Industrial Automation Magazine India

Recordent celebrates MSME Week with the launch of its MSME Knowledge Centre

Published on : Friday 07-07-2023

The MSME Knowledge Centre is aimed at empowering small businesses across the country.

Hyderabad, July 2023: Recordent, a leading Credit-to-Cash Management platform, is proud to announce the launch of the MSME Knowledge Centre. This initiative aims to empower Micro, Small, and Medium Enterprises (MSMEs) nationwide by providing them with the necessary knowledge, tools, and resources to thrive in todays competitive business landscape.

MSME Knowledge Centre, a dedicated section on the Recordent portal (www.recordent.com/knowledge-center), has been formulated to cater specifically to the needs of MSMEs. A team of experts from Recordents ecosystem has worked passionately to curate and create high-quality content for the Knowledge Centre, ensuring it delivers immense value to MSMEs.

Recognising the struggles MSMEs face in accessing information on government schemes and resources, the Knowledge Centre aims to provide a comprehensive compendium of government schemes from the Central Government and 24 Indian states. This centralised resource will offer clear descriptions, eligibility criteria, and application procedures for each scheme, simplifying the process for MSMEs to leverage the support they deserve.

In the digital era, MSMEs are presented with a wide array of tools and software options, often leading to confusion and inefficiency. The Knowledge Centres Digital Toolkit for MSMEs will serve as a curated guide, offering valuable insights on various digital tools and software solutions available in India. It will help MSMEs navigate the options and select the ones best suited to their unique requirements by providing information on their advantages, disadvantages, and pricing.

The MSME Knowledge Centre will additionally feature a collection of insightful blogs covering various topics relevant to MSMEs, including analytics, trade credit insurance, credit reports, customer credit policies, and different types of business loans available to MSMEs.

To further enrich the learning experience, the Knowledge Centre will host a series of webinars in collaboration with major industry and government bodies such as the National Institute of MSME, Taloja Industry Association, and Chambers of Commerce. These webinars will feature renowned industry professionals who share their expertise, insights into best practices, and the latest credit management trends and business growth trends.

MSMEs form the backbone of the countrys economy and serve as one of the largest employment generators. However, they have faced significant challenges, and their survival, revival, and vitalisation remain a priority. Recordent acknowledges the critical role played by MSMEs and is dedicated to supporting their growth and success. We are excited to bring the centralised platform – the Knowledge Centre – which will enrich the learning experience for MSMEs and empower them to thrive. This initiative has the potential to significantly impact the growth and success of MSMEs, said Winny Patro, CEO & Co-Founder of Recordent Private Limited.

Recordent provides a holistic solution to address the diverse needs of small businesses in India. Their comprehensive Credit-to-Cash Management Platform includes features such as accounts receivable management, payment reminders, legal notice assistance, analytics, trade credit insurance, business loans, and credit reports, among others