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…
Artificial intelligence is the technology that enables a computer program or machine to mimic human intelligence. In fact, it is a collection of technologies ranging from robotics and machine learning to natural language processing and even emotion recognition. It is expected that close to 80% of emerging technologies will use AI in some form by 2021….
ERP or Enterprise Resource Planning is multi-faceted resource management software that binds various fundamental activities of a business organization into a single integrated system. The primary objective of ERP software is to induce cost reduction and broaden the profit margins of an enterprise. The multi-functionality of ERP software, combined with a unified database, accelerates the…
The recent GST reforms have been a major game-changer in the business world. There were new policies introduced, new tax reforms implemented and new categories defined, most of which have perhaps been too complicated for us to understand. Or so it seems. The truth is, good accounting software can lead you out of this trouble…
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…
Today Small and Medium Enterprises have a significant part in framing the economy of a country. In various financial divisions, SMEs can drive development and competition. ERP implementation is very common nowadays. With changing nature of the market, solid competition confronted by worldwide professionals, SMEs are encountered with different key issues that may not give…
Many organizations tend to hustle with ERP implementation projects without realizing its side effects. ERP implementation without ERP readiness assessment often results in disaster not only in terms of financial overruns but also failed implementation. It costs dearly to the company to have wasted umpteen labour hours and energy without knowing whether or not the…
ERP solutions should be well within the budget of the company. Implementation costs both visible and invisible should be meticulously worked out and included in the budget to avoid aftershocks. External and blind interpretation of ERP solutions accompanied by hustled implementation by business owners often leads to more turmoil and less productivity, as stated by…