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Congratulations to all our winners & participants at the Olympics. We are so proud of you !!

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Today, the #SeedIndustry is witnessing a bundling of services and value-added offerings like merging of #crop protection lines and seed business, as well as helping farmers with services to better utilize the company's products. #SAPBusinessOne ERP solution is flexible, scalable, and packaged with comprehensive modules. The lack of such a solution from major ERP vendors has led to enterprises struggling with many process-related challenges. Our solution has been tailored keeping in mind these challenges, which are outlined below:

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Today is the best day to pay tribute to all the gurus in our #life. #HappyGuruPurnima! https://osswalinfo.com/

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Managing your subsidiaries just got easier. For companies with multiple business units or subsidiaries the #SAPBusinessOne #ERP solution makes consolidating financial data across business entities easy. Now it’s simple to streamline processes, manage price lists, and make faster decisions based on unified data for the whole company. Visit: https://osswalinfo.com/ For more updates please like, share,& follow.

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May Allah grant you and your family a peaceful and prosperous life. Eid-Ul-Adha Mubarak! https://osswalinfo.com/

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Thrive in the #digitaleconomy by creating transparent and sustainable supply chains and increasing #farming efficiencies with seed Industry solutions from #SAP. Visit: https://osswalinfo.com/ For more updates please like, share,& follow.

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Discover the small business management solution designed for you!With financials, sales, CRM, analytics, inventory management, reporting and much more in one, easy to use solution you have everything you need to manage your unique business.

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Use these general guidelines to make your ERP Software selection process easier

Switching to Enterprise-Ready solutions has become more of a fad than recognizing the system’s true requirement. Business leaders try to mimic their market rivals and their methods to get a competitive advantage; yet, only a few leaders understand the relevance and necessity of having an ERP solution in the organization. Furthermore, they lack the information required to identify the best-fit solution for the firm. It has frequently been seen that consumers purchase solutions suggested to them by reputable sources; yet, they fail to see that each firm and its demands and requirements are unique. As a result, software that works wonderfully for one organization may not work for another.

It has frequently been observed that customers purchase solutions suggested to them by reputable sources; yet, they overlook the fact that each firm and its demands and requirements are unique. As a result, software that works wonderfully for one organization may not work at all for the other.

The best-fit ERP solution for a firm is defined by certain basic criteria and certain dependent aspects based on the industry and company type. Failure to comprehend the same may result in difficulties managing corporate operations or inefficiencies in utilizing the software’s full capabilities. So, if you want to know what these criteria are, read this post.

Best-in-Breed ERP Software Features

Because there are dozens of ERP software options on the market, selecting the best ERP software for your needs can be difficult. However, concentrating on several “must-have” aspects might help you choose your ERP wisely. Let’s have a look at these elements:

Integration

The primary goal of implementing an ERP system in a company is most likely to integrate all of the business’s fundamental processes. This reduces the likelihood of misunderstandings within the company and increases transparency and traceability in business operations. Users from all departments feel more connected and are better informed about all business operations.

Data Storage

To act as a shared platform for storing, accessing, and transmitting company information, the ERP must be a single source of truth. Furthermore, ERP must ensure that the data stored/shared is always absolutely secure. It must enable the encrypted type of data exchange, in which the communication is encrypted and is end-to-end protected.

Scalable

Every company strives to improve in every way. As a result, the solution it chooses must support the company’s future development. The solution must be adaptive to changes and be ready for future changes and conditions. The solution should adequately accommodate the organization’s future needs.

Add-on Feature

Every solution is built with specific protocols that stay constant. However, some adjustments are required to make that solution match a certain business. As a result, your ideal ERP software must offer customizing or add-on features that are specifically planned and built to suit a specific business type.

There you have it, some of the fundamental elements that go into designing great ERP software. However, you cannot just buy the software based on its theoretical uses; thus, it is always suggested to get a demonstration before committing to one option. SAP Business One ERP software, for example, has shown its skill in practically every area and is the greatest ERP software known to date. However, we will still require you to obtain an SAP Business One Demo to understand how it works for your firm.

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The Importance of Choosing the Right SAP B1 Implementation Company

SAP’s solutions and products will change the game in the future. They provide organizations with the ability to view, process, and extract data in previously unthinkable ways. One truth that can never be overlooked is that no two companies have the same needs. That is why it is impossible to overstate the value of matching your requirements with the right SAP B1 implementation partner.

