It is ironic that in the era of instant payments, business owners still feel stressed about sending or receiving payments across borders.&nbsp; At Skydo, our&nbsp; objective has always been clear: "How can we take the stress out of international business payments?" Every discussion we have, and every feature we build, is geared towards that singular goal.

Today, we are thrilled to announce that Skydo has raised USD 5M in a pre-Series A round led by Elevation Capital, bringing us several steps closer to achieving our vision. We extend our heartfelt gratitude to all our investors, partners and customers for their immense faith and belief in us.

Skydo's journey began with two friends, Movin Jain and Srivatsan Sridhar, who united to answer a critical question: "How can we make global payments as seamless as UPI?" Srivatsan's managerial experience in his family's automotive export business gave him first-hand insight into the challenges exporters face with international payments. He recalls having to cancel a large and profitable contract with a Turkish customer due to challenges in receiving payments.. His deep empathy for the problem, combined with Movin's decade-long experience in tech and fintech, formed the perfect team to build Skydo.

Like most startups, the path to building Skydo has been far from easy and it continues to be so. We officially began in April 2022, and since then, securing our first client, first transaction, and first employee has been anything but a cakewalk. Srivatsan and Movin travelled across the country, speaking with exporters to gain invaluable insights into their struggles with international payments.

An entrepreneur from Ahmedabad shared his frustration about paying nearly 7-8% of his hard-earned foreign income to his payment service provider. Similarly, an IT business founder from Karnal expressed willingness to pay a flat fee but questioned why he had to share a percentage of his income. These interactions underscored the depth of the problem they set out to solve, driving their commitment to creating a more seamless and cost-effective solution for cross-border payments payments. From making cold calls and giving demos to spending sleepless nights perfecting the technology behind the product, the small founding team did it all. However, it wasn't all work and no play. The founders fondly recall how a full day of work was put on hold after indulging in ghee-laden parathas at Murthal, after meeting some exporters in Panipat. These moments of camaraderie kept the team bonded and motivated through the many challenges of building a company.

Finally, in November 2022, Skydo executed its first transaction, and since then, there has been no turning back. From November 2022 to August 2024, we have enabled 5,000+ businesses to simplify their international payments. We process over USD 100M of payments annually, and we are just getting started.&nbsp;

As a young company in the cross-border payments space, partnering with established banks and navigating regulations and compliance has been a constant learning experience. Being one of the first companies in this sector, we didn't have a blueprint to follow. Much of our processes and systems have been developed through trial and error. However, our customers' faith in us has always kept us going.

We are genuinely passionate to solve for our customers—and place their needs at the centre of everything we do. Our customers have recognised and appreciated our continuous efforts to bring them the best. It is their constant inputs and feedback that has inspired us to constantly improve our product.

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If you imagine the team behind Skydo as a group of ultra-serious professionals with their noses buried in computers all day, you couldn’t be more wrong. As cliché as it sounds, we truly believe in working hard and playing harder. Lively banter, playing sports together, celebrating special moments, great food, and frequent get-togethers are all part of life at Skydo. We’re committed to creating a work environment where our team genuinely enjoys coming to work.

This latest round of funding helps us take our commitment to solve for international payments one step further. In the coming months, we will be launching many new features - like card payments, import payments from India, deeper integration with accounting platforms, and expanding to support e-commerce, to name a few. We will also be expanding globally, to support exporters in more countries. As always, our endeavour will be to take care of their payments challenges, allowing businesses to focus on what they do best - grow their business globally!

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The story of Skydo

Waiting for your international payments to reflect in your local bank account can be stressful. You want to avoid spending your work hours following up with your payment platform for timelines. A solid understanding of the money transfer process enables you to plan your finances better.

At Skydo, we value transparency and ensure a clear, hassle-free experience so you can focus on your business. With <a href="https://www.skydo.com/blog/real-time-tracking-of-international-payments?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">our real-time payment tracking</a>, you're always in the loop about your money's journey.

Here’s a roadmap of the journey your international payment takes from Skydo to your bank account.

