{"id":14744,"date":"2022-10-12T10:48:56","date_gmt":"2022-10-12T10:48:56","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/10\/12\/explore-the-new-era-of-any-businesss-growth-by-enabling-sme-and-msme\/"},"modified":"2022-10-12T10:48:56","modified_gmt":"2022-10-12T10:48:56","slug":"explore-the-new-era-of-any-businesss-growth-by-enabling-sme-and-msme","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/10\/12\/explore-the-new-era-of-any-businesss-growth-by-enabling-sme-and-msme\/","title":{"rendered":"Explore the new era of any business\u2019s growth by enabling SME and MSME"},"content":{"rendered":"
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October 12:<\/strong> SME and MSME contribution to India\u2019s industrial and business landscape is significant. These have generally contributed to approximately 30% of India\u2019s GDP over the years, though the Pandemic driven disruption saw a significant decrease in their share of India\u2019s GDP (~26.8%).\u00a0<\/span><\/p>\n

The Pandemic impacted the players in this sector significantly, with more than 67% of registered MSMEs ceasing operations for at least three months, and around 4% of all registered MSMEs faced permanent business closure (Source: MSME Website and Media Reports)<\/span><\/p>\n

The ones who braved the disruption and survived the Pandemic now have an arduous task and mission ahead of them \u2013 The imperative to be Digital!<\/span><\/p>\n

While India\u2019s economic journey on digitalization began earnestly with the post-demonetization-led growth in Digital payments, the Pandemic accelerated and made it a necessary and sufficient condition for each business to be a digital business \u2013 large\/ medium\/ small, manufacturing or services and whether the business was brick and mortar or eBusiness prior to the Pandemic.\u00a0<\/span><\/p>\n

ProcureGenie, an SME\/ MSME focussed cloud driven Digital Supply Chain Marketplace \u2013 though a fledgling startup \u2013 born amidst the Pandemic, weathered the initial bottlenecks due to the Pandemic \u2013 specifically in arresting the Technology talent flight to a larger corporation. The aftermath of the Pandemic and the growth in Digital Business transactions validated the promoter Mr. Jayesh Chaudhary and Mr. Premal Vasavada\u2019s business vision and proposition of \u201cMaking Digital SME\/ MSME Ecosystem\u201d.\u00a0<\/span><\/p>\n

The Procure Genie Solution model is \u201cFit for SME\/MSME\u201d and \u201cPlug and Play\u201d Jumpstart architecture that enables SME\/ MSME organizations to progressively embark upon the Digital Business journey with minimal effort while enabling them to mitigate the operational, execution and management challenges presented by traditional manual\/ offline processes and procedures.<\/span><\/p>\n

ProcureGenie is a modular maturity-driven model that provides a \u201cOne Platform\u201d view and automates the whole supply management cycle, from requisitions to catalogues to sourcing to POs to deliveries to GST compliance and reconciliations. It also enables the on boarding of vendors and GST KYC.\u00a0<\/span><\/p>\n

The results of ProcureGenie\u2019s current customers in transitioning to the Digital Business model in terms of their ability to optimize the overall production\/fulfillment and administrative expenses while improving their service levels and Fulfillment rates to their end customer organizations \u2013 many times large to global Indian conglomerates have been exemplary.<\/span><\/p>\n

The words of an MSME Entrepreneur that count as one of the first and early adopters of the ProcureGenie Platform, \u201cI was awed by what Social media platforms did for my personal connections, and now I see ProcureGenie helping my business to have a Global Digital presence \u2013 enabling opportunities not even visible in my traditional operations\u2026 it has given Second Life to my business and aspirations soaring\u201d sums up the essence of how Digital Business platforms can provide the springboard to SME\/ MSME \u2013 a Sector that virtually drives the global cogwheels of Indian Industrial sector.\u00a0<\/span><\/p>\n

www.procuregenie.com<\/span><\/a><\/p>\n

LinkedIn page.\u00a0<\/span><\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

October 12: SME and MSME contribution to India\u2019s industrial and business landscape is significant. These have generally contributed to approximately 30% of India\u2019s GDP over the years, though the Pandemic driven disruption saw a significant decrease in their share of India\u2019s GDP (~26.8%).\u00a0 The Pandemic impacted the players in this sector significantly, with more than…<\/p>\n

Read More “Explore the new era of any business\u2019s growth by enabling SME and MSME”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":14745,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-14744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/14744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=14744"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/14744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/14745"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=14744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=14744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=14744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}