Cashfree Payments launches ‘Vendor Payments’ to empower businesses to streamline purchase-to-pay cycle

Bengaluru, August 22, 2023: Cashfree Payments, India’s leading payments and API banking solutions company, has launched ‘Vendor Payments’, a comprehensive platform that empowers businesses to streamline and manage their purchase-to-pay cycle, improving efficiency and reducing processing time. ‘Vendor Payments’ simplifies not only vendor payments, but other account payables including utility bill payments, other business expenses and due taxes.

‘Vendor Payments’ enables users to effortlessly upload invoices received from suppliers and other account payables by either manually entering the details or importing them from accounting tools. The solution also supports bulk invoice uploads, enabling businesses to process multiple invoices simultaneously for improved efficiency. Similarly, businesses will have the flexibility to add beneficiary details for payments and easily input invoice details. Once the invoices details are updated, businesses can initiate single or bulk payouts for the unpaid invoices.

‘Vendor Payments’ supports various payment modes, including Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Interbank Funds Transfer (IFT), and Unified Payments Interface (UPI), ensuring flexibility. ‘Vendor Payments’ seamlessly integrates with popular accounting tools like Tally, Tally Prime, and other ERPs for seamless syncing of unpaid invoices and payment statuses. Integration with accounting tools allows for easy export and reconciliation of payment data.

Akash Sinha, CEO and Co-Founder, Cashfree Payments, said, ”We are excited to announce the launch of ‘Vendor Payments’, a solution designed to simplify the vendor payment process for businesses. With this new product, our goal is to provide businesses with a comprehensive platform to manage the purchase-to-pay cycle, and other account payables and tax payments, streamlining processes and improving efficiency. ‘Vendor Payments’ represents a significant step in revolutionising how businesses manage their accounts payable processes, empowering them with efficiency, accuracy, and control. Cashfree Payments remains committed to innovation and enhancing our offerings to meet the evolving needs of businesses.”

‘Vendor Payments’ offers a ‘Maker Checker Flow’ feature that ensures secure approval processes by defining access levels for stakeholders, reducing the risk of unauthorised payments. It provides detailed invoice reports that can be generated for internal audit purposes, providing comprehensive information on invoice numbers, dates, payment terms, beneficiaries, and transfer modes.

With over 50% market share among payment processors, Cashfree Payments today leads the way in bulk disbursals in India with its Payouts and is also among the leading online payment aggregators. India’s largest lender, SBI invested in Cashfree Payments underscoring the company’s role in building a robust payments ecosystem. Cashfree Payments works closely with all leading banks to build the core payments and banking infrastructure that powers the company’s products. Cashfree Payments is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm, and Google Pay. Apart from India, Cashfree Payments products are used in eight other countries including the USA, Canada, and UAE. Cashfree Payments has also joined the Account Aggregator framework as a TSP, a global techno-legal framework that enables individuals to share their financial data quickly and securely, with their consent, with any regulated financial institution of their choice

ASTT. INDIA: Unfolding the New Landscapes of the Luxury Industry

Luxury can mean different things to different individuals; for some, it’s about having the money to do anything they like, while for others, it’s about being able to do whatever makes them happy. We marketers make it seem like both of those things, so they’re both true. We consider the ability to arouse desire in the target market to be a key marketing strategy. How? By carving out a distinct market niche and positioning the brand accordingly. Look at all the high-end labels, and you’ll see that they’re not just rivals, but the rivals in need. Our new focus is on collaborating with brands that aren’t afraid to speak up, and we’re here to assist them to do the same for others as they carve out a niche in the market. In keeping with the philosophy of our founder Sakshi Sasane that “brands are like babies, they need equal care, nurture, and love in order to grow healthy and never go off-track,” serial marketers like to treat businesses with the same tender loving care as they would a newborn.

According to our research into the economy of luxury brands both during and after COVID, we found that, with the exception of luxury brands, ordinary brands were only negatively impacted by the event, while the latter experienced a growth spurt. The economic downturn is serving a similar purpose. The narrow clientele who regularly spend their money on luxury brands has the attitude of “to live or let live” in the face of adversity.

“EVERYBODY IS RICH” Mentality.

Creating desire in the luxury market requires delving into the sales funnel, which may be deciphered here. One of the most crucial is using consumers’ feelings towards them; in fact, it’s estimated that 90% of customers have made a purchase while having no intention of doing so. For simplicity’s sake, let’s just say that building desire entails telling people their dreams and forcing them to live in them. Want is born out of the experience. Need gives rise to want. When there is a need, suppliers will appear. When it comes to the high-end market, Supply generates PR and marketing. Even in today’s digital world, people still want to know: “How do we get people talking about our luxury brand or any brand?” Make an impression, put yourself in the shoes of those that matter, maintain a high standard of excellence, be both transparent and critical, and show some historical perspective. Looking at brands and sales from a retail viewpoint requires convincing the target market that “oh, they’re rich, they’re abundant, they need it because it’ll degrade their value, etc.”

Astt. India- means every brand has a story to tell. We maintain that every brand has its own personality, history, market worth, backstory, and journey. It’s not about fame and fortune, but rather the number of people you can persuade. How solid is the foundation of your brand?

Our founder had the chance to work with a premium luxury brand that curated collections for Queen Elizabeth II, and she says that the brand’s foundation was so strong in their regional area, but that they were still lacking in the Metropolitan cities. After repositioning the brand, sales increased by 80% in just three weeks. At 21, she hit the target right on the nose.

Similarly, astt. India has a solid foundation in studying the luxury market thanks to the 6 years of experience and insatiable curiosity of our founder. We have faith that with our help, every brand can become a leader in its field and an exemplar of its beliefs and principles.

