India witnessed nearly 3,500 crore digital payments between 2019-20. In fact, the country now seems to have an opportunity to emerge as a digital payments market valued at USD 1 trillion. As a result, the government is putting in consistent efforts to give the much-needed push to India’s fintech market – the world’s fastest-growing technology-backed…
Category: business
Steps Businesses Should Take To Accelerate Financial Inclusion in India
Last year has seen teething troubles for many businesses across the globe. In India, the low earning and underbanked population faced huge challenges to survive the catastrophic COVID-19 pandemic. Amidst such times, when creating a financially inclusive system looked no less than an impossible task, the COVID-19 pandemic resulted as a game-changer for digital financial…
How To Streamline Your Invoice Processing?
Managing accounts payable is an essential part of maintaining a company’s financial health. The mission here is not to merely pay the bills but incorporate a system that ensures accuracy and increases the legitimacy of a business. Invoice processing, for instance, is integral in the proper functioning of the accounts payable department. It ensures smooth…
Invoice Discounting To Boost Suppliers’ Cash Flow For The Automotive Industry
Of late, more entrepreneurs are recognising the benefits of opting for invoice discounting to boost operating cash flow. And why not? It allows business owners to access cash timely without adding to their existing liabilities. Recently, the automotive industry has taken an interest in the concept of invoice discounting and is rapidly adopting it to…
9 Financial Management Tips To Navigate Your Businesses Through The Pandemic
The pandemic has posed an unprecedented challenge in front of businesses globally. Demand shocks, supply chain disruptions, lower propensity to consume have all acted against the interests of financial flourish. Financial management becomes imperative for businesses to remain afloat and utilise the unique opportunities presented by the Covid-19 crisis. The following tips can guide small…
Wealth Management Strategy Amidst Covid-19
The pandemic began in 2019 and put screeching brakes on our habitual manner of living. The phrase “survival of the fittest” aptly encapsulates the prevailing way of life. These trying times have also put to the test one’s financial fitness and ability to sail through financial hardships. So, here are some strategies to shore up…
Tips Businesses Should Harness To Improve Financial Management
The adverse financial reality of the current economy has negatively impacted business finances. As a result, most enterprises are experiencing financial roadblocks, disrupted supply chains, and stunted business growth. The concern is, often entrepreneurs find financial management overwhelming during these situations. It’s all the more problematic because there’s no single handbook to cater to the…
Business Financial Planning To Sail Through The COVID-19 2nd Wave
Financial planning has always been a complex task for businesses, large and small. However, with the ongoing crisis, it has become more difficult. A massive percentage of organisations are widely at different levels of liquidity and financial situations. This calls for a new approach to managing finances and adjusting both controllable and uncontrollable economic variables.…
Breaking Funding Myths For Start-ups
India stands tall and firm as one of the world’s largest start-up ecosystems. In 2021, India gained several new ‘unicorns’ – start-ups with a valuation of 1 billion USD or more. Needless to say, Indian start-ups have gone ahead to raise sizable funds from sources like venture capital, angel investing, and revenue-based financing. At the…
How To Use Your Receivables To Manage Cash Flow?
A company faced with continual cash flow issues misses out on several growth opportunities. Unfortunately, mitigating a shortage of working capital is often an uphill climb for many businesses in India. As a result, they may raise funds by borrowing, selling assets, or raising equity. However, some enterprises, especially MSMEs, find it rather difficult to…