Your incoming payment hits <a href="https://www.skydo.com/blog/seamless-payment-experience-with-international-bank-accounts?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">your international account</a>. This is a temporary holding place in your payer's country. Since your clients transfer their money locally to this account, it is nearly free of cost to them (or is very cheap).&nbsp;

These virtual accounts also eliminate tax and compliance intricacies, making it easy for your clients to process payments.

Skydo initiates a SWIFT transfer to move your funds from the international account to India. Leveraging our partnerships with esteemed banking networks, we ensure the secure transfer of your money, typically completed within 12 hours.

Upon reaching India, your funds await conversion to INR until the forex markets open. Our partner banks play a pivotal role in ensuring you get competitive exchange rates.&nbsp;

With our <a href="https://www.skydo.com/blog/get-the-most-out-of-your-forex-savings-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">live currency exchange rates</a> and zero FX markup costs, you get the best value for your money. You don't have to pay any processing fee and could <a href="https://www.skydo.com/blog/cut-international-transaction-costs-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">save up to 10 lakhs per year on your invoice values.</a>

The conversion usually takes between 4 to 6 hours.

Post conversion into Indian currency, Skydo initiates an NEFT (National Electronic Funds Transfer). NEFT transfers take 30 minutes to 24 hours to ensure prompt receipt of funds in your bank account.

Since these transactions follow intense security measures and authentication mechanisms, your funds are safe during transfer.

You get real-time updates and can track your payment just like an Amazon shipment, always knowing where your money is. There are no hidden charges or commissions, just a flat fee structure.

By using efficient payment methods like SWIFT and NEFT, we ensure that your funds move promptly and securely.

With Skydo, you can expect your funds in your virtual bank account to reach your Indian bank account in 18-24 hours. Processing time also depends on the payment method and country of the payer.

Skydo follows <a href="https://www.skydo.com/blog/online-payment-gateway-service-provider-opgsp?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">RBI’s OPGSP framework</a> and works only with Authorised Bank partners. Your data is fully protected and never shared with third parties.

Whether you are managing your business finances or freelance accounts, Skydo ensures that your financial operations remain crystal clear.

With a flat fee of USD 19 for transactions under USD 2,000 and USD 29 for transactions over USD 2,000, there are no hidden fees or complex charges.

<a href="https://www.skydo.com/">Sign up on Skydo</a> now and go global in 5 minutes with your free international account.&nbsp;

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Businesses using <a href="https://www.zoho.com/login.html">Zoho</a>, a financial management software, often face the challenge of manually entering invoices into Skydo. This process consumes valuable time and increases the risk of errors in financial records.

To tackle this challenge and improve the efficiency of accounting processes, Skydo has introduced an innovative integration feature with Zoho. This integration seamlessly synchronizes <a href="https://www.skydo.com/blog/transforming-your-invoicing-experience-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">invoices</a> generated on Zoho with Skydo, eliminating the need for manual entry and significantly streamlining operations.&nbsp;

Additionally, it simplifies payment reconciliation and FIRA generation, empowering businesses to focus more on growth and less on administrative tasks. Let's explore how this Zoho integration works and the myriad benefits it offers to users.

Say goodbye to the task of manually entering every Zoho invoice in Skydo. Invoices created in Zoho are automatically synced with Skydo, ensuring up-to-date records.

Note that past data is not synced initially; only new invoices created after the integration will be transferred.&nbsp;

The capability to include past invoices may be introduced in the future as part of ongoing enhancements to the integration.

You can keep track of payments effortlessly. Once payment is received on <a href="https://www.skydo.com/blog/a-quick-guide-to-using-the-skydo-platform?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Skydo</a>, the corresponding invoice in Zoho is automatically marked as paid, ensuring accurate and streamlined reconciliation processes.&nbsp;

Managing Foreign Inward Remittance Advice (FIRA) documents is now easier. Skydo generates and uploads <a href="https://www.skydo.com/blog/importance-of-fira-for-freelancers">FIRA</a> directly to Zoho for each transaction, saving time and effort.

This facility enables accounting automation by consolidating financial data in one place. With all invoice and payment data readily available, users gain a comprehensive view of their finances, facilitating better decision-making.

