Mumbai: BUSY Accounting Software has partnered with ICICI Bank for banking solutions. This allows the accounting software to integrate with ICICI Bank’s banking solutions.
Under the partnership, ICICI Bank‘s current account holders can now securely connect their bank account to their BUSY Accounting Software.
This integration will allow BUSY users to reconcile their bank statements automatically, do accounting, fetch bank details, make payments, etc., directly from the software.
Customers from the MSME sector will no longer have to toggle between platforms for fund transfer or make unnecessary errors while doing reconciliation. They can experience contextual banking by connecting their banking and accounting.
Furthermore, Users who do not have an ICICI Bank Current Account can conveniently apply for a new one from BUSY Software itself.
“BUSY’s aim has always been to simplify and streamline the routine business activities of MSMEs, and SMEs. The statutory part is already streamlined in BUSY like GST Billing and Return filing, e-way billing, e-invoicing, etc,” said Rajesh Gupta, Co-Founder and Director, BUSY Accounting Software.
“Now we have planned to connect our software with banks and payment gateways from where the user will be able to handle all his business banking needs online,” added Gupta.
Further, “We are looking forward to a fruitful partnership with one of the reputed banks in India – ICICI. We are also looking out for more similar collaboration opportunities in the near future,” Gupta commented on the tie-up with ICICI Bank.
“We are delighted to partner with BUSY. This collaboration aims to promote the concept of ‘integrated banking’ through ‘Bank Plugins’ that enables MSME businesses and entrepreneurs to perform various banking functionalities like invoice collections, payments, and automated reconciliations on a common platform,” said Pankaj Gadgil, Head of Self Employed Segment – ICICI Bank.
In 2020, BUSY’s business grew 25% and it is expecting to grow even further this year. Also, with the banking integration, the company is hoping to touch new heights shortly.