-
First-of-its-variety digital banking answer for corporates
-
Simplifies and automates reconciliation of receivables
-
Accelerates dollars flow and minimizes charge of accomplishing business
Axis Financial institution gets the initial Indian bank to launch Axis Receivables Suite (ARS)-an modern Hard cash Administration proposition that simplifies Receivables reconciliation, accelerates income stream, improves client practical experience and lowers charge of doing small business. ARS is an stop-to-conclude proposition, along with a cell app to automate reconciliation of receivables in opposition to sales invoices raised by purchasers.
Using ARS, Axis Financial institution shoppers can personalize and automate completely what has historically been a very time consuming, highly-priced, handbook and error-susceptible action. Purchasers also advantage from recognizing their future/pending payments and presents them serious-time command about all their receivables.
On the launch of ARS, Vivek Gupta, President & Head-Wholesale Banking Products and solutions, Axis Bank mentioned, “Our attempts have been to continuosly bring marketplace foremost electronic Transaction Banking propositions like ARS that transformationally benefit our purchasers to boost their knowledge and to enable with optimising their Operating Money.”
Ramesh Iyer, CFO, APAR Industries Ltd. claimed, “We see this as a transformational initiative by Axis lender which will assistance APAR turn out to be extra successful in accounting of collections & reconciliation of our receivables. This proposition is aligned with our objective to give improved experience across our offer chain.”
About Axis Financial institution
Axis Financial institution is the 3rd biggest private sector financial institution in India. Axis Bank offers the complete spectrum of solutions to customer segments masking Significant and Mid-Corporates, SME, Agriculture and Retail Companies. With its 4,759 domestic branches (including extension counters) and 10,161 ATMs across the state as on 30th June 2022, the network of Axis Lender spreads across 2,702 towns and towns, enabling the Financial institution to access out to a big cross-section of clients with an array of products and companies. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Cash, A.TReDS Ltd., Freecharge and Axis Bank Basis.
For more info on Axis Bank, remember to refer to the website: www.axisbank.com.
