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Basic Details

Hylobiz
siachen.com/hylobiz
2019
IN
MH
Pune

Communication

Flat no. 6, Shivkamal 1076/5, Vidya Vihar Colony, Shivaji nagar, Pune, India.
+917447445974

About Business

Business Summary

Hylobiz is a B2B App for Payment Collection and Invoice Management.

Business Description

Hylobiz - The most widely employed ERP solution within its specified markets; An API-Sandbox designed to accommodate the requirements of larger enterprises - Pune, India.

At Hylobiz, we are dedicated to revolutionizing the way businesses manage their finances and interact with banking services. Our journey began with a vision to simplify and streamline financial processes for businesses across diverse industries!!

In its target markets, Hylobiz has integrated the most popular enterprise resource planning (ERP) system; it has also developed an API sandbox for larger companies; and it has offered support for a variety of functional use cases, including PI, PO, Inventory, and Invoicing, in addition to connected banking services. The Hylobiz Neobanking platform enables the banking market place for businesses to obtain services such as insurance, loans, bill-discounting, utility payouts, and tax payments, all through the use of a single window of access.

The Hylobiz app is a business-to-business solution for managing invoices and collecting payments. The Hylobiz Neobanking platform enables the banking market place for businesses to gain access to services such as insurance, loans, and bill-discounting. Here at Hylobiz, we are committed to transforming the way in which businesses manage their money and interact with banking services. Our journey began with the idea of making the financial procedures of firms operating in a variety of industries more straightforward and efficient. We have established ourselves as a leading innovator in the field of financial technology, and our headquarters are in the bustling city of Pune in the Indian state of Maharashtra. We provide a comprehensive range of innovative services and solutions to businesses of varying sizes all over the world.

At Hylobiz, we have a crystal clear vision for our company's mission: to equip businesses with the resources and technology they require to survive in an increasingly competitive and dynamic business landscape. We are dedicated to offering cutting-edge financial solutions that streamline complicated procedures, improve operational effectiveness, and foster economic expansion. We want to be the partner of choice for companies that are looking for streamlined financial management and banking services, and we plan to do this by putting the needs of our customers first.

Solutions Integrated Into ERP Systems: Our capability to integrate with the most widely utilized ERP systems in the markets we focus on is one of our most significant advantages. This integration means that organizations may easily manage their financial data and transactions within the infrastructure they already have by integrating third-party software into their existing systems. We have eliminated data silos and enabled a fluid flow of information across multiple departments by seamlessly interfacing with ERP systems. This has resulted in improved decision-making across the board.

Sandbox for API Testing by Large Organizations: We have designed an application programming interface (API) sandbox that provides an unprecedented level of flexibility for use by larger enterprises with more intricate requirements. With the help of this sandbox, companies can modify and adapt our solutions to better fulfill the needs that are unique to their operations. Our API-sandbox provides the tools and capabilities required to optimize operations on a grand scale, whether it be purchase orders (PO), inventory management, or invoicing.

Electronic Billing Under the GST: In India, one of the most important aspects of effective financial management is ensuring that all Goods and Services Tax (GST) requirements are followed. Our electronic invoicing solutions not only assist businesses in producing bills that comply with the GST, but they also make the entire process of invoicing more simpler. We ensure that companies continue to have a positive relationship with tax authorities by providing useful tools such as real-time GST certification and seamless data synchronization.

Financing of the Supply Chain: It is absolutely necessary for long-term growth to have proper cash flow management throughout the supply chain. Our supply chain finance solutions make it possible for businesses to gain access to the monies they require to maintain the seamless functioning of their supply chain activities. Through the facilitation of early payments to suppliers, we assist businesses in optimizing their working capital and developing closer connections with their suppliers.

hylobiz

Hylobiz: The Picture is Business Representational

Credit Cards That Have Already Been Approved: We are aware of the relevance of credit availability as it pertains to the functioning of businesses. Because of this, we provide businesses with pre-approved credit cards that are tailored to match their specific financial requirements. These cards come with terms that are competitive and have the potential to be a useful resource for managing day-to-day spending as well as unforeseen charges.

