The role of HR managers has become critically important as a wrong hire can prove to be expensive to the company. HR managers should work with the managers of different departments while choosing a candidate and develop a suitable assessment method. Assessment methods should match with the qualification being assessed. Leading HRMS vendors provide a…
ERP systems have evolved from traditional on-premise systems to hosted systems and to cloud ERP system consequently. This change is more relevant to small-scale businesses that focus more on saving direct cost, the convenience of use, and the functionality of the system without an investment of time. On the other hand, large scale organizations still…
Dear Customer, As you are aware the Government of India, Ministry of Finance, Department of Revenue and Tax Research Unit has revised the service tax rate to 14% from the existing 12.36%.
Many small business owners are of the view that bar code printing increases their cost of production. But they fail to recognize the corresponding benefits bar code printing confers on their overall business bringing ease of operation and customer satisfaction. There are a number of problems associated with traditional handwritten codes and item numbers on…
Ecommerce Selling your products online is a great way to boost your sales at minimum operational cost. The benefits of online selling can further be multiplied if you integrate your ecommerce website with the ERP system. It brings everything under one roof and you get rid of separate unit required for managing and analyzing data…
Audit Trails The chances of fraudulent events taking place in organizations are growing increasingly. This is because many employees are exploiting inherent paucities within common software programs that let them to misappropriate funds, numbers, etc. For example, in certain simple accounting software programs, users can easily edit the numbers, change entries and apply checks to…
Fixed Assets: When you are a small business, it is easy to keep a track of all your fixed assets. Your assets may include your furniture, computer peripherals, tools, equipment and other immovable assets which are part and parcel of your company. Costs of maintaining, repair, replacement and purchase of new fixed assets are usually…
Inventory One of the most important words in the field of goods and materials is that of “inventory” or “stock”. A number of organizations find it difficult to maintain, regulate and use it for the purpose of resale or repair. What an inventory actually does is, it specifies the shape and percentage of goods that…