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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…
How Spend Management Software Is Revolutionizing Indian Businesses
For small businesses, every rupee saved is a rupee earned. As they don’t have a big budget to manage their spending, they ensure every rupee they spend is accounted for. However, relying on manual processes will slow down spending management and give way to errors. For example, managing SaaS subscription payments from spreadsheets can lead…
FinTech For Scaling: How Indian Startups Can Grow Beyond Borders
India boasts the third largest startup ecosystem in the world only after the US and China. It is also becoming one of the key contributors to the economy through its revenue, funding, and job creation. India today has over 99,000 registered startups along with 108 unicorns, which exhibits a significant rise after its humble beginnings…
Maximizing ROI: How SaaS Spend Management Software Can Save Your Business Money
Software-as-a-service (SaaS) has been a major boon for companies in the digital era offering a range of advantages over on-prem IT operations. It allows you to streamline your workflows, and save massively in terms of time and money besides enabling remote access to your business operations. SaaS helps companies drive innovation underscored by the flexible…
How FinTech Is Disrupting The Indian Banking Sector
The FinTech story in India is seeing an unscripted glory. It is poised to become the largest industry by 2030 with 10x growth, as per an EY report. A positive government policy has facilitated several unicorns to emerge in the financial industry leveraging technologies like AI/ML to transform the way people bank. The accelerated digital…
How To Choose The Right SaaS Company In India For Your Business Needs?
India has been growing into one of the biggest SaaS superpowers in the world. As per McKinsey, India’s booming SaaS industry is expected to reach $50 BN in ARR (annual recurring revenue) by 2030. This growth has been in the making for the last 10 years, leading to a transformative shift in the software ecosystem….
What’s Next in Digital Transformation: Data-Driven Decision-Making
Introduction In the fast-paced and ever-evolving world of business, the ability to make informed decisions is crucial for success. With the advent of digital transformation, organizations now have access to vast amounts of data that can provide valuable insights. Data-driven decision-making has emerged as a powerful tool, enabling businesses to leverage information and gain a…
Taking stock of the corporate credit card business in India: past, present, and future
Despite being regarded as one of the most convenient and flexible credit vehicles, especially for SMEs, the use of corporate credit cards has been a bit sluggish in the Indian market. According to RBI, almost 62 million credit cards were in use in India in 2021, corresponding to less than 6% of the total population….
