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Use SAP Business One and Get More Bank Loans – Faster!

SMEs usually find it hard to gain a banku2019s confidence and cannot take large financial risks. How can SMEs get banks to trust them? How can we easily use SAP business for bank loan?<br>

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Use SAP Business One and Get More Bank Loans – Faster!

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  1. Get More Bank Loans Faster with SAP Business One www.praxisinfosolutions.com

  2. Introduction • SMEs usually find it hard to gain a bank’s confidence and cannot take large financial risks. • How can SMEs get banks to trust them? How can they gain easy access to more credit? • The solution is to share business information with the bank in real time and be transparent.

  3. Banks frequently offer cash credit to borrowers by securing the hypothecation of stocks and debtors against it. • Borrowers submit the details of stocks and debtors to the bank every month. • Banks then calculate the drawing power after reducing the prescribed margin. Use SAP Business One and Get More Bank Loans – Faster!

  4. SMEs are often unable to submit the required information to banks on time. • Lack of systems and processes is a major reason for non-compliance of SMEs. • Most processes are handled manually without the use of reliable technology, leading to inaccurate data. Use SAP Business One and Get More Bank Loans – Faster!

  5. Manual processes are not only time-consuming, but also prone to human errors. • SAP Business One, developed by SAP SE, can resolve many of these problems. • Developed especially for SMEs, it allows different departments to fetch data on a single system in real time. Use SAP Business One and Get More Bank Loans – Faster!

  6. SAP B1 has a make-checker system to verify transaction entries before they get posted in the system. • It records useful information about every business partner and can show their account balance any time. • This hastens business processes as the system automatically updates relevant transactions. Use SAP Business One and Get More Bank Loans – Faster!

  7. SMEs can use SAP Business One to provide accurate information about stocks and debtors to banks on time. • Banks will then consider SMEs to be viable. • Banks can then offer cash credit or term loans to SMEs easily, as and when required. Use SAP Business One and Get More Bank Loans – Faster!

  8. THANK YOU Visit Our Website 101, Sujam, Behind Maharaja Complex, Paud Road, Kothrud, Pune – 411038. MAHARASHTRA, INDIA 91-8805025518 marketing@praxisinfosolutions.com

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