Loans Against Working Capital: The availability of working capital is essential to the success of any organization. Our working capital loans give businesses the financial flexibility they need to exploit chances for development and successfully handle hard times. We ensure that businesses are able to gain access to the cash they require when they require them by providing funds at interest rates that are competitive and flexible repayment terms.

Management of Stock and Supplies: Businesses operating in a wide variety of sectors need to prioritize effective inventory management above all else. Our inventory management software makes it much easier to keep track of and exercise control over inventory levels. As a result, it assists firms in maximizing their stock, cutting down on their carrying expenses, and avoiding stockouts.

Gateway for Integrated Payment Processing: Processing payments in a seamless manner is an absolute necessity for modern organizations. The integrated payment gateway that we provide to businesses makes it simple and risk-free for them to take payments. Businesses are able to accommodate a wider variety of client preferences and broaden their revenue streams when they provide support for a greater number of payment options.

Reports Updated in Real Time: Access to current and accurate financial data is essential to the process of making well-informed decisions. The real-time reporting tools that we offer give companies the most up-to-date information possible on how well they are doing financially. Because of the customizable nature of these reports, organizations are able to concentrate on the metrics that are of the utmost importance to them.

Collections Made From Invoices: The procedure of collecting money can be one that requires a lot of time. This process is made easier by the automated payment reminders and follow-ups that are provided by the invoice collections component of our product. This guarantees that companies receive payments in a timely manner, so boosting their cash flow and lowering the danger of having accounts that are past due.

Safe and Sound Payment Connections: When conducting business online, security is of the utmost importance. The use of our encrypted payment links is a risk-free and time-saving option for companies who need to collect payments from their clients. These links are encrypted so that sensitive data can be protected, bringing piece of mind to both the companies and the clients they serve.

Score for the Health of a Business: It is crucial to gain an understanding of the financial health of a company before making any decisions for that company. A full analysis of a company's financial performance is provided to the company by our business health score, which identifies both areas in which the company excels and those in which it needs improvement. This score is a very useful instrument for strategic planning and personal development.

Administration of Shares: The importance of efficient stock management cannot be overstated for companies that deal with physical inventories. Tracking inventory is made much easier with our stock management software, which also helps to reduce the likelihood of either overstocking or understocking. Because of this, both productivity and profitability are increased.

Loans for Businesses That Don't Require Collateral: A big obstacle that many companies must overcome is gaining access to cash. Businesses that are in desperate need of finances for expansion, equipment purchase, or other capital expenditures can get a helping hand from us in the form of our collateral-free business loans. These loans come with conditions that are more favorable than average, and the required documentation is kept to a minimum.

Invoicing Both Individually And in Bulk: Our electronic invoicing systems can accommodate organizations regardless of whether they need to send individual invoices to a single customer or bulk bills to a number of customers. This flexibility makes the process of billing customers much easier and saves organizations a lot of critical time.

Generation of the E-Way Bill: The e-way bill is an absolutely necessary piece of documentation for transporting products in India. Our e-way bill generating tool ensures that businesses can simply generate e-way bills, which makes it easier for enterprises to comply with regulatory obligations and ensures that items are transported without any disruptions.

A Method of Accounting: Accounting that is accurate is essential to the practice of responsible financial management. Bookkeeping and financial reporting are made much easier with our accounting software, which enables firms to keep their financial data organized and open to public scrutiny.

Services Offered by Banks to Businesses:

We provide our customers with a full array of commercial banking services including internet banking, payment processing, and a lot more besides. These services are intended to make day-to-day financial operations more straightforward and to give companies access to the tools they require in order to efficiently manage their financial affairs.

Loans to Businesses: It is essential for new ventures as well as existing companies to have access to finance that is both timely and reasonable. Our commercial loans are tailored to meet the particular requirements of businesses, whether those companies intend to initiate brand-new endeavors or to broaden the scope of their current endeavors.

