As of May 2021, over 6.3 crore Micro, Small, and Medium Enterprises (MSMEs) are registered in India, and the number is only expected to grow with time. Despite the growing number of MSMEs in India, they all face the same struggle. They're unable to cope with the growth that they eventually see over time and become overwhelmed. Once they get overwhelmed, they tend to mismanage their business by improper bookkeeping, inadequate financial knowledge, or just inaccurate record-keeping. These issues lead to the eventual loss of their business, which can be easily avoided in most cases. This is the exact problem that the Vyapar App set out to solve.
Vyapar App was made to help MSME business owners manage their finances with ease. While easing the process was a help, they have also ensured that their finances are GST compliant. It's one of the critical areas in which many businesses fall short and incurs losses over time — the app simplifies the process. Further Vyapar software helps you collect payment faster, track potential inventory loss, ensure adequate cash in hand to run business, and many more. Sales and inventory management is one of the essential aspects of any business. Still, with their user-friendly interface and the ability to access detailed reports through a click of a button, they're disrupting the current fintech space in India.
Many applications cater to people in need of simple invoicing software, but Vyapar App takes it away further. Their product is in line with the requirements of an MSME business owner and has curated a set of features specifically directed towards them. Some of their key features include the ability to create estimates and quotes, GST invoicing and billing, accounting, and inventory management. These help the business owner focus on their business rather than wasting their precious time maintaining their accounts.
What sets them apart is that they offer a mobile-friendly version that is free for life. It provides the perfect solution for those MSME owners who cannot afford a considerable accounting department to handle their finances.
This is why they're one of the most preferred financial management software in the market. This is evident because their user base is creating more than 400 lakh invoices per month. As the country is also riding the digital revolution wave, financial management applications such as the Vyapar App are also changing the digital space and creating a positive change in businessmen's lives. While previously accounting meant spending hours on mundane work, now business owners can manage their inventory and billing systems in real-time.
By allowing their users to use their app for free with impressive features such as data backup and security, printer compatibility, and even an offline version to use, they're pushing the boundaries of the fintech space in India. Vyapar software has numerous features to manage your day to day business with ease. Since their launch in 2016, they've seen over 5 million downloads with a 4.7-star rating on Play Store.
All in all, the Vyapar App offers an excellent one-stop business accounting solution for MSME business owners who are struggling to keep up with their current financial systems and are looking for a reliable digital upgrade.