Did you know in the fiscal year 2023, India witnessed a staggering 103 billion digital transactions, amounting to over 166 trillion Indian rupees. Despite the substantial financial activity across the nation, effectively organising transactions in your bank statement remains a critical task for gaining insights into your spending patterns. Lenders always struggle to figure out […]
The balance sheet is a financial statement that provides information about a company’s assets and its sources of capital (equity and liabilities/debt). In this context, balance sheet analysis examines a company’s balance sheet to assess its financial position, liquidity, solvency, and overall financial stability. It has emerged to be a valuable tool that helps lenders, […]
The banking industry has undergone an extensive transformation over the last few years. Rapid digitisation of banking processes and financial ecosystems is reshaping business. Many banks are reducing the number of physical branches while enabling consumers to open accounts online and carry on their transactions in no time. On the flip side of this heartwarming […]
Despite the arrival of cutting-edge technologies, including artificial intelligence (AI), robotic process automation (RPA), and big analytics, Microsoft Excel still commands a firm grip over financial companies. Even today, analysts at Wall Street continue to rely on Excel sheets primarily due to their reliability, long history of use, and, sometimes, the sheer aversion to switching […]
There is a growing trend of some players in the startup world using misrepresented financials to attract an injection of capital into their ventures. For instance, a recently acquired promising startup was in the news when the acquirer discovered that the business’s financials did not tally up. The acquirer business, despite all efforts, landed in […]
A financially healthy company’s operations and growth often depend on effective cash management, which starts with developing a precise cash-flow forecast. Instead of a profit-and-loss statement, a cash-flow analysis balances several financial factors over a predetermined time frame. However, even a meticulous cash-flow forecast doesn’t guarantee future liquidity. To accurately predict the company’s financial inflows […]
Bank statement analysis is important in obtaining and analysing financial data for finance and corporate management. According to Shopify, financial statements serve as an accounting form of assessing a business’s health. Although having a single bank statement for a business can provide valuable insights, but it becomes increasingly challenging once the business has multiple accounts. […]
In India, personal loans are often the linchpin that supports numerous aspirations, be it a dream wedding or a much-needed home renovation. Being unsecured in nature, these loans demand a coherent verification process. However, the traditional method of manual analysis is laborious, error-prone, and time-consuming. While documentation requirements vary across institutions, one universal constant is […]
The dynamic and evolving business landscape has compelled companies to leverage technology, such as financial analyzer software, to streamline operations and boost business deliverables. With data analysis and software-as-a-service or SaaS taking centre stage in recent years, businesses that have embraced these innovations have gained the upper hand over their competitors. Additionally, businesses that stay […]
From food stall owners to rickshaw drivers, restaurants to airports, quick response codes or QR codes have become a staple in the Indian digital payments ecosystem. The entry of fintech startups, the COVID-19 pandemic, and the efforts to improve customer convenience have propelled the demand for QR codes, especially in the emerging Southeastern economies. Currently, […]