The Zoho integration allows you to access valuable <a href="https://www.skydo.com/blog/leverage-customer-insights-to-drive-revenue-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">insights</a> into financial performance. Skydo offers comprehensive analytics with all invoice and <a href="https://www.skydo.com/blog/future-of-cross-border-payments-2030-and-beyond?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">payment</a> data available for analysis. By choosing the option to include Indian currency, users can gain a more comprehensive analysis of their business performance.

You can disable or edit the Zoho integration settings anytime, according to your business needs.

Now, let's walk through the step-by-step process of Zoho integration with your Skydo account.

Step 1: Log in to your <a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Skydo</a> account and navigate to the profile section.

Step 2: You will find a 'Connect Skydo to Zoho’ section. Here, click on ‘Connect Securely.’

Step 3: A prompt will appear like the one below. Click on ‘Connect Securely’.

Step 4:&nbsp; Follow the prompts and verification steps to connect your Zoho account to Skydo securely.

Step 5: A screen will appear, showing that the connection is successful.&nbsp;

Zoho integration allows you to enjoy real-time updates with Skydo's syncing frequency of every 10 minutes, ensuring your data is always current.

You also get the option to select whether to import all <a href="https://www.skydo.com/blog/should-i-invoice-in-inr-or-foreign-currency?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">currencies</a> or filter for international invoices only, providing flexibility in managing financial data.

Skydo's integration with financial management software Zoho revolutionises how businesses manage their accounting processes. From <a href="https://www.skydo.com/blog/check-all-outstanding-invoices-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">automatic</a> invoice syncing to streamlined payment reconciliation, users can experience improved efficiency and convenience in their financial management tasks.&nbsp;

Try out this new feature and discover how Skydo can help streamline your accounting processes. <a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Book a demo today</a> to learn more!

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Have your freelance earnings stagnated over months and you struggle to achieve your financial goals?

Chances are you need a better system to track your income and expenses. This involves using real-time insights to plan and manage your finances.

Skydo offers real-time payment tracking and quick insights to achieve your financial goals.&nbsp;

This blog explains how you can use Skydo to increase your freelance earnings and meet your financial goals.

How to Achieve Your Freelance Financial Goals?

While freelancing offers flexibility and unlimited growth potential, the main concern is income instability. Here are some ways you can reduce financial risk and achieve your financial goals.

One way to attain stability is to “Diligently track your income and expenses to maintain a budget,” says <a href="https://www.linkedin.com/pulse/managing-your-finances-building-stability-freelance-journey-david?utm_source=share&amp;utm_medium=member_android&amp;utm_campaign=share_via">Nash David</a>, a freelance writer.&nbsp;

<a href="https://www.linkedin.com/advice/0/how-can-you-effectively-manage-your-finances-c3nfc">Malay Damania</a>, a business coach for MSMEs says, “Tracking financials is like keeping a scoreboard in a game. It offers motivation to grow your business.”

<a href="https://www.linkedin.com/advice/what-best-ways-manage-your-finances-7wqof?utm_source=share&amp;utm_medium=member_android&amp;utm_campaign=share_via">Brian Miller,</a> a career coach, recommends freelancers to “Create a payment system using software, apps or spreadsheets to organise receipts, payments, invoices, and deductions.” It helps monitor cash flow and understand tax liability, which helps you achieve financial goals faster.

3. Break down the Revenue Generated by Each Client&nbsp;

<a href="https://www.jennifergregorywriter.com/2023/02/27/the-best-way-to-reduce-your-risk-while-freelancing-during-economic-uncertainty/?trk=feed-detail_main-feed-card_feed-article-content">Jennifer Gregory</a>, a freelance technology writer, suggests analysing how much each client makes up of your total freelance earnings. She says, “Check each client's percentage to understand how they impact your income and, if they were to leave, then how you can replace that income.” This helps manage risk and boost stability.

Will Brooks, a leadership and business career coach, recommends <a href="https://www.linkedin.com/advice/what-best-ways-manage-your-finances-7wqof?utm_source=share&amp;utm_medium=member_android&amp;utm_campaign=share_via">calculating your tax liability</a> beforehand and setting aside the amount for tax, investment, and retirement to manage your finances. This helps you analyse expenses and prepare financial goals accordingly.

