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Banks switching from ECS to NACH, here is what you need to know

15 Sep 2016

National Automated Clearing House (NACH) has been implemented by National Payments Corporation of India (NPCI) for Banks, Corporate, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature.

Credit Score – Keeping Track of Your Financial Health

23 Aug 2016

If you have ever got your health insurance done, you are familiar with the drill. Before determining the premium, the insurer asks you to undergo a medical test to understand if you are healthy or not. Extend this analogy to financial institutions and the credit score becomes the medical test. Credit score is the financial behavior of your company over a specific period and would get built over a period…

Does good accounting help? Indeed!

23 Aug 2016

What you cannot track, you cannot measure and what you cannot measure you cannot control. This is an old saying which holds good for money also. In the simplest sense, accounting is all about tracking your expenses and revenues and following some basic standards to give a third person a clear picture of the financial health of the company. It provides clarity on the liquidity balance and helps the company…

Finance Options- A Business Can Use

23 Aug 2016

A business needs capital to fulfill the demands of growth and investment at various stages of a growth cycle. It is critical that the right source is used for different capital needs. All capital needs can be divided under three distinct verticals: 1. Short term need – from few days to few months 2. Medium term need – 1 year to 3 years 3. Long term need – > 3…

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