Answers to Software Problems:

In addition to our primary financial services, we also provide a variety of software solutions that are crafted specifically to meet the requirements of companies. These solutions improve a company's efficiency as well as their productivity and their overall performance.

Integrations of ERP Systems: Because of our expertise in connecting with ERP systems, firms are able to further simplify and streamline their business processes. Because to this connection, financial data now flows smoothly between departments, which eliminates the need for manual data entry and significantly cuts down on errors.

Providers of Financial Services: The management of one's finances should always include some level of forward-looking planning. With the support of our financial planning services, firms are better able to plot a road for sustained success, which in turn provides useful insights and expansion ideas.

Answer to Automation Problems:

The automation of business processes is the way of the future, and we are in the vanguard of this revolution. Our business automation solutions simplify operations that are repetitive, cut down on the potential for human error, and increase overall productivity.

Buying and Selling Services: We provide specialist trading software as well as trading-related services to organizations who are active in trading. These technologies assist organizations in managing their trade activities, optimizing their pricing strategies, and tracking and managing their inventories.

Management of Billing Expenses: It is essential for both cash flow and financial stability to have effective handling of invoices. From the preparation of invoices through the collection of payments, our billing management system streamlines and simplifies the process, ensuring that businesses are paid in a timely manner.

Monetary aspects of a company:

The administration of our financial resources constitutes the bulk of our work. Our solutions for financial management cover everything from planning to financial analysis, giving businesses the ability to make educated decisions on their finances at every stage.

Integration Services for ERP Systems: Although integrating ERP systems is a difficult endeavor, our knowledge ensures that the process will go off without a hitch. We collaborate closely with companies to integrate the ERP systems they use, which paves the way for unimpeded movement of financial data and transactions.

The Management of Finances: Every prosperous company has one thing in common: they all practice responsible financial management. The tools and services that we offer for financial management provide organizations with the visibility and control that are necessary for them to flourish.

Compliance with the GST: In India, complying with the Goods and Services Tax (GST) is an obligation imposed by the law. Our GST compliance solutions streamline the process from start to finish, from registering for GST to submitting returns, making it easier for businesses to maintain compliance.

Options for Making Payments: Processing payments in a timely and effective manner is critical for companies of all sizes. Our payment solutions make it possible for businesses to accept payments through a variety of channels, including online, in-store, and over the phone. This improves the convenience for the customer.

The Reconciliation of Accounts: The work of reconciling accounts can be one that requires a lot of time, but it is necessary to ensure accuracy. This process is automated by our accounts reconciliation solutions, which reduces the amount of manual labor required and the number of errors that can occur.

Systems for the Management of Compliance: Businesses really must ensure they are in compliance with all legislation in order to avoid getting into legal trouble. Our compliance management systems assist firms in remaining current with the myriad of regulatory obligations, hence lowering the likelihood of incurring financial sanctions.

Automation of Business Procedures (BPA): The rationalization of corporate procedures is a critical factor in achieving both efficiency and cost reduction. With the assistance of our business process automation software, companies are able to automate processes and repetitive tasks, thereby reclaiming important time and resources.

Management of the Cash Flow: Businesses are faced with an ongoing struggle in terms of effectively managing their cash flow. The insights and capabilities for forecasting that are necessary to sustain healthy cash flow can be provided to organizations by our cashflow management products.

The Benefits of Using Hylobiz:

The consistent commitment that Hylobiz has to providing our consumers with value is what separates us from the other companies in our industry. The following is a list of the primary benefits of forming a partnership with us:

We are committed to simplifying what are traditionally difficult financial procedures. Because of our solutions' user-friendly interfaces and intuitive tools, businesses are able to immediately adapt to our products without having to undergo extensive training.

We offer a wide variety of financial services and solutions, which positions us as a one-stop shop for any and all of a company's requirements in terms of its financial situation. Everything from submitting invoices to providing banking services is within our purview.

