Acba Bank and Armenian Software have combined banking operations and accounting into a single integrated system. According to the bank’s press service, Acba Bank has joined Armenian Software’s cloud platform, AP-Corporate Bank (ՀԾ-կորպորատիվ բանկ), allowing businesses to carry out financial transactions directly from their accounting system.
The new solution is designed primarily for small and medium-sized enterprises as well as corporate clients. It enables users to make banking transactions and payments and to work with statements directly within their accounting software, without switching between separate systems.
The bank says the technology reduces repetitive technical tasks and financial administration. Users will no longer need to export or upload files or re-enter the same data multiple times. Managing financial flows through a single platform is expected to speed up processes and improve data accuracy.
“We aim to make our clients’ lives easier through new solutions. This cooperation is mainly focused on small and medium-sized enterprises and corporate clients, and I think the solutions offered will be convenient and effective for them,” said Acba Bank Chief Executive Officer Hakob Andreasyan.
Ashot Khachatryan, founder and director of Armenian Software, said Acba Bank was among the first to adopt the company’s proposed solutions. He noted that the AP-Corporate Bank system transfers all required data directly to the bank with a single click, and importantly, the data is sent from the accounting system rather than from a computer. The same mechanism works in the opposite direction as well.
According to Hakob Hakobyan, Acba Bank’s Director for SME and Corporate Business, the project is intended to create an environment in which companies can carry out day-to-day financial and banking operations without moving between different systems. “As a result, they will be able to save significant time and direct it to the development of their business,” he said.
The bank also said it would continue introducing innovative tools aimed at improving business management efficiency in Armenia.
