Marg ERP limited, accounting software solution company has joined hands with ICIC Bank, to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG’s accounting software.
This partnership will enable businesses to initiate vendor & salary payments via RTGS, NEFT or IMPS directly from this platform.
Other services to offer include automate reconciliation of banking and accounting entries, apply for working capital loans as well as schedule future dated payments.
This pioneering initiative significantly enhances convenience for MSMEs as they are no longer required to toggle between a banking platform and ERP software to undertake their business transactions.
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 corporate having expensive IT infrastructure.
Talking about the partnership, Anup Bagchi, Executive Director, ICICI Bank said, “We are delighted to partner with Marg ERP to bring forth an integrated payments solution that will offer MSMEs with unparalleled ease of doing business.”
The collaboration aims to promote the concept of ‘Connected Banking’ wherein we aim to get various banking functions such as initiating transactions, payments and reconciliation on a common platform, he added.
This is a maiden tie-up between Marg ERP and ICICI Bank, where we will provide integrated software solutions to small and medium enterprises and will address many of the complexities related to their payables and accounting, said Thakur Anup Singh, CMD, Marg ERP.
He said for taking benefits of this merger, customers just need to register their ICICI Bank’s current account on Marg ERP software through a simple two-click one-time process.
MSMEs in the country can now leverage the power of Integrated Banking, save time and increase productivity, he added.