Category

Businesses
Collect payments faster for SMEs operations in Hylobiz believes in growing together and foresees a future where SME businesses in UAE grow with us. Key challenges faced by SMEs to collect payments High amount of monthly outstanding overduesLot of manual chasing and follow upsManual reconciliation Difficulty of tracking cash and cheque collections Manually reminding customers...
Read More
Working capital is the amount used by a business to meet its day to day operations, it represents the financial health of a business. Generally Working capital amount is derived by subtracting current liabilities from current assets of a business. Working capital formula = Current assets – Current liabilities Working capital is of prime importance...
Read More
Are you an SME business owner trying to plan your business working capital effectively? Perhaps you have realized that gaining revenues and acquiring more clients are just not enough to get sufficient working capital. It is important to plan working capital efficiently to manage operational expenses and to meet long-term funding requirements. Significance of Working...
Read More
Working capital loan is a short term debt financing available to a business, through which a business can meet their day to day operations such as rent payments, payroll and inventory purchases. It can be either secured or unsecured. Working capital loan can be in the form of letter of credit, bank overdraft, invoice discounting...
Read More
what is connected banking
The Fintech industry bringing in financial innovation, in UAE, is growing at a rapid pace. With digital and technological advancement and innovation, a Fintech can accelerate the growth of other businesses, especially in connection with SMEs and entrepreneurs across industries.In January 2021, the Saudi Central Bank “SAMA” announced open banking policy” allowing the fintechs to...
Read More
If a business is not able to pay its vendors, staff salaries and also not able to collect its receivable from customers, then the business will not be able to survive in the long run as the business is inefficient to manage its working capital. Every business should give immense importance to working capital as...
Read More
SMEs need multiple communication channels for discussions related to business and to speak mostly about payments and collections. Every communication channel needs to be handled separately and is difficult to keep track of all conversations and payment communications and receipts. Hylobiz team has come up with a solution to build better communication among its users....
Read More
Joseph, a small business owner based out of Bengaluru was in trouble paying off his shop rent, electricity bills, and other day-to-day expense as he was not able to manage his inventory, receivables, and cash. Here the problem faced by Joseph is the inefficiency to manage working capital. In the same way, it is important...
Read More
SME businesses in UAE saw a steep fall in cash flow with COVID 19 pandemic. According to a study done by PWC (https://www.pwc.com/m1/en/publications/working-capital-2020.html ), in the first half of 2020, there was a 23% deterioration in the improve working capital performance of surveyed companies. What were the key drivers affecting the working capital of SMEs...
Read More
Raj appeared worried as he pressed his knuckles to his face. He said to our sales team personnel, “We work with limited resources and database management, account maintenance, marketing, planning, and scheduling need primary focus day in and day out. We need to take care of taxes, legal matters and need a steady flow of...
Read More
1 7 8 9 10 11 12

Head Office

Hylobiz Challenger Private Limited
Flat no. 6, Shivkamal 1076/5,
Polytechnic College,
Vidya Vihar Colony, Shivajinagar, Pune,
Maharashtra - 411016

Got queries ? Give us a missed call