YES BANK launches YES TRANSACT: InvoiceXpress
YES BANK has launched YES TRANSACT: InvoiceXpress, a unique Digital Working Capital Management solution that helps to digitize the complete process of invoice presentment, collection of payments, reconciliation and monitoring. The solution will improve the financial processes of a company’s supply chain and increase efficiency of working capital cycles, leading to faster cash flows and more streamlined operations. It allows dealers and distributors to raise invoices online in the company’s format, set alerts and reminders, and view a complete dashboard of individual paid and unpaid dues with or without an ERP system. Multiple dealers can access the portal to pay through multiple payment options. This digital working capital solu- tion is especially relevant for organizations with significant dealer and distributor networks, and business segments having large volumes of collections like travel and tourism, utilities, educational institutes amongst others.