Scoreme

  Analogizing  a financial statement of any company comes about in two ways. External stakeholders view it as a source to understand the overall financial health of the firm as in it’s performance and business value. Internal constituents monitor it to handle the finances of the organization in a better manner. The financial statement of any company encompass data regarding every aspect of it’s business activities. Evaluation is done based on the past, present and projected performance of the organization. The financial statement comprise of three main components i.e., the balance sheet, the income statement and the cash flow statement. Several techniques are used to analyze the finances of any firm but the three main used ones are; External analysis is done by stockholders, bankers, creditors and the general public. They do not have access to the accounts information. They analyze on the basis of published  financial statements . Internal analysis is done by t...

Non-banking financial companies   play a crucial role in the financial sector of the Indian economy. They have inherent advantages of a deeper outreach to the public, flexibility in operations, better domain knowledge and feel of the local area. They are better placed to serve the masses in the un-banked areas, particularly in the retail and MSME sector. The total credit of the NBFC sector has already crossed the threshold of Rs. 28 lac crores. The credit intensity of NBFCs, measured by NBFC credit as a ratio of GDP has been rising consistently and stood at 13.7 in 2021 as compared to 8.6 in 2013 -- retail lending forms around 30% of total lending, followed by the MSME sector. Considering the importance of NBFCs as a purveyor of credit, the Reserve Bank of India has strengthened the regulations over a period of time to ensure a robust credit mechanism for this sector. The  NBFC software for Lending Businesses,  therefore, assumes great i...

  ScoreMe, is one of the prominent fintech software companies that offer a  Bank Statement Analyzer , developed and monitored by the team of experts. This tool was compiled with the support of different domains with an objective to offer precise solutions. For instance, if a person or entity applies for a loan in any bank, then they are examined to check their credit worthiness. This is the case, where the bank   statement analyzer is a reliable tool, which gives detailed information about the financial status of the borrower. Features of Bank Statement Analyzer Tool: With a  Bank statement analyzer  the time taking process gets simplified for both the parties involved. As there are a variety of document formats for statements required, therefore, to make the process smooth, accurate and timely, configuring a bank statement analysis software is a smart decision to make. The following are the key features of this bank statement analyzer tool:   1. Adaption...

  Data aggregation  is the process of gathering organic data and presenting it in a usable and accurate manner. The data is often gathered from multiple sources and merged in order to provide accurate statistical analysis. Without data aggregation, it is challenging to work with data analytics or business intelligence.   Aggregation is often done on a large scale using Data Aggregators, the software used for the process. Data aggregators frequently include features for collecting, analyzing, and displaying aggregated data.   The process of gathering data is administered in three steps:   Collecting: During the information gathering process, data is extracted from one or more sources using aggregation tools. Analyzing: The acquired data is "cleaned" during the processing stage, and any mistakes or formatting issues are fixed. Presenting: Data is presented in a comprehensive format (normally, charts or statistics) for laymen after it has been gathered an...

  1. Pine labs   The unicorn makes point of sales (POS) machines and has tie-ups with more than 70000 retailers in India, including Pantaloons, Westside, and Shoppers Stop. POS machines help merchants process payments done through credit cards and debit cards, keep track of sales, and streamline the processes of the business. Marquee investors, such as Sequoia Capital and New Atlantic Ventures have invested in this Noida-based fintech. 2. CRED It is a rewards-based credit card bill payment platform. CRED lets users pay credit card bills, keep track of their credit score, make regular house rent payments, and provides short-term credit lines. Based in Bangalore, CRED supports credit card bill payments for American Express, Standard Chartered, Citibank, HSBC, HDFC, ICICI, SBI, AXIS, RBL, PNB etc. The platform supports VISA, MasterCard, American Express & RuPay cards. Investors like Sequoia Capital India, Ribbit Capital, DST Global, and Alpha Wave Global have invested in CRED...