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Critical decisions in the fast-moving B2B cross-border remittances relate to compliance and strategic alliances. Compliance is needed for those transactions that involve adherence to legal and regulatory stipulations, consequently limiting the exposure to risk and enhancing trust. Alliances may be…
The GST has brought many changes in the way business is conducted in India, particularly when dealing with foreign exchange transactions. Businesses engage much with clients based across borders due to the increasing globalization of services; hence, one must know…
In international trade, with fastness comes the primary need for efficient and streamlined processes for tracking payments and discharging relative regulatory obligations. One such tool is the Electronic Bank Realisation Certificate (eBRC) for exporters. This digital certificate, brought into effect…
SEPA has revolutionized cross-border payments in Europe by reducing payment costs and the needed time to complete the transactions. Together with the four members of the European Free Trade Association (EFTA)—Iceland, Liechtenstein, Norway, and Switzerland—SEPA consists of the 27 countries…
Making efficient purchase orders can be the deciding factor in the smooth running of a business and its profitability. Purchase order management becomes an integral part of procurement since it entails the procedures and guidelines put in place to ensure…
In the constantly changing digital environment, identity management has risen as one of the most critical modules of cyber security and personal data protection. Managing digital identity is the process of administering and securing information that uniquely identifies individuals in…
The terms pre‐money and post‐money valuation are two of the fundamental terminologies originating from the start-up and venture capital universe. Every entrepreneur or investor should understand how valuation works. Two major concepts about funding that often people know are pre-money…
Bank sort codes are an important element in banking. Wiring details are essential for ensuring the right routing to a payment or transfer to some other bank account. This process is mandatory in the United Kingdom, Ireland, and South Africa.…
In this era of digital disruption on every front, it's difficult to believe that any sector would be immune from this technological surge. Yet probably the most radical, at least in the financial space, appears to be the idea of…
One can note the cross-border transactions that flow into the country. In such a case, to the person remitting money to India from abroad, a Foreign Inward Remittance Certificate becomes very crucial in the purview of legal and financial processes.…