Personalization: We are aware that each and every company is one of a kind. Our solutions are extremely adaptable, which enables companies to modify them to meet the requirements that are unique to their operations.

Integration: Our expertise in ERP integration provides a seamless flow of data within an organization's existing infrastructure, hence reducing the number of instances in which errors and duplicate data are generated.

Maintaining compliance with the many tax and regulatory regulations is an extremely important task. Our products and services are developed with compliance in mind, which enables companies to steer clear of potential legal problems.

Effectiveness: Maximizing the effectiveness of our operations is one of our top priorities. Our solutions are designed to improve business operations in a variety of ways, including the automation of procedures and the provision of real-time information.

Customers' Financial Well-Being: We are concerned about the customers' financial well-being. Our products and services are geared toward empowering businesses by providing them with the knowledge and resources required to make well-informed choices.

Support for Customers: We take great pleasure in our customer support team, which is both knowledgeable and quick to respond. We are always prepared to help our customers with any questions or concerns they may have, and we are more than happy to do so.

Safety and security are of the utmost importance. We use the most advanced security techniques available to safeguard sensitive financial data in order to provide businesses with peace of mind.

Platform for Neobanking Operated by Hylobiz:

The Hylobiz Neobanking platform is a ground-breaking effort that delivers the banking marketplace directly to businesses. In addition to our standard financial services, we now offer this ground-breaking innovation. This platform gives companies unparalleled access to a wide variety of banking services, including the following:

Protect your company and its assets with all-encompassing insurance coverage that is specifically crafted to meet your requirements.

Loans: Competitive loan alternatives give you access to cash for growing your business, expanding your firm, or meeting other financial demands.

Bill Discounting: If you want to improve your cash flow, you can take advantage of bill discounting services in order to collect early payments for any invoices that are still due.

Utilities Payouts: With our utilities payouts service, you can simplify the process of paying utility bills and ensuring that settlements are made on time.

Paying Your Taxes: Simplify the process of complying with tax laws by using our tax payment services. This will ensure that you satisfy all of your tax requirements without any fuss.

All of these services are available through the interface of a single window, which makes banking and the management of financial matters more user-friendly and effective than they have ever been before.

Our Dedication to the Pursuit of Innovation:

At Hylobiz, we place a premium on being on the cutting edge of new ideas. In order to maintain our position as industry leaders in terms of financial technology, we make consistent investments in research and development. Our staff put in a lot of effort to stay on top of evolving trends and technology so that they can provide our clients with the best possible service. Our solutions continue to develop in tandem with the changing nature of the business environment.

We are excited to be a leading force behind the digital transformation of organizations' financial processes in India and beyond, and we take this honor very seriously. We are confident in our capacity to enable organizations to achieve new levels of success by providing cutting-edge solutions and maintaining a constant emphasis on the satisfaction of our customers.

The Influence That We Have on Businesses:

The influence that Hylobiz has had on enterprises has been extremely significant and far-reaching. Businesses of all sizes and operating in a wide variety of fields have been able to reach their financial goals and streamline their operations with the assistance of our services and solutions. The following are some of the ways in which our efforts have resulted in a positive impact:

Enhanced Productivity: Organizations who implement our solutions see huge leaps in their productivity levels as a direct result. They are able to make decisions more quickly and reduce the amount of human labor required thanks to automated processes and real-time reporting.

Enhanced Cash Flow: The supply chain finance and working capital loans that we offer have made it possible for businesses to improve their cash flow. As a result, these companies now have the liquidity they need to make the most of opportunities and weather the storms that come their way financially.

Compliance Confidence: Our GST compliance solutions have provided businesses the confidence they need to navigate India's complex tax landscape while avoiding penalties and fines. This has enabled them to maximize their profitability.

Growth in Financial Status: After implementing our solutions, several of our clients have reported seeing significant growth in their financial status. They are able to make more investments in their companies and extend their operations thanks to improved financial management.

