YEREVAN, September 22. /ARKA/. As part of the collaboration between Acba Bank and Armenian Programs, banking operations and accounting have been combined into a single, integrated system.
Acba Bank has connected to Armenian Programs’ cloud-based platform “AP-Corporate Bank,” which will allow businesses to conduct financial transactions directly from the accounting system, the bank’s press service reported.
As part of this collaboration, banking operations and accounting have been combined into a single system. The new solution is primarily aimed at small and medium-sized enterprises, as well as corporate clients.
The system allows for banking operations and payments, as well as statements, to be processed directly from the accounting program, without having to switch between different systems.
As noted in the announcement, the technological solution reduces the volume of repetitive technical operations and financial administration. Users no longer need to export or upload files and re-enter the same data. Financial flows are managed on a single platform, speeding up processes and improving data accuracy.
“We strive to make our clients’ lives easier with new solutions. This particular collaboration is primarily focused on small and medium-sized businesses and corporate clients, and I think the proposed solutions will be convenient and effective for them,” said Acba Bank CEO Hakob Andreasyan.
Ashot Khachatryan, founder and director of Armenian Programs, noted that Acba Bank was one of the first to adopt the company’s proposed solutions.
“We called the system ‘AP-Corporate Bank,’ and with it, all necessary data is transferred directly to the bank with a single click. It’s important to note that the data is transferred from the accounting system, not from a computer. The same works in the opposite direction,” Khachatryan said.
According to Akob Hakobyan, Director of SME and Corporate Business at Akba Bank, the project’s goal is to create an environment where companies can conduct everyday financial and banking transactions without switching between different systems.
“As a result, they will be able to significantly save time and invest it in developing their business,” Hakobyan noted.
The bank stated that it will continue to implement innovative tools aimed at improving business management efficiency in Armenia.
