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A list of the top 5 platforms that SMEs should utilize for long-term success

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    Due to the fact that they stimulate innovation, create jobs, and provide value on a global scale, SMEs are crucial to national economies. SMEs play a critical role in the goal of environmental sustainability and more equitable growth. With improved access to global markets and information networks, SME contributions can be increased, but participation is weakened by trade and investment obstacles. Moreover, Businesses are unable to operate efficiently or reach international markets at competitive costs due to a lack of physical and Digital infrastructure.

    Companies need a platform that will help them in the long run and provide them the ability to dominate in this competitive climate in order to tackle these problems. These are a few platforms that are promoting the long-term success of small enterprises.

    Also Read: Start-ups, small businesses, and businesses: Key Highlights of the Union Budget 2023

    Keka: Vijay Yalamanchilli founded Keka, the top HR digital platform in India, in 2015. Keka supports small and medium-sized businesses and has established itself as a specialist in the SME market. The program assists HR teams in devoting less time to tedious duties and more time to the most important resource of any organization: its employees. Payroll, hiring, leave and attendance, performance management, and other processes are easily streamlined and automated using Keka. With a reach of 6500+ clients across several industries, including IT services, pharmaceuticals, manufacturing, professional service organizations, accounting, taxes, fin-tech, and others, it has been able to make an enduring impression. It presently manages 1.5M employees’ payrolls globally.

    Rubique’s: With a wide range of loan, credit card, and insurance options, the leading financial online matching platform Rubique’s may easily, quickly, and conveniently meet any financial need. The systems of financial institutions have been connected with Rubique’s online credit marketplace platform, which is based on an AI-based recommendation engine, to enable real-time processing and provide customers with access to online approvals. As a maker platform (B2B), Rubique develops technical (/topic/technology) solutions for other stakeholders, such as TAB solutions to streamline the loan application process for SMEs (/topic/SMEs) and white label solutions for financial institutions.

    Tally Solutions: For more than 35 years, Tally Solutions has provided support to Businesses. Recently released TallyPrime helps MSME owners and business owners to boost their company efficiency. The TallyPrime GoTo and SwitchTo solutions help SMBs master new business management techniques. Its GoTo function facilitates data entry. Users won’t need to update their abilities or learn new processes in order to switch to and accept new releases because the product is scalable. Presently, two million SMEs pay for it, and during the previous three decades, almost five million SMEs have used its accounting software. Tally serves more than six million customers from more than 100 countries and a range of sectors.

    Vyapar app: In order to assist micro and small businesses with invoicing, inventory, accounting needs, and more, a business accounting software was launched in 2016. SMEs may utilize this software to quickly monitor their company’s performance, manage all stakeholders from a single place, and become GST-compliant. This tool makes it easier to create, print, and distribute customized invoices as well as conduct offline, internet-free company bookkeeping.

    Download the Vyapar app with 90% Discount

    PayU: PayU is one of the options that SMEs may use to improve operational efficiency, improve customer comfort, and reduce costs. During the April to June quarter, the firm welcomed 100,000 new SME merchants. During the epidemic and shutdown, PayU developed a variety of programs to help Businesses. The company is using data science to understand its clients more fully. A group of models that consider a customer’s capacity and desire to pay are used to determine their “worthiness.” Their chatbot for customer service uses a customized NLP model that was developed using previous information from customer service encounters. PayU integrates conventional data sources, including customer payback patterns, banking, and bureau data, with user platform and app interactions, consumer purchasing patterns, and other details.

    Also Read: Khara: SBI may meet SME book target a year earlier

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