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By

Samiksha Seth
Keep Your Business Running
Two friends who were also running a business in different parts of the country met after long time, after the initial conversation about family and politics, they came to business discussions, here is a snippet of it – Mr Ashok – I am fed up of the data entry and mismatch of records due to...
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Myths of UPI Payment, Banking Transaction, tax and bank accounts
In an internal meeting, our sales team were sharing the feedback and requests from the client, just then one of the senior sales person phone rang. It was one of our esteemed customer – Why am I being charged for UPI transactions? The person on the other side said in such a loud voice that...
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Digital payments have a positive impact on all small businesses. It is a convenient tool for accepting payment which is secure, fast, lowers the cost to the company and increases company revenue. As per a report – The Digital Payments Market is expected to grow at a CAGR of 13.5% over the forecast period 2020...
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Mr. Narayan and his struggle of Getting Paid on time
This is a story of Narayan, an owner of “Jyoti Narayan Distributor”. He and his team had a hard time during pandemic, the cash collection that usually happened in 30-90 days, took almost 6 months. The accounting team were struggling with “managing multiple ERP’s” and manual reconciliation. Narayan was willing to re-strategize and target “niche...
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Fintech in UAE helping SME
Worldbank on growth projection for UAE states that growth in the UAE is expected to reach to 2.5% by 2022; while world bank projection is supported by government recovery plans, higher oil prices and production capacity with a boost from Dubai Expo2021, another contributing factor to the country’s growth are  Small and medium sized enterprises...
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For any business, it can be overwhelming to deal with multiple ERP’s. And its more challenging for a small business owner or the Accountants teams of medium size enterprises to reconcile and settle all accounts with multiple system in place. Result is – human errors, long tedious manual tasks , mental stress and most importantly...
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My father who owns a shop in a district in MP has stopped going for collections since the pandemic started. I asked him – so how do you ensure collection happens? He said – I have stopped doing business with people who are not keen to send money digitally! What a transformation! I have been...
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Simplify Accounting for Your Small Business
As a small business owner, one of the most cost-saving decisions that you can make is to simplify your business accounting process. Keeping track of your business expenses, collect payments from your customers, monitor and evaluate financial reports, and are all accounting tasks, that you may need to handle for your business. It can be...
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Introducing Payables – a new feature by Hylobiz, that assists the Accounting and finance teams in easing out the single/bulk payouts process on a single click. Besides vendor payments, regular bills to be paid by business, salaries or reimbursements are other crucial payouts for employees. Quite recently when our sales team shared this interesting story...
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"SME's Get Paid on time
Small and medium-sized enterprises (SMEs) meet many challenges and hurdles in running and growing their businesses. At the very core of every business is its ability to take in revenue (to sell) and to secure its supply of inventory and other inputs (to buy). But with ~30% of payments to businesses are delayed, beyond the...
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