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Lisa A MasonParticipant
Working capital is essential for an MSME to bridge the gap for both suppliers and manufacturers. A report says that more than 70% of the money that small businesses need comes in the form of “”working capital.”” This is where MSME owners can benefit from supply chain financing solutions.
SCF providers that use technology to automate transaction records and make it easy to track payments and invoices.
It gives a short-term loan that makes the most of working capital and gives both parties cash. Buyers will have additional period to pay their bills, and suppliers will get the money they are owed more quickly. Both sides of the equation can use the money they have on hand for future projects to keep their businesses going.
September 29, 2022 at 11:12 am in reply to: What are the bad things about using Ecommerce in MSME? #871Lisa A MasonParticipantThe best thing about physical stores is that you can see, touch, and try things, which isn’t always possible when you shop online. Physical businesses give business owners a stronger way to connect with customers and keep in touch with them over time. E-commerce websites have to rely a lot on the internet and are vulnerable to cyber-attacks.
September 18, 2022 at 6:27 am in reply to: What does the funding landscape look like in India when it comes to supply chain #879Lisa A MasonParticipantIn India, there are about 63.4 million MSMEs, which make up about 30% of the GDP and employ more than 100 million people. Over the next five years, the supply chain finance market is expected to grow at a compound annual growth cent (CAGR) of 17.1%.
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