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…
Category: business
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…
Reasons Why Business Loans Are Financially Beneficial
In today’s cutthroat market competition, a sound financial strategy is what gives edge to an organisation over its competitors. While some rely solely on owned capital, others try to leverage the benefits of debt financing to enhance their organisational competence. Although the reasons to avail a business loan can be aplenty, individuals often shy away from this…
Latest Credit Facilitation Scheme MSMEs Must Know
In 2020, the MSME sector employed over 110 million individuals in India single-handedly. In addition to providing employment, the sector also contributed 48% to exports and 30% to GDP, as per a report on Livemint. Hence, you can already see why the government leaves no stones unturned to boost the sector’s growth and strengthen its…
Types Of Business Loans
In Mark Twain’s words, “The lack of money is the root cause of all evil”, especially when we know how a liquidity crisis can deter businesses from achieving their goals. But as an entrepreneur, you need not worry about NOT meeting your business objectives, especially when you have access to various types of business loans…
How To Promote A Business Online Without Spending A Penny?
“Stopping advertising to save money is like stopping your watch to save time.” – Henry Ford But, then again, thrifty entrepreneurs would love the idea to save on their marketing expenses without compromising on the accompanying benefits. To make such a dream possible, entrepreneurs can consider a few cost-effective branding strategies that go a long…