SpiderG: In Pursuit to Maintain the Growth of Indian SMEs
SME (Small-Medium Enterprise)Sector has been playing a significant role in strengthening country’s economic progress and international standing. However, SMEs require working on their internal structure, processes and practices to continue their journey of growth. SMEs are still grappling with some of the inherent challenges related to people,culture and finances which must be essentially addressed. Hailing from Pune, SpiderG is an online business assistant for SMEs helping the business to simplify the workflow through the essential features such as e-invoicing, book keeping, payroll and leave management, collateral free loans and real time reports. Moreover, the organization provides real time syncing with Tally.Streamlining Bookkeeping and Workflow via Glady
Artificial Intelligence is expanding into employee facing technology fuelling the development of chatbots. These chatbots make it smoother and faster for employees to automate routine tasks, communicate within the organization as well as with the peers in the market. Acknowledging this on-going trend, SpiderG has developed a chatbot called Glady to assist employees manage book keeping and workflow. The chatbot significantly reduces the user’s learning curve and assists them to better understand SpiderG’s applications by enabling navigation to specific pages. While generating notifications and reminders on approvals, it provides access to various reports and informative contents. In addition, Glady performs task creation, allocation, monitoring and management along with other accounting and HR operations.
In order to simplify the tedious payroll processing, SpiderG delivers a comprehensive suite of payroll management solution that automatically adjusts leaves, salary advances and expense
reimbursement in final salary calculations for the month. The solution provides employee’s investment details, and automatically calculates tax to be deducted for the employer thereby making the salary processing seamless and transparent. The company has also built QR code based attendance systems to assist companies to structure their attendance and leave management.
An Aid to SMEs’Financial Dilemmas
Many banks and financial institutions such as NBFCs overlook SMEs requirement of business loans. As there is no credible base for financial institutions to evaluate the loan proposition by SMEs, SpiderG is creating a market place for business loans, where an SME’s loan request is taken to various NBFCs /banks. SpiderG focuses to cater the problems faced by SMEs about working capital mismanagement & crunch that arises due to mismanaged accounts and complex access to finance. The company works to provide real time data logistic bridge between an SME and financial institutions to monitor fund deployment post funding. SpiderG’s e-invoicing network connects SMEs and ensures uninterrupted transactions and communication with each other while making flow of documents like invoices seamless and tracking of receivables easy.
With a mantra to emerge SpiderG as one of the largest B2B network, the company has planned to widen its presence in North American and European market. Having 2000 SMEs on board and 5000 users within one month of launch, the company envisions developing B2B payment gateways and SMEs analysis and discovery platform for NBFCs /Banks.
SpiderG has developed a chatbot called Glady to assist employees manage bookkeeping and workflow
An Aid to SMEs’Financial Dilemmas
Many banks and financial institutions such as NBFCs overlook SMEs requirement of business loans. As there is no credible base for financial institutions to evaluate the loan proposition by SMEs, SpiderG is creating a market place for business loans, where an SME’s loan request is taken to various NBFCs /banks. SpiderG focuses to cater the problems faced by SMEs about working capital mismanagement & crunch that arises due to mismanaged accounts and complex access to finance. The company works to provide real time data logistic bridge between an SME and financial institutions to monitor fund deployment post funding. SpiderG’s e-invoicing network connects SMEs and ensures uninterrupted transactions and communication with each other while making flow of documents like invoices seamless and tracking of receivables easy.
With a mantra to emerge SpiderG as one of the largest B2B network, the company has planned to widen its presence in North American and European market. Having 2000 SMEs on board and 5000 users within one month of launch, the company envisions developing B2B payment gateways and SMEs analysis and discovery platform for NBFCs /Banks.
