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

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 the ‘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...Read More

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 the right technological support. We can make this ‘year of hope’ a special one for you as we offer to help you collect payments...Read More

For any business, it can be overwhelming to deal with multiple ERPs and Banks. And it’s more challenging for a small business owner or the Accountants teams of medium-size enterprises to reconcile and settle all accounts with multiple systems in place. The result is – human errors, long tedious manual tasks, mental stress, and most...Read More

With Government initiatives, and with general awareness and acceptance globally, the digitization of the financial system has seen a steep growth in recent times. With more people paying digitally over mobile phones, credit cards, and through online mode businesses are getting highly benefitted as the process involved is generally low in cost, secured and fast....Read More

Meet the business person “Dina” who is an event manager working to promote, create, and organize brand events.  As part of her day-to-day activities, she has to deal with suppliers that include venue location, staging equipment, audio-visual and lightning assistance, caterers, furniture, etc., and her team that manages each of the departments. But most importantly...Read More

The article talks about How Hylobiz as an idea evolved in just a few months, the thought process involved in shaping the product, and the feedback from the industry leaders to improve and make the right fit for the SMEs. This is Part one that covers the inception, identifying the pain points and market space....Read More

Time is the most valuable asset a man can spend… It’s imperative that you spend it WISELY…VERY WISELY! You could be a Small business owner a Homepreneur or have an Established Business…Howsoever, BIG or SMALL…running your own venture is never easy. There are calls to be answered, orders to be placed, deliveries to be dispatched,...Read More

The economic tsunami unleashed by Covid-19 has created “new challenges” for the SME community. The effects seem endless with the whole value chain struggling to sustain itself amid the crisis. With so many business sectors severely challenged – the government is releasing support packages, banks are offering an extension of the EMI moratorium, and technology...Read More