The positive news for businesses having MSME Registration. The latest news is Effitrac Solutions Partners with RazorpayX. The motive behind this partnership is to empower the MSME sector of India. In this article, we will understand this news in detail.
About Effitrac
Effitrac is simple end-to-end business technology. It is a SaaS(Software as a Service) providing cloud-based business management software.
Using Effitrac, MSMEs can optimize their processes plus save money and time.
In addition, Effitrac allows you to choose packages starting from only Rs. 159 per month.
About RazorpayX
RazorpayX is a new initiative by Fintech giant Razorpay. Razorpay is famous for payment gateways. Now, Razorpay will provide a platform for MSMEs in collaboration with Effitrac Solutions.
The platform will empower MSMEs through payout links, book-keeping in autopilot mode, automated TDS, and give them access to capital services when needed through Effitrac’s Neobooks. Furthermore, RazorpayX might provide payment integration on Effitrac’s products.
Effitrac Solutions Partners with RazorpayX
As per the Founder and CEO of effitrac, The RazorpayX collaboration will allow the clients to create a fully accessible digital current account, same as a bank.
Business owners may focus on developing their business rather than digitalizing financial operations with a straightforward transaction experience, smoothing accounting, and a highly secure, intuitive user interface.
Similarly, RazorpayX will increase our Neobook’s capability and make it a one-stop solution to suit all of these companies’ business transactions demands.
He further states that Neo-banks are a blessing to MSMEs in India for their simpler account establishment, cheap, easy-to-use interface, and unified solutions to monitor money flow between providers and clients.
It will also help you substantially decrease your time spent on financial chores such as reconciliation, monthly compliance payments, checks as well as approvals, money shipments, and documenting transactions.
Razor’s Motive behind collaborating with Effitrac
Effitrac is a Coimbatore-based company. It is the technological growth partner for 500 MSME customers and supports more than 30,000 customers in 13 vertical components.
Effitrac has claimed that the company’s goal is to become a technological growth partner for every MSME in three years. Its partnership with RazorpayX is in line with the company’s objective.
If you want any other guidance relating to the MSME Registration and Udyam Registration, please feel free to talk to our business advisors at 8881-069-069.
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