Satisfaction of Customers: By supplying businesses with options for safe and convenient payment, our payment solutions have helped those companies to achieve higher levels of consumer satisfaction.

Data-Driven Decisions: The real-time reporting and company health score tools that we provide give organizations access to data that drives insights, which in turn enables those businesses to make data-driven decisions that are informed and help drive growth.

Access to Capital: We have made it possible for businesses to gain access to the capital they require in order to flourish by offering pre-approved credit cards and business loans.

Our Dedication to Promoting Environmental Stewardship:

At Hylobiz, we are aware of the obligation that we have toward society and the environment. We are devoted to operating our operations in an ecologically friendly manner and are constantly looking for new ways to lessen the impact that our business has on the environment. We are also committed to supporting social activities that make a positive impact on the areas in which we have a presence and where we conduct our business.

Our accomplishments are due to the long hours and unwavering commitment of our very brilliant workforce. Our team is comprised of a diverse range of professionals, including customer service specialists, software engineers, data analysts, and financial experts. What binds them together is a shared enthusiasm for innovation and a commitment to providing excellent value to our clients.

The final word:

In conclusion, Hylobiz is more than just a company that specializes in financial technology; we are a partner to businesses as they travel the road to achieving financial success. We stand out from the competition thanks to the extensive breadth of our service and solution offerings as well as our dedication to pioneering new developments. We are here to empower businesses at every stage of the process, whether it be through the simplification of invoice processing, the optimization of cash flow, or the provision of access to banking services.

Our journey is not yet complete, and we are thrilled to continue developing our products and services to better satisfy the ever-evolving requirements of commercial enterprises in India and beyond. In spite of the fact that we are looking into the future, our commitment to ease of use, adaptability, and effectiveness has not changed. We extend an invitation to businesses to accompany us on this thrilling adventure towards financial autonomy and expansion. Together, we have the potential to accomplish amazing things. We are grateful that you are considering Hylobiz to be your reliable business partner for banking and financial management services. 

We are excited at the prospect of being of service to your company and assisting you in the accomplishment of your financial objectives.

For more information, please call us on phone +917447445974 or visit our website here: Hylobiz

Products / Services

Services

  • Better Invoice Management
  • Collection & Payouts Automation
  • ERP integration
  • Connected Banking
  • Auto-Reconciliation
  • E-invoicing & E-way bill
  • Timely credit
  • Supply Chain Financing

Platform Enhanced Sections and Articles

Article by Siachen Editors to aid the customer in decision making

A Comprehensive Guide to Evaluating a Vendor for Better Invoice Management: 

Written for the client guidance by Siachen editors to help the potential customers of this business in evaluating and zeroing down on the best provider to place the order.

Introduction:

When it comes to selecting a vendor for products or services related to better invoice management, customers must exercise diligence and consider various crucial factors. A vendor's capabilities in areas such as collection and payouts automation, ERP integration, connected banking, auto-reconciliation, e-invoicing and e-way bills, timely credit, and supply chain financing can significantly impact a customer's business operations and financial efficiency. In this comprehensive guide, we delve into these key aspects to help customers make informed decisions when choosing a vendor for better invoice management.

1. Collection & Payouts Automation

Subtopic 1: Streamlined Payment Processes

One of the primary considerations when evaluating a vendor is their ability to automate the collection and payouts processes effectively. Look for vendors that offer seamless payment solutions that simplify the payment collection from customers and payouts to suppliers, employees, or other stakeholders. Automation reduces manual effort, minimizes errors, and accelerates the cash flow cycle.

Subtopic 2: Payment Modes and Flexibility

Assess the vendor's range of supported payment modes and flexibility in accommodating diverse payment methods. A vendor offering a variety of payment options, including online payments, credit card processing, and electronic funds transfer (EFT), provides greater convenience and accessibility for both customers and suppliers.

