The Fourth Industrial Revolution, or Industry 4.0, is transforming industries worldwide, including India, with its emphasis on smart manufacturing driven by IoT, AI, and Big Data. By 2025, the global Industry 4.0 market is expected to reach $210 billion, growing at a compound annual growth rate (CAGR) of over 16%. However, MSMEs, face numerous challenges […]

The last few years have brought unprecedented challenges for businesses around the world. In India, MSMEs have particularly felt the impact of the pandemic, the Ukraine war, Red Sea shipping issues, and inflation, all of which have exposed vulnerabilities in traditional supply chains. These crises have highlighted the need for visibility and flexibility to manage […]

One of the common issues that MSMEs in India face includes limited access to financial resources, an overreliance on manual processes, and difficulty competing with larger, tech-savvy corporations. Additionally, MSMEs in India are vulnerable to inefficiencies in operations, high costs, and risks from unpredictable market dynamics. One transformative solution that can address these challenges is […]

Fixed assets are the backbone of any enterprise, holding intrinsic value that defines a company’s real wealth. In fact, as of 2023, around 45% of small and medium sized enterprises (SMEs) across the globe have over 50% of their balance sheets tied up in fixed assets. Managing these assets efficiently can enhance a business’s growth, […]

The general ledger is an indispensable tool for managing a company’s finances, and its evolution has kept pace with rapid technological advancements. From the days of handwritten ledger books to today’s sophisticated software solutions, general ledger practices have transformed, yet their significance remains as vital as ever. For small and medium-sized enterprises (SMEs), effectively managing […]

For any startup or small to medium-sized enterprise (SME), having a solid accounting foundation is critical to success. Proper financial management ensures that you can effectively track cash flow, budget efficiently, and remain compliant with tax regulations. Whether you’re managing your accounting yourself or looking to scale with outside help, here’s a step-by-step guide to […]

For startups, maintaining proper accounting practices often feels like an added burden in an already chaotic landscape. However, neglecting accounting can lead to serious challenges down the line. Globally, approximately 90% of startups fail within the first 10 years, and one of the key reasons is poor financial management. Having accurate, well-maintained financial records is […]

We’re incredibly excited to announce that our CEO (Pankaj Chawla (Consultant Speaker Strategist)‘s LinkedIn page has achieved a major milestone – over 1.28 million impressions and over 540k members reached in the past 90 days alone! These numbers represent a significant leap of 3,260.9% in impressions and 3,882.3% in member reach, underscoring the growing interest […]

Managing accounts receivable (AR) effectively is critical for ensuring healthy cash flow and maintaining financial stability for small and medium-sized enterprises (SMEs). Below is a comprehensive guide, incorporating key points on the importance of AR, common challenges, and how technology can help businesses improve AR processes. 1. Automate and Consolidate Receivables  Automation is a game-changer […]

Accounts Receivable (AR) management is critical for SMEs globally. A study by Atradius in 2023 revealed that 48% of B2B invoices across the world are paid late, with 27% of companies writing off unpaid debts. This is especially challenging for SMEs, as cash flow disruptions can be detrimental to growth. Accounts receivable—the money owed to […]