What are the Four Pillars of Business Strength?

In this blog, we have discussed the perspective of Anurag (head of our product department), MSMEs, the challenges faced by them, and how hylobiz can support them. Sign up to know more.

India’s economy is one of the fastest-growing economies in the world. Micro, small and medium-sized businesses (MSMEs) are the backbone of the country’s economy. MSMEs have contributed significantly to employment over the past six decades and are essential to exports.

MSMEs are either not exposed to or do not have enough funds to use the latest technologies that can make their business processes easier. Managing operational, financial, and managerial activities is necessary for assessing the health of a business. This needs careful planning, carrying out, and monitoring.

Hylobiz can be your go-to platform.

Hylobiz is a B2B finance platform that assists businesses with automating invoicing, collection, and payment reminders. Reminders tools are in-built to remind counterparties of orders/payments etc. Sellers can advertise and share their goods with their buying network, have a digital storefront, and provide customers with a shopping cart experience. Hylobiz automates the exchange of invoices and ledgers via WhatsApp, and e-mail and provides the pay-links option for immediate payment (full/partial payments). With a single dashboard view on money flows, reverse reconciliation takes place in the relevant ERPs.

Read our Original blog here: https://hylo.biz/four-pillars-of-msmes/

Read more on our offerings: https://hylo.biz/offerings-sme/

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