Businesses are introducing multiple budgeting and planning sessions to develop profitable strategic steps for their companies to follow amidst the looming economic crisis. The pandemic and its repercussions have helped them build teams to forecast, develop, classify various recovery strategies, and work on essential performance indicators. On the other hand, businesses that witnessed the pandemic’s…
Marketplace Lending For Your Invoices
Do you know the world’s first marketplace lending, ZOPA, was founded in 2005 in the United Kingdom? In its initial stage, the marketplace lending structure served as a platform, which facilitated contact between borrowers and lenders directly or through peer-to-peer. Over the years, this type of lending system has undergone several changes and has evolved…
Inside Sales- The New Backbone In The Current Era
Inside sales has recently been twice as effective as it was, given the constant influx of modern technology to help in the sales processes. With the right technology, businesses can reach out to more and more leads, identify the potential prospects, and focus on those that are likely to make a purchase. In light of…
How Is Technology Transforming The Invoice Discounting Space?
In theory, invoice discounting is an excellent financing solution. Cash-strapped businesses can release their locked-away funds in unpaid invoices at a discounted rate to meet several short-term obligations. Be it taking up a new project or paying suppliers in advance; invoice discounting plays a vital role in maintaining a healthy and smooth-running supply chain. However,…
SME Financing: A Variety Of Options Available To Suit Your Needs
Survive – Adapt – Thrive. No enterprise has ever tasted success in one day. It’s a rigorous process of first surviving the competition, then adapting to the market dynamics, and finally thriving by scaling continually. What are the key ingredients of success? Per the business doyens, it’s always a sound organisational structure and savvy financial…
5 Key Benefits Of Business Financial Planning
Tony Robbins has truly explained that setting goals is the very first step of turning the invisible into something visible. It is no news that we do not rely on what has already happened, but make plans for the future. Like every other plan, a sound financial plan tends to keep you focused and stick…
The Impact Of Technical Recession On The Indian Economy
The pandemic-induced economic crisis came as an exogenous shock, creating a multi-sectoral impact and entailing a speculative future for economies and industries worldwide. The pandemic widened gaps in the global political and economic order, which was already faltering under trade wars. Several nations are reeling under the resultant implications of lockdowns and sporadic economic activities.…
MSME Delayed Payments: Bill Discounting Platform To End Cash Flow Crisis
Did you know an annual report on MSME in 2018-2019 stated that these enterprises contribute to at least 30% of the country’s output? The report also stated that the sector was responsible for creating 120 million jobs. But like most other business sectors, MSMEs also struggle with delayed payments. As a result, they often find…
How Can Invoice Financing Increase Your Business Cash Flow?
As a business owner, you should always remember – “Revenue is vanity, profit is sanity, but cash is king”. Cash is indispensable because most of the operational activities depend on it. To be precise, the growth and liquidity of a company depends on how readily cash is available in a business. However, often due to…