Let's be honest; most people undermine the importance of the Human Resource or HR function in an organization. The truth is, human resource management is one of the most vital processes in any organization. Without a proper HR department, most companies will struggle to manage the valued talent and fail to optimize their potential. Remember,…
Project management is never an easy task. There are a lot of resources involved in the process – time, money, manpower – and you cannot afford to overuse any of them. The larger the size of a project, the more complicated it is bound to be. “Project Management Challenges” is a more polite word for…
As businesses are expanding, the processes they undertake are becoming increasingly more complex. There are so many operations executing simultaneously, that keeping track of them becomes a mess. Thankfully, ERP software has emerged as a saviour. ERP (Enterprise Resource Planning) refers to a process management software that allows you to handle resources, streamline workflow and…
The primary purpose of CRM software in a corporate context is to have a database complete with customer information, invoices, contact details, etc. The software is automated to carry out functions like allocating purchase details, automate sales transactions among many other applications that are crucial to the service provider. However, choosing or designing a CRM…
With the onset of GST, there are many questions unanswered. A lot of confusion prevails regarding the revised treatment of business critical aspects like invoicing, provisions regarding credit and debit notes etc. This article is an in depth coverage of all the relevant norms you need to know as per the government guidelines regarding Invoice Rules…
Is the GST a boon or a bane? Is it going to affect you greatly or benefit you in a positive way? What is the tangible impact of GST? The GST reform has transformed the nation by sweeping dust under the carpet and ironing out the kinks in the tax system in the country. The…
Every business dreams of growing higher, earning more profits, making higher investments, and of course, reaching out to more and more customers. A business may start within a single locality, but soon it’s geography spreads out to other localities, towns, cities and even across states until the entire country becomes its target. In terms of…
Management of working capital is a chaotic task that all businesses have to take care of – working capital helps to stem the needs that arise from daily operational activities of a business and is required by small and large businesses alike, irrespective of their size. Ill management of the working capital of a business…