How connected ERP/accounting software can revolutionize SME businesses?

Fintech or finance technology companies have ushered a remarkable growth in the finance sector contributing to significant empowerment of SME businesses.

It is difficult to manually capture the financial picture of a business accurately. The important aspects of a business like recording financial data, tracking transactions, handling multiple ERPs and accounts, payments, collections, managing invoices, tracking settlements, and managing reconciliations are tedious and difficult to manage specially with limited resources of an SME business. Many potential businesses had to come to a grinding halt for the complexity and the inefficiency in the system.

The SMEs need a strong system to back them up with their accounting, finance, capital access, cash flow, payments, collections, inventory and invoice managements and a lot more. With digital and technological advancements, the fintech industry can support SME businesses in overcoming their financial and operational challenges, improve working capital efficiency and help them stay ahead of competition.

Suggested Read:

Hylobiz- the SME focussed Fintech

Hylobiz is pre integrated with multiple banks and ERPs and allows seamless integration of your existing account and business tools. The fintech start up is SME focussed and offers free subscription at zero set up fee. Low transaction cost reduces your operational expenses. Hylobiz understand the pain points of SME businesses and gives full visibility over all data related to receivables, payables, expenses, and sales and offers easy credit access.

How is connected ERP on Hylobiz platform simplifying SME businesses?

The platform is already integrated with popular ERP partners like Tally, CORAL ERP, quickbooks, ZOHO to mention a few.
The real time dashboard enables SMEs to get real time view of their cash flow and improves their liquidity position and working capital efficiency.

An SME business can handle its receivables and payables efficiently by integrating its existing ERP with the single window platform.  

You may connect your existing accounting platform with Hylobiz one stop solution and easily manage your invoices and collections.

For instance, if any business integrates Tally with Hylobiz, the invoice details created on Tally are automatically pulled by Hylobiz platform. You can attach a secured payment link and send out to the right customer for payment collection over SMS, WhatsApp, Email and Hylobiz chat option. The same is possible with any accounting ERP you integrate with Hylobiz. A static payment link enables you to collect a fixed amount repeatedly. You can get paid through multiple modes like cash/cheque/Net Banking/ RTGS/ NEFT/ UPI.

Hylobiz also enables you to create invoices through its web portal/ mobile app versions (Download the app: google play store or app store) in just few steps. You may also create proforma invoices/temporary invoices to collect payments before a proper invoice is generated. You may send configurable payment reminders to get paid without any delay.

The payments are reconciled on real time. The automated real time reports and essential metrices accessible on the go empower SME businesses with essential insights.

You can share the digital ledger and reports with your customers and vendors and build a relation of trust.

Top Hylobiz features

Connected ERP and connected banking on Hylobiz platform enables an SME business to

  • automate payments and collections,
  • manage audit trail better through automated reconciliations,
  • improve customer relationships,
  • automate vendor payments,
  • automate the management of invoices and inventories,
  • take informed business decisions with access to business health score at your fingertips.
  • to open an account digitally, get access to capital through pre-approved SME credit cards and business loans and achieve financial security through insurances and many more offered by our financial partners.

Click here to avail loans from Bajaj Finserv.

We are in the process of collaborations and offer ERPs and financial institutions to partner with us to enable the B2B value chain grow with access to technology, account and invoice managements, cash flow visibility, working capital loans and collateral free business loans.

  • to track the receivables and payables with the help of real time dashboard, quick settlement, and automated reconciliation

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Hylobiz believes in adding value to SME businesses and is currently functional in two corridors – India and UAE. SMEs can get faster access to loans, can get paid faster and see a steady growth through automation with Hylobiz.

Interested? Reach out to us at

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