Hyderabad, October 2024: Recordent, India’s leading accounts receivable (AR) automation platform for small and medium enterprises (SMEs), has enhanced its platform with the addition of the Zoho Books Connector, designed to streamline and automate AR processes for businesses across India. This integration aligns perfectly with Recordent’s mission to provide SMEs with innovative tools that foster financial resilience and sustainable growth in a competitive marketplace.
Following the success of the Tally plug-in, this new addition will help SMEs to transform their collections and focus on growth. While Zoho Books is a popular accounting ERP platform offering robust solutions for invoicing, expense tracking, and financial reporting, the Recordent Zoho Books connector provides an added layer of specialized AR management. It empowers businesses to optimize collections, assess credit risks, and manage cash flows effectively—going beyond the capabilities of traditional accounting functions. By leveraging Recordent’s AR automation capabilities alongside Zoho Books, businesses gain a comprehensive view of their financial landscape, enhancing their ability to manage and forecast cash flows, address late payments proactively, and improve overall financial health.
The Zoho Books Connector offers significant benefits for SMEs, including real-time data synchronization that automates the syncing of invoices, payments, and customer data, eliminating manual entry and reducing errors. It enhances collection efficiency by automating payment reminders and account statements, saving time and resources. Additionally, the integration provides insights into outstanding receivables for timely actions like issuing legal notices and improves credit risk management to better assess customer creditworthiness and mitigate delayed payments. Overall, centralized financial management streamlines workflows and empowers SMEs to manage all operations on a unified platform.
Mr. Winny Patro, CEO and Co-Founder, Recordent, stated, “This integration with Zoho Books is a significant step forward in our mission to empower SMEs. It not only simplifies AR and collections management but also provides businesses with a holistic view of their financial health, enabling them to optimize cash flow and mitigate risks.”
Recordent’s integration with Zoho Books is designed for growing businesses that rely on efficient AR processes to drive growth and success. SMEs can now automate their collections, gain deeper insights into their receivables, and protect their businesses from credit risks with ease.
About Recordent:
Recordent is a technology platform helping businesses improve collections by credit profiling their customers with payment data; and reducing risk by providing insights into the payment history of customers.The company is closely working with 50+ SME industry associations and plans to continue establishing meaningful partnerships to add value to the association members in their credit management practices by improving collections and reducing credit risk. Along with FSDA India, Recordent has recently engaged tie-up with Bombay Industries Association and Taloja Industries too. In November 2021, Recordent has raised $400,000 in angel funding from the Family Office of Kantamaneni & IIM Calcutta Innovation Park and other angel investors from India and the US. Recordent has also signed an MoU with the International Federation EV Association to build a credit bureau for EV businesses and offer credit risk and collections solutions.
