Bookkeeping is a crucial aspect of the success of any business. It helps you in understanding your business and making strategic decisions to prevent unexpected cash flow problems. Bookkeeping seems to be a daunting task, and most small business owners find it overwhelming. However, with the help of the simple guidelines provided in this blog,…
Top 10 Things to Know When Starting a Business
Starting a business is a highly stressful activity that no formal training can prepare an entrepreneur for. However, with a little planning, you can manage these multiple expectations and take smarter actions toward building your business. While not all businesses are the same, the foundation principles apply to similar instances occurring in most business processes….
Why Does Your Company Need Finance and Cash Flow Management Software?
Small and medium enterprises need to take special care of their finances. Most companies face a working capital crunch, ultimately leading to their failure. Understanding complex financial data and deriving actionable insights from them is not everyone’s cup of tea; however, finance and Cash Flow Management Software can help them. The software helps in organizing, planning,…
5 Ways to Bring your Business Finance on the Right Track
Managing business finances is challenging. Staying on top of the business expenses is often a struggle for businesses. According to a survey by the Federal Reserve Small Business Credit, around 47% of business owners acknowledged that they could not sustain their business for more than 2 months if the revenue disappeared. Don’t wait for a…
Why Neobanks are Ideal Partners for SMEs
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…