The SME sector has a lot of potential in terms of job creation but has always been constrained by the lack of credit. The traditional banks have continually underserved SMEs. SME lending always had a fairly smaller share in Indian banks’ portfolios. Now, businesses are seeking a more dependable banking partner who can offer new…
5 Easy Steps to Better Cash Flow Management
Is your business cash flow regularly hitting rock bottom? Do you have complete visilibity of your business cash flows? Cash flow management is a key part of any business, which means ensuring that the business has more receivables in a particular period than its payables. This helps the business pay the vendors, purchase inventory, ensure…
Top Security Measures Used by ZikZuk BFM
A company has multiple stakeholders who oversee critical departments and hence require access to business management software. This increases the possibility of business data being disclosed or stolen. Data security is a crucial concern for all business owners. This is also why some businesses are hesitant to implement business intelligence solutions that automate important business…
Why Neo banking is the Future of Banking
In this age of technology, no one has the time or patience to go to a bank branch for their banking or business needs. Technological disruptions in the financial sector have created financial solutions like FinTech, RegTech and InsurTech that make financial processes easier for individuals and businesses. Neo banking are the latest technological disruption…
Tallying up your business with BFM
With millions of businesses set up around the world, it becomes difficult for an organization to keep every accounting detail in hand. A well-run business pays attention to every detail of finance and functionality. And today, with so many things a business must manage, it is challenging to keep track of and keep up with…
How Tapping into BFM Analytics can Help Your Business
How do you make critical business decisions? Trusting your gut feeling or relying on analytical data, what do you prefer? While some business owners have made a fortune by following their instincts, there is also the iconic case of Bob Galvin, the CEO of Motorola, who went against all signs of mobile phone boom and…
5 Ways How ZikZuk Can Improve Your Business
Financial management is a crucial part of running a small business. It aids in the monitoring and understanding of business profit, while determining whether the business has good cash flow. It also helps in making decisions on purchasing inventory and assets to enhance business growth. Proper financial management enables a business to make better use…
The Rise of the Neobanking Revolution in India
Neobanks are online financial institutions that have similar offerings to that of a traditional bank. A neobank is marked by its online presence and direct interactions with its clients. While neobanks are typically confused with digital banks, there is one big difference between them. While digital banks are an online-only part of an existing traditional…
Key Advantages of Using Tally in Small Businesses
Most of the business owners today use Enterprise Resource Planning (ERP) solutions that help them plan and manage their business. However, some businesses, especially small businesses, have still not realized its importance. ERP solutions like Tally play a significant role in helping businesses manage their customers, vendors, product inventory, banking, sales & purchase orders, and…