IRIS Business introduces a joint ‘Go To Market' with Hylobiz; stock zooms ~2%

24 Nov 2022 , 09:31 AM

The partnership between IRIS Business Limited and Hylobiz aims to help businesses with automated cash flow, business banking, compliance, and commerce digitisation, resulting in easier credit access for business growth.

The offering will accurately track outstanding bills and will digitally automate invoicing, payouts, and collections to address the primary issues that stymie business cash flow and growth.

The combination of the Hylobiz platform’s technological excellence and financial expertise, combined with IRIS’ state-of-the-art GST compliance services ecosystem, will drive the desired business goals of SMEs, corporates, freelancers, distributors, manufacturers, traders, wholesalers, and all other B2B businesses across industries.

IRIS was recognised as an authorised Invoice Registration Portal (IRISIRP) in July of this year, allowing businesses to register their invoices and other prescribed documents and generate IRN for their B2B transactions. Businesses can use IRISHylobiz to connect their ERP Accounting systems to IRIS-Hylobiz and gain access to connected ERP and GST facilities.

Reconciliation that is automated, digital e-invoicing, Automated reminders, e-way bills, smart tracking and automation of pay-outs and collections, quick settlement, access to account balance and statement, and beneficiary management are just a few of the top and most important features that any business can use to improve operational and cash-flow efficiency, stated the company in its press release.

IRIS Business Services is the only listed Indian Fintech company that provides a stack of structured data solutions to organisations around the world.

At around 9.28 AM, IRIS Business was trading 1.82% higher at Rs86.80, against previous close of Rs85.25 on NSE. The counter hit intraday high and low of Rs88.05 and Rs82.05 respectively so far.

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