Strengthen your Business Operations with Hylobiz

Businesses, regardless of size, constantly seek robust solutions that can streamline their workflows, reduce manual efforts, and provide a comprehensive view of their financial health. Simultaneously, they need operational efficiency, seamless financial management, and access to real-time insights.

This is precisely where Hylobiz steps in, offering a pioneering B2B fintech platform designed to empower organizations to strengthen their business operations from end to end. In this guide, we cover areas where readers will learn more about how Hylobiz is transforming corporates to adopt digitization for efficient operations.

Hylobiz: Pioneering Connected Banking and ERP

Hylobiz, a proud part of the Vayana Network, stands at the forefront of digital transformation in the B2B finance space. We offer the industry’s first integrated solution that enables connected banking and connected ERP.

This innovative approach automates end-to-end collections, trade, and working capital requirements, consolidating cash management, compliance, commerce, and credit offerings onto a single, unified platform. We have seamlessly delivered solutions to approximately 250,000 companies across multiple geographies.

Why Choose Hylobiz?

Our commitment to strengthening an organization’s business operations is underpinned by several key strengths:

• Micro-services Driven Architecture: Our architecture ensures seamless integration virtually with any platform via APIs, delivering highly user-specific workflows tailored to unique operational needs.
• Proven API-Driven Business Model: We bring extensive experience in running API-driven businesses. Hylobiz is offering India’s largest API Marketplace and GST Business, providing over 50 APIs to more than 100,000 businesses.
• Scalable and Uninterrupted Services: We have a demonstrated capability to offer uninterrupted services at scale, processing over 4 billion API calls monthly. This ensures that critical business operations remain stable and continuously supported.
• Deep ERP Integration Expertise: Hylobiz has integrated with over 20 ERP applications used by large, mid, and small businesses. This ensures smooth, bidirectional data flow between Hylobiz and the core accounting systems, eliminating data silos and manual reconciliation headaches.
• Holistic Solution Delivery: We possess the capability to deliver comprehensive solutions encompassing Collections, Expense Management, and Reconciliation, addressing multiple facets of financial operations from a unified platform.
• Differentiated Operating Model (SaaS): Our Software as a Service (SaaS) model means no upfront investment in technology. This facilitates faster Go-To-Market times based on the organization’s specific requirements, allowing them to rapidly deploy and benefit from our solutions.
• Zero System Maintenance: We handle all platform maintenance, including upgrades and both web and mobile interface management, freeing the team from technical overheads and allowing them to focus on core business activities.

Services that Power and Strengthen Corporate Operations

Hylobiz offers a comprehensive suite of services meticulously designed to enhance the efficiency, accuracy, and overall control of business operations, directly impacting the bottom line and strategic capabilities:

• ERP Connect for Seamless Data Flow:

• Operational Impact: Gain unparalleled efficiency by seamlessly connecting to the ERP through robust APIs. This enables the automatic sending of invoices, delivery notes, and other critical documents, eliminating manual effort and associated errors.
• Crucially, it facilitates reverse synchronization of information (such as payment receipts or updated ledger statuses) directly back into ERP, ensuring that all systems reflect the latest financial position without human intervention.

• Advanced Invoice Management:

• Operational Impact: Strengthen revenue cycle by managing the entire invoice lifecycle. This includes streamlined creation, automated distribution, and even real-time acceptance in tier-2 networks.
• This ensures billing is precise, timely, and integrated with the business partners’ systems, significantly reducing delays in payment.

• Automated SOA & Payment Reminders for Enhanced Collections:

• Operational Impact: Optimize the collections process and improve cash flow predictability through business process automation. The automated dispatch of Statements of Accounts (SOA) and configurable payment reminders, driven by a robust rule engine, ensures consistent, timely follow-ups with minimal manual oversight, drastically reducing Days Sales Outstanding (DSO).

• Multi-mode Payment Collection & Real-time Reconciliation:

• Operational Impact: Provides unparalleled flexibility for customers while gaining instant financial clarity. Our integrated payment gateway enables digital collection of funds across multiple modes, providing real-time reconciliation.
• For offline transactions, our platform empowers field personnel to record cash and cheque collections instantly, with real-time acknowledgment to customers.
• This all feeds into real-time reconciliation of customer accounts, with reverse synchronization to ERP, ensuring an accurate and up-to-the-minute view of collections.

• Intuitive Dashboards & Comprehensive Reports:

• Operational Impact: Make informed decisions faster with real-time, actionable insights. Our Omni Channel collection dashboard provides a consolidated view by connecting ERP and bank accounts. It offers real-time visibility into collections via cash, cheque, bank transfer, cards, and other modes.
• The flexibility to set up multiple user profiles ensures that relevant, meaningful dashboards are accessible at different organizational levels, from finance teams to senior management, empowering every stakeholder with critical operational data.

For businesses in the GCC region, Hylobiz specifically supports comprehensive invoice process automation, intelligent collection reminders, and real-time tracking of collections across various payment modes, including virtual account, cards, cash, and cheque.

Additionally, it offers auto-sync and reverse updates for any ERP, real-time payment receipt to the network, real-time collection tracking, transactional dashboards, automated Statement of Accounts, inventory management, invoice exchange, and a multitude of other customized workflows designed to meet regional operational nuances.

Embracing the Path to Stronger Operations

By leveraging Hylobiz, businesses gain a robust platform that not only streamlines financial workflows but also provides the actionable insights needed to make informed decisions. This translates into improved business operations efficiency, enhanced cash flow, better risk management, and ultimately, a more resilient and growth-oriented business.

Take action today to transform your business future. Visit uae.hylo.biz or contact us for a demo and discover how Hylobiz can strengthen your business operations.

FAQs