SMEs | Page 2

PoS which is currently the need of the hour is largely aiming at changing the future of SME business through its cloud-based features

The investors include family offices and high net worth individuals

There will be a fourth phase of lockdown starting May 18, which will be done in consultation with respective state governments.

This is the perfect time to go online and start investing in brand-building, good content, SEO and more.

A Local Circles Survey found that only six per cent were covered, in terms of cash, for a period of more than six months.

Some SMEs already use automated accounting software however they spend hours to make their software automate processes

In the Union Budget 2020, finance minister Nirmala Sitharaman announced that the turnover threshold for auditing will be raised from INR 1 crore to INR 5 crore for MSMEs who carry less than 5 per cent of their business transactions in cash

Lending platform SuperMoney raised $1 million from Unitus Ventures in a pre-series A funding round.

Gurgaon-based GetMeAShop is acquired for $5 million from Times Internet. The investment firm has also invested an undisclosed amount in Instamojo.

The accounting software automates the core calculations and administrative procedures and take control of the revenue framework so that businesses will not be required to outsource finance management

If SMEs can choose the right marketing strategy even in low budget they can at least cover a portion of the growing market

KhataBook, a digital ledger app, has more than 3 million active merchants on its platform and has around 7 million registrations

The culture of co-working spaces has received high acclaim from patrons in India, creating space for domestic and international brands to penetrate the market

The future posits that NBFCs will continue to experience robust growth with minimal instances of delinquencies if the credit flow doesn't stop and the risk mitigation mechanisms improve.

If you want to stay competitive and see your business grow, you need to put your employees on a health insurance plan right away

Some fintech start-up founders and company leaders share their thoughts about the trends that they noticed in 2019 and what they expect from the upcoming year.

Namaste Credit co-founder Gaurav Anand believes the challenge is now for fintech companies to make sure that the tech adoption by SMEs continues.

Invoice factoring is a useful tool wherein an exporter can sell its invoices (or account receivables) to a third party, or factor, for cash up front

Nano-businesses are now aggressively ditching moneylenders that charge up to 90per cent annualized interest rates on loans towards loan aggregator platforms

While the base of the pyramid is served by microfinance institutions and corporates are served by banks, the MSME segment has always had few alternatives

With time, AI has developed into a technology that delivers results and although expensive initially, it has now become affordable for small businesses as well.