1 / 2

7 Reasons your Business needs GST ready ERP System

GST reduces the extra tax charges and the complexity of the current taxation structure.It is the need of the hour that your ERP system must be GST ready. It is high time you get a GST ready ERP system for your business because by 1st July GST is going to be implemented in India.<br>Complexities to understand how this GST storm will affect your business is intense now-a-days.

eres1234
Download Presentation

7 Reasons your Business needs GST ready ERP System

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 7 Reasons your Business needs GST ready ERP System GST reduces the extra tax charges and the complexity of the current taxation structure.It is the need of the hour that your ERP system must be GST ready. It is high time you get a GST ready ERP system for your business because by 1st July GST is going to be implemented in India. Complexities to understand how this GST storm will affect your business is intense now-a-days. eresource is here at your service.So what are you waiting for? Join hands with eresource and implement GST ready ERP system now so that you can weather the storm. 1) Get Digitalized! Businesses often opt to track inventory, sales, purchase, bank and production entries on a regular basis to avoid any kind of data inconsistency. Manufacturing ERP software helps to automate and integrate these critical processes ensuring to track all the entries thus, reducing de-duplication. The recent shift from paper money to digital currency calls for transparency that is in line with the GST tax reform. ERP systems with their online transaction and bank reconciliation processing will simplify the digitization process. 2) What about your document management? Since all your documents, payment receipts, reports are going to be digitalized , to comply with GST, e-filling will become a pre-condition for all businesses. Going digitalized has its own plus points and ERP systems help you ease in this new trend. Henceforth it becomes easy for you to maintain all your important documents efficiently and also access them anywhere,anytime you want. Only GST ready ERP software which can interact well with GSTN(GST network) can help you achieve seamless automation and ease in your business transactions. 3) Your ERP is Compliance ready! Now the firms have to ponder how to equip businesses to handle tax compliances.This is where GST ready ERP system comes handy. After GST implementation, in order to maintain accurate financial records it is necessary to be compliance ready. Changing scenarios in the economic world creates ripples in all the business processes. If your ERP is not GST ready yet then it will be difficult to manage compliances for multi-state and destination based tax regulations. 4) Systematic System Firms will have to redefine key processes including those related to finance, taxation, logistics and warehousing such that the workflow is properly executed. GST ready ERP system will ensure smooth movement of goods and services across country while curbing tax expenses. GST estimates that many check posts will be reduced and will provide more transparency to the clients. Every detail of what you are paying for will be mentioned. Since GST subsumed many indirect taxes, reporting/printing will be optimized. 5) One-Upmanship Some firms may not have GST ready ERP or some may not even have ERP systems.So once you upgrade/buy GST ready ERP, you definitely have a more advanced system than your competitors.

  2. It makes it easy to manage your business processes efficiently with new bill passed by the Government. It is not only better for your business but also your clients will get a more user-friendly interface. Its a win-win situation altogether. 6) It is completely Cost-effective Since GST reduces indirect taxes, it ensures a cost-effective functioning. Save more money with the help of GST ready ERP. eresource ensures no holes in your pocket, hence this is the best reason for you to buy our GST ready ERP. 7) Success, Success ! Let’s face it! Every business wants to be successful and earn loads of money. So if we say you get happy customers too then this is just icing on the cake. With ERP systems you get a user-friendly interface so you know from exactly where the product is in the development stage till the product is deployed.When you can easily trace the product it becomes easier for you to work efficiently and reduce the errors that may come along . So by the time your customers receive the product, you know that it is of a fine quality. With GST, ERP systems have evolved and included new engines to comply with the GST laws. So once you have eresource GST ready ERP ,you are bound to success after all.. For more information to visit :

More Related