Indian SMEs are often forced to take unnecessary debt and other financial obligations to avoid short-term cash fluctuations, when in fact sufficient cash is stuck in working capital. However, working capital optimization is difficult to execute and often needs cross-functional efforts to pull off effectively. The relationship between different components of working capital makes controlling the rolling of cash and cash equivalents important. In this blog, let us look at the various components of working capital which will help in staying solvent…
Things to Consider Before Choosing a Business Credit Card
Don’t already own a business credit card? Now is the time to think about getting one—and all the perks that come with it! Using a business credit card for Startups and SMEs is ideal for financing a wide range of business purchases and expenses. These cards offer a level of flexibility that isn’t available with other forms of business credit. It also…
3 Ways to Use Business Credit Card Rewards
Credit cards have gained a lot of popularity in recent times with reward points as one of the appealing features. If you’re an SME owner, business credit card rewards can be a money-saving tool. However, despite many banks and SME credit card companies revamping rewards programs to make them more pandemic-friendly, 31% of Indians didn’t redeem any rewards in 2020….
How to Solve Cash Flow Problems for Your Cloud Kitchen?
With less working capital requirements, low initial setup costs, and almost negligible staff, and equipment needs, the dynamics of cloud kitchens have gained quite a traction over the traditional dine-in facilities. However, many cloud kitchens fail in times of crisis, not because of their food or services, but the lack of proper financial planning. According…
How to Optimize Business Costs and Save Big
Businesses should always run like a well-oiled machine. Business owners must make sure to optimise businesses which translates to money saved. Especially in this COVID 19 scenario where every businesses are forced to cut back on expenses, optimising business costs is of significant importance especially the SME sector. The SME sector is a key contributor…
5 Unrivalled Benefits a Corporate Credit Card can Offer
Corporate credit cards are offered to businesses to pay for business-related expenses such as supplier payments, travel reservations, lunches, and rental cars. Corporate credit cards are a great tool for SME’s and start-ups who wants to stay on top of managing their expenses and meeting their short term credit woes. SME’s and start-ups were not…
Why do Start-ups say NO to bank loans?
According to a report by IBEF, India is home to around 3 lakh SME’s. In addition to contributing significantly towards India’s economy it provides employment to a number of Indians. Most of are aware of significant role SME’s play towards the growth of our economy however, it’s not without its share of challenges. A majority…
