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Pay Any Vendor, From Any Source, And earn 2% Cash Back
Make enterprise payments using TReDS, NBFCs, dynamic discounting, or your own treasury — all from one intelligent platform. Automate payables and get 2% cash back on early payments across all funding sources.
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Safe and secure. Compliant with RBI guidelines & IndAS
Talk to Sales
Safe and secure. Compliant with RBI guidelines & IndAS
Trusted by more than 3000 companies
The Problem Today
Companies use multiple payment methods & are often delayed on payments
Funds are moved into and out of multiple company bank accounts to make a single payment. Reconciling bank account statements with your ERP is a manual and time consuming process.
Compliance is ignored
Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.
No central database
Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.
Unreliable OCR systems
Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
The Problem Today
AP teams spend 100s of hours booking invoices
This is not only a waste of time and productivity, but many a times the invoice booking process has compliance loopholes, uses outdated technology and there is no central storage system for audit readiness and future reference.
Compliance is ignored
Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.
No central database
Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.
Unreliable OCR systems
Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
Scattered Payment Sources
Managing disbursals across TReDS, NBFCs, treasury funds, and multiple banks is chaotic — with no centralized view or control.
Manual Reconciliation Mayhem
Reconciling payments with ERP entries and vendor ledgers is still a manual nightmare, slowing month-end closures and increasing error risks.
Penalties For MSME Payments
New compliance rules mandate timely payments to MSME vendors — and delays now mean disallowed expenses and financial penalties.
Enterprise Payments Platform built for large Indian enterprises
Enterprise Payment Support
Pay via an Enterprise Payment Option of Your Choice — Choose from 5+ Sources
Seamlessly make payouts using TReDS, NBFCs, dynamic discounting, treasury funds, or any connected bank account. All payment rails, fully integrated — so you stay in control.
Choice of Payment Options
Choose the Right Payment Method at the Time of Payment
No more locked-in workflows. Pick the most cost-effective or convenient funding source for each transaction, based on your real-time cash position or vendor needs.
Earn while you pay
Earn 2% Cashback on Every Early Payment — Across All Financing Channels
Get rewarded for early payments via any source — NBFCs, TReDS, or your own treasury. Enjoy up to 2% cashback with our subvention-backed system that turns payables into profit.
CashFlo is processing 1000s of crores in payments each year, for India’s biggest corporates across all their bank accounts
MSME Payments on Time
Pay MSMEs On Time — Avoid Penalties and Qualify for Tax Benefits
Stay fully compliant with the latest MSME payment regulations. Prioritize timely vendor payments to avoid disallowed expenses, penalties, and missed tax deductions.
ERP & WMS Sync
Powerful ERP & WMS Sync for all your payments. Works with all ERPs
Instantly sync every single payment with SAP, SAP B1, Ohana, Oracle, MS Dynamic and many more ERPs.
Explore our entire suite of Corporate Finance Automation Products
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Unlock the potential of your finance team & boost productivity 10x. Let us show you how.
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Understanding Multi-Bank Payments & How It Impacts Your Business
Multi-bank payments involve managing transactions across multiple bank accounts, offering businesses a strategic advantage in financial operations. By utilizing multi-bank payments, companies can optimize cash flow, ensuring funds are available where they are needed most, reducing the risk of overdrafts and improving liquidity.
This approach also enhances payment efficiency by streamlining processes, allowing faster and more accurate transactions across different accounts. Moreover, it mitigates risk by diversifying financial resources, ensuring business continuity even if one bank faces issues. Overall, multi-bank payments provide greater flexibility, security, and control, directly impacting your business's financial health and operational efficiency.
This approach also enhances payment efficiency by streamlining processes, allowing faster and more accurate transactions across different accounts. Moreover, it mitigates risk by diversifying financial resources, ensuring business continuity even if one bank faces issues. Overall, multi-bank payments provide greater flexibility, security, and control, directly impacting your business's financial health and operational efficiency.
How Multi-Bank Payments Work: A Step-by-Step Guide
Step 1 - Bank Account Integration: Multi-bank payment systems integrate with all your bank accounts, centralizing transaction management and enhancing bank account managements
Step 2 - Payment Processing: Payments are processed through the optimal account based on balance and transaction type, ensuring efficient payment processing and cash flow.
Step 3 - Automated Reconciliation: Post-payment, the system uses automated payment workflows to match transactions with accounts, simplifying bank reconciliation and reducing errors.
Step 4 - Transaction Tracking: Real-time transaction tracking allows for seamless monitoring and management of payments across multiple accounts.
Step 5 - Security and Compliance: The system ensures secure payment processing and adherence to financial regulations, guaranteeing that all transactions are safe and compliant.
Step 2 - Payment Processing: Payments are processed through the optimal account based on balance and transaction type, ensuring efficient payment processing and cash flow.
