How Hylobiz builds cashflow efficiency for secondary distribution network?

The net amount of cash that flows in and out of business is termed as cash flow.

The cash flow efficiency of a business is determined by working capital management, inventory management and payment and collections process of a business. Cashflow based lending by Banks and financial institutions is more efficient and safer than traditional lending against assets.

On 17th March, Hylobiz had a live Facebook session on “How Hylobiz builds cashflow efficiency for secondary distribution network?” Our CEO, Mr. Vishal Gupta and Chandrama from Technical team discussed, where Vishal explained every detail on cash flow efficiency and lending in connection to the secondary distribution network and how Hylobiz contributes to this.

Chandrama initiated the discussion where she said,

Hylo has come up with a solution which primarily intends to help SMEs with their payment and cashflow related issues. …

One promise we always make to our customers is Getting Paid on time and hashing the manual job of accounting and tracking.

On 20 thMar 2021, Hylobiz skilled team took a step closer to our goal with its new features of simplifying payments for our users.

The new features are targeted to help Business Owners, Sales and Accountants to update payment details, keep a track of their Collection on monthly and daily views and integration with Zoho Invoices for seamless invoice. Let’s have a look -

I can now do a Bulk Status Update for Invoices

At Hylobiz, our focus is to make payments faster and hashing the manual tasks…

Some proven tips to get paid without delay:

- Try to know your customers well.

- Digitize the accounting process

- Send out friendly, polite, and professional reminders,

- Accept payment in multiple forms,

- Quick and automated invoicing can ensure faster payments,

- Send out payment confirmation messages,

It is wise to take the support of a good Fintech platform to digitize and speed up payments through automation and innovation.

What is the most effective but affordable Fintech solution in UAE?

On Hylobiz platform, transaction cost is lowest compared to other Fintech platforms. …

Most leaders agree that inclusion is important, but they feel that it is difficult though not impossible to build an inclusive work environment.

What are the important components of an inclusive work force?

The following are the building blocks of an inclusive work culture:

1. voice of the employees
2. early introduction to inclusion
3. unique qualities of an employee if appreciated instil a sense of belongingness.
4. education and training
5. Listening to the employees
6. work in collaboration

The positive impacts of an inclusive work environment

• Strong employee engagement
• High level of commitment
• High productivity
• Growth in working capital.
• Better business orientation and outcomes
• Healthy work environment
• More hiring through employee references as employees get satisfied.
• High employee retention and engagement

Hylobiz nurtures an inclusive work environment- Want to know about Hylobiz work culture?

Hylobiz…

A school had many suppliers — water bottles, laundry, househelp, stationery, electricity, and phone bill just to mention some of them and the Financial department also has to deal with dispersing salaries and taxes.

While the fees are deposited to one of the bank accounts, the debit used to happen from another. Not to forget some of the cash that was used and many cheques that were in pending clearance. It was hard to compare each month’s statement and see the revenue generated for some time.

The above scenario can be replicated to any other sector — Coliving space, RWA’s…

“ When you cease to make a contribution, you begin to die.” -Eleanor Roosevelt

Community Building is based on this principle, there is no hierarchy, no bosses, each community member contributes to grow, learn and expand. We are surrounded by communities — Linkedin, Instagram, Pinterest, Facebook these are all business model that worked with helping and forming communities of interest, family and work.

As this is Women’s week and we are taking inspirations from our women clients, our post is on about the team that is empowering community building and interestingly is all women’s team.

Meet FF21 team members Shyamli…

Every individual has a story, not necessarily from rags to riches but everyday struggles, grabbing/missing opportunities and learning to weave enriching experiences.

This Women’s Day Hylobiz wanted to honour his clients and their women workforce, who are leading from the front to everyday’s struggle.

Meet Prerna Sehgal from OrixIndia

All businesses for a steady working capital and stable performance need to redesign their Accounting system from a paper-based method to a digital system.

Why do you think that your business needs a digitization of its vendor payment process?

If the vendor payment process goes digital then,

· You can always be ready for audit,

· Automatically track your payment dues,

· You can pay out easily and confidently,

· Achieve better fund flow to business.

· Save time and enjoy accuracy and efficiency.

How do you digitize your vendor payment process?

1. Do a little research on how the current process in your business is and what is your need.

2. You need to research which platform gives you satisfactory level of…