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How Hylobiz is boosting invoice management for SMBs with seamless digitisation
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For most small and medium-sized businesses (SMB) in India, invoice management is a tedious process. Typically, when an SMB generates an invoice on an enterprise resource planning (ERP) software, it is distributed among relevant parties manually or as emails or even as WhatsApp forwards.
As the due date looms, SMBs start reminding clients about payments, again often manually. Payments are made through channels like NEFT (National Electronic Fund Transfer), RTGS (real-time gross settlement), instruments like cheques, or even cash. The last leg of the process is invoice reconciliation, and this too is often done manually.
HDFC ERGO
HDFC ERGO launches Business Kisht Suraksha to protect MFIs and financial institutions against calamities and natural disasters ANI | Updated: Mar 04, 2021 14:13 IST
Mumbai (Maharashtra) [India], March 4 (ANI/NewsVoir): HDFC ERGO General Insurance, India s leading non-life insurance company in the private sector, announced the launch of Business Kisht Suraksha, a unique cover aimed at protecting the balance sheet of MFIs, financial institutions and banks in the event of a catastrophe or natural disaster.
With growing concerns of climate change and its effect on the environment, Business Kisht Suraksha aims to limit the impacts on the balance sheet of financial institutions, due to non-payment of EMIs by borrowers, resulting out of listed calamities such as floods, earthquakes, cyclones, etc.
HDFC ERGO launches Business Kisht Suraksha to protect MFIs and financial institutions against calamities and natural disasters business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.