Mumbai, June 03: Alignbooks, a cloud-based accounting platform for small and medium enterprises has announced its integration with Amazon interfaces to help streamline business operations for SMEs availing e-commerce avenues. This major initiative by the leading ERP player will help manage key challenges for e-commerce business, such as huge number of invoices, warehouse management, payment reconciliations and cash flow management etc. This way, SMEs can now keep their focus on procurement & logistics while Alignbooks facilitates a fully integrated back office-cum-accounting.
This integration will enable SMEs to seamlessly maximise on automation as the platform provides a dashboard for real-time sales monitoring along with intelligent insights for inventory and cash flow management. Businesses can fully leverage upon their bandwidth on core business rather than worrying about e-commerce operationalization, accounting and compliances. This will eventually lead to businesses driving better profit margins and reaching scalability, while remaining compliant at all times.
This comes as a respite as small enterprises navigate the complex world of working with e-commerce platforms as an online sales model. Speaking about the same, Anand Jajodia Co-founder of Align Info Solutions said, “We are happy to have integrated our ERP solution with Amazon as it will help MSMEs take their businesses to the next level. The advent of cloud accounting, increasing presence and acceptability of major E-Com platforms viz. Amazon, Flipkart, etc is a boon for SMEs making online sales. The pandemic has further pushed the demand for such platforms and the enabling stakeholders. Our integration will further ease their operations daily and allow them to focus on core business.”
Here’s how Alignbooks helps SMEs with this integration
E-commerce vendors can monitor their inventory on a real-time basis for refills or track slow-moving stocks at the Amazon warehouse. SMEs deal with a huge number of invoices generated on a daily basis and managing such volumes, manually, is not only tedious but not accurate either. SMEs might lose the thin margins if any of the above are not managed efficiently. Deployment of the tech-enabled platform allows sales and cash flow management for SMEs. Payment Settlements by Amazon to the designated bank a/cs of SMEs also get reconciled through the seamlessly. Availability of dashboard will allow real time view of sales / inventory / cash flows with intelligence, for faster & efficient decisions.
AlignBooks is primarily a SaaS based solution which is not available for use anytime, anywhere, it offers flexibility to operate on offline mode too and auto-syncs as a when reconnected to the net. This is even beneficial for SMEs from tier 2 and 3 cities of India those who might still be struggling with consistency & bandwidth issues. The accounting software has also partnered with various financial intermediaries, including ICICI bank (connected banking), enabling efficient management of Receivables & Payable by its customers.