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How Biz Analyst by Khatabook is enabling data driven business decision making for SMEs

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While SMEs in India have become more ambitious and self-reliant, they still often struggle with lack of time, resources, and most importantly digital tools exclusively designed as per their business needs to analyse their business performance regularly. As a result, SMEs end up making business decisions based on a gut feeling of owners rather than on data intelligence.

This made Mehul Sutariya and Vaibhav Vasa, who were working with tech MNCs after their masters from the US, realise the importance of data analytics in the industry. “Most of the Business owners, including our close friends and relatives, we spoke with back then did not have the most basic answers on the business performance query on their fingertips. For example, why the sales are going up or down, which products are selling more or less, which ones are more profitable, how can they improve their cash flow and most importantly, how to reduce the outstandings. They simply didn’t know.” Explains Vaibhav and Mehul. So They wanted to create a digital Analyst working for these SMEs to help them with key data/information real time, reduce the dependency on legacy systems, make smarter and faster business decisions but most importantly make their life easy.

Thus, came the idea of Biz Analyst which connects with Tally to provide real-time business data on mobile to business owners, sales & marketing teams. This innovative application is not only used and appreciated across India, but by Tally users in UAE, Africa, the Middle East, and Singapore.

Biz Analyst by Khatabook is a comprehensive business management platform integrated with Tally, helping business owners and sales teams keep track of data remotely. It has more than 100K premium users from the SME sector globally managing their businesses with real time understanding of all the business performance indicators through this app. Since Biz Analyst is integrated with tally, this app reduces the inter-function dependability on Finance and accounting and enables every function within the organization to make informed data driven decisions on their own.

With a unique business model consisting of channel partners, 1000+ at the moment, Biz Analyst by Khatabook is now used by users from the most remote of the area in the hinterland.

The Product for the SMEs

Designed with the business behavior and challenges of the SME sector at the center, Biz Analyst helps SMEs run their business efficiently with their easy to use dashboard that collects and displays all of the key business figures on a single screen. The app provides a holistic view of business with sales, inventory and accounting data analytics and makes planning strategies extremely simple with the help of a dashboard and reports.

The pandemic proved to be the biggest validation of Biz Analyst as the most critical digital tool for business management. During the pandemic, SMEs suddenly became extremely receptive to the idea of a digital tool that may provide proper data access to all the employees working from home or remotely and help them seamlessly collaborate. Biz Analyst App was designed keeping all these new age work environment contingencies in mind and hence, experienced a stiff growth in the usage of the app.

One of the Biz Analyst users, Rahul Zaveri says, “The features on the Biz Analyst app proved its mettle during the lockdown. We didn’t send laptops or desktops to our employees to enable them to work from home. Everything we needed to know was on Biz Analyst, and the business was happening fine. The app told us the outstanding and delayed payments, inventory stock levels, and more. The features on the Biz Analyst app are extremely useful when you have to travel constantly for the business.”

Features like follow up reminders on the app ensure that business owners and their team would never miss any important business activity hence, improving productivity and efficiency.

The app has the ability to create entries like sales orders, sales invoices, receipt, payment etc. which sync automatically with Tally. This has enabled multiple people within the organization to work independently from anywhere and has made the transactions with customers faster.

Efficient Cashflow Management is another business performance defining activity for SMEs. Buy now, pay later has always been a way of doing business in India. Hence, the app now allows its users to set Automatic Outstanding Reminders for all customers from the app in order to receive the outstanding payment faster. This not just saves the time spent on calling the customers but also makes the payment recovery almost 3 times faster.

Biz Analyst for Sales & Inventory

The app analyzes sales and inventory related data for efficient planning and business operations. “Based on the information on the App, we can decide what to dispatch and what to bill to vendors. We sometimes use warehouses across multiple locations, and the app also lets us know what is available where,” explains Rahul.

One can also identify most valued as well as inactive customers through the App. It also provides tips to regain the lost business based on its smart analytics. Rahul adds that this feature helps him hone his people skills and build a rapport with customers. He says, “Once I get this list, I give it to our logistics person, and tell him to dispatch sweets to them for Diwali or anniversaries.”

Scaling and empowering SMEs

As a part of Khatabook Ecosystem, Biz Analyst is positioned to become an end to end business management solution for the SMEs in India and Beyond. Ravish Naresh, Co-founder and CEO, Khatabook says,

“Biz Analyst is our first strategic acquisition as we intensify our network effects up the supply chain and focus on monetisation. The features and strengths that Biz Analyst offers are the perfect extension to our present Khatabook business portfolio.”

Biz Analyst by Khatabook has already paved the way for itself in the SME segment with the efficiencies it brought to the businesses with automation through technology. Biz Analyst plans on providing SMEs with a complete solution by integrating with various other ERP software in the future for better business analytics and insights. Data Intelligence and advanced AI-based feature enhancement are always in the pipeline to improve the experience and provide users with more actionable insights to SMEs.


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Dune: Awakening is an open world survival MMO

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Dune: Awakening made its debut at The Game Awards as an open world survival massively multiplayer online game.

The game from Funcom and Nukklear looks beautiful, full of very detailed imagery of the desert planet Arrakis, also known as Dune. The game asked for beta signups, but we got no other information. Survival is the key word. Dune is a very deadly world, with sandworms and an unforgiving climate.

