The first wave of COVID-19 has exposed the flawed nature of the global health and economic structure. Accordingly, many businesses, regardless of their size and operation scale, have crumbled under this pandemic’s impact. Indeed, the demand and supply have been slower due to the global financial crisis and a pandemic-induced lockdown. To top it all,…
Category: business
RBI’s Liquidity Boost: Key Takeaways For MSMEs
With the COVID-19 second wave hitting hard, the country’s economic recovery has gone for a toss. During these difficult times, the Reserve Bank of India (RBI) has come to the rescue for several industries, aiming to mitigate the financial pressures, especially for the MSME sector, which has been struggling due to the unforeseen spike in…
Can Invoice Financing Be Beneficial For SMEs?
The SME sector is widely touted as the Indian economy’s engine of growth. As per a report shared by FICCI, this sector is responsible for creating over 11.10 crore jobs in the nation. Small and medium enterprises also make up around 40% of India’s export and 45% of its manufacturing output. Access to business loans…
Ease Your Cash Flow & Vendor Management With Discounting Platforms
Small and medium businesses often find themselves in cash flow crises and debacles of improper resource management. Often these arise due to lengthy credit periods to customers. Thus, more businesses are embracing invoice discounting as a viable means to bolster working capital. Resultantly, discounting platforms are gaining momentum, striving to streamline and simplify the process…
Will The COVID-19 Vaccine Help Recover The Indian Economy?
The disruption that the pandemic has ushered in requires no explanation, as one can find its direct repercussion in the form of a massive global financial contraction. Amidst these uncertain times, wherein India has rolled out vaccination in a phase-wise manner coupled with Union Budget providing the right growth impetus – the question resounding is…
The Enigma Of Invoice Discounting & Financing Receivables
Though some businesses often refer to invoice discounting and financing receivables as an ‘enigma’, it’s safe to say they are not mysterious in any aspect. The reason why most businesses struggle with invoice financing is often because of inadequate knowledge about it. In case you are having some difficulty understanding the concept of invoice discounting…
Is A Bill Same As An Invoice?
In the world of business, one can often notice that the terms “bills” and “invoices” are used interchangeably as both of these commercial documents contain details of a sale. However, you must note that despite the various similarities between the two, they are not completely identical and are meant to fulfill different purposes. Sounds interesting,…
Manage Your Working Capital Efficiently In 2021
Working capital is an essential element in evaluating the business’s long-term financial health, irrespective of its size. It is a simple metric where companies can analyse their runway by comparing their current assets against their liabilities. A high working capital translates into sufficient liquidity, operational competence, and raised profits. The pandemic outbreak has raised arduous…
How Is Fintech Transforming The Digital Lending Services Across India?
“We’re witnessing the creative destruction of financial service, rearranging itself around the consumer. Who does this is in the most relevant, exciting way using data and digital, wins!” – Arvind Sankaran According to the Ernst and Young Global Fintech Adaptation Index 2019, India has increased its fintech adaptation growth to 87%. However, the adaptation…
Looking To Measure Your Company’s Financial Health?
The available working capital of a business provides a measure of its short-term financial standing. When faced with a shortage of working capital, enterprises often opt for working capital loans to fulfil this inadequacy. However, lending institutions scrutinise a business’s financial health before they extend financing of this sort. It is, therefore, crucial that business…