All these suggestions have one thing in common—tracking and analysing freelance payments to understand your profits and liabilities. Here is how real-time analytics of freelance earnings helps.

All these suggestions have one thing in common—tracking and analysing freelance payments to understand your profits and liabilities.&nbsp;

Introducing Skydo: A Game-Changer in Freelance Finance

A comprehensive payment platform like Skydo gives you real-time insights about your freelance earnings.

Its intuitive dashboard enables you to track foreign payment transactions and avoid payment delays.

Moreover, Skydo’s payment platform automates invoice creation, sending, tracking, and managing processes.

Here is how you can use Skydo to achieve your financial goals.

You can <a href="https://www.skydo.com/blog/create-professional-freelance-invoices-for-free-using-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">create professional freelance invoices</a> on Skydo by customising invoice templates, downloading them, and sending them as a PDF or e-invoice to the client.

Once you send the invoice to the client, you get real-time notifications for invoice receiving, payment processing and payment completion. It helps track potential payment delays and enables you to resolve any issues.

Even if you sent an invoice to a client without using Skydo, you can still add it to the record by adding invoices@skydo.com in CC while sending an email to the client. This way, you can track, view and analyse all your freelance payments in one place.

With Skydo, you don't have to constantly chase clients through emails. You can generate <a href="https://www.skydo.com/blog/receive-timely-payments-with-skydo's-automated-reminder-feature?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">payment reminders</a> and send them to the client. Skydo tracks when the payment reminder has been viewed by the client and keeps a record of all reminders.

Timely reminders reduce the risk of delayed payments and help you achieve financial goals faster.

The Skydo dashboard provides an overview of all the invoices, their payment status and client details. Moreover, you can also view a visual summary of completed payments, outstanding invoices and payments in progress.

5. Analytics and Reports for Informed Decision-Making&nbsp;

Skydo offers a consolidated view of foreign payments across different accounts. You can leverage the data for detailed financial analytics, calculate the revenue generated from each client, and facilitate strategic financial planning.&nbsp;

6. Withdraw Payments Effortlessly from Freelance Platforms

You can integrate Skydo into your freelance platform accounts like Upwork, Freelancer.com, Toptal and Deel and save up to 50% on withdrawal fees.&nbsp;

Efficient <a href="https://www.skydo.com/blog/tax-slabs-2023-24?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">tax planning</a> and compliance are crucial to achieving your financial goals and reducing legal risks. Since Skydo records all invoices and payment details, it facilitates payment reconciliation and calculating income tax liability.

Moreover, it <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">automatically generates FIRA</a> for all invoices which helps claim GST refund on export of goods or services.&nbsp;

Achieving financial goals with freelancing is tricky. However, with discipline, the right strategy and efficient tools, you can maximise your savings and fulfil your goals.

Skydo is one such efficient payment platform that helps you track invoices and payment reminders in real time to optimise cash flow and boost your freelance earnings.

<a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Sign up on Skydo</a> today to achieve your financial goals faster!

Q1. How can I do budgeting to achieve my financial goals?

Ans. You can create and maintain a freelance budget by tracking your income and expenses, opening a separate bank account for business expenses, setting a monthly limit for business and work expenses, and using steady income to pay bills with higher amounts.

Q2. How does Skydo help maximise freelance earnings?

Ans. Skydo has a flat fee structure for foreign payments and charges zero margin on currency conversion. Moreover, you can integrate Skydo into freelance payment platform accounts and reduce withdrawal fees by up to 50%. Therefore, it <a href="https://www.skydo.com/blog/increase-freelance-income-zero-markup?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">boosts freelance earnings</a> and helps you attain your financial goals.

Q3. How can I use Skydo to improve my payment processes?

Ans. You can streamline your payment processes with Skydo by automating invoice creation and reminders. Moreover, you can open an international bank account within five minutes to receive foreign payments faster. Skydo also generates FIRA automatically for all invoices, which helps with tax compliance.

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Many freelancers find invoicing boring or spend too much time crafting invoices for different customers. This results in delayed payments and impacts your business and client relationships.

