investments

Click here to avail loans from Bajaj Finserv

We are the choice of businesses across all verticals. We offer a free subscription for a lifetime, a Nil setup fee, and minimal transaction cost.

Hylobiz manages your data digitally with the support of cloud technology, tracks receivables and payables accurately, automate invoices, payments, and collections give easy access to faster and cheaper capital, and can reduce operational cost.

Want to reach out to us? Email at: support@hylo.biz.