India’s economy is one of the fastest-growing economies in the world and MSMEs are the growth engine that fuels the development of the national economy. As per the information received from Central Statistics Office, Ministry of Statistics & PI, the Share of MSME Gross Value Added (GVA) in All India Gross Domestic Product at current...Read More
Healthy and automated invoice management in business boost collections, payouts, and cash flow which helps in efficient operation. Invoice Management Businesses use the process known as “invoice management” to invoice their customers for goods/services they have purchased and collect payment from them and make invoice payments to suppliers and vendors while tracking the invoices accurately....Read More
Enabling Businesses to Grow Faster via Automated B2B Collections, Payments, and Working Capital with ZERO Process Change for the Business Owners. In February 2022, Hylobiz celebrated its 3rd birthday. Hylobiz serves businesses of all sizes in India and the UAE and is about to launch in the US. We are excited about our progress so far...Read More
Ram is a retailer of electronic goods based in Bangalore. He used to buy his inventory on credit and pay it back to the supplier after selling the goods to customers. Everything was going well for Sam, but after reaching scale in his business, he found it difficult to manage liquidity. The reason was that...Read More
As the business environment is very dynamic, businesses need to be adaptive to the fast-going changes to sustain in this environment. Assessing business health involves managing operational, financial, and managerial activities and requires proper planning, execution, and controlling. As many businesses fail to address these different functions because of inadequate teams, improper planning, improper...Read More
Are you a Business Owner Facing Challenges with Invoice Collection? A businessman has to manage and control many functions for his business’s smooth running, including buying inventory, raising and dispatching invoices, collecting payments, and reconciling. The Challenges that Business Face with Manual Invoice Collections are: Manual invoicing and offline payment collections kill their time and...Read More
Reconciliation is a crucial part of any business as, without proper accounting reconciliation, a company cannot get an accurate idea of its business finances. Manual reconciliation is tedious and affects the productivity of the employees. It also causes a threat to the business’s health and efficiency as the data are not real-time and inaccurate. Manual...Read More
The efficient management of invoices and collections of payment links for customers on time in a business are the key requirements to last longer in the market and to stay ahead of the competition. Your business’s cash flow gets badly impacted if your company’s invoice collection gets delayed. Sometimes it might apparently appear that an...Read More
In these modern times, the gender gap is slowly taking a turn where everyone can be given equal opportunities for their professional as well as personal growth. But still, there are numerous cases or a vast percentage of this big issue where many individuals are being suppressed due to the lack of proper problem-solving approach...Read More
Benefits of a business loan require capital from time to time for the smooth running of its business. It requires the fund to meet expansion plans, operational expenses, and other expenditures. A business has many financing alternatives available to meet its capital requirements like business loans, revenue financing, invoice discounting, supply chain financing, and many...Read More