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Category

SME Banking
SMEs being the major contributor to an economy’s GDP, employment, and growth, especially in developing nations. Despite being major contributors, SMEs face many challenges in their day-to-day banking, accounting, and operations. To solve the pain point of SMEs, banks and fintech have joined hands to build tailored-made financial services for SMEs. Where in partnership they...
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Expense Management with Hylobiz
A school had many suppliers – water bottles, laundry, househelp, stationery, electricity, and phone bill just to mention some of them and the Financial department also has to deal with dispersing salaries and taxes. While the fees are deposited to one of the bank accounts, the debit used to happen from another. Not to forget...
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Myths of UPI Payment, Banking Transaction, tax and bank accounts
In an internal meeting, our sales team were sharing the feedback and requests from the client, just then one of the senior sales person phone rang. It was one of our esteemed customer – Why am I being charged for UPI transactions? The person on the other side said in such a loud voice that...
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Fintech in UAE helping SME
Worldbank on growth projection for UAE states that growth in the UAE is expected to reach to 2.5% by 2022; while world bank projection is supported by government recovery plans, higher oil prices and production capacity with a boost from Dubai Expo2021, another contributing factor to the country’s growth are  Small and medium sized enterprises...
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Hylobiz is helping thousands of businesses
Every business to stay ahead of competition and to see better growth and revenue irrespective of the size and industry, needs to focus on its consumers and suppliers, communicate effectively, make right decisions, understand trend, manage data and financial records efficiently, transact accurately, and make long term plans. Is there a one stop solution that...
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For any business, it can be overwhelming to deal with multiple ERP’s. And its more challenging for a small business owner or the Accountants teams of medium size enterprises to reconcile and settle all accounts with multiple system in place. Result is – human errors, long tedious manual tasks , mental stress and most importantly...
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The duties of an Accountant vary with the size of business. In large organizations the duty may be split in different departments and among different teams. However, in general the role of an Accountant in small business is wide and the one is found to be solely responsible to make sure every process is handled...
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Introducing Payables – a new feature by Hylobiz, that assists the Accounting and finance teams in easing out the single/bulk payouts process on a single click. Besides vendor payments, regular bills to be paid by business, salaries or reimbursements are other crucial payouts for employees. Quite recently when our sales team shared this interesting story...
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"SME's Get Paid on time
Small and medium-sized enterprises (SMEs) meet many challenges and hurdles in running and growing their businesses. At the very core of every business is its ability to take in revenue (to sell) and to secure its supply of inventory and other inputs (to buy). But with ~30% of payments to businesses are delayed, beyond the...
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Three ways businesses can improve cash flow with Hylobiz
Do you feel that cash flow to your business when increased may help you see a remarkable growth in business? Are you looking for a perfect system that can guide your business to improve cash flow steadily with time? If so, then you are reading exactly about a system that you are looking for. Hylobiz...
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