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Showing posts with the label Procurement to pay software

How to Choose Right Procurement Software for your Business?

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Navigating through numerous ranges of software is quite a baffling problem and selecting the right procurement software as per the requirement makes it even more challenging. Right from medium enterprise to a company with a turnover of billions, there has been a huge demand for procurement software that can help the companies to cater to the needs of the organization. Businesses across all industries are completely dependent on ERP software. The selection of the right software not only makes your business operations easy and hassle-free but also helps you stay ahead in the competition. The decision-makers of the organization are ready to invest in Plug and Play ERP for smooth execution of all business operations. Guidelines for Choosing Right Procurement Software The below-mentioned must have features will help you choose the right procurement software for your business:- (1) Easy Operation for your Team Easy and efficient handling of the software is one of the most critical factors be...

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...

A Must Read for CFOs and Internal Audit Professionals: Risk Re-assessment post COVID-19!

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                                              Enterprise Risk Assesment The COVID-19 outbreak incident surfaced in Dec 2019 and the condition has continued to evolve throughout after April 30 th , 2020. The lockdown has eased in certain parts of the country based on the zone ratings. However, the overall risk remains high. Finance & accounting along with internal auditing will have to undergo a sea of changes to keep up with this pandemic. This publication covers key areas to be considered during and after the pandemic  by CFOs and Internal Audit professionals. 1. Pandemic risk not covered as part of Enterprise Risk Assessment Your Company is not the only one who has not covered the pandemic as part of the ‘Enterprise Risk Assessment’. However, you must need to response faster now. Below are the key actionable strategies for such a scenario: ·  C...