Reshaping MSMEs’ Digital Landscape
For many Micro, Small, and Medium-Sized Enterprises (MSMEs), the COVID-19 epidemic hastened their digitization process and forced them to look for creative ways to get through the difficult business climate. Even though there were several digitization initiatives in motion, not all of the paths were the same. SMEs in India have embraced digital technology in many areas of their company operations, according to a FICCI poll. A sizable portion of SMEs use digital tools for finance, human resources, sales and marketing, and cloud-based business apps.
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SMBXL’s Role in Empowering MSMEs
With its headquarters in Hyderabad, SMBXL has been a major force in helping MSMEs become digital. Preeti Ubale, co-founder and chief operating officer, and Premanand Thudia, founder and CEO, founded SMBXL in 2018. The company provides a variety of digital solutions designed to meet the requirements of MSMEs. These solutions give organizations the ability to improve operations, reach a wider audience, and prosper in highly competitive environments. For a small monthly membership cost of Rs 799, SMBXL gives users access to a variety of digital tools that are necessary for managing a profitable business.
Virtual Expos: Redefining Industry Standards
One of the unique aspects of SMBXL’s strategy is its focus on setting up online trade shows to link businesses, which is a big divergence from the industry norms. These online fairs act as growth accelerators, giving MSMEs the chance to present their products, establish new alliances, and investigate undiscovered markets. Consequently, SMBXL has transformed the way businesses communicate and work together by setting new standards in the sector.
Market Potential and Growth Projections
Forecasts suggest that by FY2025, the market for digital services aimed at MSMEs would have grown six times from its present $1.5 billion to over $9 billion. The increasing demand for digital business solutions highlights the vital role that organizations such as SMBXL play in propelling digitalization activities throughout the MSME industry.
Empowering Businesses with Technology Solutions
The solutions offered by SMBXL cover a wide range of corporate activities, from logistics optimization to customer management. The platform serves as a link between companies and suppliers, clients, and other stakeholders. It also provides value-added services that are necessary for competitiveness and long-term growth.
Innovative Marketing Solutions
Acknowledging the role that marketing plays in propelling company expansion, SMBXL unveiled “Market Central,” a complete marketing solution tailored to MSMEs’ unique requirements. With the help of both conventional and digital channels, organizations may increase sales by utilizing an omnichannel strategy that optimizes effect and reach.
Streamlined Logistics Processes
SMBXL provides marketing solutions as well as logistics solutions designed to help MSMEs streamline their transportation and logistics operations. SMBXL helps companies to effectively satisfy customer expectations and improve operational efficiency by giving them access to vetted delivery partners and enabling smooth transactions.
Virtual Melas: Bridging Gaps and Facilitating Connections
The virtual melas offered by SMBXL are dynamic platforms that facilitate communication between merchants and consumers, bridging distances and encouraging teamwork. These online gatherings give MSMEs priceless chances to present their goods, build their clientele, and find new growth prospects.
Driving Adoption and Overcoming Challenges
MSMEs still have difficulty adopting digital solutions, despite the fact that SMBXL has made great progress in enrolling them into its platform. But programs like creative tech offers and virtual expos are slowly changing people’s opinions and pushing MSMEs to utilize digital technology more widely.
Future Outlook
SMBXL is still dedicated to helping MSMEs throughout their digital journeys in the future. Leveraging partnerships and collaborations, SMBXL intends to enroll more MSMEs by improving its range of solutions and broadening its reach. Through its ability to connect tradition and technology, SMBXL keeps opening doors for MSMEs to prosper in the digital era.
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