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Businesses
SMEs need multiple communication channels for discussions related to business and to speak mostly about payments and collections. Every communication channel needs to be handled separately and is difficult to keep track of all conversations and payment communications and receipts. Hylobiz team has come up with a solution to build better communication among its users....
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Joseph, a small business owner based out of Bengaluru was in trouble to pay off his shop rent , electricity bills and other day to day expenses as he was not able to manage his inventory, receivables and cash. Here the problem faced by Joseph is inefficiency to manage working capital. In the same way...
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SME businesses in UAE saw a steep fall in cash flow with COVID 19 pandemic. According to a study done by PWC (https://www.pwc.com/m1/en/publications/working-capital-2020.html ), in the first half of 2020, there was 23% deterioration in the average working capital performance of surveyed companies. What were the key drivers affecting the working capital of SMEs during...
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Raj appeared worried as he pressed his knuckles to his face. He said to our sales team personnel, “We work with limited resources and database management, account maintenance, marketing, planning, and scheduling need primary focus day in and day out. We need to take care of taxes, legal matters and need a steady flow of...
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CASH FLOW AND ITS IMPACT ON SMEs Cash flow is the total amount of money being transferred into and out of a business. Cash Flow is often known as ‘lifeblood of a Business‘. For SMEs Managing Cash Flows is as important as focusing on Growth and Profitability because many businesses fail due to Cash Flow...
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Reconciling or matching the incoming/ outgoing invoices with the debit or credit transactions is highly important for every business to maintain cash flow, to avoid fraud and to overcome human errors. Reconciliation is a labour-intensive process, needs hours of hard work, patience and understanding and needs to be automated with the aid of a powerful...
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As a business owner, have you observed irregularities with an invoice? Most businesses know the importance of keeping the accounting clear, but with multiple stakeholders involved, one still faces transaction mismatch, fraud, and human errors. Invoice Reconciliation can help you avoid any such issues. Today’s post will aid in understanding the benefits, issues of invoice...
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6 Benefits of Faster Invoice Collections for Businesses Hylobiz expedites invoice collections in UAE
What makes a business unbeatable? Speeding up the invoice processing is the best way towards making a business invincible. Advantages of faster invoice processing Hylobiz, a Fintech of this era, can ensure faster invoice payment processing for businesses in UAE. You can manage various types of invoices of high volume and can enjoy a good...
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The owner of Narayan Enterprise – Venkat Narayan Giri was looking at the ledgers, the accounting team had highlighted a mismatch of 2,34,192.43 INR.  It was month’s end task and usually a mismatch of 10,000 – 25,000 INR was usual, but this time the sum was huge and accounting team has matched every record almost...
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Hylobiz electronically manages the accounting system and automates reconciliation. The Fintech industry has brought in revolution to the banking and finance industries with the use of innovation and technology. Today recording of accounting data and tracking of transactions are not very laborious work. Settlement of payment happens swiftly, and the difficult account reconciliation process can...
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