How connected ERP and connected banking can improve SME payments and collections?

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. 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 Suggested read:

Automation of payments and collections with Hylobiz- Highlights

  1. Track your receivables and payables

2. Configurable automated reminders

3. Cash and cheque collections are tracked

4. Create customized proforma, sales and final invoices

5. Upload invoices from their existing ERP

6. Generate invoice linked payment links and static payment links, and share through SMS, Email, WhatsApp, and Hylobiz chat inbox on the mobile app

7. Get paid over multiple payment modes like net banking, UPI, credit card and debit card on time.

8. Your customers can access digital ledger

9. Create purchase order and pay out to vendors on time in multiple payment modes through an integrated payment gateway

10. Automate vendor payment, check the status of payment transaction, and pay out in single/ bulk.

11. Partial payment feature enables 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. 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

· Financial marketplace 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.

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SME NeoBanking products — Payments receivables, Payables and Credit scoring for SME.