Fortunately, you don't have to be stuck between spreadsheets and late-night emails. With Skydo, a free invoice generator, you can create a professional freelance invoice within a few minutes and enhance your efficiency.

This blog explains how you can easily create, send and manage freelance invoices using Skydo.

How to Create Professional Freelance Invoices with Skydo (Step-by-Step Guide)

Skydo is an all-in-one <a href="https://www.skydo.com/blog/transforming-your-invoicing-experience-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">invoicing platform</a> that takes care of all your payments and accounting requirements. You can use it as an invoice generator, invoicing tracking system and freelance accounting software.

Simply put, Skydo is an invoice automation software that enables you to create and send a freelance invoice within a few minutes. It <a href="https://www.skydo.com/blog/simplify-your-global-payments-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">simplifies global payments</a> and maximises freelance earnings.

Once you sign up with Skydo, log into the dashboard. Click on the Invoices tab and select the ‘create new invoice’ option.&nbsp;

Add clients’ business information, the currency in which you have to receive the payment and other invoicing details. Once you add the country, the place of supply gets automatically added.&nbsp;

You can add a due date for the invoice payment and additional details or notes. The invoice number is automatically generated. However, you can enter it manually if required. Then, preview the invoice.

Send the freelance invoice directly to the client or download it as a PDF. You can also create an e-invoice with Skydo and share the QR code with the client.

Once you send the invoice, you can track the freelance invoice status in real-time through the dashboard.

If the client hasn't processed the invoice, you can send automated payment reminder emails through Skydo. Moreover, you can also track when the client has opened the reminder emails and take further action accordingly.

Skydo Features that Make a Difference for Freelancers

In addition to invoice automation, here are some additional features by Skydo that you can leverage to optimise your freelance invoice and payment processes.

Skydo displays live Foreign Exchange (FX) rates on its websites. You can use our <a href="https://fx-calculator.skydo.com/comparison?utm_source=linkedin&amp;utm_medium=skydohandle&amp;utm_campaign=fxcalculator&amp;utm_content=2">FX calculator</a> to calculate your actual earnings and how much you can save on currency conversion by using Skydo instead of other payment platforms like PayPal.

Skydo automatically generates FIRA for each invoice for GST compliance purposes. You can <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">download all FIRA receipts</a> in one click.

3. Supports withdrawals from various platforms like Deel, Upwork, Toptal, etc.

You can integrate Skydo with your Upwork, Deel and Toptal accounts and reduce withdrawal fees by up to 50%.

Being a freelancer is often a solo journey where you have to manage projects, find new clients, take care of your taxes, seek client feedback, schedule client calls, pitch your services, update your portfolio and a lot more.&nbsp;

Don't let manual invoicing processes slow down your efficiency. With Skydo, you can send a freelance invoice within minutes and receive payments faster without any hidden costs.

<a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Sign up on Skydo</a> to enable invoice automation and improve your productivity!

Q1. How can I use Skydo to create a freelance invoice?

Ans. You can use Skydo for complete freelance invoice automation. It helps create invoices in a few steps and facilitates invoice customisation, invoice tracking and invoice payment reminders.

Q2. What are the benefits of using Skydo for online invoices?

Ans. Sending a freelance invoice through Skydo helps track payments in real-time, send automated reminders, get automatic FIRA certificates, view complete invoice payment summaries and send e-invoices to clients.

Q3. How can I send freelance invoices with Skydo?

Ans. Once you have finalised an invoice, you can send it to the client directly through Skydo, download it in the form of a PDF and attach it separately to an email, or send the PDF through other communication mediums. Moreover, you can generate e-invoices and share the QR code with your clients.

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Technology has been evolving to make global payments easier, but it comes with a complex web of intricate systems. While many of these payment systems are technically innovative, they don't always offer the intuitiveness and simplicity that users need. This can be especially overwhelming for businesses trying to keep up with the pace of a rapidly changing global economy.&nbsp;

Naturally, you’d want a payment solution that prioritizes user experience, is technologically advanced, intuitive, and tailored to the unique challenges of cross-border transactions. Skydo simplifies the process, making international payments easier, more streamlined, and creating a <a href="https://www.skydo.com/blog/skydo-cross-border-payment-challenges?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">user-centric cross-border transaction</a> experience.