The standard of the SAP Business One implementation partner you choose will determine the project’s success or failure, as well as other crucial factors such as cost and implementation timetable. Here are some of the advantages of selecting the best SAP B1 implementation partner.

More Time Can Be Spent on Business Process Design

You can avoid worrying about software design by adopting SAP Business One and selecting an implementation partner to guide you through the process.

You can get much-needed local support if you choose the right SAP B1 implementation partner. The implementation goes through several stages and may encounter several teething problems along the way. The right partner will use the best SAP Business One implementation and support approach and will be able to dispatch a technician as required.

Assisting You in Achieving Your Business Objectives

Your business situation and vision are matched with the right developer by the right SAP B1 implementation partner. This ensures a smooth execution, frees up money for other critical tasks, and equips you with the knowledge you need to realize your vision. Individual users are immediately given the ability to become more involved in the system and organization.

Fast Return on Investment

SAP Business One implementation is a long-term investment, not a one-time cost. The key is to match the right software with the right implementation partner; otherwise, failure is a distinct possibility. Within a few years, with the right SAP Business One implementation partner on board, ROI can begin to materialize.

Choosing an SAP Business One software implementation partner is a method that requires all of the attention it deserves. After all, this is the beginning of a long-term partnership that can last up to a decade from project planning to implementation and support.

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What is E-Invoicing and Why Does It Matter in India?

The country’s modern taxation system has proven to be a boon to the country’s burgeoning economy. As the world’s largest democracy, India’s tax reform has not only strengthened the economy, but it has also made the taxation system more transparent than ever before.

E-invoicing is now available for B2B (Business to Business) and B2G (Business to Government) transactions, following the adoption of the game-changing GST Rule. E-invoicing is being rolled out in B2B transactions in the world’s largest economy, India, initially to tackle tax evasion.

Following in India’s footsteps, European countries are preparing to adopt similar policies for their businesses. Implementing an E-invoicing system would assist them in digitizing their economy, opening new doors of opportunity for their company in terms of revenue generation and job creation.

E-Invoicing?

Electronic invoicing, also known as E-invoicing, is a method of processing and producing invoices in an electronic format using a common network used by buyers and suppliers. All B2B invoices will be electronically validated by GSTN after the introduction of the GST e-invoicing method, subject to some limitations. With the aid of the SAP Business One ERP Software, which has an e-invoicing module, all businesses across the country can produce e-invoices.

Beginning April 1st, all companies with a revenue of Rs 50 Cr or more will be mandatory to use electronic invoicing (e-invoicing). The new framework for producing standard e-invoices would make it easier for tax officials to access information about business-to-business transactions, minimize tax avoidance, and ease enforcement.

It will help the company grow while also ensuring that all financial transactions are transparent. The following are some of the reasons why E-invoicing is so important: 

Helps you save time

The financial reports were not well organized prior to the introduction of e-invoicing. Many times, it was done manually or with the aid of a variety of tools. The possibility of errors increased as the documents were dispersed. To minimize the steps that were previously followed, e-invoicing was introduced to remove the chances of mistakes and save time. As a result, it saves both suppliers and buyers a significant amount of time. It also automates GSTR 1 fillings, allowing for substantial time savings.

Cost Control:

If the world moves toward a digital economy, it places a greater emphasis on operating without paper. E-invoicing can be exchanged electronically with buyers and sellers with confidence because it is produced and authenticated by the government as a genuine invoice.

Error Probability Is Reduced

There are more chances of errors when invoices are produced manually. As a consequence, it can lead to a lot of contradictions in business dealings. Looking for E-invoicing applications is the only way to prevent issues like these. With the support of apps, buyers and sellers will be able to ensure the highest degree of accountability in the entire business process.

Customer Satisfaction

Customer loyalty is critical to every company’s success. E-invoicing will help you save up to 90% on transaction costs. Since it is paperless, consumers will benefit from early payment as well as the best offers for any order.

Fraud probability is minimized

There are less or no risks of theft as E-invoices are tracked in real time. The introduction of e-invoicing has offered tax authorities a valuable weapon in their fight against fraudsters.

Final Thoughts

For a developing country like India, where tax evasion is a major issue, implementing E-invoicing would help to solve the problem to a large extent. Apart from that, it would help both organizations retain accountability in the long term. It will help to fuel the Indian economy and lead the nation toward growth and stability in the future.

As an ERP Software provider in India, we have efficient business management modules to help you automate and streamline your business process and give you real-time visibility of your business processes. What are you still waiting for? Let’s use SAP Business One to help you digitize your business.

