Mid-size and especially traditional businesses lack experience and accessibility of digital payments considering the high costs and efforts involved. While larger companies get desired technology solutions from banks and their software providers, startups and small to midsize businesses have struggled for a long time. EnKash’s platform, Olympus, is focused on startups & small to midsize businesses and comes with “plug & play” integration capability in completely DIY mode.
Olympus automates repetitive manual processes such as transaction entries, bank reconciliation, payment management, collection management, expense tracking, and invoice management. Olympus only onboard validated buyers & suppliers and can auto-flag whenever there is a mismatch. It also facilitates end-to-end AP management through features like remittance automation and real-time automated payment entry into the underlying accounting platform.
Customers can use the platform to dispatch bulk invoices and attach payment links through a single click. Olympus handles the entire collection cycle, from invoice delivery to payment reminders to real-time reverse entry into the accounting software for online and offline transactions.
Hemant Vishnoi, Co-founder, EnKash, said in a statement, “As one of the highest contributing sectors to the economy, MMEs (Mid-Market Enterprises) need consistent tech empowerment that makes them efficient in their operations. With the launch of Olympus, we have used our team’s experience & expertise to assist them in adopting tech-based solutions.”
