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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….
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Accelerating MSMEs Digital Journey
MSMEs Solutions Micro, Small, and Medium Enterprises (MSMEs) are the core architects of Digital Bharat and account for 99% of all businesses in India; they contribute 49% of the national Gross Domestic Product (GDP); and employ 40% of the country’s workforce. The sustenance of India’s rapidly emerging digital economy relies heavily on MSMEs. can be…
Understanding per diem allowance: benefits, cost, and implementation
In many companies, employees travel extensively for work, be it client meetings, conferences, or training. As a result, companies spend a lot of money reimbursing the staff for all kinds of expenses, including airfare, meals, and lodging. While a few employers reimburse actual expenses, some organizations have started using the per diem allowance method that…
