| |August 20209will need to be able to incorporate direct marketing and data gathering links through various social media channels to remain on the top list & highly aggressive. It boasts of having all solutions at one platform, from ordering to payment, for instance e-order, collaborative commerce, payment gateway, among others.Latest growth and improvements have shown that solutions which first appeared to be intended for consumers are gradually finding profitable applications within industries. By taking an inventive methodology to the adoption of technology, businesses stand to save time and increase output & efficiency, results that will be reflected in the bottom line of enterprises that choose to embrace new technologies.An ERP software system is often one of the major investments a business will have to make. Not only is it an important financial decision, but it can impact all parts of your business, like HR, accounting, manufacturing, and marketing, among others.Banking in ERPSome of the ERP software have integrated `Connected Banking' with the account holders to connect their bank account with the ERP software and undertake an array of digital transactions within the platform itself. It allows businesses to initiate salary & vendor payments directly from the platform, accounting entries and automate reconciliation of banking, as well as allows to schedule future dated payments, thereby offering perfect command over day-to-day financial transactions for businesses.With the integration, business owners can keep track of transactions flowing in & out of their bank accounts. Businesses can eliminate data entry and manual errors of accounting, as transactions directly fetched from the bank. Real-time bank balance and transaction status on accounting platforms help business owners to take important decisions instantly. Future ERP systems will need to be able to incorporate direct marketing and data gathering links through various social media channels to remain on the top list & highly aggressive
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