Axis Bank, a leading name in India’s private banking sector, has partnered with Marg ERP, a recognized provider of integrated business software, to deliver a unified banking and accounting experience for SMEs. This collaboration is designed to combine banking and accounting tools into one seamless system, reducing the need for business owners to switch between separate platforms.
The integration allows Axis Bank’s current account holders to directly link their accounts with Marg ERP software. This unified setup enables businesses to handle transactions like NEFT, RTGS, IMPS, and others effortlessly. Customers can log into Marg ERP, select the invoices they wish to pay, and execute payments via their linked Axis Bank account.
This connected system brings numerous benefits, such as streamlining payment processes, offering real-time updates on account balances, and automating reconciliation tasks. With transactions fetched directly from the software, businesses no longer need to rely on manual entries, reducing the chances of human error. The ability to see up-to-date financial data in one place supports faster and more accurate decision-making.
Vivek Gupta, President and Head of Wholesale Banking Products at Axis Bank, expressed the importance of this partnership. He stated, “Our collaboration with Marg ERP reflects Axis Bank’s dedication to providing smarter and more efficient solutions for SMEs. By merging banking functions with Marg ERP’s capabilities, we aim to simplify financial operations, enhance efficiency, and empower businesses to make informed decisions quickly. This initiative aligns with our broader commitment to elevate the digital experiences of our customers.”
Thakur Anup Singh, CMD and Founder of Marg ERP, also shared his thoughts on this milestone. He remarked, “This association with Axis Bank is a significant step forward for B2B enterprises. The partnership supports the government’s push for digital transformation and economic development. It provides advanced banking tools that simplify operations for SMEs, whether they are based in major cities or more remote locations. Together, we are ensuring that businesses have the tools they need to thrive.”
This collaboration not only reflects Axis Bank’s focus on innovation but also underlines Marg ERP’s dedication to enabling businesses with cutting-edge tools. By offering these features at no additional cost, the initiative empowers SMEs to operate more efficiently, contributing to a stronger and digitally forward business environment.