Introducing Skydo: A new era of International payments

Skydo is revolutionizing international business payments with its innovative approach. You can now receive payments from all over the world quickly, easily, and securely with Skydo's simple and cost-effective solutions.

With <a href="https://www.skydo.com/blog/get-the-most-out-of-your-forex-savings-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">live foreign exchange (FX) rates</a>, zero margins, and a uniform flat fee structure, you can rest assured that all transactions are transparent, fair, and cost-effective. No more costly or cumbersome bank processes.

Say goodbye to the complexities of currency conversion with Skydo! Our platform is designed to provide businesses with easy-to-use tools and features that offer the utmost clarity and convenience. You can accurately convert currencies quickly and effortlessly.

Comparing Skydo with Traditional Alternatives

Dive into Skydo for Your International Payment Needs

As the world becomes more interconnected, traditional financial systems are struggling to keep up with modern demands due to their multiple platforms and hidden fees. Skydo is the perfect solution for businesses looking for a reliable way to send money across borders.

Take the leap with Skydo and experience firsthand the future of global transactions. With simplified and efficient solutions, Skydo is perfect for any business, Don't let yourself get tangled in the complexities of traditional finance – explore <a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Skydo</a> to unlock your full potential today.

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In the world of IT exports, success hinges on more than just delivering cutting-edge technology solutions. It requires a keen understanding of your customer insights, their behaviours, and their value to your business. The age-old adage, "knowledge is power," holds stronger than ever in this context. Extracting this information requires asking certain questions.

1. Do you know who your top customer is?&nbsp;

The answer may seem straightforward, but it rarely is. Often, businesses have a general idea of their most significant revenue source, but it is the nuances that truly matter.

2. Do you really know if your top customer is also the most regular paying one?

Consistency in revenue streams is vital for sustainable growth. Recognising your top customer is one thing, but understanding their payment habits, loyalty, and potential for long-term partnership is another.

3. How has the mix of your top 5 customers changed over the past few months?

The landscape of IT exports is dynamic, and customer preferences can shift rapidly. Tracking these changes helps stay ahead of the curve and optimise your business analytics and strategy.

The key to answering these questions and driving success in the <a href="https://www.skydo.com/blog/seamlessly-accept-international-payments-in-india?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">IT export industry</a> lies in data-driven business decisions backed by Customer-Level business analytics. Imagine having a comprehensive view of each customer's contribution to your revenue, their payment patterns, and their evolving importance to your business. Skydo’s payment platform provides these insights amongst its many robust features.

The Client overview offers a treasure trove of insights that can revolutionise your IT export business.

Let's explore the advantages of customer-level revenue analysis and how <a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Skydo</a> can help your business thrive through data-driven decisions.

How Skydo Helping Businesses With Customer-Level Revenue Analysis

Skydo enables you to derive distinct customer segments based on revenue data. This customer segmentation provides invaluable insights into who your high-value customers are and where your growth opportunities lie.

For instance, you may discover that a significant portion of your high-value customers are young entrepreneurs residing in the US who frequently purchase your premium line of services. Armed with this knowledge, you can tailor marketing campaigns specifically for this segment, ensuring you maximise your ROI.

#2: Analysing historical revenue data for patterns and trends

Skydo also delves into historical revenue optimisation to uncover patterns and trends. With this powerful tool, you can detect seasonality, growth trends, and anomalies in your revenue streams.&nbsp;

For instance, let's consider a software company, TechSolutions Inc., using Skydo to analyse historical revenue data. They discovered that their sales consistently spiked during the holiday season, helping them strategically plan marketing campaigns and allocate resources for maximum impact.

Moreover, you can calculate the average payment date for each customer's insights based on their payment history, ensuring better cash flow management.&nbsp;

Personalisation is the name of the game in modern marketing, and Skydo helps you excel in this area.&nbsp;

Imagine this scenario: Skydo's data reveals that a specific group of customers consistently generates the highest revenue for your business. Armed with this knowledge, you can craft marketing campaigns specifically designed to resonate with this high-value customer segment. Your messages will be more targeted, relevant, and impactful, increasing the likelihood of customer engagement and loyalty.

