Search DubaiPRNetwork.com

Home >> Banking & Investments

Zoho partners with Mashreq

Zoho partners with Mashreq

Wednesday, December 11, 2019/ Editor -  

Share

Home >> Banking & Investments

The partnership brings banking and accounting together in a single platform for businesses in the UAE

 
Dubai - December 10, 2019:   Zoho, a global privately held company that offers the most comprehensive suite of business software applications announced its partnership with Mashreq, one of the leading financial institutions in the UAE to bring connected banking solution in the region through Mashreq NeoBiz. 

With this solution, NeoBiz account holders will have access to Zoho Books, the most powerful VAT-compliant accounting software, to eliminate manual data entry and automate reconciliation.

NeoBiz is the first digital banking proposition in the UAE exclusively aimed at small and medium enterprises to empower them with smart choice to initiate, transact and manage their banking requirements. 
 
Prashant Ganti, Head of Product Management, Global Tax, Accounting, and Payroll solutions, Zoho Corp said, 'Until now, corporate banking and ERP integration was a luxury that only larger businesses enjoyed. We are happy to join forces with Mashreq to equalize this for businesses of all sizes and make everyday banking and accounting easier,' 
 
Rohit Garg, Head of NeoBiz and Business Banking at Mashreq said, “Mashreq continues to be at forefront of digital transformation and we believe that our partnership with Zoho will further enhance customer experience and make banking simple. The collaboration will enable SMEs in the UAE to streamline their business operations by combining seamless banking transactions through NeoBiz and leverage the accounting software of Zoho on a single platform thus increasing productivity and reducing manual errors.”  
 
Benefits of the Zoho-Mashreq partnership: 
  
Single sign-on 
Business owners can seamlessly log in to both NeoBiz and Zoho Books with a single sign-on and securely access Zoho Books right from the NeoBiz portal without additional logins or authentications, making it more convenient for businesses to manage their banking and business finance. 
 
Automatically fetch and reconcile bank statements 
All NeoBiz transactions are automatically fetched into Zoho Books from the NeoBiz account. Zoho Books' powerful reconciliation engine automatically reconciles these transactions with the ones already recorded in Zoho Books and helps recreate missing transactions easily. This saves the time that businesses currently spend on manually entering and reconciling bank transactions. 

Experience smart accounting with Zoho Books 
With NeoBiz, UAE businesses not only have a digitally advanced banking solution, but they can also streamline day-to-day financial operations like invoicing and collecting online payments, run advanced financial reports for deeper insights, and stay VAT compliant.   
 
Pricing and Availability 
Mashreq's NeoBiz account holders get six months of free subscription of Zoho Books. Businesses that don't have a NeoBiz account can apply for one within 20 minutes. Once it is approved, they can instantly access Zoho Books right from the NeoBiz digital portal. 
 
For more information on NeoBiz, please visit https://www.mashreqneobiz.com/en/.  
 
Zoho Books is FTA-approved, VAT-compliant accounting software that includes online invoicing, payments, bank reconciliation, inventory management and more. Run 40+ built-in reports including trial balance, profit & loss, and balance sheet, and generate VAT return reports in the format specified by the FTA. Zoho Books makes accounting and tax compliance a breeze. For more information on Zoho Books, please visit 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Mohamed Sets Early Pace as Adimsc Launches UAE Formula 4 Powerboat Series'

Thumbay University Hospital Launches ‘Center for Imaging' with State-of-the-art ...

Dubai, Riyadh and Nairobi among top 20 ‘most dynamic cities', says JLL

The music is changing: Maserati starts testing its first 100% electric powertrai ...

Martial Arts Based Fitness Trends for 2020

NYUAD faculty awarded prestigious Edwin G. Conklin Medal in Developmental Biolog ...

Consumer Prices Dropped 0.8% in 2019, Reports SCAD

UAE Team Named for First Mena Karting Challenge

Western Digital collaborates with Dubai Festivals and Retail Establishment (DFRE ...

Berkan Steakhouse launches their ‘A Romantic Meat' menu

Rolls-royce Motor Cars Bespoke is Rolls-royce

Discover a vast range of UV Protect Lenses from Grand Optics, the leading optica ...

FireEye Acquires Cloudvisory

Ministry of Health launches Mobile App for diabetes

Commodities in the crosshairs of climate and inflation

UAE TEAM EMIRATES ANNOUNCE PARTNERSHIP WITH ABU DHABI CYCLING CLUB

Medical software company Evolucare Technologies presents its high-performance so ...

Dakar Rally was just the prompt continuation of a flurry of successfully held mo ...

Sergio Garcia and Tommy Fleetwood Tee off at the 2020 OMEGA Dubai Desert Classi ...

Award winning wearable HONOR MagicWatch 2 and Quad Camera smartphone HONOR 20 co ...