Step 3 - Automated Reconciliation: Post-payment, the system uses automated payment workflows to match transactions with accounts, simplifying bank reconciliation and reducing errors.
Step 4 - Transaction Tracking: Real-time transaction tracking allows for seamless monitoring and management of payments across multiple accounts.
Step 5 - Security and Compliance: The system ensures secure payment processing and adherence to financial regulations, guaranteeing that all transactions are safe and compliant.
Benefits of Multi-bank payments
Enhanced Cash Flow Management
Multi-bank payments allow businesses to optimize cash flow by distributing payments across multiple bank accounts. This ensures better liquidity management, as funds can be drawn from the most favorable accounts, reducing the risk of overdrafts and enhancing financial flexibility.
Improved Payment Efficiency
By leveraging multi-bank payments, companies can streamline the payment process, enabling faster and more accurate transactions. This reduces the administrative burden of managing payments across different accounts and enhances overall operational efficiency.
Risk Mitigation and Security
Multi-bank payments reduce the reliance on a single bank, spreading risk across multiple businesses. This diversification not only enhances financial security but also ensures that payments can continue smoothly even if one bank experiences issues.
Common Challenges with Multi-Bank Payments and Solutions
1. Complex Reconciliation Processes: Managing multiple bank accounts can complicate bank reconciliation and be time-consuming. Use automated reconciliation tools and automated financial workflows to ensure accuracy and save time.
2. Increased Risk of Errors: Payments across various accounts increase error risks. Implement transaction tracking and secure payment processing to reduce mistakes, while leveraging financial automation and bank account integration for accuracy.
3. Coordination Across Accounts: Coordinating payments across banks can be inefficient. Address this by using financial automation software and multi-bank transfer solutions that integrate with your financial tools for smooth, efficient payments.
2. Increased Risk of Errors: Payments across various accounts increase error risks. Implement transaction tracking and secure payment processing to reduce mistakes, while leveraging financial automation and bank account integration for accuracy.
3. Coordination Across Accounts: Coordinating payments across banks can be inefficient. Address this by using financial automation software and multi-bank transfer solutions that integrate with your financial tools for smooth, efficient payments.
Multi-Bank Payments with Reconciliation for Large Enterprises
1. Simplified Vendor Payments:Eliminate the hassle of juggling funds across multiple accounts for a single vendor payment.
2. Centralized Fund Management:Easily transfer funds to your CashFlo clearing account and manage all payments from one secure location.
3. RBI-Compliant Security:Ensure your funds are always safe and secure with full compliance to RBI guidelines.
4. Robust Clearing Account Foundation:Rely on a strong, secure clearing account to guarantee the safety of your funds at all times.
5. Seamless ERP & WMS Integration:Experience powerful synchronization with your ERP and WMS systems, ensuring smooth payment operations across all platforms.
2. Centralized Fund Management:Easily transfer funds to your CashFlo clearing account and manage all payments from one secure location.
3. RBI-Compliant Security:Ensure your funds are always safe and secure with full compliance to RBI guidelines.
4. Robust Clearing Account Foundation:Rely on a strong, secure clearing account to guarantee the safety of your funds at all times.
5. Seamless ERP & WMS Integration:Experience powerful synchronization with your ERP and WMS systems, ensuring smooth payment operations across all platforms.
Effortlessly Pay from Any Bank Account with Auto-Reconciliation.
1. Flexible Payments: Choose from any linked bank account, offering seamless bank account integration for financial flexibility.
2. Automatic Reconciliation: Use automated payment workflows and tools to reduce time spent on manual bank reconciliation.
3. Simplified Accounting: Financial automation software matches payments with transactions, minimizing errors through secure payment processing.
4. Enhanced Control: Manage cash flow with efficient bank account management and multi-bank integration, ensuring smooth transaction tracking.
5. Effortless Management: Utilize financial management tools integrated with existing systems for efficient bulk payment processing and reconciliation.
2. Automatic Reconciliation: Use automated payment workflows and tools to reduce time spent on manual bank reconciliation.
3. Simplified Accounting: Financial automation software matches payments with transactions, minimizing errors through secure payment processing.
4. Enhanced Control: Manage cash flow with efficient bank account management and multi-bank integration, ensuring smooth transaction tracking.
5. Effortless Management: Utilize financial management tools integrated with existing systems for efficient bulk payment processing and reconciliation.
Frequently Asked Questions
What challenges come with multi-bank payments?
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How can I manage reconciliation with multi-bank payments?
Is it secure to use multi-bank payments?
Can multi-bank payments integrate with my existing financial systems?
How do multi-bank payments improve cash flow?
What tools are needed for multi-bank payments?
Can multi-bank payments be used for bulk payment processing?
Power your corporate finance team with CashFlo
Speak to an expert from our team to see how CashFlo can help you automate and elevate your corporate finance function
Book a free demo
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