Account Creation while Importing Contacts

Hi All,

The context is importing contacts to the CRM through csv files.

On importing, is there any way to create new account records which are not already present in the CRM. The contact record's "Company" field(in the csv sheet) needs to be same as the  "Account Name" field value for the new creating account records. Simply, during the import process I want to create new account records for the non-existing companies(account name) in the sheet and link new contact and its account.

Thanks...