Krungsri (Bank of Ayudhya PCL) and Express Software Group Co Ltd, developer of ready-made accounting software, collaborate to launch the service of 'Krungsri Bill Payment Online' that links the payment system with accounting software, allowing SMEs to receive payments easily while their customers make payments conveniently and safely. Importantly, SMEs can use the service immediately, thereby reducing IT system development costs.
Miss Ninlawan Jeeraboon, Krungsri Head of Transaction Banking Group, said "Krungsri and Express Software Group have worked together to link 'Krungsri Bill Payment Online' with the ready-made accounting software using API technology. This collaboration will help SMEs overcome the limitations of IT investment for system connection as well as simplifying the process of invoice management and account reconciliation. The system will generate a QR code on the invoice of the SME merchant so that customers can pay by scanning the QR code immediately. This is the first convenience offered by the system. Simultaneously, when customers make the payment, the system will proceed with auto invoice matching and perform real-time account reconciliation. This process effectively assists SMEs in accounting and financial management, providing further convenience. The solution will be beneficial for small SMEs as they can access payment technology without having to invest huge sum of money and IT resources to write the program on their own."
"This is one of our strategies this year - to use our expertise in API technology to connect to various systems so as to help businesses receive payments in an easier, more convenient and faster way. It is an innovation stemming from understanding customer's business and developing it to make the change for maximum benefit."
Mr. Sutat Sakulniwat, Co-Founder and General Manager of Express Software Group Co. Ltd, said "Express has been in business and has worked closely with SMEs for a long time. We continue to develop solutions to cater to business customers and we have been looking for partners who understand and share the same goal of helping SMEs conduct business nimbly and grow strongly. 'Krungsri Bill Payment Online' solution reflects in-depth understanding of the behaviors and limitations of SME entrepreneurs. It was developed to support and elevate payment service to the next level. I strongly believe that this will be another solution that meet the needs of SMEs, enabling them to access payment technology effectively."
Currently, Express Software Group is a Thai-nationality developer of ready-made accounting software with more than 37 years of experience and expertise and has more than 95,000 business customers using both on-premise and on-cloud models with a 24-hour customer support system.
Special offer for SMEs that link their accounting system with Express: Transaction fee for collection of payment made through the channel of 'Krungsri Bill Payment Online' is waived from today until 30 June 2025!