payments recovery

National News 1

‘Business Doctors’ forays into Consultancy on Fund Raising & Outstanding payments recovery

MNC Business Support Company, ‘Business Doctors’ forays into Consultancy on Fund Raising & Outstanding payments recovery through ‘The Funding Doctor’! Hyderabad, February 19th, 2020: Business Doctors – a multinational business support company based out of UK, with presence in eight countries, providing mentoring to MSME business owners, announced its foray into advisory on Fund Raising through a new vertical – The Funding Doctor. The Funding Doctor will service clients in the critical functions of Outstanding Payments Recovery, Funding Advisory, Raising Debt and Equity through Venture Capitals, Private Equity and Listing in Capital Markets. Major challenges facing MSMEs The Small and Medium Enterprises have emerged as the backbone of the Indian Economy by contributing upto 40% of India’s GDP and employing around 60% of the country’s population. However, in the fast paced, dynamic and competitive environment, the SME’s are facing challenges to Survive and Succeed. The major challenges MSMEs face are Lack of access to Funding & Credit, unable to cope up with the rapid Digitalization & Technology adoption and Lack of Strategic direction for growth and expansion. The mortality rate of MSME and start ups is quite high as 90% of them perish in the first three years, the reasons are lack of scalability model, lack of professional support and good talent, cash crunch due to payments to them being delayed and lack of access to credit. The three critical ingredients for the Survival, Sustenance and Success of any business are the Business Model, Cash Flows and People & Processes, says Mayiri Sreenivasa Rao, a Certified Business Doctor & Co-Founder, The Funding Doctor, Hyderabad. Cash Flow Management is the most critical element in Business Management. Helping Business Owners in managing their cash flows adequately and overcome the situations of financial crunch can in a big way aid them to focus on the other equally critical day to day business operations. The Funding Doctor will bridge this dearth of expertise in both the Telugu states. In situations where the business is impacted with poor cash flows, either due to lack of funds, or precarious outstanding payments, lack of access to availing…