Indian smes – growing global aspiration

Indian SMEs – Growing global aspiration

Bizxchange, in association with Wealthtree Partners organized a seminar on ‘Internationalizing Indian SMEs’ on January 19.  The focus of the seminar was on understanding the European market and uniqueness of the different European countries. More than 40 representatives of SMEs from different sectors including jewellery, metals and manufacturing, textiles, IT, green technologies, etc, attended this insightful discussion forum.

The first session started with S Venkataraman, promoter of Wealthtree Partners, a cross border advisory firm, talk extensively about the possibilities as well as the challenges of international trade for SMEs. He explained the different modes of doing international trade, which includes, sub contracting, distribution arrangements, technology transfers, overseas acquisitions, among others. “SMEs contribute for 43% of industrial output, 40% of Indian exports and provides employment to approximately 42 million people, this clearly means that SMEs are a significant sector in the Indian scenario,” stated Mr Venkataraman.

He also helped understand how several Indian SMEs were aiming high internationally by showcasing their success stories through case studies. He added, “There are opportunities in the African and Latin American countries that are yet to be tapped.

The second session was conducted by Johan Van Hamme, MD of Clear Vantage, a Belgian company. He dedicated his presentation primarily in understanding the varied cultural differences that exist in the countries of Europe. “Cultural influences, company infrastructure, work interactions all affect the overall process of working with European countries. For example, being late for a meeting for even 5 minutes is not acceptable in Germany, but in France, with sufficient reasons to back it up, you can be late for maximum 15 minutes.  Again, in Netherlands, Poland or Finland, people are very straightforward, be prepared or you might get a rude shock,” explained Mr Van Hamme. He also mentioned some of the sectors that have good business prospects for Indian SMEs in the European markets – automotive, e-commerce and green energy among others.

Both speakers answered several queries and got a good response from the attendees. Upasana Jani and Rashmi Jagasia of Zycus Infotech, said, “It was an excellent session especially because we got to know so much about the different cultural issues. It will help our work immensely”

For more detail on Business Directory log on to http://www.bizxchange.in/

How to choose the shopping cart

How to choose the shopping cart

And there is also an option which is to sell through your website and for that you need shopping cart.  Let us look at few e commerce shopping carts which would help us to sell the products through own website.

Simple carts

If you just have only few products to sell online, than you just have few available options. One you can use the sites like half.com, eBay as they already have their brand design and online presence. The other available option is the payment processing capabilities. For example: PayPal, Google check out. These carts work quite well if you have an existing Ecommerce website design.  They would let to use their website to organize your products, while generating the payment button code which you can paste and copy into the web pages. This code generates the button in your web page which is when clicked takes the visitor in the service of payment.

PayPal

It is an online process of payment which is owned by eBay. Before using PayPal you need to register the account. You need to set up the PayPal account than connecting the bank account with the PayPal account. To create the product within the PayPal account, you need to select the services and products tab on the main account page, than the website link on the services and products page. This would help you to buy the buttons page. You can select the mode of payment button than you can easily follow few directions. It is quite an easier process for creating an email or button link to the product you sell.

Google check out

Google has also introduced its services of online payment. To start using google check out, one needs the google account. The process is more or less similar to PayPal. Also Google Checkout may be used as the payment processor, in the shopping carts which you yourself host. When it is used as a payment processor in the complete feature shopping cart, buyers can easily store their details of payments with Google and they do not need to enter the data in your website.

Custom developed carts

Apart from the regular carts, there are also custom developed shopping carts. They are created either by the programmer who sells the cart to the client or they are based on the existing carts. You should carefully analyze and research your requirements.

How document management can help any business emerge from the chaos of too much paperwork

How document management can help any business emerge from the chaos of too much paperwork

Document management is a very broad term describing a variety of cataloging processes. Although the term sounds fancy, it can even refer to someone just stuffing important paperwork into the drawer of a desk. But at its most sophisticated level, document management is the process of keeping track of these important documents from the time they are printed to when they are finally shredded. Most document management articles on the Internet and in print agree on the the definition and function of document management as it???s practiced in a modern business environment. With a successful system of document management, business can easily create, classigy, store, update, coordinate, secure, locate and then eventually safely get rid of their most classified documents. When computers were new, it used to be that only the wealthiest companies were able to use document management systems. This is because it took heavy hardware to be able to carry out the functions of a document management system. The advent of very affordable and IT systems in the last couple of decades puts sophisticated document management solutions within the reach of even relatively small businesses. However, not every document management system has the capability to do every aspect of document management. Some products are broader in scope than others are. For example, one document management system concentrates it’s services on the disposal of unneeded and outdated paperwork in a secure way. No matter what each company specializes in, they all have the same goal in common; to help a business be both organized and accurate. A few of the companies that provide document management services are listed below, as well as a basic sketch of the areas that they specialize in. For each company, you can click on the link to their webpage for more information. Imanage Document Management works to help corporations with world wide operation bases manage a wide variety of documents. Astron Document Management offers an extensive line of services including:business transcription, correspondence and mail processing, Customer service, data entry and capture, E-commerce, finance and accounting, insurance claims, online transactions. Invu Document Management offers a range of software and hardware solutions to make an office nearly paperless. It integrates with existing Microsoft and other systems to consolidate all of your documents into a new or existing filing system that can be searched, and updated from the anywhere in any location world wide. Cintas Document Management helps business manage their documents by shredding documents, imaging documents, and storing them for long periods of time. Alfresco Document Management’s program can actually be customized and changed so that it can help with a business’s specific needs. This program easily integrates with already installed Microsoft programs, so it is easy to put into operations and does not upset the normal functioning of the business.