Mynd Fintech

Ask any businessman, and he will tell you the importance of working capital. It is like oxygen for a business and helps a business maintain its solvency. WHAT IS WORKING CAPITAL? Also known as Net Working Capital (NWC), Working Capital (WC) is defined as the difference between a company’s current assets and its current liabilities. It is an indicator of a business’s liquidity and short-term financial health and its ability to utilise its assets efficiently. IMPORTANCE OF WORKING CAPITAL MANAGEMENT: When a company’s current assets are more than its current liabilities, it is said to have positive working capital. This means that the company is in a good position in terms of liquidity and financial health. Hence, having a positive WC helps a company maintain its solvency. The various factors which highlight the importance of working capital are as follows: Managing liquidity : By getting a clear idea of impending expenses or expenses coming up, the finance department can take stock o...

TreDS is India’s first and only approved initiative that helps MSMEs get working capital at a competitive interest rate through the simple process of invoice discounting. Mynd Solutions, India’s leading global service provider in business process and technology management, offers a service under the brand name M1 Exchange. The RBI approved platform offers working capital to MSMEs under the banner of TreDS. Mynd Solutions helps MSMEs get working capital at very competitive interest rates by reducing the receivables realisation cycles through this service. Please visit this link to learn more about this blog:-  https://myndfin.com/sources-of-working-capital/