Time is the most valuable asset a man can spend…
It’s imperative that you spend it WISELY…VERY WISELY!
You could be a Small business owner or a Homepreneur…but running your own venture is never easy. There are calls to be answered, orders to be placed, deliveries to be dispatched, services to be provided and in between you have no stock of your account payables and accounts receivables. Time, money, efforts …everything is slipping. What do you do?
Entrepreneurs like you…Small Business Owners or Homepreneurs, are carving your own niche and breaking the shackles of traditional ideologies. But there are challenges that crop up at every roundabout.
Let’s take an example…Say if you have a shoe store in a wholesale market and you have your vendor coming in today for delivery…he will need his payment. But your payment is yet to come from that bigger store that you supply to. What do you do?
There are so many invoices to be raised, reconciliations to happen…and all this while the payment status is still unknown. It is a difficult situation to be in.
In another situation…
You may be a Homepreneur having a small group of ladies helping you with your Pickles business. You supply to the neighborhood and take orders from local shops and marts. You do not have a staff to manage your accounts receivables, accounts payables, or reconciliation reports. You need
something quick, something handy, and something easily understandable that becomes your go to payments partner. A channel to manage all of this and beyond. What do you do?
This is where you can turn to Hylobiz!
What Hylobiz Can Do to Help?
Hylobiz is that simple answer to complicated scenarios like these and many more. Scenarios that are proving detrimental to your growth in all the ways. From physical to mental stress that this causes to the constant pull back from a business perspective…its simply not going right. Unhappy vendors, unhappy customers…and an unhappy you!
We can streamline all your accounts payables, accounts receivables, and reconciliations to give the powers in your hand. Be in the know of everything that you need to know at a button click and be the master of your success journey. Hylobiz integrates with any accounting software that you may be presently using to make things smoother for you from thereon. We bridge the gap between different ERP systems and the complicated legacy systems of traditional banks to ease the flow of payment all across. Payments digitization with Hylobiz is safe, secure, and super fast!
You can read our blog on how Hylobiz is Helping SMEs to Connect their Network of Ledgers here
What You Will Need to Do?
You can follow few simple steps to un-complicate your payables and receivables. It begins with:
You can register with us on our platform with the following details
- Your Full Name
- Email Address
- Company Name
- Country of Business
As in here,
Once you are done sharing this basic information, you will be redirected to the below screen prompting you to share a contact number with us.
You will receive an OTP to the mobile number that you shared and you will then be able to use that OTP to verify your mobile number for future. As a new user you will then be redirected to a screen where you can set your password and agree to the terms and conditions as shown in the screen below.
This is how you can successfully register on our platform. You will now be directed to our dashboard and can start exploring the gamut of services that we offer.
Come and take a glimpse of our DASHBOARD
This is how you will see it before you have done any transactions on the platform
However, once you have done some transactions, you will start getting insights into your overall business transactions. This will include the following data points like
- Overall Receivable Summary – In this section, you can see the total value of invoices raised, total value received, total value due. The user can also see the do amount between specific timeframes like amount over due 90 days, amount over due for more than 45 days, etc.
- Overall Payables Summary – In this section, you can see the total bills pending, total bills paid, etc.
- Upcoming Receivables – Here, you will see a list of invoices that are still within due date.
- Overdue Receivables – Here, you will see a list of invoices that are past the due dates. You can then take action like sending reminders from this screen
- Recent Transactions- Have a quick view of your recent transactions, from here!
KYC is another important step to enable you to perform any transactions on the platform. Here, come take a look at the KYC registration process with Hylobiz.
Before doing any transaction, as a new user, you will need to give your KYC information. This can be done in three steps
- Business Details – You will need to provide your bank information including bank name and account number.
2. KYC Details – As a new user, you will be asked to share a proof of company registration or PAN card in case if you are an individual business owner. You will receive several options from which you can choose any one document to be uploaded.
3. Company Details – As a new user you will be prompted to provide company information including the company address and the company logo.
After completing the KYC process, our team at Hylobiz will verify the documents submitted by you and notify you as to when you can start transacting after the document verification is done.
This is how simple it could be to resolve all your woes when it comes to your account receivables, account payables, and reconciliations. Once a registered user with us, you can send automated payment reminders, payment links, verify your key business indicators, and do so much more to take your business ahead.
Register with Hylobiz to change the way you function.