INFOMAN offers direct integration with Leading Banks of India.
Between manual spreadsheets, account checks, and fraud risks, traditional payment system leaves too much room for error. With manual data entry, you are exposed to two major threats every day:
Human Error: A single misplaced digit can lead to wrong payouts, delayed vendor payments and hours spent chasing banks to rectify the mistake.
Internal Manipulation: Without tight system controls, Excel payment files can be altered even after approval.
There is a safer and faster way to minimise errors & confirm Beneficiary details so that payments are done to correct party.
Solution : Zero Manual Intervention : Initiate, approve, and release payments using INFOMAN.
What are the benefits of using Automated Vendor Payment System over Manual Process ?
Mr Sanjay Koul, Sanjay.Koul@acsinfotech.com