MCCI Knowledge Series on Using Technology to Mitigate Top 5 Challe

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Shri Sanjib Kumar Kothari, Chairman, Council on MSME, MCCI and Shri Vishnu Kumar Bhandari, Chairman, Council on IT & Communication, MCCI presenting a memento to Smt.Sarita Agarwal, HoD, Cloud Infosolutions Pvt. Ltd. at the MCCI Knowledge Series :Using Technology to Mitigate Top 5 Challenges faced by MSMEs organised by MCCI today.
Shri Sanjib Kumar Kothari, Chairman, Council on MSME, MCCI and Shri Vishnu Kumar Bhandari, Chairman, Council on IT & Communication, MCCI presenting a memento to Smt.Sarita Agarwal, HoD, Cloud Infosolutions Pvt. Ltd. at the MCCI Knowledge Series :Using Technology to Mitigate Top 5 Challenges faced by MSMEs organised by MCCI today.
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Azadi Ka Amrit Mahoutsav

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Merchants’ Chamber of Commerce & Industry organised MCCI Knowledge Series on Using Technology to Mitigate Top 5 Challenges faced by MSMEs today at MCCI Conference Hall.  
 
Shri Rakesh Singh, Co-Founder, Upsourced Consultancy Services Pvt. Ltd. and Smt. Sarita Agarwal, HoD, Cloud Infosolutions Pvt. Ltd. addressed at the Knowledge Series.
 
“IT Tools have come as a boon for MSMEs.” – said by Shri Vishnu Kumar Bhandari Chairman, Council on IT & Communication, MCCI. Shri Bhandari added that Technology in MSMEs does not need huge financial investment, as most digital tools required are either free or incredibly cheap, vis-a-vis the benefits they provide.
 
Shri Sanjib Kothari, Chairman, Council on MSME, MCCI said that the objective of this Knowledge Series is to identify and explore IT Tools to mitigate the top 5 following Challenges faced by MSMEs.

  • Working Capital Requirements
  • Dependence on Owner for every task
  • Managing Employees – Performance and Activities
  • Uninformed/ Delayed Decision Making
  •  Accounting & Legal Compliances

 
The Knowledge Series was moderated by  Shri Sanjib Sanghi, Co-Chairman, Council on IT & Communication, MCCI. Shri Sanghi also mentioned that the transformation from traditional business to digital business culture is the toughest journey for the businesses.  
 
“keep your inventory count and valuation up to date.”- advised by Shri Rakesh Singh, Co-Founder, Upsourced Consultancy Services Pvt. Ltd
 
He said that Could Accounting is important for any businesses to update the database including inventory stock. Cloud-Accounting Technology helps to optimize the cost of the business.
 
Shri Singh also mentioned about the online Website “ZOHO”; in the ZOHO multiple dashboards can be accessed for each verticals namely Finance, HR, etc, of business.
 
While speaking on Cloud Technology, Shri Singh shared that the best part of the Cloud Accounting Software is analytical part of the software.  Futuristic data analysis is always helpful in decision making in business, sales, profit and others.
 
Shri Singh also advised the house that the business should follow the mind set, skill set and tool set.  
 
Smt. Sarita Agarwal, HoD, Cloud Infosolutions Pvt. Ltd. said that Cloud Software helps to remind the customers for the product payments during the process of invoice. The software can remind the customers through WhatsApp also.
 
“with the help of Could Accounting Software, 50 % transactions have been done in paperless mode”- informed by Smt. Agarwal.
  
The Session ended by the Vote of Thanks proposed by Shri Sanjib Sanghi, Co-Chairman, Council on IT & Communication, MCCI.

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Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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