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SME
Small and medium businesses constitute more than ninety percent of the registered businesses in UAE, despite being the largest contributor to the country’s growth and employment, access to finance remains the key challenge for them. SMEs face many kinds of challenges to meet their financial gap, as they’re not able to secure funds from the...
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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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Irrespective of the industry it operates, maintaining profitability and managing working capital efficiently are important for every SME business to survive and gain competitive advantage. SMEs face multiple challenges while managing their working capital. Managing financial detail, tracking financial transactions and reports, managing receivables and payables, managing invoices, payments, and collections manually are just tedious...
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In every economy, small and medium enterprises are the major contributor to its GDP and employment generation and especially in developing economies. They are the biggest contributor to the growth of an economy. To manage a business efficiently and effectively a business needs to monitor its working capital closely because it acts as a key...
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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...
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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...
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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 23% deterioration in the average working capital performance of surveyed companies. What were the key drivers affecting the working capital of SMEs during...
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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...
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CASH FLOW AND ITS IMPACT ON SMEs Cash flow is the total amount of money being transferred into and out of a business. Cash Flow is often known as ‘lifeblood of a Business‘. For SMEs Managing Cash Flows is as important as focusing on Growth and Profitability because many businesses fail due to Cash Flow...
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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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