Mumbai (Maharashtra) [India], August 9 (ANI/NewsVoir): Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS)-an innovative Cash Management proposition that simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is an end-to-end proposition, along with a mobile app to automate the reconciliation of receivables against sales invoices raised by clients. Using ARS, Axis Bank clients can customize and automate fully what has traditionally been a very time-consuming, costly, manual and error-prone activity. Clients also benefit from knowing their upcoming/pending payments and gives them real-time control over all their receivables. On the launch of ARS, Vivek Gupta, President and Head-Wholesale Banking Products, Axis Bank said, "Our efforts have been to continuously bring market-leading digital Transaction Banking propositions like ARS that transformationally benefit our clients to
~Felicitated at The Asian Banker Financial Technology Innovation Awards 2022~ MUMBAI, India, Aug. 8, 2022 /PRNewswire/ Axis Bank, India's third largest private sector bank, in partnership with CRMNEXT, the leading digital customer experience platform for banks and financial services, marked the win for the 'Best CRM Implementation' at the Asian Banker Financial Technology Innovation Awards 2022. The event concluded on August 04, 2022 witnessed strong competition from over 200 leading banks across Asia Pacific, Middle East and Africa. The most prestigious awards in the banking industry, it measures both project implementation and sustainable business impact. The audit-based evaluation approach distinguished this CRMNEXT project for what it achieved for Axis Bank - outstanding 230% rise in campaign efficiency rate, 135% growth in product per customer and over 75% improvement in customer satisfaction! The Project footprint includes 35M+ customers and over 80,000 users. The