Business

The capability to make payment in small proportions without paying any interest is the latest craze among people especially the young cash-strapped generation that wants to enjoy the instant satisfaction that this mode of payment (BNPL) offers. Seeing the popularity, a number of financial institutes such as banks, e-commerce, or retailers have come up to please their customers’ needs.  Buy Now Pay Later has made it possible to enjoy the shopping even for all those borrowers who do not any credit history. For all those shoppers or retailers, who have to tighten the strings of their purses due to some reasons or the retailers who are in need of some money to maintain their cash flow, this mode of payment has proved quite a boon. Here are few points to understand the way BNPL works: W...

Many people do not know about the definition of OEE. OEE means overall equipment effectiveness or overall equipment efficiency. Other definition of OEE is as follows – the way to measure the productivity of a machine in a production process. Some other easy definition of OEE is that it compares the performance of the machine with its relative capacity. Another simple definition of OEE is that it is a metric that finds out the percentage of planned production time, which is genuinely productive. Several ways are there in which OEE calculation can be done. However, it requires a OEE calculator to calculate the same. How to Calculate OEE - Several people will have this common question, OEE how to calculate? While doing the calculation, the OEE is 100% that means that your production is g...

What is business speed dating? Speed networking online/digital networking (also known as business speed dating) is a highly efficient and effective method of making professional business network for companies and new contacts. The goal of business speed dating is to encourage participants, new contacts, entrepreneur, new entrepreneurs and medium-sized entrepreneurs, business owners, sales managers, self-employed people, and working-class child network to connect with as many people as possible for speed dating business online on online meeting at zoom and Microsoft teams. Speed dating business was invented in the early 2000s by Tom Jaffee, who brought the concept of speed dating into the corporate world. The main distinction between speed dating and speed dating business or digital net...

In India, the financial organisations, including HFCs (Housing Finance Companies) and NBFCs (Non-banking Financial Companies), offer a variety of home loan offers to suit the different needs of the people. Today, you can avail of a home loan to purchase a new ready-to-move flat or construct your own home. Also, you can use your existing home as a collateral to avail loan against property. However, many first-time borrowers do not understand the difference between home loan and loan against property or LAP and tend to use the terms interchangeably. The truth is home loan and LAP are entirely different financial products that serve different purposes. So, if you are looking for the best home loan in India, you must be aware of the key differences between LAP and home loan to make the ...

As more subscription-oriented businesses come up in the market, the range of negative consequences has ramped up immensely. Many small and mid-level companies attempt to Dunning to successfully implement the invoice collection. If you consider the online dunning procedure the ultimate way to collect your overdue bills, you have stepped in the right place. Companies must follow this effective measure to prevent them from major financial losses. As customers' payments to the companies are not cleared within the given deadline, it's important to set a settlement for effective invoice collection rather than chasing only. This is how dunning works! Seems difficult to execute. Make sure to prepare your dunning receivables management tone with utmost proficiency to maintain good customer relati...