The twin expos HIMTEX and IPEC concluded on a positive note

A lot of exhibitors received firm orders

Hyderabad, August 22, 2023…..HIMTEX, the machine tools expo and IPEC, the machinery and equipment manufacturers expo held concurrently at Hitex, Madhapur in the city concluded on a positive note.

The twin expo together had 285 stalls and did a brisk business. Many exhibitors received firm orders.

According to Mr Harsha CS, AGM of Philips Machine Tools Pvt. Ltd, one of the largest suppliers of state-of-the-art manufacturing equipment in India, received firm orders from five customers and seven more are in the pipeline. Its product range includes Milling, Turning, Grinding, Additive manufacturing, Wire Cut EDM etc. Telangana is one of the potential markets for our products, he said

Bharat Fritz Werner Ltd (BFW), a Bangalore headquartered company that builds machines for both turning and milling functions, too has received very good responses from industries in Telangana. According to Dattatraya Kulkarni, Associate Vice President, Sales and Marketing, they received seven confirmed orders for machinery that range from Rs 30 lakh to 50 lakhs and more are in the pipeline. Telangana markets contribute 10 to 12% of its overall sales.

Raghuraj Ananthoj, Business Head of Dynamic Technologies, which is an authorised distributor for Jergens and Southco, which offer lifting and locking solutions, did a very good business. The company has received orders from over 150 customers. It provides machinery and tools to industries which are into Aerospace, Defence. We bagged orders from Tata’s to Mini MSMEs, he said.

B.S. Prasad, Managing Director of GMT Engineers Pvt. Lt, a Chennai Headquartered with a branch in Hyderabad, says their punching, binding and laser bending machines have received a very good reception from the local industries. They have received firm orders from five companies and 25 more are in the pipeline. These orders are worth Rs 4 to 5 crore when executed, he said. We have been operational in the Telangana market for the past 23 years. It is a big market for us, he added.

Hardik Solanki, Regional Sales Head of Jupiter Roll Forming Pvt. Ltd, a Rajkot-based firm is in the roofing sheet machine manufacturing business. Hyderabad is the best market for us in India. We sold more machines here than in any other market in India. We have booked ten orders, during the last four days, he said.

Mr Arun, MD of Pune-based Nisha Engineering Works too was happy as they booked over 25 machines. Hyderabad is a potential market for us, he said.

Hitex gave away awards to some of the stalls based on their excellence decided by a jury. Sahajanand Laser Technology received the Best Innovative Product Award; Suresh Indu Lasers Pvt. Ltd, Best Metal Forming Technology Award and BJW Best Metal Forming Technology Award.

According to Srikanth TG, the Business Head of Hitex, the organisers of these two exhibitions, Technological Superiority and the latest innovations in machinery manufacturing and the machine tool industry which were showcased attracted nearly 10,000 business visitors, who registered well in advance. Some of the business visitors include the representatives of companies such as DRDL, Zen Technologies, Nuclear Fuel Complex, Adani Aerospace, Kalyani Rafael, DMRL, Avantel Limited, ASACO, MTAR, BHEL, BEL, Suri Engineers, Azad Engineering, Ordnance Factory, Brahmos Aerospace, BEL, Comprotech Engineering Private Limited, Skyroot Aerospace, Azad Engineering, HAL, BrahMos Aerospace, Nucon Aerospace, BDL Kanchanbagh.

Government Of Telangana, MSME – DFO, Indian Institution of Plant Engineers (IIPE), Ludhiana Machine Tool Manufacturers Association, Ludhiana (LMTMA), The Federation of Telangana Chambers Of Commerce And Industry (FTCCI), SIDBI supported these exhibitions.

Uncommon Grit Foundation Celebrating Its Fifth Annual Bone Frog Open Golf and Music Weekend

Richmond, VA, August 21, 2023 — Uncommon Grit Foundation (UGF), a nonprofit serving military veterans, first responders, and their families, is preparing for its fifth annual fundraiser, The Bone Frog Open, presented by CDW and Dell Technologies, which takes place October 15-16.

The Bone Frog Open was established in 2019 to honor fallen U.S. Navy SEALs and has raised over $700,000 since its inception. More than just a golf tournament, this unique multi-day event features well-known and reputable sponsors, patriots, friends, special guests, and live music. Above all, the Bone Frog Open honors fallen U.S. Navy SEALs, while raising awareness and money to support military, first responders, and their families as a way of thanking these men and women for being the ones to run toward danger, not away from it.

Past Bone Frog Open VIP attendees have included John Daly, Jim McMahon, John Rich, Tim Watson, Tim Montana, Southerland, several Navy SEALS, and always some surprise guests.

The fifth annual Bone Frog Open will be emceed by comedian and Armed Forces Insurance Air Force Spouse of the Year, Ashley Gutermuth. Ashley appeared on “The Tonight Show” with Jimmy Fallon where she was chosen by Jerry Seinfeld to win the “Seinfeld Challenge.”

UGF was founded in the Richmond, Virginia, area in 2020 by Darren McBurnett, Navy SEAL, Ret. As a 24-year Navy SEAL, the initial Bone Frog Open was his way of giving back to the military and first responder community. McBurnett says, “In the SEAL Teams, we always took care of each other. That is our charge with Uncommon Grit Foundation—take care of those who took care of us. Our driving force is, ‘If not us, then who?’”

Bone Frog Open has grown each year as has the reach of UGF. This year, five grantees have been identified as recipients of the proceeds. These grantees train service dogs for post-9/11 veterans; feed military families dealing with food insecurity; support young men who lost a military or first responder father through healing camps; cover or reduce the cost for police officers to receive Brazilian Jui-Jitsu training; and uplift military and first responders across a breadth of services.