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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…
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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…
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…
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….
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…
