Posts

Showing posts from May, 2024

Next-Generation ERP Software for Chemical Manufacturers

Image
  A successful organization is like a well-oiled machine, with every department acting as a part which has its own unique function and output. And, when all these parts come together to form a comprehensive unit, their collective yield is much greater than what you would get from their individual outputs combined.  However, the key here is to have that one component which acts as a glue that holds all the different departments of the organization together; a tool that creates a synergy within the organization. When you talk about manufacturing organizations, an  enterprise resource planning (ERP) software  becomes that glue.  This holds true for chemical manufacturing businesses as well. A chemical manufacturing software has been doing the job for such businesses for many years now, integrating all the different departments of an enterprise into one comprehensi...

The Goods and Services Tax (GST) : A Game Changer for India's Economy

Image
  The Goods and Services Tax (GST) is poised to be one of the most significant reforms driving India's economic growth. As GST is a hot topic among businessmen, it's essential to understand what it entails and its various aspects. Understanding GST GST is a consumption-based tax applied at the national level on the sale, manufacture, and consumption of goods and services. It replaces all indirect taxes levied by the state and central governments, excluding exports and direct taxes like income tax, corporate tax, and capital gains tax. GST does not apply to crude petroleum, motor spirit, diesel, aviation turbine fuel, and natural gas, with few exceptions in services. The proposed "dual GST" system includes: ·          Central GST (CGST) - Levied by the Central Government. ·          State GST (SGST) - Levied by the State Government. ·          Integr...

The Evolution of Cloud ERP Software: From On-Premise to SaaS.

Image
  In the past era, businesses relied on on-premise systems to manage their operational tasks. These systems required extensive wiring and heavy IT infrastructure, restricting data accessibility to the confines of office premises. On-premise systems were installed and maintained locally on a company's servers and infrastructure. Updates and upgrades were infrequent and often disruptive, requiring downtime and manual intervention. Managing such conditions became cumbersome as a result of which businesses began to consider alternatives to get more accessibility and flexibility. This challenge led to the emergence of cloud-based ERP solutions. Cloud ERP solution provided the convenience of remote access and scalability without the burden of on-site infrastructure. Businesses adopted the usage of ERP Software in their operations with great zeal. With time, the Software-As-A-Service (SaaS-based cloud ERP) platform gained increasing recognition and recognition; thanks to its many ...