Wegofin’s latest platform is all set to redefine financial management for businesses

Are you struggling with payments and financial management for your business? The brand new offering from one of the world’s first multi-faceted business banking platforms, Wegofin, is all set to redefine how businesses engage with financial services and manage their banking needs. The new product is being launched at the upcoming Global Fintech Fest 2024 at Jio World Convention Centre in Mumbai on August 29. 

Leveraging the power of Artificial Intelligence (AI), the latest product offering brings innovative financial solutions to your fingertips as you see an overview of your payments — both money received and spent, as well as the Receivables and Payables on one single dashboard. You can automate banking tasks and receive real-time updates for optimised account activities. 

In a single window, you can get an overview of all the recent transactions made for the business, giving you complete visibility of what is happening. You can track all sales, purchases, and expenses and even make bulk payments with a few taps of a screen. The platform also allows you to create invoices and send them in just one click. You can also access a virtual account as you use it to add, collect, and send money. The big advantage it offers is that you can get instant notifications for all your transactions, as it automatically categorises all your spending under different heads. 

This all-in-one platform is a boon for businesses that operate with multiple bank accounts. As a business, you can experience connected banking and payroll through the Wegofin app which allows you to connect all your current accounts and manage them from one location. The platform offers personalisation of accounting and tax management through journal entries, automated ledger, automated trial balance, and accounting software integration.  

Another major challenge faced by businesses is payroll management. The latest solution fixes that for you as you can automate the entire process, including generating payslips month after month, calculating salary amounts, and taxes and deductions. All you need to do is load the balance and run the payroll solution. Even for making vendor payments, which is a cumbersome and time-consuming process for most businesses, the streamlined payout option in the platform makes the entire process easy and seamless. 

The process of setting up the account is simple and fast. The KYC (Know Your Customer) process is streamlined in the new user-friendly onboarding process so you can sign up and sign in with ease on the advanced platform. All you need to do is complete these simple steps and the KYC formalities and start using the account immediately. 

This latest innovation from the house of Wegofin is redefining the way businesses bank and manage their finances. Wegofin develops a connected banking platform for business payments, thereby simplifying the process of sending, receiving, and reconciling payments for businesses. Its existing platform includes a digital business account that can be activated using a fully digital onboarding process and comes with integrated goods and services tax (GST) complaint invoicing, bookkeeping, payments, Application Programming Interface (API) banking, Payroll, and many more. 

“Here at Wegofin, we believe in the power of technology to transform lives. That’s why we are dedicated to harnessing the latest advancements to deliver a banking experience that’s not only seamless but also deeply personalised,” said a Wegofin spokesperson.

The company offers an API platform that provides digital banking services for businesses. Wegofin strives to help businesses both small and big to run everything right from their banking, payments to accounting, and expense management, tax filing, all together. This way they can focus on doing things that matter the most and grow their business.

About Wegofin 

Wegofin was started by Prabhu Kumar to create a solution that would simplify and streamline business banking and cater to the unique needs of both large and small to medium-sized enterprises.

The platform offers a comprehensive suite of AI-enabled products and services that cater to various aspects of business banking and financial management. This includes:

Connected Banking Platform: A platform that integrates all banking services into one cohesive system.

AI-Driven Insights: Utilises AI algorithms to provide real-time financial analytics, predictive insights, and automated decision-making, enhancing the accuracy and efficiency of financial operations.

Connected Banking, API Payouts (IMPS, RTGS, NEFT): AI-powered API payouts supporting IMPS, RTGS, and NEFT transactions.

UPI Collections and Disbursals: Efficient handling of UPI transactions with AI-enhanced features for seamless collections and disbursals.

Enterprise Fintech Solutions: Tailored fintech solutions backed by AI’s power to meet the needs of banks and enterprises.

Digital Taxation: AI-powered Simplified digital tax filing and compliance.

Integrated Unified Solutions: Comprehensive solutions that unify various aspects of financial management.

Payroll and Accounting Suite: A complete suite for managing payroll and accounting using AI.

Expense Management: Tools for efficient tracking and management of expenses.

Online Remittance: Secure and efficient online remittance services.

Fraud Prevention and Chargebacks: Leveraging AI to prevent fraud and manage chargebacks.

With its AI-driven approach, Wegofin enhances operational efficiency to deliver a personalised and secure banking experience, enabling businesses to lay their focus on growth and innovation.