The Indian Financial Management Association (IFA) has released a new financial management tool called ‘FMS’.
It is based on financial management software that is currently used by many small businesses, which provides them with a number of tools to manage their finances.
“The main goal of this tool is to empower businesses to become more efficient and more competitive in the market, by creating tools that can help them focus on the business and make better financial decisions,” IFA president and CEO Vishnu Kumar said in a statement.
The tool, named FMS, is available in Indian, English, Hindi, Tamil and Urdu.
In India, there are several other financial management tools that help businesses manage their financial affairs, such as the Pune-based PuneFinance (formerly called ‘PuneFibre’), a platform that helps small businesses save money, and the FMS platform.
The IFA has also launched an app called FMS that helps businesses manage expenses with a single click.