AN ONLINE PLATFORM OFFERING SMALL BUSINESS LOANS, ACQUIRESadmin
We have added another feather in our cap. We have acquired Loanvenue.com, a Mumbai-based supply chain financial platform. This news has been featured on the TOI website also.
This acquisition will enable us to strengthen our supply chain financing vertical in the SME ecosystem. Loanvenue.com platform helps SME buyers to procure goods & services on credit while ensuring that the sellers get their money upfront, thereby enabling instant liquidity.
loanvenue.com is a digital platform for underserved SMEs to avail loans without collateral, and believe that this acquisition will also be instrumental in underwriting loans using ERP integrations with SMEs. Currently, our technology-enabled platform offers unsecured business loans for business expansion, working loan, seasonal inventory,
Point of Sales (or POS) transaction refers to the moment where the customer makes the payment against goods or services. This payment process can be completed via any of these mentioned methods, including payment via cash, credit cards, debit cards, mobile payments, loyalty points, and even gift cards. A study revealed that the POS transaction has marked a remarkable double-digit growth in this existing year. This POS funding offers numerous benefits including the improvement of cash flow, enhancing the sale of products, and maintains a positive image of the company.
It is one of the major advantages of Point of sale system that all the transactions via the system are in a quick mode. Besides, no one wants to spend their time standing in a queue and waiting for their turn. Moreover, the POS system is also better as compared to manual billing, as it is well-equipped with trustable hardware like barcode scanner, receipt printer, etc. that allows fast billing in much lesser time.
Point of sale system can also be considered ideal for inventory management. As one can easily track the overall sale of the product and get notified about the stock up-gradation. The POS system thus proves to be the best and innovative system compared to the maintenance of cash registers.
Another advantage of Point of sale system accounts to the lowering of costs incurred in the business. For instance, this system decreases the need for many employees, owing to the adoption of automation systems during billing. Moreover, these systems are also capable of enhancing the productivity of the staff, by acknowledging their skills like time management features.
With the point of sale system, one can also add or choose the payment mode as per the buyer. The POS system enables the selection of best payment options among others, including credit cards, debit cards, online banking or others.
EASY TO UPGRADE:
Cash registers are hard to upgrade, and on the contrary, the POS system can be upgraded easily. Additionally, one can also add extra features as per the requirement. It makes the software better and eases the workflow of the user.