2. ERP Integration

Subtopic 1: Seamless Data Flow

Integration with existing Enterprise Resource Planning (ERP) systems is crucial for efficient invoice management. Evaluate the vendor's ability to seamlessly integrate their invoice management solutions with your ERP system. A well-integrated solution ensures that financial data flows smoothly, minimizing manual data entry and reducing the risk of errors.

Subtopic 2: Compatibility and Scalability

Consider the compatibility of the vendor's solution with your specific ERP system. Additionally, assess the scalability of the integration to accommodate future business growth and evolving requirements. A flexible and scalable integration ensures that your invoice management solution can adapt to changing needs.

3. Connected Banking

Subtopic 1: Banking Services Integration

Evaluate the vendor's capabilities in integrating with banking services. A vendor that offers a connected banking solution enables businesses to access various financial services, including insurance, loans, bill discounting, utility payments, and tax payments, through a unified platform. This streamlines financial operations and enhances convenience.

Subtopic 2: Security and Compliance

Ensure that the vendor's connected banking platform adheres to robust security protocols and compliance standards. The safety of financial transactions and the protection of sensitive data are paramount considerations when choosing a vendor. Compliance with industry regulations and data protection laws is non-negotiable.

4. Auto-Reconciliation

Subtopic 1: Automated Matching and Reconciliation

The ability to automatically match and reconcile invoices and payments is a critical feature in invoice management. Evaluate the vendor's auto-reconciliation capabilities, which help identify discrepancies and discrepancies promptly, reducing the risk of financial inaccuracies and disputes.

Subtopic 2: Error Handling and Exception Handling

Assess how the vendor's auto-reconciliation system handles errors and exceptions. An effective system should have mechanisms in place to resolve discrepancies efficiently and provide transparency in the reconciliation process. This ensures a smoother invoice management workflow.

5. E-Invoicing & E-Way Bill

Subtopic 1: Compliance with Regulatory Requirements

In regions where e-invoicing and e-way bills are mandatory, ensure that the vendor's solution is fully compliant with regulatory requirements. Compliance is essential to avoid penalties and maintain smooth business operations.

Subtopic 2: User-Friendly Interfaces

Evaluate the user-friendliness of the e-invoicing and e-way bill features. An intuitive interface simplifies the process of generating and managing electronic invoices and waybills, reducing the learning curve for users.

6. Timely Credit

Subtopic 1: Credit Assessment and Approval

When evaluating a vendor, consider their credit assessment and approval processes. Vendors offering timely credit approvals and disbursements can significantly benefit your cash flow management. A streamlined credit process ensures that your business can access the necessary funds when needed.

Subtopic 2: Credit Terms and Flexibility

Examine the credit terms and flexibility offered by the vendor. Favorable credit terms, such as competitive interest rates and flexible repayment schedules, can positively impact your financial stability and growth opportunities.

7. Supply Chain Financing

Subtopic 1: Access to Working Capital

Assess the vendor's supply chain financing solutions, which provide access to working capital for businesses. A vendor offering supply chain financing helps businesses optimize their cash flow by facilitating early payments to suppliers, strengthening supplier relationships, and ensuring a smooth flow of goods and services.

Subtopic 2: Customized Financing Options

Consider the flexibility of the vendor's supply chain financing options. Customized financing solutions tailored to your business's specific needs can provide a significant competitive advantage. Look for a vendor that offers a range of financing options to meet various supply chain requirements.

Conclusion:

In conclusion, selecting the right vendor for better invoice management is a crucial decision that can have a profound impact on your business's financial efficiency and overall success. When evaluating potential vendors, carefully consider their capabilities in collection and payouts automation, ERP integration, connected banking, auto-reconciliation, e-invoicing and e-way bills, timely credit, and supply chain financing.

Each of these factors plays a vital role in streamlining your invoice management processes, improving cash flow, reducing errors, and ensuring compliance with regulatory requirements. By thoroughly assessing these aspects, you can make an informed decision that aligns with your business objectives and sets the stage for enhanced financial management and growth. Remember that the right vendor should not only meet your current needs but also support your future expansion and evolving requirements.

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