Efficient Management of Multiple Current Accounts: Streamline your Finances.

Handling numerous current accounts in business payment operations can often be troublesome, resulting in inefficiencies, mistakes, and a lack of immediate insights. Nevertheless, thanks to advancements in banking technology, businesses can now manage their cash flow and make their banking tasks simpler, which helps them work more efficiently.

Managing multiple current accounts presents various challenges, including the need for separate logins for each account, manual initiation of payments, and the laborious task of matching and confirming transactions. Additionally, managing numerous OTPs can be burdensome for business owners, making it difficult to track and handle vendor payments efficiently.

A business payment automation service provides a consolidated view of all current accounts, which allows business owners to check balances, e-statements, and transactions in one place. By connecting the current accounts with the business payments platform, they can create and share invoices and make payments and collections on the same platform. This allows for automatic reconciliation of e-statements with very little manual work. As a result, there's a clearer view of all business payments in a single location.

Several payments can be initiated at once using the platform since the current accounts are already connected. The system automatically generates payment entries and sends them to the accounting tool. All current account details like balances, e-statements, and transactions could be seen in a single platform.?

No manual effort is needed to reconcile multiple e-statements. Transactions, payments, collections, and journal vouchers are automatically compared with e-statement entries. This guarantees the business owner has an accurate understanding of all financial activity.

A special feature automatically adds payment links to the invoices before sending them to customers. This helps speed up the collection process by providing various payment choices and sending automatic reminders.

The partnership between OPEN and top banks offers various additional services to meet a range of business requirements:

- Expense Management: Make tracking and approving expenses easier for both businesses and employees.

??- Payroll Management: Keep an eye on reimbursements, leaves, and payroll directly through the OPEN platform.

??- Electronic Invoicing: Create invoices effortlessly and let OPEN manage electronic invoices and IRN generation.

??- GST Compliance: Easily calculate GST for purchases and sales, file GSTR1, and verify GSTR 2A.

Partner with OPEN, a trusted ally of over 35 lakh+ businesses and India's top national banks, such as SBI, ICICI, Axis Bank, Yes Bank, and 11 others.

Visit Open.money for more information!