Obtaining timely and adequate credit is imperative for MSMEs to grow and expand. Here are 11 ways you can improve the creditworthiness of your MSME. 1. Maintain your company’s correct legal identity and contact details across all statutory databases. 2.…
The primary reason for businesses to exist is to make profits. In a perfect world, having a good product that caters to a specific need for a growing base of customers would ensure profits. Unfortunately, we do not operate in…
In late June 2022, a prominent bank released a newspaper ad about an e-auction of a property to recover nearly Rs. 93 crores lent to a company called “the Great Indian Nautanki Company Pvt Ltd”. The company’s name was enough…
Finance teams in most companies have realised that they must adopt the technology and tools driving change in modern businesses. Today’s companies need finance leaders who can leverage technology to manage emerging risks. The main task of modern-day CFOs is…
Small and Medium Enterprises (SMEs), the backbone of the Indian economy are hemmed in between the large corporate and retail segments in terms of loan ticket size and have the least credit penetration. This is because non-incorporated SMEs are subject…
Several national, regional, and other identifiers are being used to cover specific needs in business, but the Legal Entity Identifier stands out compared to them because it is truly global and has already been adopted by many regulatory authorities across…
