TYASuite - Cloud ERP Solutions

                                                             Guide for EProcurement Software EProcurement software solving many burning issues and best in class procurement functions are fast evolving with business demands. More efficiently to improve your entire end to end buying and payment cycle with Cloud-based ERP Solutions. With the “The power of eProcurement software” streamline your business needs with the help of innovative technologies that can promote Excellence and Sustainability by shifting focus to value creation and strategic development.  Start-ups and SME’s at Glance: eProcurement  EProcurement software also adds significant value for Starts-up’s and small businesses to cut down the operational cost involved and improve the efficiency of the purchase process.    Many studies indicate that...

  A Brief Outline of the Procurement-To-Pay (P2P) Process In general, the term used to define a business process and not software or technology; it’s a process of agreeing to terms, acquiring goods by the tendering process. It includes Requirement Generation, Requirement consolidation, Vendor Evaluation, Purchase Order Generation, Receiving Goods or services, Recording of Invoicing and payments. Organizations may spend well more than revenue if the procurement process is not managed well. IT even leads to a big loss for organizations financially by lacking procurement strategy. Over the years, the Procurement process life cycle has transformed in many innovative ways with the help of technology from On-Premises ERP to cloud ERP solutions that manage well from anywhere and affordable for everyone. Manual Procurement Process takes time and boring tasks The manual bookkeeping accounting process normally completes the tasks for the time frame of 5 to 7 work...

                                                                                                                                         Equalization Levy Redefined                 The Finance Act 2020 has quietly introduced a New Equalization levy which comes into effect from 01 st  April 2020. Interestingly, this amendment never featured in the Finance Bill 2020. Ever since Equalization levy was introduced in 2016, it was always a burden on the Indian Companies. Indian Companies were supposed to deduct 6% from the payments made to non-resident companies providing online advertisement Serv...

Procurement Software provides your procurement function with technological innovation that is both convenient and affordable. Companies  and organizations are getting more interested to streamline their business through automation and looking for an implementation of better cloud ERP platforms. The field of procurement has commonly faced difficulties of getting up to time with technology and organizational issues. The frequently asked questions in gaining knowledge of acquiring right cloud Procurement Software.  What is Procurement? Why it’s So Important in Business In general the process of agreeing to terms, acquiring goods via competitive bid or tendering process. It includes identifying requirements, authorizing and approving purchase request, supplier identification, make inquiries and require quotations by negotiating terms, vendor selection, creating PO, creating good receipt, purchase order generation, shipping, invoicing and finally making payments. For...

Free Work From Home Software: An Initiative to give back to Society Coronavirus Epidemic: The Current Situation Novel Coronavirus or COVID-19 outbreak is a human catastrophe and has continued to disrupt financial markets and global supply chains, the overall impact on global businesses and economic growth. Its blowout has left many businesses around the world with counting costs.  Looking at the trends in many countries over the last 2 months, India is on the verge of touching Stage 3 of this Epidemic. In this time of urgency, it is the joint responsibility of all 130 Crore plus citizens of India to fight this together and come out of it as a winner. This Epidemic is at such scale that individually, we cannot do any justice in this fight but if we are together, we can fight this easily.  As requested by Honorable Prime Minister of India, Shri Narendra D Modi Ji on March 19, 2020, in an address to the Nation,  we all need to give few weeks of our time...