Growth is never by simple chance, it’s a consequence of constant endeavours. It is guaranteed when competent fquskh labor force and revolutionary minds work together in the direction of a specific aim.
Marg ERP partnering with ICICI Bank has become an integrated endeavor that has promised MicroSmall and Medium Enterprises (MSMEs) to securely perform their economic actions through Marg ERP by linking their ICICI accounts with Marg ERP software.
Sufficing this major need of SMEs and MSMEs has got a very good response and gratitude around the world and it has opened a new variety of making transactions digitally within the ERP platform itself.
Today, nearly all types of businesses regardless of whether small or medium sized need to perform many financial transactions in their working hours. So, the best way to perform all of your financial activities like starting vendor & income payments is via RTGS, NEFT or IMPS directly from ERP platform; automate bank reconciliation, accounting entries, applying for working capital loans along with schedule future repayments gets well managed by an Integrated Banking.
The ERP software has already found its use for SMEs and MSMEs across the globe but with built-in banking concept numerous trade specific company software promises to promote speed and accuracy in all types of financial routines thereby ensuring an optimistic change in business exercise for MSMEs that aims to grow.
Benefits associated with the ICICI Banking institution-Marg ERP partnership:
Control over fund movement without putting extra efforts:
Using this integration, business owners can keep a record of purchases running in and out with their bank accounts. Businesses is effective in reducing data entry and manual errors of data processing, as transactions can be directly retrieved from your bank. Real-time bank harmony and transaction position clarity on bookkeeping platform will serve business owners to take substantial decisions spontaneously.
Automatic Bank reconciliation:
The integrated financial idea has specific features like bank reconciliation which is a unique way wherein you get a summarized banking report displaying all the banking and financial activities you performed in a reconciled fashion assuring one to have control on the financial activities and prevention from undesired fraud.
Now for reconciling your financial institution statements, all you need to do is connect your ICICI bank account together with your Marg ERP software and all of your bank purchases will get retrieved automatically into ERP system. This is again an exclusive feature of this alliance that auto bank reconciliation will now be around to SMEs in India.
Provide several repayment options:
The built-in ERP program runs numerous transaction options like NEFT, RTGS, and IMPS, fund move having an quick position upgrade in the transaction along with a Financial institution guide quantity around the Marg ERP platform.
Secure and safe:
Marg has carried out 7 layered security method within their software which allows secured consumer banking for ICICI current account owners.
Pay out straight from Marg ERP:
With this particular interesting feature, customers do not have to change in between their bookkeeping and banking programs to execute and control their financial routines. ICICI Bank’s prevailing bank account holders can just log in to Marg ERP, select the appropriate expenses, and make payments from Marg ERP through their connected ICICI Banking accounts in a couple of clicks.
One dash panel for payments made: Investments can continue to agree their payments on ICICI Bank’s Company Internet Consumer banking (CIB) portal and find out that every repayment status will get up-to-date immediately on the Marg ERP system.
Usage of ICICI Bank internet dependent cheque putting your signature on service from MARG ERP: This is a entirely guarded and scam-resistant cheque method and can assist in the expulsion of cheque fraud and maintaining precise books of records. The authorised signatory can agree cheque request remotely ensuring that this client is usually in control of their enterprise.
Arranging Repayments: Having a individual click, customers can schedule their upcoming payments inside of www.margerp.com . The payments will get established at that certain predetermined time automatically without the disruption.
Consequently, in this era which is focused on taking steady revolutionary initiatives and engrossed in looking forward to the needs of fquskh the shoppers, the thought of Banking Inside ERP will certainly enable them to to progress their enterprise and get to their set goals.