Many of us have probably heard the accounting jargon “Working Capital Management”. But you may not have a clear understanding of the same. Worry not. In this blog, we’ll explain this concept in detail. But before we get into it, let us first understand the concept of working capital. In simple terms, it is the…
Tag: Business Intelligence Platform
5 Reasons To Use Tally On Mobile
Entrepreneurs face many challenges in this ultra-competitive world. Thus, to keep up with the changing demands, trends, and other business needs, business owners are unable to devote enough time to monitor their finances. That’s when they turn to accounting platforms like Tally that are easy to use and quick to operate. Tally is one of…
NEO Banking Startup ZikZuk acquires TaxSpanner
SME NEO Banking Startup ZikZuk recently acquired Taxspanner, a tax e-filing platform. With this acquisition, Zikzuk plans to enhance its product offering by providing small businesses with a platform to file their taxes easily and guide them to make sound financial decisions. This integration will further help ZikZuk to expand its horizon in tax filing…
Plan your future growth with Cash Flow Projections
Cash flow can make or break your business. With an efficient cash flow management strategy, businesses can drive their growth plans. A US Bank study has disclosed that a whopping 82% of businesses failed due to poor cash flow management. The thumb rule of any business is ‘your expenses should never exceed your existing cash’….
Automated Reminders to Debtor: Future of Business Finance Management
Late and delayed payments from debtors are a severe problem for every business. Delay in payments is not an issue that can be overlooked. Many companies face financial troubles due to late payments from debtors. Late payments impact the cash flow of a business. These delays lead to complete business shutdowns on some occasions and…
Tally: An important tool for leading a successful business
With the kind of stiff competition in the market today, it is not enough to do the bare minimum. Staying ahead is the way to succeed. And anyone who knows anything about accounting will recommend you, Tally, to manage your finances. Among the most renowned accounting platforms out there is Tally – an accounting software…
Five Essential Bookkeeping Guidelines for Small Business Owners
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 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…