Simplify B2B Payments and Transaction Reconciliation with Zoho Books and Standard Chartered Bank Integration
Zoho Books has integrated with Standard Chartered Bank to enhance the corporate banking experience for our customers in India. The integration brings online accounting and banking under the same platform and simplifies B2B payments, cross-border payments and transaction reconciliation for corporate businesses.
Here is what the integration does for your business:
Direct B2B payments
The Zoho Books and Standard Chartered Bank integration lets you pay your vendors directly from your accounting app. The integration also automatically records the payments, saving you from hours of manual data entry and the errors associated with it. Once a payment is initiated, Zoho Books intelligently displays the payment mode (NEFT, RTGS, Book Transfer) based on the amount and vendor bank details.
Direct cross-border payments
The integration with Standard Chartered allows users to make international payments right within Zoho Books. Once the payment is made, Zoho Books sends you notifications so you're always up-to-date on the status of your payments. With this integration, users making international vendor payments need not pay Telegraphic Transfer (TT) charges during the year 2018.
The integration with Standard Chartered allows users to make international payments right within Zoho Books. Once the payment is made, Zoho Books sends you notifications so you're always up-to-date on the status of your payments. With this integration, users making international vendor payments need not pay Telegraphic Transfer (TT) charges during the year 2018.
Receivables reconciliation with virtual accounts
With hundreds of client payments coming in every day, matching each payment to the client can be difficult, especially if the remitter's information is missing from the receipts. The integration seeks to simplify this process by adding virtual accounts to separate each client's payments. Zoho Books matches the payment to the client using automatic client identification. The automatic bank feeds ensure that all transactions are securely fetched from your bank portal into Zoho Books and the best match is displayed for each one, letting you reconcile your receivables with a click.
With hundreds of client payments coming in every day, matching each payment to the client can be difficult, especially if the remitter's information is missing from the receipts. The integration seeks to simplify this process by adding virtual accounts to separate each client's payments. Zoho Books matches the payment to the client using automatic client identification. The automatic bank feeds ensure that all transactions are securely fetched from your bank portal into Zoho Books and the best match is displayed for each one, letting you reconcile your receivables with a click.
Automatic transaction reconciliation
With automatic transaction reconciliation, the integration fetches all your bank feeds to Zoho Books and displays the best possible match for each transaction. Once they're matched, you can reconcile your transactions in a click. This saves you hours of manual work and keeps your business audit-ready at all times.
With automatic transaction reconciliation, the integration fetches all your bank feeds to Zoho Books and displays the best possible match for each transaction. Once they're matched, you can reconcile your transactions in a click. This saves you hours of manual work and keeps your business audit-ready at all times.
To know more about the integration, head over to our
help documentation
or send an email to
scb-support@zohofinance.com
, to talk to our stellar support team.
Cheers,
Team Zoho Books
Team Zoho Books