The Covid-19 pandemic has profoundly impacted the economy and placed gig and hourly wage workers at disproportionate risks. They are under a microscope and in the spotlight. This is because the job loss and financial insecurity during the pandemic have …
Archive
- By Team OPEN
- 24-02-2023
- 5 min read
India houses more than 63 million Small and Medium Enterprises (SMEs) and is the largest employment provider in India. They contribute to 50 percent of the country’s exports. SMEs in India also employ 40% of India’s workforce. Therefore, SMEs are …
- By Team OPEN
- 06-02-2023
- 6 min read
Finance Minister Nirmala Sitharaman tabled the Union Budget 2023-2024. Like previous Union Budgets, this fiscal year focuses on Inclusive Development (financial inclusion of small Businesses and support ease of doing business), promoting Public-Private Partnerships, Skilling (teaching-upskill), and setting off medium …
- By Team OPEN
- 15-12-2022
- 3 min read
- By Team OPEN
- 07-12-2022
- 4 min read
Small and medium-sized businesses must stay on top of their financial health throughout the year. They need help analyzing their growing economic and operational data. The competition between business organizations is fierce, so for business owners to become industry leaders, …
- By Team OPEN
- 29-11-2022
- 6 min read
Payment gateways are the ultimate go-to for both B2B and B2C businesses’ websites and apps as they ensure your company gets the benefit out of the online payment collection process. Once new customers start availing of the services, offering multiple …
- By Team OPEN
- 17-11-2022
- 4 min read
Managing employee expenses is a major task for businesses of all sizes, across different industries. What are employee expenses? Well, the term is pretty much self-explanatory: they are business expenses made by employees for different tasks that come up as …
- By Team OPEN
- 07-11-2022
- 2 min read
The GST Council, in its 37th meeting on September 20, 2019, recommended the introduction of e-Invoicing in GST for businesses. With the latest development starting from October 01, 2022, the progress has been …
- By Team OPEN
- 27-10-2022
- 3 min read
The global market size for expense management for startups and SMEs alone is expected to reach $6.6 Billion by 2028. A number that shouldn’t come as a shock as today’s business trips & meetings are where the real deals …
- By Team OPEN
- 25-10-2022
- 5 min read
If you have recently started a business of your own, chances are that you are frequently being told that you need to get a current account, which begs the question: how can a current account help your business? To understand …