Mastering Payments: How Connected ERP and Banking Can Help Businesses

Is your business suffering from working capital inefficiencies affecting your day-to-day business operations and growth plans? Are late payments and inefficient collections plaguing your business?

What if you could automate and regularize payments, improve collections, and access financing all in one place? What if there was a solution to automate workflows and streamline payments for better efficiency and accuracy? 

Hylobiz, a secure fintech platform designed specifically for SMBs and Corporates, connects your existing ERP and bank accounts, eliminating data silos and giving you a unified view of your finances. This doesn’t require any set-up costs or process changes. Check out where we could be the right fit for your concerns and how this plug-and-play could bring flourishing changes to your business. 

Businesses Encounter Major Challenges in their Daily Transactions 

Small and medium businesses and corporates suffer from delayed receivables, manual reconciliation, no real-time updates of transactions, thus failing to meet regulatory requirements and accurate reporting. Here are some major problems faced by them: 

• Fragmented Systems: Businesses often rely on multiple software solutions for different tasks, leading to inefficiencies and data silos.
• Delayed Payments: Late or missed payments can significantly impact cash flow and operational efficiency.
• Inefficient Collection Processes: Manual tracking of invoices and reminders can be time-consuming and error-prone.
• Poor Financial Visibility: Lack of real-time insights into financial performance can hinder decision-making.
• Manual Reconciliation: Manual reconciliation is time-consuming, prone to errors and frauds, and can delay financial closure. 

How does Hylobiz Streamline Collections and Payments?

Hylobiz empowers SMBs and corporates by automating and simplifying their collections and payments processes. With Hylobiz, businesses can:

• Automate payments and collections
• Track receivables and payables accurately
• Manage invoices and generate payment links
• Access multiple payment modes
• Gain real-time cash flow visibility
• Securely manage data

Key Benefits of Automated Payments and Collections

Here are a few advantages of automated receivables and collections that businesses can enjoy:

• Auto-importing invoices from ERP and Automated Collections:
  • Businesses can seamlessly integrate their existing accounting software or ERP with Hylobiz.
  • The platform automatically imports invoices and sends payment reminders via SMS, email, or WhatsApp.

• Real-time Payment Tracking:
  • Track payments in real-time, including offline payments.
  • Leverage multiple payment options: credit/debit cards, net banking, Aani, Direct debit, POS and Virtual accounts.
  • Generate detailed reports and analytics for informed decision-making.

• Streamlined Reconciliation:
  • Automated Reconciliation: Accurately track and reconcile transactions in real-time.
  • Real-Time Sync: Seamlessly integrate with your ERP for efficient data transfer.
  • Automated Statement of Accounts: Generate and send automated statements to clients.
  • Identify Discrepancies: Quickly identify and resolve payment discrepancies.

• Improved Efficiency:
  • Reduce manual effort and errors with automated processes.
  • Access real-time insights into your business’s financial health.
  • Streamline operations and boost productivity.

• Enhanced Cash Flow:
  • Accelerate payment cycles with automated reminders and follow-ups.
  • Improve cash flow visibility with real-time tracking.
  • Reduce bad debts and improve overall financial performance.

Why must Businesses Succumb to Automated Workflows?

We offer a unified platform for all your business needs. Hylobiz offers a comprehensive solution that integrates seamlessly with the existing ERP with zero down-time. With our user-friendly platform, businesses can easily:

• Create and manage invoices
• Track payments and reconcile transactions
• Access real-time financial insights
• Make informed business decisions

Hylobiz supports the entire collections journey, from invoice generation to payment receipt and distribution to real-time payment acceptance, even across tier-2 networks. No CAPEX investment is required, and our flexible SaaS model makes it accessible to businesses of all sizes.

Join the growing number of SMBs and corporates who trust Hylobiz to streamline their operations and boost their bottom line.

We offer minimal transaction costs and no setup fees. Get started today and see the difference Hylobiz can make!

Contact us now.