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When Does Your Business Need ERP?

Goals that align with a company's short- and long-term growth, as well as analyzing future business challenges, are often the subject of business development. Regularly analyzing structures and procedures will help a company determine whether or not it needs to integrate an ERP software.

When it comes to current business structures and procedures, an ERP approach should be considered:

No longer functional or inefficiently functional (throttling/bottlenecking)

The company's development is no longer supported.

Current protection standards are insufficient to minimize risk.

It's essential to recognize and repair broken processes if you want to develop and improve. Here are a few opportunities that may indicate that a mechanism is no longer supporting company growth:

Using/relying heavily on different databases/spreadsheets/programs that require manual data management processes and are often out of sync

Access to information and analytics is complicated and/or out of date.

Paper-based accounting, financial statements, and other day-to-day procedures are complicated or time-consuming.

Because of unreliable or incomplete results, sales and customer experience suffer, and the company's reputation for reliability and quality suffers.

IT processes that are inefficient, complex, and difficult to understand. Current systems have poor scalability and legacy solutions that are fragmented.

To keep up with development, IT time is spent fixing/patching legacy systems.

Does not accept cutting-edge technology such as the Internet of Things, artificial intelligence, and so on.

Businesses will take the next steps to solve these business problems and promote business development once broken processes have been recognized.

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Should SMB’s Invest In Enterprise Resource Planning?

In today’s business environment, no business is too small for an ERP solution. Learn the benefits of this long-term investment. This is a question many business leaders ask themselves. The acquisition of an ERP system is one of the largest investments a company can make, but many small and young companies claim that they are “too small” for ERP. This stems from the mindset that the number of users drives the demand for enterprise resource planning solutions . The fact is that a small business must be faster and sharper than the competition. In today’s business environment, no business is too small for an ERP solution. ERP allows small businesses to appear, act, and operate like an enterprise-scale enterprise.

Enterprise Resource Planning (ERP) has been considered the backbone of many enterprise-scale enterprises. The software is a key tool for managing production, order processing and inventory. It also monitors business resources among stakeholders, such as; revenue, materials, orders, staffing, and manufacturing capabilities. All of this is done in a single interactive database management system with built-in analysis and dashboards. ERP can be implemented in multiple industries, including manufacturing, retail, human resources, steel, concrete, banking, pharmaceuticals, chemicals, oil/gas, and agriculture, agriculture, and livestock management.

In the past, small businesses did not have so many suitable ERP options. These companies simply do not have the funds or technical support to create the infrastructure needed to adopt traditional enterprise-scale ERP Software . As a result, the growing company ultimately created a fragmented business structure consisting of several separate programs that deal with finances, inventory, sales, wages, etc. However, recent technological advancements have opened the door to more practical small business solutions.

What Do Small Businesses Need to Understand? In a small company or start-up company, employees wear multiple hats. Everyone pitches where and when they need it (this is often). Who has the time to manually process multiple spreadsheets and separate large amounts of data? Enterprise resource planning systems for small businesses can mix and automate key business functions such as order processing, production, and finance.

What Benefits Do Small Businesses Get From ERP?

Transparency: Not every department has its own information system, but all relevant data can be shared and accessed by all departments. This eliminates the need to re-enter or export data, which may reduce errors, increase productivity, and reduce human resource expenditures.

Decision-making: The real-time data provided by the system can be beneficial to marketing, management, and accounting, enabling organizations to make important decisions on time and reduce waste. The team can spot any potential obstacles or problems that could shake productivity levels. The overall picture of the business allows business leaders to make effective decisions and respond quickly to the ever-changing business environment.

Productivity: By simplifying business processes, staff can focus more clearly on managing more business volumes. This helps transform all aspects of the business and overcome the challenges involved in business growth.

Plan for Now and the Future

Due to the risks of financial and inefficiency, many young and small companies are reluctant to invest in mature enterprise resource planning solutions. Ultimately, you need to understand how your business works to fully understand what you want from the ERP program.

This enterprise resource planning solution is very suitable for companies with various needs and complex business processes, while maintaining cost-effectiveness and rapid use. This company knew that it was moving in the direction of growth, so instead of starting with entry-level accounting software and eventually transitioning to advanced ERP solutions, they invested in a solution that would make them successful.

If implemented incorrectly, even the best ERP software will fail. With so many options, it may be in your best interest to find a consultant who specializes in ERP solutions and implementations, and to ensure that you choose the right system and effectively manage changes.