“There’s no use of ERP system in a law firm.” While this statement is absolutely wrong, the majority of experienced lawyers, solicitors, operation managers, and paralegals still have the misconception that ERP systems are irrelevant for law firms. However, the truth is, ERP possesses the ability to make the functionality of your law organizationeasier by greasing the wheels of crucial operations that require high accuracy. By the ...
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5 Ways Business Intelligence in ERP Systems can Help Your Organization
What is Business Intelligence? Can integrating BI with ERP system help an organization grow? - A BIG Yes! In this era of digitalization, Enterprise Resource Planning (ERP) has become a vital asset to a modern organization. It fosters the growth of an organization by streamlining the internal processes of various departments such as human resources, accounting, finance, sales, marketing, inventory, and manufacturing. On t...
Key Highlights of New GST Returns
“GST gives the honest citizens of the country a chance to be carefree about any kind of illegal pressure.” Shri Piyush Goyal The new GST return filing process which was introduced in the 27th GST Council meeting has got a green flag in the 28th GST Council meeting held on 21st July 2018 in New Delhi by Finance Minister Shri Piyush Goyal. The main agenda behind it is to simplify business and tax compliance by providing relief to regular taxpayers who are...
How Can ERP systems Benefit SMEs
Recently, Enterprise Resource Planning: ERP has become the most hyped buzzword in the IT industry as it has the potential to transform any business. Once considered as a complex business tool meant only for big brands, ERP has come a long way and set a benchmark in providing best services in small-scale industries too. This is why a majority of successful SMEs today rely on ERP systems. If you run a small scale business and still in a dilemma whether to implement ERP or not, stay glu...
Top 3 Predictions for the ERP Industry in 2020
"How you gather, manage, and use information will determine whether you win or lose.”- Bill Gates Once considered as a high-level technology meant for only large-scale businesses, today ERP: Enterprise Resource Planning is dominating the software market globally. The simple reason is that it streamlines the internal processes within an organization and helps in making strategic business decisions without any hassle. As a business entrepreneur, it’s impe...
Comparative analysis of GST Valuation Principles
GST- Goods and Service Tax is a unified tax system that has brought the entire nation together by making everyone follow, a single tax paying procedure. The Pre-GST era had 16 indirect taxes of State and Central Government, this included: excise, value added tax, service tax, purchase tax, entry tax, local body tax etc. These taxes were levied on both goods and services sold in the country. Every tax that was being imposed had their-own complicated taxation structure and the rate of tax wo...
Committing ERP is room for growth
Every organization aims to reach at a paramount height of success and the one asset which makes the business reach that benchmark is: ERP- Enterprise Resource Planning. With services, finance, sales and marketing, human resources, manufacturing, supply chain and procurement sprawled all around; managing all these processes at once becomes a very challenging job. Now, to manage all these tasks seamlessly, a demand for business management software arises. ERP is that software which focuses to i...
ERP Solution can Save Your Time and Efforts
ERP solutions are the next ‘big thing’ if you talk about the corporate and businesses. An accomplished ERP software can put your business on a positive growth track within months. This is because the solutions such as Tyre ERP are designed for automation and eliminating the need for multiple individuals for a typical job. This results in significantly reduced time and efforts on specific tasks. Here is a list of points that explain how an ERP software can save time and efforts in your busine...
After GST, Effect on Your Business’ Productivity
Experts say that implementation of GST will certainly incentivize the logistics sector in the country as this is supposed to be the infrastructure building factor that will promote technology adaptation in businesses. Experts also suggest that it will increase the productivity of businesses with efficiency levels. However, this scenario cannot entirely be made true only through GST. Factors that promote the implementation of technology are equally responsible for improving the productivity of...
Key to Accelerate India’s Economy
ERP solutions are a part of SaaS that has changed the way business operations were performed in developing countries such as India. The current growth in the ERP market shows how businesses are adopting and implementing ERP solutions every single day. Businesses that deploy ERP systems enjoy a number of benefits such as overall cost reduction, increased per person productivity, quick response times and better customer satisfaction among others. The above explained scenario clearly explains ho...
