What is ERP Integration? What is ERP Integration and how it helps business?– The ERP system integrates with varied organisational systems and facilitates error-free transactions and production, thereby enhancing the organisation’s efficiency. As the Business grows Business Owners move into Online to Offline business model. This is due to competition, large value to their customers or […]
How SMEs can take advantage of input Tax credit which they couldn’t take earlier? Let’s start with an example on how to take an Input Tax Credit. Suppose RAVI paid Rs 100,000 to purchase an item and he paid Rs 10,000 as a tax (Purchase tax 10%). Now he has to include the same in his […]
What is Value Added Tax or VAT? Value Added Tax (VAT) is a Sales Tax collected by the Government of the state where the goods or services is bought by the consumer. It is a tax on the final consumption of goods or services which is borne by the end user or the consumer. VAT […]
What is Cash Flow? Cash flow is one of the most essential part of one’s business – It is the money, which comes in & goes out from the business sources, in simple words, generation of income and the payment of expenses. Cashflow helps business owners to understand the overall financial health of the business […]
Balance Stock – Recently we met a prospect, who is into manufacturing of OEM items. He was looking for an ERP solution on could that helps him to streamline his process. This is a 40+ yrs old company and at one stage enjoyed a profit margin of 25%. A discussion with company’s Director explained the […]