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EnKash Launches “Olympus,” an industry-first 360-degree full-stack business Payable, Receivable & Reconciliation Platform
A smart digital payments platform specially designed for startups and traditional businesses that seamlessly integrates accounting with banking Rides on deep integration as a one-stop integrated solution that helps businesses stay on top of their cash flows, Reduces Day Sales Outstandings (DSOs) and improves Day Payable Outstanding (DPOs) by 40% for small to mid-size businesses, […]
A smart digital payments platform specially designed for startups and traditional businesses that seamlessly integrates accounting with banking Rides on deep integration as a one-stop integrated solution that helps businesses stay on top of their cash flows, Reduces Day Sales Outstandings (DSOs) and improves Day Payable Outstanding (DPOs) by 40% for small to mid-size businesses, enabling cost cuts & revenue growth.
New Delhi (India), July 14: EnKash, Asia’s 1st and smartest spend Management platform, has launched “Olympus,” an industry-first solution that automates business payables and receivables. 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. It seamlessly wraps itself atop any business’s existing accounting and enterprise resource planning (ERP) software. It provides a highly cost-effective and superior experience to streamline payables & collections. Businesses can onboard themselves with an easy 2-step process without disrupting their accounting, policies, processes & banking relationships.
Olympus is a powerful technology stack designed to empower businesses with greater efficiency and 100% accuracy in accounting and auditing processes. It also automates cumbersome and repetitive manual processes such as transaction entries, bank reconciliation, payment management, collection management, expense tracking, and invoice management. Current beta customers have reported more than 40% improvement in their processes, bringing close to 50% overall cost savings. Another important aspect reported by customers is mitigating risk and fraud in their business transactions, as Olympus only onboard validated buyers & suppliers and can auto-flag whenever there is a mismatch. As a seamless bridge between accounting and banking, Olympus facilitates end-to-end AP management through features like remittance automation and real-time automated payment entry into the underlying accounting platform. However, its unique selling proposition (USP) is its receivables management feature.
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