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EnKash launches Olympus, an industry full stack business platform

By Gloria Mathias

July 17, 2023

  • All-in-One Payments
  • B2B Accounts Payables
  • B2B Accounts Receivables

EnKash, Olympus, Spend management platform, Business platform, India, Full stack Olympus, by EnKash is focused on startups & small to midsize businesses and comes with “plug & play” integration capability in completely DIY mode. It provides a highly cost-effective and superior experience to streamline payables & collections.

Businesses can onboard themselves with an easy 2-step process without disrupting their accounting, policies, processes & banking relationships.

Olympus is a powerful technology stack designed to empower businesses with greater efficiency and 100% accuracy in accounting and auditing processes. It also automates repetitive manual processes such as transaction entries, bank reconciliation, payment management, collection management, expense tracking, and invoice management.

The platform facilitates end-to-end AP management through features like remittance automation and real-time automated payment entry into the underlying accounting platform. However, its unique selling proposition (USP) is its receivables management feature.

Olympus handles the entire collection cycle, from invoice delivery to payment reminders to real-time reverse entry into the accounting software for online and offline transactions. Smart algorithms integral to the Olympus stack intelligently solve complex reconciliation and reporting tasks.

Hemant Vishnoi, Co-founder, EnKash said, “With the launch of Olympus, we have used our team’s experience & expertise to assist them in adopting tech-based solutions. Being pioneers with a steep & long learning curve in this space, the team is doing a fantastic job of providing innovative offerings to businesses that lacked experience and accessibility of financial & non-financial products.”

Additionally, the integrated analytics dashboards provide detailed MIS to help CXOs and decision-makers derive actionable insights by leveraging the power of data consolidation across multiple aspects of their business.

“Traditionally, businesses have remained highly underserved, as most enterprise-grade banking solutions are designed based on the requirements and budgets of large enterprises. At EnKash, we understand this gap in the market and are committed to innovating tech-first products for the mid-sized business segment. It is specially designed to meet Accounts Payable and Account Receivable automation requirements of MMEs and comes at a feasible price to meet their budgets.” Vishnoi added.

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