Traditionally, for small businesses and SMEs implementing technology to improve financial management efficiency was a distant dream. Most solutions available in the market were both expensive and built for enterprises. However, FinTech companies are changing the status quo through their innovative solutions. One such innovation has been in the spend management space. For far too…
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Centralized Control Over Expenditures: The Key To Streamlined Financial Management For Startups
A whopping 38% of startups fail because they run out of cash to run the business, according to a CBInsights report. This is a warning bell for businesses with inefficient financial management. The longevity and sustainability hinge as much on the proper handling of accounts as they do on consistent revenue. Yet business owners make…
From Traditional Banking To FinTech Integration: A Roadmap For C-Suite Executives
FinTech companies in India have been making significant strides in revolutionizing businesses. India is the third largest FinTech market in the world and is projected to score $200 Bn in revenues over the next decade, as per an EY report. These FinTech companies are now an integral part of the economy within the financial services…
Building Resilience: How FinTech Solutions Are Mitigating Risks for C-Suite Leaders in India
Financial technology companies in India have been making a significant impact on businesses across domains. The growth rate of FinTech in the country has been truly an aspiration. As per EY report, FinTech is expected to clock $200 bn in annual revenue by 2030. One of the major drivers of this growth is new-age Indian…
How FinTech Companies in India are Helping Businesses Manage Their Cash Flow Efficiently
Most small and medium-sized businesses traditionally use the cash in their bank accounts to handle corporate transactions. This approach forced them to walk a tightrope between managing cash flow and taking care of business expenses. Unlike their larger counterparts, these businesses lacked access to credit lines or funding to keep the lights on without touching…
List Of Top 10 Books Every CFO Should Read At Least Once In Their Lifetime
CFOs are responsible for managing the financial health and strategy of an organization. They need to stay updated on the latest trends, innovations, and best practices in the field of finance. One way to do that is to read books written by experts, leaders, and thinkers who have shaped the world of finance. Reading will…
How FinTech Companies In India Are Helping Indian Businesses Navigate Compliance Challenges In Spend Management
The World Economic Forum, which recently concluded its annual business conference in Davos, stated that financial technology companies are thriving in India. After a period of funding challenges and regulatory uncertainties, 2024 is expected to be positive for the industry. It is good news for not just financial technology companies but also small and medium-sized…
The Impact Of FinTech Companies On Improving Spend Management Practices
For a long time, companies have been managing their account payables and receivables through manual processes involving a lot of paperwork. Although some large organizations relied on enterprise solutions to manage their spending across departments, it was different for small and medium-sized businesses. You see, these enterprise solutions were expensive and clunky requiring dedicated resources…
Financial Solutions For SMEs: Bridging The Gap With FinTech Innovations
In India, SMEs (small and medium enterprises) are essential contributors to the national GDP. As per NASSCOM, SMEs account for close to 40% of GDP in emerging economies, in addition to about 60% of total employment. Despite its significance in the Indian economy, SMEs are a financially underserved group. The rigid business models of financial…