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Deskera makes news in getting India GST-ready

Deskera makes news in getting India GST-ready

The Goods and Services Tax (GST) is in. it will be a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services, replacing taxes the Center and State levy separately. The new tax law’s far-reaching reforms affect all businesses, whether small or big. In order to thrive in this fast-paced scenario, businesses, including startups and SMEs, need GST software to figure out compliance for the new tax regime. Deskera, a market leader in integrated cloud-based GST ERP software, is one of the few companies that are GST ready and is catering to India’s biggest tax reform and…
GST rollout impact on India’s economy: Will it push a two percent GDP growth rate?

GST rollout impact on India’s economy: Will it push a two percent GDP growth rate?

A number of media reports predict that the advent of the Goods and Services Tax (GST) will boost GDP growth rates by 2–2.5% in India. Touted as the most radical tax reform after Independence, what is the basis of such claims for GST rollout by July? Is it econometric analysis? What does international experience tell us? The reports making such claims should present econometric evidence to substantiate. Some even predict 4.5% India GDP growth rates (GST to boost GDP by 4.2% or Rs 6.5 lakh crore: Fed Paper: The Economic Times). India’s finance Minister Arun Jaitley says GST rollout and…
Businesses should leverage automation and ERP for GST compliance

Businesses should leverage automation and ERP for GST compliance

The Goods and Services Tax (GST) rollout will happen by 1 July 2017. The new law will bring about radical and sweeping reforms in the way indirect taxation is practiced in India. The reform will particularly affect enterprises. The tiniest of changes in a tax chain leads to a veritable domino’s effect, which means that it will affect the whole structure of revenue generation and collection, from the top to the bottom. Businesses, therefore, need to be prepared for the transformation. They have to know a number of things for running a profitable business: which taxes they are supposed to…
Social media can help in better customer relationship management (CRM)

Social media can help in better customer relationship management (CRM)

Connectivity is the new buzzword. Thus, there has been substantial increase in adoption of social media for business expansion and lead generation. In several instances, an enterprise’s success could critically depend on social media strategy. For example, if the customer relationship management (CRM) software links comments on Facebook or Instagram pages back to an enterprise’s database and sets follow-ups for support team automatically, it would be a great customer relationship tool. Similarly, inputs from such platforms could result in lead generation. Integration of such platforms can help you create engagements with customers post-sales, a handy tool in the fast and…
Harness Internet of Things (IoT) and smart appliances to conserve energy

Harness Internet of Things (IoT) and smart appliances to conserve energy

Just imagine the AC switching off for the washing machine; or dishwasher shutting down for you to put on the mixer-grinder. Internet of Things (IoT) and connected appliances can help appliances communicate and coordinate for optimal and efficient operations. Let’s see how this system works. Smart appliances are fitted with sensors. Data collected by sensors is transmitted to central grid. Collected data includes variables from electricity load at specific times to availability to individual requirement of appliances. If green energy sources like solar are used, the smart grid takes the temperature in solar panels or blade resistance of wind turbines…
World Environment Day: Modern technologies like Big Data can curb pollution

World Environment Day: Modern technologies like Big Data can curb pollution

Global warming, climate change and environmental degradation confront mankind, although the USA has pulled out of the Paris Climate Accord. This World Environment Day, let's see how the world faces unprecedented challenges of survival in the form of environmental degradation. NASA—also part of the United States—figures point out temperatures have increased by 1 degree since 1880; 9 out of 10 hottest years occurred after the year 2000. By 2012, Arctic ice shrank to lowest level. Sea levels are going up at 3.4 mm per year. Human habitation, particularly the coastal areas, will start getting submerged. In India, there is environmental…
Indian Government’s IT Spending to reach $7.8 billion in 2017, says Gartner

Indian Government’s IT Spending to reach $7.8 billion in 2017, says Gartner

The Indian government's IT spending will be around $7.8 billion in the year 2017, says international research firm Gartner. The latest announcement translates into a 7.5 percent increase over the previous year for India's IT spending. However, this is a revision of Gartner’s earlier projection of 9.5 percent growth for this year. “The 2% revision in outlook is due to effects of demonetization and drop in industrial production,” said Moutusi Sau, principal research analyst at Gartner. “However, spending plans like affordable housing scheme and increased loans to small and medium enterprises (SMEs) by government are likely to have positive effect…
How social media and ERP integration can help businesses

How social media and ERP integration can help businesses

What if you notice one day a potential prospect forming connections with a competitor. In the window available to you, would you not want to close the deal as fast as possible? Of course, you would try and intervene before the deal falls through. But this would not be possible if that initial information was not available to you. And for that there will have to be some kind of integration between your business software and social media so that every time something like that happens you are alerted. Won’t it be advantageous if such a feature is inbuilt in…
Deskera Announces Partnership With Alibaba Cloud

Deskera Announces Partnership With Alibaba Cloud

Deskera, a global leader in cloud technology, has announced partnership with Alibaba Cloud, the cloud-computing arm of the Alibaba Group, to provide holistic solutions for customer requirements in the expanding Software as a Service (SaaS) segment in the Middle East, Africa, India and China. The collaboration leverages Deskera's integrated business software suite consisting of ERP, CRM, HRMS, Project Management and Learning Management tools and Alibaba Cloud's industry leading marketplace and Infrastructure as a Service (IaaS) capabilities. "We are looking forward to this partnership. The association between Deskera and Alibaba Cloud will leverage state-of-the-art technology and will enhance the value to…