Invoice Factoring is a financial tool that allows businesses to improve cash flow by selling their outstanding invoices to a factoring company in exchange for immediate funds. Instead of waiting 30, 60, or even 90 days for customer payments, businesses receive a significant portion of the invoice value upfront, with the remaining balance (minus a … Continue reading Jargon of the Week – Invoice Factoring
Tag Archives: MSME
Struggling with Unpaid Invoices?
Imagine running a small enterprise where your payment cycles stretch from 90 to 120 days, while your operational costs demand immediate attention. This is the harsh reality for many Micro, Small, and Medium Enterprises (MSMEs) in India, where delayed payments have become a systemic issue, severely impacting their cash flow and sustainability. For MSMEs, delayed … Continue reading Struggling with Unpaid Invoices?
GSTIN/PAN MSME Identity Verification Solution
Every GSTIN Tells a Story – Are You Listening? A 15-character GSTIN isn’t just an identifier; it’s a blueprint: 🗺️ State of Registration 🏙️ Number of Registrations within a State for the Same PAN 🆔 PAN of the Business 🔍 Built-in Error Check At Rubix Data Sciences, we help you decode this blueprint with our … Continue reading GSTIN/PAN MSME Identity Verification Solution
Navigate Safely With Rubix MSME Due Diligence Reports
Imagine setting out on a road trip to an uncharted destination. You wouldn’t embark on the journey without a reliable map, a thorough vehicle check, and a plan to avoid potential hazards along the way. Similarly, in the business world, entering partnerships or engaging with new counterparties without thorough due diligence is like driving blindfolded—it … Continue reading Navigate Safely With Rubix MSME Due Diligence Reports
The Salsa of Inflation
Who knew that tomatoes could be the next big threat to the Indian economy? Move over oil prices and currency fluctuations, it’s time for the humble tomato to take center stage! 🍅💰 With prices skyrocketing to record highs, it’s no wonder that politicians are on high alert. It could destabilise governments! After all, we all … Continue reading The Salsa of Inflation
11 Ways You Can Improve the Creditworthiness of Your MSME
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. Ensure that bank and NBFC loans are serviced on time and credit card payments are … Continue reading 11 Ways You Can Improve the Creditworthiness of Your MSME
Spotlight on India: A Rise in LEI Mandates Offers MSMEs a Springboard for Growth
Growing regulatory enforcement of the LEI across India promotes an identifier that can open doors to global trade and finance opportunities for the region’s MSMEs Author: Xue Tan, Head of Business Development for Asia region at the Global Legal Entity Identifier Foundation (GLEIF) The Legal Entity Identifier’s (LEI) star is rising in India. A wave … Continue reading Spotlight on India: A Rise in LEI Mandates Offers MSMEs a Springboard for Growth