Digital India: How Business Management Apps are Helping India to Realize its Dream

India has been digitalizing at a rapid pace driven by a combination of factors, including growing broadband penetration, technological advancements, low costs of data usage, and the government’s thrust on building digital infrastructure. The advent of mobile apps for business optimization is just another bedrock.

The 21st century signifies an era of digital advancement, where countries embracing it have significantly increased economic efficiency and competitiveness. This has led to the creation of new businesses and products, addressing challenges related to enhancing financial inclusion, improving governance, and reducing inequalities.

India, in its pursuit of becoming a digital nation, has confidently taken a prominent position in terms of digitization. 

Guiding this transformative journey is the Union Government's Digital India initiative—a blueprint for the nation's vision of a seamlessly connected India where the benefits of technology are accessible to everyone.

Regardless of their geographical location, individuals can engage in the vibrant Indian democracy, contribute to the national economy, and access governmental services effortlessly.

This initiative has inspired numerous businesses and startups to adapt and evolve. The B2C segment has witnessed significant growth with the introduction of concepts such as e-commerce, online shopping, and online booking.

Digital Transformation Challenges with B2B, Manufacturing, and MSME Sectors

While many sectors ride the digital wave, B2B and MSME businesses, especially those in manufacturing, grapple with significant challenges in their digital transformation journey. Specifically, businesses seeking to digitize financial processes and operations encounter hurdles.

These obstacles are pronounced, with industry giants like SAP and Tally, known for their high-cost software, exacerbating the struggle. These solutions not only make digitization difficult but also strain the budget. Furthermore, there's a requirement for someone to operate it efficiently, introducing an additional layer of complexity. For small businesses striving to keep pace with the rapid changes, this turns the digitization path into a formidable challenge.

Nevertheless, this situation is also evolving, driven by the rise in smartphones and B2B apps.

Smartphone Revolution: How B2B Apps are transforming Business Operations

Projections indicate that the country will boast 1 billion smartphone users by 2026.

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This surge in smartphone usage is reshaping the way businesses operate, with a transition towards mobile applications.

In the B2B space, B2B apps have emerged as a powerful tool to drive and democratize digitization. B2B apps offer greater accessibility, affordability, convenience, and speed to businesses of all sizes. 

One such example is Khatabook a popular B2B app to help businesses track their sales, purchases, and inventory, create customized invoices, and share them with customers. It also provides detailed sales and purchase reports, tracks low stock, and offers profit tracking at daily, weekly, and monthly levels.

Other examples of B2B apps in India include IndiaMART, an online B2B marketplace app for Indian buyers and sellers 4, and BizAnalyst, a mobile app that allows businesses to access their Tally data and manage their business from their mobile.

However, the potential of mobile B2B apps to drive B2B digitization is not limited to these examples.

A recent study by SpringerLink highlights the significant role that digital technology can play in enabling India’s MSME segment. The study emphasizes the need for joint buy-in from the government, solution providers, and users to create an emerging infrastructure that can support the growth of mobile B2B apps in the space.

Inspired by the need to push the democratisation of B2B business and distinctive initiative from the Government of India, Bizongo,an end-to-end vendor digitization platform, is taking noteworthy steps in contributing to the mission of democratizing the B2B segment.

Bizongo is poised to launch Bizongo Next, a B2B app that will facilitate the B2B segment with seamless communication with vendors, improving transparency, ease of doing business, and overall efficiency.

Unlike traditional ERPs Bizongo Next will come without hefty price tags to help B2B businesses shift from traditional yet expensive software to modern and cost-effective solutions.

The standout feature of the Bizongo app lies in its exceptional offerings. With a mission to revolutionize supply chain operations, Bizongo aims to empower B2B & MSMEs by particularly helping them to tackle the trouble of accessing business finance.

How will Bizongo Next help your business access finance?

Small businesses (MSMEs) often struggle to get the funds they need. This is because they don't always have something to offer as collateral, the paperwork for loans is usually long and complicated, and sometimes lenders are not confident in their ability to repay the loan.

Bizongo Next App will streamline MSME financing by incorporating multiple financing options like business loans, machinery loans and supply chain financing through partner banks and NBFCs.

This will simplify the lives of Indian MSME buyers and sellers by providing easy access to financing options right on the tips of their fingers — on their smartphone.   

Through Bizongo Next MSME buyers and suppliers will be able to conveniently explore and secure funding without tedious loan application procedures and long waiting periods.

This will also help MSMEs with the opportunity to release working capital and secure financing without collateral risks.

The convenience of having financing options at their fingertips on a smartphone empowers MSMEs to make quick and informed decisions, ultimately contributing to the growth and sustainability of their businesses.

For early access to the Bizongo Next app, fill this form below.

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The accelerating pace of digitization in India, spurred by the Digital India initiative and a growing smartphone user base, is reshaping the business landscape. While challenges persist, the emergence of B2B apps is heralding a new era of accessibility and efficiency, particularly for MSMEs. As India strides confidently towards a digitally empowered future, the convergence of technology and business applications promises not only connectivity but also a democratized, inclusive, and thriving digital economy.