Mumbai, 16th February 2023: Vayana Network, one of India’s largest trade finance platforms, announced the expansion of their international business operations via their subsidiary arm, Hylobiz. A B2B supply chain network, Hylobiz launched its business in Indonesia in partnership with Accurate and Brankas. This partnership will empower businesses in Indonesia with connected business software, especially accounting & POS (point of sales), and connected banking services for faster cash collections and strong cash flow, enabling steady business growth. With this, SMEs in the Southeast Asia market will have the opportunity to witness positive business transitions and financial stability.
Through this partnership with Hylobiz, Accurate will act as the SME Accounting-POS Software partner and Brankas will be the Open banking partner to empower MSMEs with improved cash flow and steady growth. Digitization of receivables, collections with payment links, automated payment reminders, automated reconciliations in real-time, and smart tracking of payments are some of the top and most needed features available with connected ERP and connected Banking capability established through the synergy of the trio.
Hylobiz will help businesses to digitise invoices and collections overcoming the crippling issues related to cashflow and business growth. Speaking on the launch of operations in Indonesia, Vishal Gupta, CEO Hylobiz, said, “Hylobiz has been addressing the cash collections, payouts, and real-time reconciliation for the businesses across India, UAE and the USA helping 250K businesses for growth on their cashflows. With Accurate and Brankas we aim to serve b2b SMEs in Indonesia better through ZERO process change, for faster invoice collections and embedded finance for their business growth.”
With Accurate, Hylobiz shares a joint vision to enable Accurate’s SME customers to achieve Cashflow and Compliance automation and thereby offer Credit (Embedded Trade Finance) through partner FIs, with Accurate ERP continuing as the customers’ primary application interface.
“We (Accurate) are very happy to be partnering with Hylobiz. As we enter the modern era, we believe that everything must be efficient, everything needs to be fast. Hopefully accurate as business software especially Accounting Software & POS can be a solution for SMEs customers with a take line #Bisnisjadimudah on developing their own business.” said Yosep Stephen as CEO of Accurate.
With Brankas, Hylobiz shares a joint vision to enable business growth for Indonesia’s SMEs with cashflow automation by leveraging Open Banking technology. “Embedded finance is set to have a massive impact on business innovation in the coming years, and we believe the use cases today are only just the beginning. We are excited to see the increasing usage of Brankas APIs by organizations across a variety of industries in Indonesia, and share Hylobiz’ vision to drive faster collections for its customers”, said Husni Fuad, Country Manager Indonesia, Brankas