Indian spend management platform EnKash has launched its Olympus solution, a technology stack that automates payables and receivables for mid-market enterprises (MMEs). The solution offers various features such as remittance automation, real-time payment entry, bulk invoice dispatches, and integrated analytics dashboard for decision-makers.
Facts
- EnKash has introduced its Olympus solution to automate accounting and auditing processes for MMEs.
- Olympus’ technology stack includes the digitalization of transaction entries, bank reconciliation, expense tracking, payment, collection, and invoice management.
- The solution supports AP management with remittance automation and real-time automated payment entry, and AR management with bulk invoice dispatches and collection automation.
- Olympus offers an integrated analytics dashboard to derive insights from consolidated data across multiple business operations.
- The solution acts as a white-label, plug-and-play integration on top of a business’s existing accounting and enterprise resource planning (ERP) software.
- Customized approval matrices enable faster payment approvals while ensuring internal compliance and transparency.
- EnKash caters to the AP and AR automation needs of the MME segment, which has been traditionally excluded from automated banking solutions designed for large enterprises.
