Electronic invoicing is a method of billing that is electronic. Trading parties, such as consumers and their vendors, use e-invoicing methods to present and register trade records with each other and to ensure that the terms of their trading arrangements are followed. The GST e-invoice is the implementation of a digital invoice for products and services rendered by the company…
No matter how large or small the business is, payroll management is challenging. There are several elements that need to be measured, such as regular incomes, allowances, expenses, wages for overtime, incentives, etc. It doesn’t say, though, that you can’t automate and maximize your payroll management. Here are five quick tips to optimize payroll management in your company that you…
With dramatic improvements over the years, the eCommerce world is bustling and we can’t wait to see how uncertain 2021 is going to be. E-commerce firms such as Amazon and Flipkart have had their challenges to get industries back in step with the current mainstream due to the pandemic and all in between. Shopping patterns have changed massively, making shopping…
For companies with essential modules such as Human Resources, Accounting & Financial Reporting, Customer Relationship Management, Inventory Management, Supply Chain Management, Manufacturing, Delivery, etc., an ERP system is an integrated and more effective programme. An organization enjoys comparatively better and safer risk control in compliance with the correct ERP and e-commerce.In addition, the proper CRM section would help preserve a…
In today’s era, change is constant in the world of Human Resources. It is hence important to have a proper understanding of HR trends in 2020 when it comes to keeping the business up to date in attempting to tackle the HR market more proactively. Human resources are an integral part of the management grid of an organization. With its…
What is an HRMS? An HRMS is a combination of systems and processes that integrates human resources management and information technology through HR software. The automation of repetitive and time-consuming tasks associated with human resources management provides time saving for a the company’s valuable employees and allows the focus to shift to culture, retention, and other highly impactful areas. HR…
The onset of digital era has brought a tremendous amount of change in the business industry and the way it is conducted these days. Smartphones have essentially become a crucial part of our work process as people use it as an extension of a desktop to respond to email, research industry trends or even make business transactions outside of the office.…
Enterprise resource planning (ERP) refers to a type of software that a company uses to organise and manage their day-to-day tasks of business such as accounting, procurement, project management, risk management and compliance, and supply chain operations. This technology helps small to medium sized businesses use a system of integrated applications for managing business and automating several business functions. It streamlines…
Mobile phone is the most commonly used device by people across the globe. The ratio of smartphone users is on the higher side amongst the number of people using this device. Hence, mobile apps have become extremely popular amongst users for e-commerce stores, digital payments, food delivery, health-care, etc. Mobile applications have created their market value for establishing a business…
Manufacturing industry is changing with time, predictive analytics has now become a necessity for manufacturers rather than just an added tool. Enterprise Resource Planning (ERP) solutions has become a usual software to centralize and process data in a manufacturing industry. Manufacturers are yet to take full advantage of ERP to improve predictive analytics for their company. ERP solutions can not…