Shruti, 37, runs a business-to-business service enterprise. As a loyal Standard Chartered bank customer with business solutions, for over four years, she has always demonstrated excellent man-management skills in her environment-friendly business. However, cash management has been a niggling worry for her. With Standard Chartered’s Straight2Bank host-to-host system and the alliance with Zoho Books, Shruti is able to ensure delivery of transaction instructions. Payments, the status of transactions, reconciliation reports are now easier.
Straight2Bank-Zoho Books alliance works: This is a unique innovation of Standard Chartered. It uses a secured back-end system that offers twin benefits of direct connectivity and processing. The encrypted connection between Straight2Bank and Zoho Books ensures security in info exchange, and Zoho Books transactions automatically entered into online banking platform. This constitutes internet and online fraud risk reduction while removing any inconsistencies between ERP system and banking platform.
Shruti says: “My life has become infinitely easier thanks to easier reporting. My business efficiency has increased, as a lot of time has been freed for me and my employees.” The auto-reconcile feature helps customers like Shruti to avoid manual entries when it comes to banking transactions which are done in context to her business. All the transactions are automatically carried into Zoho Books and reconciled with existing transactions.
Ever since chef Samir left his high-paying job at a chain of hotels, he has dreamt of running his very own restaurant chain across the world. He soon found out that while making dinner for 500 guests was easy if you planned it well, tallying business data between his accounting system and his bank’s platform was a major headache. To customers like him, the alliance between Standard Chartered and Zoho Books is nothing short of a gift.
“Now, I don’t need to worry about the hundreds of data points. All are reconciled perfectly and without any effort from my side. One tap and I can have a consolidated view of my nine restaurants in six states,” says Samir. Manual errors have now dropped to almost zero.
Being the owner of his restaurant chain means that Samir has to pay a lot of vendors. Everyday payments are instant and blazing fast, without any need to juggle between accounting software and banking portal.
“My operating bank account activities are reflected in Zoho Books. Payments made on Zoho Books are automatically sent to Standard Chartered for processing. The entire system is automated and I can’t thank the bank enough for that. We also use services like direct debit and there is no additional cost,” adds Samir.
Customers are loving the Standard Chartered-Zoho Books alliance which has brought state-of-the-art capabilities, security and automation.
Ahmed Farooqi’s dream as an engineering student was to light up his college campus. He did that. A few years ago, Ahmed embarked on a bigger dream of making and supplying LED lamps for South Eastern Asian countries. His business is booming, but his business accounting not so much. That is why when he heard about Standard Chartered-Zoho Books alliance, he knew his problems were solved.
“I always knew that monthly financial tasks such as GST filing, report preparation and ERP had a smart solution,” Ahmed says.
Whenever a large order has to be sent, the engineer turned businessman uses
Zoho Books’ creation of estimates and invoices feature. When his employees go on a site visit, the straight through bank integrated ERP tracks bills and expenses.
What’s more, monitoring of inventory levels, the creation of sales order and purchase order, and purchase approval has become hassle-free.
Since this integration is with a cloud-based ERP, customers like Ahmed can get advanced financial services from Standard Chartered.
To know more about how Standard Chartered-Zoho Books alliance can help your business, click here.