Leading online payment solutions provider PayU has integrated with Zoho Books, the GST-compliant accounting solution from Zoho, to ensure a seamless payment experience to the merchants and increase business efficiencies. PayU’s solutions will help the merchants in reconciling payments within Zoho Books and access a full-scale payment infrastructure.
The extension will offer Zoho Books’ customers a way to connect and set up PayU solutions within Zoho Books’ existing platform. With the help of this service, businesses can send invoices with payment links or share invoice links with their customers. As soon as the payment is made, the status of the corresponding invoice will be automatically updated as ‘Paid’ on the Zoho platform. This streamlines and makes the payment collection process faster.
Noopur Chaturvedi, Country Head – Emerging Businesses, PayU India said, “PayU’s vision is to unlock growth opportunities for all businesses and help them prosper in an increasingly digitized world. We are working towards this by building payment solutions, as well as partnering with organizations that share this vision. We are happy to partner with Zoho Books and bring the benefits of a frictionless payment infrastructure to the merchants”.
“With digital disruption forcing several small businesses to go online to stay afloat, businesses are having to take their accounting and management of finances online too,” said Anand Nergunam, VP Revenue Growth at Zoho. “Zoho Books was built to give merchants complete visibility into their finances and help them monitor the flow of money in and out of their businesses. Our partnership with PayU not only helps businesses with payment collection and reconciliation, but also provides the flexibility of letting their customers choose how they want to pay. This combined with Zoho Books’ comprehensive, real-time financial reports, helps improve cash flow, and allows businesses to make smarter business decisions.”