Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 February, 2018 00:59 IST
Zoho partners with ICICI Bank
Source: IRIS | 12 Feb, 2018, 03.52PM
Comments  |  Post Comment

In an industry-first integration of accounting and banking, Zoho, India's leading software products company, is partnering with ICICI Bank, the country's largest private sector bank by consolidated assets, to deliver a streamlined digital banking experience to customers using Zoho's cloud accounting software, 'Zoho Books'.

ICICI Bank current account holders can now securely connect their bank account to Zoho Books which will help businesses eliminate data entry, automate reconciliation, provide multiple payment options to their customers, request working capital loans, and pay suppliers directly from their accounting platform.

This pioneering partnership will allow Micro, Small and Medium Enterprises (MSMEs) in India to experience contextual banking, by connecting their banking and accounting, which was once available only for large companies and corporations with large IT and infrastructure budgets.

Anup Bagchi, Executive Director, ICICI Bank (Q,N,C,F)* said, ''ICICI Bank has always pioneered in bringing in digital innovations and provide world-class banking experience to its customers. Keeping this in view, we are delighted to partner with Zoho to bring forth an integrated solution that will offer MSMEs with unparalleled ease of doing business. This integration enables MSMEs to bring in the efficiency of automation by connecting seamless banking transactions and bookkeeping on a single platform. Additionally, it also enables them to keep a track on all their business expenses on a single platform without having to switch multiple applications. This partnership resonates our effort at bringing in path breaking solutions, thereby creating an ecosystem through connected banking. We will continue the model of co-creating to deliver innovative products and services to our customers.''

Shares of the bank declined Rs 0.75, or 0.23%, to trade at Rs 326.00. The total volume of shares traded was 470,821 at the BSE (3.41 p.m., Monday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Lupin launches generic Namenda XR capsules in US - 21-Feb-2018 16:00
Home textiles exporters stare at 300 bps fall in profitability: Crisil - 21-Feb-2018 14:32
Lupin gets USFDA nod for generic Tamiflu for oral suspension - 21-Feb-2018 14:27
SSWL wins exports order from German OEM-BMW - 21-Feb-2018 12:15
BHEL bags Rs 10.34 bn captive power plant order - 21-Feb-2018 12:07
Reliance Ind to acquire 5% stake in Eros Int'l PLC - 21-Feb-2018 10:51
IRB Infra Developers receives appointed date for Kishangarh Gulabpura Tollway project - 21-Feb-2018 09:44
USFDA completes pre-approval inspection at Biocon Malyasia - 21-Feb-2018 09:31
Dilip Buildcon wins NHAI EPC project worth Rs 3.80 bn - 21-Feb-2018 09:28
CMI Energy bags order from Engineers India - 20-Feb-2018 14:27
Import duty, stock limits spell relief for sugar sector: Crisil - 20-Feb-2018 13:17
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer