ABA Bank and Localize collaborate to simplify digital invoicing for SMEs
15/Jan/2024
In a strategic collaboration move, ABA Bank and Localize Tech Solution Co., Ltd have officially launched the highly anticipated feature, Digitalize Invoicing with ABA PayWay, on 12 January 2024. The launch event was held at the Techo Startup Center and marked a significant milestone in streamlining invoicing processes for small and medium enterprises (SMEs).
This innovative development showcases the integration of ABA PayWay's online payment service into LocalizeBook online accounting solution's existing billing features through a seamless API Integration. LocalizeBook users now have the capability to effortlessly generate invoices by automatically linking ABA Bank's KHQR via the Localize system, eliminating the need for direct engagement with ABA Bank.
LocalizeBook further streamlines post-payment experiences by notifying users of the received KHQR payments, updating payment statuses within the system, and automatically issuing receipts to customers. This functionality enhances efficiency and convenience for SMEs, enabling effortless invoicing process management.
Zokhir Rasulov, Chief Digital Officer of ABA Bank, emphasized the impact of this partnership, "Our objective is to provide SMEs with a user-friendly and efficient solution for their invoicing and payment needs. ABA PayWay's integration with LocalizeBook aims to simplify these processes, offering businesses a seamless experience."
While Localize spearheads this collaborative endeavour, the vital role played by ABA Bank as the primary partner underscores its commitment to innovation within the digital invoicing landscape.
The partnership between two entities lies beyond this integration – in May 2023, ABA successfully integrated LocalizeBook to its robust ABA Business online banking platform. Integration of ABA Business with LocalizeBook provides a range of new benefits to the customers by streamlining a significant portion of their manual bookkeeping tasks, minimizing human errors, and delivering up-to-date reporting to support business decisions through automated bank feeds integration and transaction reconciliation.
About Localize:
Localize, a pioneering local digital business, has been at the forefront of providing innovative online accounting management solutions, notably the acclaimed LocalizeBook. With a mission centered around leveraging digital technology, Localize aims to empower small and medium enterprises with robust accounting practices and transparent financial statements.
For additional information, stay updated on Localize's social media channels or join the conversation on their Telegram Channel: LOCALIZECHANNEL.