This means you can target high-value customer groups with precision, resulting in more effective and efficient marketing campaigns that drive opportunities for up-selling, leading to more revenue growth.

You can pinpoint key contributors to your company's success by delving into individual client-level revenue data. This granular insight empowers your marketing and customer success teams to nurture these relationships strategically. You can tailor your marketing efforts to the preferences of your top clients based on customer behaviour analysis, ensuring that they feel valued and understood.

#5: Mitigating Risk and Planning for Growth

Customer-level revenue analysis allows you to detect potential risks by analysing revenue trends. For instance, you can identify clients who consistently reduce their spending or have not made purchases in a while.&nbsp;

By spotting these red flags early, you can proactively address issues with these clients and prevent revenue loss. This risk mitigation strategy is essential for maintaining a stable financial foundation.

Businesses can thrive in a competitive market with customer-level revenue analysis tools. Skydo payment platform offers more for global businesses. <a href="https://www.skydo.com/blog/an-indian-tech-exporter's-journey-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">From creating and sending invoices and receiving foreign payments</a> smoothly to revenue analysis, Skydo makes the entire export business process seamless for you.

<a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Get in touch with Skydo today</a> to harness the power of customer-level revenue analysis and get your international payments effortlessly!

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Businesses are always on the lookout for ways to increase their profits. But traditional payment methods take away a chunk of your topline in fees, have complicated structures, and make it difficult to monitor expenses accurately.

If you deal in foreign exchange transactions, the opaque exchange rates will hide the true margins and eat into your profits. If you work with tight budgets or in competitive markets, you will feel the pinch harder. Skydo provides transparent foreign exchange pricing and genuine savings per transaction, so businesses keep more earnings without worrying about <a href="https://www.skydo.com/blog/hidden-fees-in-bank-rates?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">hidden fees</a>.&nbsp;

Skydo: An Efficient Payment Gateway With Transparent and Flat Fee Pricing

When it comes to international business transactions, receiving payments can be a major challenge. The hidden charges can catch you off guard, making it expensive and cumbersome. These fees include service, conversion, and other miscellaneous charges. Thankfully, Skydo offers a solution through its transparent and <a href="https://www.skydo.com/blog/cut-international-transaction-costs?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">cost-effective pricing model</a>.&nbsp;

Unlike other banks and payment gateways that have complex fee structures, Skydo charges a flat fee for transactions, ensuring that businesses know exactly how much they will be charged upfront. With a flat fee of USD 19 for transactions under USD 2,000 and USD 29 for transactions over USD 2,000, businesses can easily calculate their transaction costs without any hidden fees or complicated charges.

Skydo stands out for its <a href="https://www.skydo.com/blog/get-the-most-out-of-your-forex-savings-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">live FX rates</a> that have zero margins, offering the most competitive foreign exchange rates for businesses without any hidden charges. This means businesses only pay a fixed amount, resulting in significant cost savings. In fact, using Skydo can lead to an <a href="https://fx-calculator.skydo.com/comparison">annual saving of ₹5,94,896</a> compared to traditional banks.

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Imagine a business transaction where a customer pays in USD. With Skydo, for an invoice amount of USD 1000, you would receive INR 81,328, with only a nominal transaction fee of USD 19 USD and an 18% GST fee of INR 284.46. This showcases the significant savings businesses can enjoy utilizing Skydo's optimal rates.

Skydo allows businesses to save significant amounts of money, which can be reinvested into different areas such as marketing, research and development, or expanding operations.&nbsp;

With Skydo, businesses receive the best value for their investment, resulting in increased profitability and growth.

Realizing the Future of International Transactions

The <a href="https://www.skydo.com/blog/how-you-can-streamline-international-transactions-for-your-business?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">international transaction landscape</a> changes rapidly as businesses become increasingly global and interconnected. This demands a transparent, efficient, and user-friendly method of conducting transactions. Let us explore the future of international transactions and the potential impact transparent pricing models could have on the industry.

The Ripple Effect of Transparent Pricing on the Payment Industry

Growing Global

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