Prior to starting this blog, taking a look at all these important statistics is necessary. The rapid expansion of today’s ERP market is still on the rise with a market size that is anticipated to exceed $50.5 billion by the year 2024. At a recent survey performed on ERP implementation, it was discovered that mid-size…
Tax collected at source – Introduction TCS or tax collected at source is the levy that a seller pays that he bills from a buyer during the sale. This tax reaches the Government treasury on the money receipt from that buyer. The seller must accumulate & deposit TCS according to rates mentioned therein for goods…
The quest for an efficacious GST processing system finally came to an end with the introduction of E-invoicing. It means users can generate e-invoices only after the attainment of an IRN or Invoice Reference Number. They need to upload particular particulars in the FORM GST INV-01 on the advised Invoice Registration Portals. The generation of…
Accounting Software: When companies start out newly, they often feel pleased to use basic accounting software programs such as QuickBooks or sometimes even MS Excel. It may come to you as a surprise but there are a number of companies that are doing just fine using basic accounting software programs. However, this only lasts for…
Cloud v/s on-premise ERP is the most cliched point of conflict when a business owner wants to choose an ERP manager. The market of ERP is bombarded with multiple choices and therefore, to make a choice between cloud and on-premise, ERP is indeed a tough one. Every business is different and so are their needs…
Gone are the days when procurement procedure and managing the suppliers were primarily restricted to a purchase system. In recent times, as the global economy has changed, procurement is now a deeper process. Having a robust procurement management system helps a company in many ways. Streamlining the source-to-settle process is otherwise an onerous task. Automating…
Research has consistently shown that employee self evaluations are necessary for professional development. Many studies also point out the fact that self-evaluation can help companies to become productive overall. In other words, employee self-evaluations can help not only the employees in question but also the organization in which they work. Unfortunately, both managers and employees…
Handling employee time off request is indeed a critical job for every HR professional. As easy as the job may sound, in reality, it is equally frustrating because the simple decision of yes or no depends on the analysis of the human resources available for the time of request period asked for. Once a time…