For both, banks and enterprises, collecting EMIs is a major task. Banks have to collect EMIs on the loans that they lend, whereas enterprises have to collect EMIs from people who buy products and choose the monthly payment option instead of paying for the product right away. Without technology, the process of collecting EMIs is bound to be tedious to…
Liquidity projections or liquidity forecast is an estimation of company’s expected future cash flows. Such cash flows may be in the form of both, payables and receivables. Liquidity projections often serve as an indication to the management about how viable or/and profitable the company’s operations are going to be in the near-future. Also, such projections also would help the management…