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Showing posts with the label Procurement to pay

Does your firm need ERP software? Is it the time for automation?

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There has been a lot of buzz around ERP or cloud ERP in recent times. ERP Vendors in India and across the globe are reaching out to companies to convince them to buy ERP. Tougher competition within the marketplace is generating the necessity to higher optimization of resources, improve profit and keep customers happy. Enterprise Resource designing (ERP) is a system that, once enforced, ties along and automates variety of processes among a given enterprise. ERPs are typically integration of smaller modules. Every module is to credit for finishing a specific task among the organization, like managing finances, tax records, hour work, consumer relationships, offer chains, and more. Once implemented properly, an honest ERP can: Reduce the time spent for finishing routine tasks. Improve the general progress across departments. Present a more robust summary of all company data Improve the data availability significantly Reduce the data turnaround time Improve turnover and pro...

How does ERP Software differ from Accounting Software?

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Accounting was one of the first business processes to undergo mass-scale digitalization around the world, with accounting software slowly replacing manual accounting and bookkeeping across the globe as the digital revolution began and the results of IT became felt at all levels of industry. Accounting software giants such as Tally or QuickBooks became synonymous with businesses across industries, sizes and locations, as more and more functionalities and features kept being invented and added to the digital accounting process. ERP (Enterprise Resource Planning) software on the other hand, is a relatively newer development in the IT world, and it encompasses a much broader scope of action than accounting software. Though it is a newer model of digital business processing, it is also a much faster growing one, projected to reach a global worth of USD 47 Billion by 2022. This growth is very simple to justify, due to the immense number of advantages ERP software has as compared to an ...

Cloud ERP for SMEs and Start-ups: A must for survival in post Covid-19 fallout

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Cloud ERP for SMEs and Start-ups: A must for survival in The COVID-19 outbreak has left the world reeling, and the global economy has been suffering worse and worse damage over the last couple of months. Almost every single business in the world has been affected, and desperately searching for solutions to recover. Even the essential services industry has suffered due to lower demand. The combined effects of human health and welfare, disruption of the supply chain and massive changes in consumer behaviour and buying power has left companies in need of rapid adaptation and change to survive in the present circumstances. Many Companies across the globe has done mass lay-offs, put the employee on mandatory unpaid leaves and have reduced the salaries of remaining employees. Governments are coming up with Covid revival package for MSEs and industries. For businesses around the world, the first and foremost form of possible relief has come from the use of technology, especia...

New Era of Cloud ERP: Flexible, Affordable and Plug and Play Cloud ERP

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Are you stuck with inflexibility and heavy cost of your existing ERP software? Talk to TYASuite Experts on how to get Flexible, Affordable and Plug and Play Cloud ERP. Is your company considering the implementation of an Enterprise Resource Planning (ERP) software to help you go digital and automate your business processes. You might be facing some common problems of ERP implementation - Will it streamline my operations after months/quarters of implementation time? Will the cost justify the benefits? Do I need to change my process just to adapt to the inflexible ERP? Can my existing team handle the transitional work load? ERPs can be very complicated systems, fraught with technical difficulties, implementation errors and on-going bugs and maintenance issues. The most important question that bothers companies is – which ERP shall they choose? There are big names in the ERP market, and some of the biggest are SAP, Microsoft Dynamics 365 and Oracle EVS / Netsuite. With ...

Atma-Nirbhar Bharat- Lets Look at What is inside Rs. 20 Lakh Crore Package!

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               Atma-Nirbhar Bharat Prime Minister Sri Narendra Modi emphasized the importance of a ‘Self Reliant India’ in fighting the COVID-19 crisis during his speech on May 12 th , 2020. The Core focus of his speech was  “Go Local”, “Be Vocal”  and  “Make it Global”.  He announced a recovery package of Rs. 20 lakh core which approximates 10% of India’s GDP. The package is targeted to cater to various sections including cottage industry, MSMEs, laborers, farmers & middle class. His vision for a  Self-Reliant India  will stand on the following five pillars: Economy  - Which brings quantum jumps and not incremental jumps Infrastructure  -Which should become the identity of India System  - Which are based on 21 st  century technology Vibrant Demography  - Which is our source of energy for a Self Reliant India Demand  - Whereby our demand and supply chain should be ut...