You can see places in the trailer like the city of Arakeen by day and night, as well as desert biomes and more. It’s not clear when it is coming. With luck, it will be close to the second Dune movie coming in late 2023.

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Rumors confirmed, Street Fighter 6 kicks off in June 2023

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Fighting Game fans are excited now that Capcom announced that Street Fighter 6 is coming to PS5, PS4, Xbox Series X/S and PC on June 2, 2023. The game was initially announced in February 2022, but that reveal did not include a specific release date beyond 2023.

The trailer at The Game Awards focused on new mini games and the international setting. In addition to the 18 previously announced fighter, the trailer also confirms that several new fighters — Dee Jay, Manon, Marisa and JP — that will join the game’s roster.

Notably, the June 2 release date for Street Fighter 6 may be a strategic choice for Capcom. June is the very beginning of Q3.

The last installment of the franchise — Street Fighter V — released nearly seven years ago so fans have been eager for another installment. A day before The Game Awards, the game’s June release date was leaked via the PlayStation Store.

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5 Things to Do Now to Propel Your Business in 2023

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Opinions expressed by Entrepreneur contributors are their own.

Entrepreneurship is a daily leap of faith. In times of economic uncertainty, that leap may feel like a dive off a cliff. We are in one of those times. It likely will take months to fully re-adjust to the forces that have pummeled the world’s economy, and to entrepreneurs, months can feel like years.

With the right playbook, entrepreneurs can survive and thrive in whatever economic scenario. Here are five things you can do to propel your business ahead now and through the difficulties of business cycles for years to come.

1. Learn the lessons of more challenging times

A rocky economy presents a unique opportunity to make tough decisions about the business plan. Everything is open to reexamination. How has the market changed? Are your customers facing challenges that create new opportunities for your solutions? How do new conditions change your assumptions, and what actions do you need to take in response?

Critically evaluate your product roadmap. Is this the time to pivot or become more aggressive with your current plans? Prioritize the highest margin features that are achievable in the next twelve months. Push out projects that don’t make that list, and re-assign resources accordingly. Re-assess pricing. Even as inflation tiptoes back from the highest levels in forty years, raw material and transportation costs remain way up. What will impact your customers if you adjust the pricing or add surcharges to offset these costs, at least temporarily?

It’s been a rough year for hiring. Many companies took the talent they could get. If there are employees or gig workers who would fare better in a different job, now is the time to let them go. Make tough-minded corrections that will pay off overall — corrections that might be avoidable in less challenging times.

Related: How to Turn Inflation and Recession into Your Largest Business Opportunity

2. Tighten your grip on cash

Venture capitalists are pulling back. In the third quarter, Crunchbase reported that funding for startups in U.S. and Canada fell 50% year-over-year. Valuations are down across the board. If you are fortunate enough to be a later-stage startup that benefited from VC largess in 2021, make your last raise last longer than intended.

Keep your dry powder dry, and put off going for another round until the markets even out. Reemphasize the basics for early-stage companies with less market validation and greater distance between now and a potential exit. Delay all capital expenditures. Leverage the hybrid work model if possible, to reduce rent and other office expenses. Continue with Zoom or Google Meet. Now is not the time to rack up travel costs. Re-negotiate fees and terms with service providers. Seek credit terms with key suppliers, in a word, bootstrap.

3. Talk to customers, in person. Now.

How have the business needs of your customers — whether paying or beta — changed over the last 18 months? Are there benefits to your solution that have more recognized value now? Nearly every business, for example, from corporates to startups, has been forced to re-learn the lessons of supply chain management. Startups that can help their customers make better business decisions based on artificial intelligence (AI), reduce costs by improving inventory management or protect against out-of-stock scenarios by identifying and building relationships with new, more local sources of supply will have an edge.

Related: Finding Validation in Serving Customers

4. Non-dilutive capital

According to PitchBook, venture capitalists are showing greater interest in portfolio companies “whose satellite, robotics and software tools can do double duty” in military and commercial markets. International conflicts are one reason, of course.

Another is that the defense and military security industries are generally viewed as recession-proof. Our firm routinely encourages portfolio companies to consider non-dilutive funding from the Small Business Administration — grants to support cutting-edge technologies range from $150,000 to more than $1 million.

Navigating the application process isn’t for the faint of heart. A startup must be realistic about the work involved, but in many states, there are resources to help. Besides the funding, severe responses to agency requests for proposals are reviewed and evaluated by technologists. At a minimum, this can be terrific feedback and a great source of industry contacts.

5. Blue-chip cultures attract blue-chip talent

Company culture can be an asset or a liability. An inclusive, rich culture helps key hires say yes. Finding stakeholders that believe what you believe and are aligned with your team’s values significantly improves the odds that they will stick with you in good times or bad.

After months of “great resignation” fever, the over-heated demand for talent may be cooling off. Maybe offers aren’t as fast or grand as they were a year ago. Maybe Twitter won’t be the only advanced technology business to let people go. Regardless, the search for great talent isn’t a faucet that a young company turns off and on. A startup might modulate the timing or the number of hires but stand at the ready to recruit and filter for culture fit.

Related: 3 Ways to Stay Competitive in the War for Talent

With the right mindset and intentional approach, an entrepreneur can make 2023 a year to strive and thrive. As Yogi Berra, my favorite baseball player of all time, said, “Swing at the strikes.” In business, like baseball, the right swing can turn even the most challenging pitch into a hit.

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