Whether you are a small or medium-sized business or a startup, lack of cash flow management is a major bottleneck in the growth of the company. If you don’t have enough money to survive the invoicing period, what would you do? You could have five clients to work with but no resources to make the deal.…
Category: Bill-Discounting
Effective Strategies to Deal with Late Payments on Overdue Invoices
For any business to maintain its peak performance, the cash flow must be at an optimum level at all times. After all, there are all kinds of recurring expenses including office space rent, utility bills, inventory financing, and payments to vendors and staff. So, if there is a cash crunch, even if for a brief…
Experts Guide To Effective Invoicing
Businesses tend to face trouble with invoicing and late payments from their clients from time to time. Not only does this slow down the payment cycle, but it also affects the business’s functioning, operations and often, its very survival. Here we have collated a few tips from experts that have been proven to work in…
What Is Invoice Discounting And How Does It Work
All businesses inevitably face cash crunches from time to time that usually spells trouble. While larger businesses search and utilise all viable solutions to keep their businesses afloat, small businesses often don’t have many options to choose from. Such businesses need financing mechanisms that are more flexible and specifically cater to their cash flow needs.…
How Can Invoice Discounting Help Your Business?
According to the International Finance Corporation, the total financing gap in the SME industry is Rs. 2.93 trillion. One reason for this gap could be that financial institutions mostly cater to the demand for traditional collateral-based lending, leaving out many SMEs dry and without funds. SMEs hence turn to alternative financing solutions like invoice financing,…
5 Ways To Improve Your Business’s Cash Flow
Business is a balance of Expenditure, Profits & Revenue, sustenance of these in the proper ratio is crucial for any entity. Forecast of great deals or closures might give a positive vibe but in the absence of inflow of funds, survival might be a question. For any business Large or small maintaining a smooth cash…
Okay, So you’re a cash millionaire? That doesn’t impress me much!
In a decisive battle against black money, Narendra Modi government yesterday announced the invalidity of the legal tender of Rs.500 & Rs.1000 preceded by the release of Rs.2000 currency notes. A similar kind of exercise was done by the Morarji Desai government in Jan17,1978 but India has never seen execution instituted at such a grand…
Customers Paying Late? Here is Why!
The invoice due date and its timely payment is crucial for any business to remain afloat. One of the least pleasant experiences for business owners is to chase late payments. As per a report by Atradius on payment practices – Indian economy is doing well with a bright future prospect. A stable political situation, low…
How GSTN is going to change the way India does Business
The scale of change because of GST can be enumerated by just considering the fact that, after its implementation almost every SMB in India will come under the purview of a unified Taxation System. According to the GSTN’s Chief Executive Prakash Kumar “The network is built for about 70 million taxpayers, who will upload about…
Blockchain As Supply Chain Solution- Enterprises Take
Blockchain is still a new technology, but the recent partnership between IBM and Mahindra Finance for developing the Blockchain technology for small and mid-sized enterprises loans for business has asserted the importance of the technology in Supply Chain Management. Why is Blockchain important? Here is why blockchain is important: Blockchain architecture can help Enterprises process…