TechNVision Ventures Launches Solix ECS for Finance Teams

TechNVision Ventures Limited announced through a stock exchange filing that its affiliate, Solix Technologies Inc., has launched Solix ECS, an intelligent document management solution tailored for accounting and finance teams.

The company stated that outdated paper-based and fragmented file management systems can significantly hamper productivity in today’s dynamic business environment. Solix ECS leverages advanced cloud and AI capabilities to revolutionise document management, enhancing efficiencies across payments, collections, vendor or customer onboarding, audit queries, compliance, and insights delivery.

Unlike competing solutions that can be costly, Solix offers a fully managed SaaS platform starting at $99 per month for teams of up to 50 users, translating to as little as $2 per seat per month. Based on storage rather than users, this pricing model makes AI-driven finance transformation accessible to businesses of all sizes and across various applications. Despite its affordability, Solix ECS maintains robust features, including enterprise-grade workflow, compliance, and governance support.

Solix ECS offers comprehensive features tailored for modern accounting and finance teams. It includes cloud-based document management with role-based access for enhanced productivity and remote accessibility. It also provides AI-driven document processing that optimises tasks like accounts receivables and payables, while automated workflows streamline invoice approvals and audit preparations.

Solix ECS provides advanced data protection with AES 256-bit encryption, redundant storage, and compliance certifications to ensure the secure handling of financial information. Efficient search and metadata management facilitate quick document retrieval, supported by file and email archiving for compliance and historical records. It also provides audit trails, reporting capabilities, and robust compliance tools to further enhance operational efficiency and regulatory adherence.

Commenting on the launch, the Vice President of Enterprise Content Platforms at Solix, Kalyan Manyam, said, “According to findings from the 2023 Gartner® Al in Finance Survey, less than 10% of organisations are using Al in their finance function or scaling Al usage in finance to larger groups of users. This puts finance 2X behind in the adoption of Al compared with organisations’ administrative support functions. Solix aims to bridge this gap.”

He further added, “Solix ECS, our Cloud and Al-powered document management system, offers an affordable enterprise-grade solution for finance teams across businesses of all sizes to accelerate their Al adoption and drive transformative improvements in their finance functions.”

On July 2, 2024, the share price of TechNVision Ventures Ltd opened at ₹2727.75, touching the day’s high at ₹2727.75, as of 10:40 AM on the BSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.