Marg ERP Ltd. an India-based,
Business solution provider, established in the year 2000, Over the years has
evolved to become the leaders of ERP software for small businesses. With more than 800 + sales & support centres,
Marg ERP has been a true leader in easing the way 9 lakh plus small businesses
can work and automate their business activities & keep the focus on growing
their business. The flagship product Marg ERP 9+ is termed as the most
comprehensive and easy to use business solution for SMEs.
This integration aims to
promote ‘Connected Banking’ and enables ICICI Bank’s current account holders to
securely connect their bank account with the MARG ERP software and undertake an
array of digital transactions from within the ERP platform itself. It will
enable businesses to initiate vendor & salary payments via RTGS, NEFT or
IMPS directly from this platform, automate reconciliation of banking and accounting
entries, apply for working capital loans as well as schedule future dated
payments, thereby offering exemplary
command over day-to-day financial transactions for businesses.
This pioneering initiative
significantly enhances convenience for MSMEs as they are no longer required to toggle between a banking platform and
an ERP software to undertake their business transactions. It also allows them
to experience contextual banking, by connecting their banking and accounting,
which was once available only for large companies and corporations with large
IT and infrastructure budgets.
Benefits it will bring for customers
Bring multiple payment modes for customers
Customers
would now be able to seamlessly connect ICICI bank accounts with MARG ERP
software for easy payments & would be able to do transactions with features
like NEFT, RTGS, and IMPS 24*7 from within the software itself without going to
banks portal.
Easily manage payments for vendors, expenses
Knowing
your bank balance, upcoming payments coming to you and expenses you are going
to incur, all at one place helps in managing your transactions in an easy way
along with easy management of cash flow. Also, you don't need to make advance
payments and get your money stuck. Really makes managing you day to day
transaction easy.
You can
now automate all your payment system from GRN to payment release. The bank
allocation feature now allows all the bank related work at your fingertips and
eases the transaction and processing.
You can
record and monitor multiple transactions in a single voucher and can get all
the details of the transaction like the Amount, Date, specific mode of payment
like NEFT, Cheque, DD, etc., giving a much clearer picture of the transaction.
With these automated features you can also identify payment modes in the
system.
Eliminate costly manual data entry mistakes with Auto
Reconciliation:
Bank
reconciliation is an important process that helps a business to cross verify
its own books of accounts with the bank statement. The procedure provides a
simple & error free method of reconciling your company bank book with the
bank statement. You can import your bank e- statement from the bank to MARG ERP
in excel or CSV format and click on reconcile button which leads to automatic
reconciliation. You can also check any unaccounted transactions like bank
charges or bank interests between bank statement and company books.
Faster and easier payment reconciliation
Connected
banking with Marg ERP will now make reconciliation even easier as it will
ensure a fast & accurate financial close cycle, improve cash visibility and
also reduce potential fraudulent payouts.
Centralized account management
Centralized
Account Management service is an account service which allows customers to
transfer money between accounts of customer or between accounts of customer and
Marg ERP maintained at ICICI bank. It will allow users to automatically
transfer their money in multiple accounts and helping them to manage accounts
easily as well as keep a control on revenue & expenditure of each member.
With ICICI Bank current account
and Marg ERP software, small and medium businesses can now experience secured, connected
banking which was only available to large corporates having expensive IT
infrastructure.
For more information on the
integration please visit-
http://www.margcompusoft.com/marg-icici-collaboration.html
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