YES BANK launches YES TRANS­ACT: In­voiceX­press

Dataquest - - INDUSTRY -

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.

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