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All you need to know about E-way bill

All you need to know about E-way bill

The E-way bill for inter-state movement of goods became a reality in India on April 01, 2018. The generation of E-way bill for intra-state movement of goods under the GST regime has been implemented from April 15 in five states. These are Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh. While this electronic bill is an initiative to curb down tax evasions many people are yet to get a thorough understanding of the same. What is an E-way bill? E-way bill is an electronic documentation or a mechanism to track inter-state as well as intra-state movement of goods. These are…
How ERP can help pharmaceutical industry increase their profitability

How ERP can help pharmaceutical industry increase their profitability

India enjoys a respectable position in the global pharmaceutical industry.  According to IBEF, the pharmaceutical sector in India is expected to grow to US$100 billion by 2025. An article published in The Hindu states that the country’s pharmaceutical industry derives its strength from the SME sector which forms an essential part of the supply chain to the larger players. There are more than 24,000 registered units, which meet 70 per cent of the country’s needs. Clearly, MSMEs operating in the domestic pharma sector are recognised as the backbone of the industry. Hence, it is imperative that these enterprises adapt to…
Why you need a user-friendly CRM mobile app for your sales team

Why you need a user-friendly CRM mobile app for your sales team

If you are a  startup or a small scale enterprise, you would strongly agree to the importance of an efficient sales team. Being the strongest pillar of your organization, sales people play a key role in driving the growth trajectory of your company. In other words, they carry the future profits for your company. Additionally, all businesses face a constantly changing market pulse which the sales teams have to quickly adapt to. The sales teams track their sales quotas, targets to get into new territories, increase customer base and revenue inflows, and present a suitable image of your company. Empowering…
Advantages of using ERP in the Healthcare Industry

Advantages of using ERP in the Healthcare Industry

We have a seen a tremendous growth in healthcare sector and this is further expanding. According to reports, the Indian healthcare market, is likely to grow at a CAGR of 23% to US$ 280 billion by 2020. It is one those sectors that has adopted new-age technologies with open arms. Other than investing in high end apparatus, new technology devices and machines, the healthcare institutions are also spending in upgrading their ERP systems to improve the efficiency of the medical centres thereby increasing the quality of patient care. Additionally, minimizing clinical errors and increasing healthcare providers’ productivity are key motivations…
Blockchain: a technology beyond cryptocurrency

Blockchain: a technology beyond cryptocurrency

One technology that has created a lot of hype in the recent times is Blockchain. The moment we hear about Blockchain technology we immediately relate it with Bitcoin. But is this revolutionary technology just limited to cryptocurrency? The answer is NO. Bitcoin is one of the applications of Blockchain and there are multiple areas in which we can use this technology. Many financial experts call it as “the next best thing after the Internet.” Moreover, it is quite relevant to applications across all kinds of digital record-keeping as well as transactions. Many companies are exploring ways to adopt this technology…
Why is demand forecasting and planning important for businesses

Why is demand forecasting and planning important for businesses

Demand forecasting and planning helps businesses predict the demand of products by customers. The more accurately you forecast your demands and plan accordingly, the more satisfied are your customers. Below are a few advantages of demand forecasting and planning: Customer Satisfaction- If you can forecast the product demands of your customers in advance, you can definitely meet your customers’ expectations. If  you address your customers’ requirements and issues efficiently and timely, you would be getting customer loyalty and satisfaction, free of cost publicity, long-term relationship and last but the not the least, a thriving business. Reduction in inventory costs- With…
Why should real estate businesses invest in Cloud-based project management software

Why should real estate businesses invest in Cloud-based project management software

Real estate is a well recognised sector globally. In India, it is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. This growth is complemented with the current Government’s focus on the country’s infrastructure. As per the Union Budget 2018, India will invest as much as Rs 5.97 lakh crore in creating and upgrading infrastructure in the next financial year. Additionally, with the country witnessing a revolution in the start-up culture, the demand for office spaces as well as urban and semi-urban accommodations has increased. Since real estate is a…
How is ERP different and better than an accounting software

How is ERP different and better than an accounting software

The world is rapidly evolving with new age technologies like Cloud computing, Artificial Intelligence, and Internet of Things. In order to have an edge over competitors, it is time for an enterprise to get the basics right about these critical and relevant technologies for future success. The underlying of any organisation is its strong system viz. accounting, inventory, project management, supply-chain, statutory compliances, CRM, and HRMS. While most companies have an accounting system, what they lack is a robust Enterprise Resource Planning or ERP as it is popularly called. Many a times ERP is misunderstood to be synonym for an…
Cloud ERP: a must have software for every organization

Cloud ERP: a must have software for every organization

Every business organization has its own unique process and is bound to face operational issues as it grows. The IT expenses viz., additional servers, network infrastructure, licenses and various on-premise software entail huge cost for a growing company. This is the time when Cloud based system comes into picture. Software like a Cloud ERP not only helps resolve critical business issues rather contributes to your business’ productivity and growth. Today, even the SMEs understand the importance of ERP software and are willing to invest in the technology. Being a complete accounting and financial solution, it offers visibility in all aspects…