Updated: 30 Nov 2020, 10:48 AM IST
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Pandemic lesson: Go online
If the Covid-19 pandemic has made one thing clear it is that every company whether small or big needs to go online. Some companies are helping SMEs to stay connected and become more independent. Here’s a look at five such companies and how they are helping the small companies.
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Making bookkeeping easy
Gimbooks, a cloud-based bookkeeping app, was launched in 2017. This was the same year when the Goods and Services Tax (GST) was also launched. The founder Yash Raj Agarwal believed the year was the right time to launch the app as the aim was to bring easy digital solutions to SMEs and small businesses in the country. Over the years, their services expanded to creating e-way bills, purchase orders, quotation creation, managing inventory, filing GSTR and applying for loans, among other functions. This year it has made it to the list of startup accelerator programme Y Combinator’s winter batch of 2021. The firm has so far gained 10,000 paying customers and is offering its services on a subscription basis. (Text: Garima Bora) (Pic: Gimbooks/Facebook)
Razorpay has launched Payment Buttons for startups and small businesses. Payment button enables businesses and freelancers to add a single line of code on their website or blog and go live with an integrated payment gateway, in less than 5 minutes. The product helps businesses to send automated receipts to customers without any manual intervention and is compatible with website builders and content management tools. Razorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, services and events with different price ranges – all through a single button. Razorpay has also come up with RazorpayX Corporate Cards. These bank-issued cards aim to provide relief and stabilize the financial operations of SMEs. (Pic: Shashank Kumar, co-founder, Razorpay)
This Bangalor- based fintech company provides a platform to simplify financial services such as Tax filing, TaxCloud, TDS Returns, GST, Mutual Fund Investments and CA & legal services. The platform has served around five million taxpayers to e-file their tax returns and about six lakh businesses. Earlier this year the company acquired the goods and services tax (GST) filing business of financial services firm Karvy. During the ongoing pandemic as companies looked to cut costs by letting go of people Cleartax announced that it was planning to hire 150-plus employees.
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This Chqbook will make your life easier
Chqbook was founded in 2017 and has so far helped 500,000 customers across 25 cities. The company’s mobile app helps SMEs manage their financial requirements. The company’s products include credit, loans, and current account, in addition to group insurance and bookkeeping service. It has launched a zero-balance current account for small business owners. Chqbook customers get a free digital bookkeeping service – Chqbook Khata, which enables them to record debits and credits from customers and suppliers alike. The small business owners can create and send orders to their suppliers through the app. It also has a reminding and tracking features that enables business owners to collect payments by sending a payment link to their customers. The mobile app is powered by artificial intelligence and data analytics to assess the eligibility of a potential customer and to ensure their financial requirements are fulfilled with minimum documentation.
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Founded in 2018, Ekeekaran Ventures Private Limited’s Cashbook app helps SMEs record their financial transactions. The app is easy to use and gives daily reports of expense and income and an automatic calculated balance. This fintech company runs its operations from Jharkhand. The company has made it to the list of startup accelerator programme Y Combinator’s winter batch of 2021.
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