Category

Businesses
CASH FLOW AND ITS IMPACT ON SMEs Cash flow is the total amount of money being transferred into and out of a business. Cash Flow is often known as the ‘lifeblood of a Business‘. For SMEs, Managing Cash Flows is as important as focusing on Growth and Profitability because many businesses fail due to Cash...
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Automated Reconciliation or matching the incoming/ outgoing invoices with the debit or credit transactions is highly important for every business to maintain cash flow, avoid fraud and overcome human errors. Reconciliation is a labour-intensive process, needs hours of hard work, patience and understanding and needs to be automated with the aid of a powerful tool....
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As a business owner, have you observed irregularities with an invoice? Most businesses know the importance of keeping the accounting clear, but with multiple stakeholders involved, one still faces transaction mismatch, fraud, and human errors. Invoice Reconciliation can help you avoid any such issues. Today’s post will aid in understanding the benefits, issues of reconciliation,...
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6 Benefits of Faster Invoice Collections for Businesses Hylobiz expedites invoice collections in UAE
What makes a business unbeatable? Faster invoice collections processing is the best way towards making a business invincible. Advantages of Faster Invoice Collections processing: Hylobiz, a Fintech of this era, can ensure faster invoice collections or payment processing for businesses in UAE. You can manage various types of invoices of high volume and can enjoy...
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The owner of Narayan Enterprise – Venkat Narayan Giri was looking at the ledgers, the account reconciliations accounting team had highlighted a mismatch of 2,34,192.43 INR.  It was a month’s end task and usually, a mismatch of 10,000 – 25,000 INR was usual, but this time the sum was huge and the accounting team has...
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Hylobiz electronically manages the accounting system and automated reconciliation. The Fintech industry has brought in revolution to the banking and finance industries with the use of innovation and technology. Today recording accounting data and tracking of transactions is not very laborious work. Settlement of payment happens swiftly, and the difficult account reconciliation process can happen...
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The Connected Banking Services is seeing robust growth in UAE with the advent of digital disruption during the pandemic and with the growing affinity towards digital payments among customers. Gone are the days when a business had to wait long for payment clearance by a Bank. A good and efficient Fintech today can enable you...
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Bill Gates, Azim Prem ji, Melinda Gates, Warren Buffet, Oprah Winfrey – Do you know what is common in all them? They all are successful, recognized and amongst the richest people in the world but what makes them stand out are their constant efforts of giving. They are under the Top PHILANTHROPIST of the world....
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How to reconcile an invoice
Businesses often deal with errors on invoices and in turn experiences fraud or run out of profit. To counter this, businesses need to check and confirm or mismatch every reconcile an invoice that comes in and goes out of business. The process of tallying the bank statement with the incoming and outgoing invoices so that...
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How do invoices differ? As a business owner can I use the same template across all buyers?  Does the invoice mention the terms and conditions? Do I need to include my bank details? All these questions and many more when a business or accounting team sits to send invoices. Just to make our customer’s life...
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Head Office

Hylobiz Challenger Private Limited
Flat no. 6, Shivkamal 1076/5,
Polytechnic College,
Vidya Vihar Colony, Shivajinagar, Pune,
Maharashtra - 411016

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