ERP is all about its capability to manage data from various functional areas of an organization. It revolves around finance & accounting, sales, HR, supply chain management, etc. Every module comprises data with which an organization makes important decisions. Hence it is vital to categorize these data. This gives an organization a structured approach to store and arrange data.
Details regarding employees are stored under this category. De...
With a flood of information to manage every day it gets difficult for businesses to focus on tasks important for business growth. Almost 30% of the working time is spent on searching for documents. If business information exists on paper, a disaster like a flood or fire can cause major losses to the company.
Document Management is indeed a challenge for businesses as it involves a lot of documentation from different departments like reports, contracts, nondisclosure ...
Imagine you enter your office cabin and find your sitting area full of important paperwork and files to evaluate!!
Now, Imagine yourself in your office and find your sitting area with a laptop on the table to work on with room only to be given to your family photo frame.
Which scenario do you like the most??
The second scenario is what you would always find the best.
ERP provides services that eliminate the system of manual work and redundanc...
Earlier this year, the Indian Government had issued a notice stating that the last date for filing the annual GST return would be 31st of December 2018. However, there has been a few changes in their plan of action. As a result, the GST council and Central Board of Indirect Taxes and Customs have issued a new notification on 7th of December 2018 implying that due date for filing Form GSTR 9A, Form GSTR 9, and Form GSTR 9C is extended till 31st March 2019.
People are ...
We have already discussed two major points regarding business automation in Business Automation: 5 Things to Keep in Mind - Part 1. It's time to dive into some details and explore more. So, let's get started.
Organized communication is the key to success in any organization. An automated way of working provides you with a sorted view and enhanc...
Cluttered work processes. Loads of paperwork. Unorganized data. Is this what your law firm is facing right now? Well, these are the normal challenges that majority of legal organizations face on a daily basis as they merely use accounting software. No doubt, accounting software can help in handling and generating invoices and keeping a tab on client's payment records but, if you closely observe it can't serve you anything more than that. A staunch ERP system can help you erad...
Everyone knows that business automation has become the need of the hour still entrepreneurs think hundreds of times before taking a step. As per the industry experts, there are basically two reasons that are holding back businesses from automation - COST & TIME. The myth among people that technology is costly is the root cause of everything. However, people don't understand a simple fact that the manpower they utilize to avoid the use of technol...
“Most people spend more time and energy going around problems than trying to solve them.” - Henry Ford Christmas is just a month away, and you might be already planning the celebration activities for the annual Christmas party at your workplace. Ain't it? With all the excitement and tons of fresh ideas to make the event special, you must divulge to make a difference this year by adding some depth to it. As a responsible business owner, take the celebration...
Are Indian companies who render services and support to MNC's fall in the category of commission agents? Going by the norms of the Indian Tax Department, it seems they are just playing the role of commission agents and not exporters! This is the reason why they have to pay 18% Goods and Services Tax (GST), and they have been termed as "intermediaries" by the Authority of Advance Ruling (AAR). In addition to this, even the multinational firms who have back offices in India would have to pay the 1...
Recently, various improvements have been added to the E-way Bill under the Goods and Services Tax (GST) by the National Informatics Centre E-way Bill Project. According to the document provided by the NIC, the following changes will be live on E-way Bill from 16th of November 2018. If you're a business owner, it's imperative for you to understand these changes properly and avoid any hassle in future. Here's how the changes in E-way Bill will impact your business...
