Are you receiving frequent complaints about the payroll management software being used in your organization? If so, it may indicate that something in the system is not functioning properly. Regular payroll errors are a clear indication that you need to conduct frequent audits of the entire payroll process, while also considering upgrading your payroll technology. HR and payroll software ensures quick and accurate pay for your employees. However, payroll is a complex process that varies between countries and is subject to regular scrutiny from authorities. Mistakes during payroll processing ca ..read more

Any successful business requires streamlined management of the business inventory. It involves ensuring that the right inventory is available in the right amount and at the right location to meet the demands of the company’s supply and customers. This helps to strike a balance between the services offered by the company and the inventory. Data analytics is the process of sorting structured and unstructured data sets to provide real-time and up-to-date information that can help companies thrive. Benefits of Data Analytics in Inventory Management Predicting Needs – In the retail industry, big d ..read more

Almost all education sector in India requires payroll management software for managing the payroll process. Recording attendance, generating payslips, and managing compliance all fall under the payroll process. Managing multiple aspects of the education system is essential to the business. In the following blog, we will discuss how a payroll system in India impacts the education sector in multiple ways. What is the payroll process of the education sector? Payroll in the education sector involves handling salaries, benefits, deductions, and taxes of teaching and non-teaching staff engaged with ..read more

In the 21st century, technology is the answer to all problems and the pathfinder of our lives. This phase accelerates massively due to the pandemic, making technology an integral part of business management. A highlighted incident is the emergence of technology through GST compliant accounting software in creating e-invoices instead of using traditional billing systems for most business processes. The contactless approach of e-invoicing manages business operations during and post-pandemic and compliance procedures seamlessly. The Positives of E-invoicing for Small Businesses in India Since Ap ..read more

For many manufacturing companies, sales management software solutions were standalone systems for decades. However, separating the sales process from other aspects of the business leads to numerous inefficiencies. Since then, manufacturing businesses have realized that selling are the first and most crucial link connecting all business operations, including order processing, production management, customer service, purchasing, accounting, and inventory. Modern ERP systems can support a variety of processes, including sales, in a single solution. How ERP Impacts the Distribution Management of a ..read more

Have you ever wondered how only a few clicks are enough to manage the entire production cycle? It is not rocket science but technology to its premier level. According to Gartner, 37% of businesses implemented AI solutions into their operations in one form or the other. Digitalization compels organizations to transform their workflows. Artificial Intelligence and Machine Learning have their fair share of contributions in impacting the operations and functions of software for an organization. ERP systems have grown considerably from their legacy counterpart over the years. Here is the list of b ..read more

Importance of ERP for your Sales Team Sales teams find it easier to close sales and maintain better performance with the integration of ERP in their system. ERP provides organization, integration, and various advanced tools to help salespeople close their deals. The integration of CRM in their system would help in driving the marketing and sales that help achieve profitability for the organization. Why CRM is Necessary for Manufacturers? Customer Relationship Management helps manufacturers in keeping a close watch on potential and current customers. This tool assists by keeping all the inform ..read more

Inventory Management It is the process of purchasing, hoarding, and selling the four basic types of inventory i.e., raw materials. Works in progress (WIP), maintenance, repair, operations stock, and finished goods. Explaining the Four Types of Inventory Raw Materials This type of inventory includes both types of non-perishable goods like sand, wool, or wood, or raw fruits, vegetables, meats, or grains that require to make processed foods. Work in Progress These are the goods that are in progress and are not ready to e sold. Like sheets of glass, window frames, fabric, or flour. Finished ..read more

Introduction When India introduced the plan GST, it adds massive benefits to the taxpayers as this system simplifies tax calculations and an easy-to-use online portal. But with GST taxing, comes a series of inconveniences that led to the rise of GST accounting software. Most technological developments come intending to simplify the process and reduce the cost. To calculate the GST, now taxpayers had to look for professionals who would charge hefty amounts for one filing. This is both inconvenient and costly for everybody. The Need for The Right GST Accounting Software In the last paragraph wh ..read more

Summary When properly implemented, smart procurement can reduce costs, lessen operational difficulties, and make the most of your resources. Asset managers can see every site in real-time and have access to all the information they need about their inventory at any time thanks to smart procurement. Introduction To use your inventory as effectively as possible, procurement is a crucial step in the asset management process, and smart procurement takes it to the next level. Your company and its data centers probably place a high priority on maximizing resources and reducing sunk costs. However ..read more