Starting a business is a significant achievement, but managing it is one of the biggest challenges. Every entrepreneur faces challenges – hiring the right people, building a brand, generating sales, and so on. Unfortunately, managing all these things keeps them occupied, so they need more time to make the most of their idle cash. Hence, mostly this cash ends up in business accounts, bringing zero returns.
Additionally, this idle cash continuously loses its value due to growing inflation.
If utilized optimally, idle cash can be a game changer in building business wealth. But how to make your idle cash work as hard as you do? There is where Shootih helps you.
Here Is A Bit About Shootih –
Shootih is India’s first business wealth management platform that helps SMEs and MSMEs make the most of their idle cash by investing in asset classes like mutual funds. It’s easy to buy and redeem AMCs with Shootih. The AI-based tool empowers business decision-makers to save crucial business-building hours and generate decent returns from cash.
How Is Shootih Helping Businesses With Wealth Creation?
Usually, many SMEs & MSMEs have surplus cash sitting idle in their bank account as owners or decision-makers of the company remain absorbed in growing their business rather than managing their cash. Here is where Shootih helps these decision-makers. It notifies them whenever they have more idle cash in their bank account than they need and recommends relevant mutual funds in which they can invest.
Let’s dive into detail and see how Shootih helps business owners invite wealth.
- Shootih offers corporate-friendly investment opportunities.
Business accounts are no-interest accounts bringing zero returns. Shootih, a wealth management platform, provides access to all kinds of mutual funds best suited for corporate investments, enabling businesses to generate returns from cash that generally sits idle in their current account.
From investment options like overnight funds, which are mostly used for weekend parking, to liquid funds, arbitrage funds, and short-term debt funds, Shootih offers effortless investing to all.
You can even diversify your portfolio by investing in equity funds and balance advantage funds depending on your risk appetite, goals and growth plan.
- Shootih sends alerts for idle-sitting cash –
Shootih notifies the users via email or text message whenever they have extra cash in their bank account than needed. This helps the user get information whenever they have idle cash in their bank account & utilize this idle cash efficiently by investing it in mutual funds.
3. Shootih recommends the most relevant investment opportunity –
With an advanced AI-based system, Shootih recommends relevant mutual funds schemes depending on their risk appetite and duration for which they can keep idle cash parked.
4. Shootih provides an aggregated view of your investment holdings –
Shootih provides a consolidated view of all your investment holdings on one single screen. This enables you to quickly assess the performance of your investments and optimize your portfolio if required.
Here is how it looks –
Must Read: CEO’s Insights On How To Leverage Idle Cash To Grow Business Wealth
Let’s Understand Shootih’s Features Through A Common Scenario
Suppose you get an alert on Friday that you have Rs. 50,00,000 in your bank account and you don’t have any expenses coming on weekends. So, you can invest the money in an overnight fund (here is all you need to know about overnight mutual funds), and on Monday, you simply need to click on “Redeem” if you wish to get money back into your account. Then, on the next working day, you will be credited with the invested amount, plus the potential profit you had made to your account.
Simple and effortless, isn’t it?
Additional Benefits –
1. Helps earn returns & boosts business profitability:
There are 52 weeks in a year, and typically companies don’t make any transactions on weekends & holidays. This implies that for more than one-third of the year, surplus cash sits idle in your current account. This is where Shootih can help you.
It can help you earn decent returns and increase business profitability by investing your idle cash in a few clicks for short duration like weekends and holidays.
2. Enables adding multiple stakeholders:
On Shootih, you can invite other company stakeholders to give each stakeholder a real-time overview of the company’s investments.
Summing Up
Entrepreneurs and business owners strive hard to grow their business wealth. So having a business wealth management platform like Shootih provides alerts whenever they have idle cash and recommends the relevant opportunities (in the form of mutual funds) is a big boon. Agree?
Then, book a free demo call with our product expert and see how Shootih can help you invite more wealth to your business.
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