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Digitization
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...
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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...
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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....
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As a business owner, have you observed irregularities with an invoice? Most businesses know the importance of keeping the accounting clear, but with multiple stakeholders involved, one still faces transaction mismatch, fraud, and human errors. Invoice Reconciliation can help you avoid any such issues. Today’s post will aid in understanding the benefits, issues of invoice...
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Avoid these invoices mistakes and get paid faster
Invoicing is the heartbeat for businesses! Just as the heart keeps pumping “right fuel” for the body to work and keep going, the invoicing when done correctly can make sure cashflow is flowing and boosting the working capital for any business. But we know, its tedious and requires  focus, time and effort. That’s why our...
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How do invoices differ? As a business owner can I use the same template across all buyers?  Does invoice mention the terms and condition? Do I need to include my bank details? All these questions and many more when a business or accounting team sits to send invoices. Just to make our customers life easier,...
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Shyamli and Devanshi from FF21
“When you cease to make a contribution, you begin to die.” -Eleanor Roosevelt Community Building is based on this principle, there is no hierarchy, no bosses, each community member contributes to grow, learn and expand. We are surrounded by communities – Linkedin, Instagram, Pinterest, Facebook these are all business model that worked with helping and...
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Are you owning a business? Want to speed up payment collections at low transaction cost? Want to offer an improved and hassle-free buying experience to your customers? Yes? This article is meant for you. Are you a banker? Looking for a payment automation solution that can support your SME and corporate customers in their payment...
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digital ledgers, transparency in business payments and collections,Ledger level collections
The management of accounting and finance in every business, for a steady flow of funds and to reduce operating costs, needs to be accurate, easy, secured, and cost effective. The use of right tools and technologies can help the businesses to track the dues, make payments and collect dues on time. Hylobiz automated solution with...
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Hylobiz team wishes you a “Happy, healthy and prosperous New Year”. Let the year 2021 grant you a profitable business and a great professional career and help you grow digitally with right technological support. We can make this ‘year of hope’ a special one for you as we offer to help you collect payments faster...
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