#ERP Software Selection in Pakistan

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Proveedores de ERP en Uruguay

Proveedores de ERP en Uruguay Edgard Zuluaga Proveedores ERP en Uruguay El uso de una solución de software ERP eficaz es clave para lograr el éxito en la gestión de los procesos de negocios (BPM).  El mercado uruguayo incluye muchos proveedores de este tipo de solución. Gecos (nosotros) Gecos Transformación Digital se especializa en implementar y administrar sistemas de gestión integrados, contando Proveedores ERP en Uruguay El uso de una solución de software ERP eficaz es clave para lograr el éxito en la gestión de los procesos de negocios (BPM).  El mercado uruguayo incluye muchos proveedores de este tipo de solución. Gecos (nosotros) Gecos Transformación Digital se especializa en implementar y administrar sistemas de gestión integrados, contando con clientes de primera línea, como SEVEL, Hospital Británico, Frigorífico Las Piedras, Organización Salhón y Universidad ORT, entre otros. La visión de Gecos es ser un referente en soluciones de gestión y sistemas. Su misión es transformar digitalmente los procesos de las empresas para hacerlas más eficientes, eficaces y rentables. Quiero una consultoría ERP Encuentre en la lista a continuación las mejores empresas de software ERP, agencias, proveedores de servicios y revendedores de TI que se encuentran actualmente en nuestra plataforma para ayudarlo con los servicios de implementación, capacitación, soporte o consultoría en Uruguay. 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Desde estas oficinas Quanam dirige las operaciones on-site,... -  Country: Uruguay - City: Montevideo   Expertise CRM ERP Supply Chain Management Analytics Software MSPs   IBM Odoo  View ProfileSolicitud de Cotización  NexitSoluciones de negocios de vanguardia basadas en software libre -  Country: Uruguay - City: Montevideo   Expertise ERP MSPs      View ProfileSolicitud de Cotización  CABATELVea las soluciones, los servicios y la cartera de productos de CABATEL -  Country: Uruguay - City: Montevideo   Expertise ERP VOIP MSPs   Odoo  View ProfileSolicitud de Cotización  Arnaldo C CastroNos enfocamos en la provisión de capacidades profesionales en informática y tecnología, basados en una minuciosa selección de recursos humanos, capacitados al más alto nivel y potenciados con la experiencia de realizar esta tarea a gran escala, en mú... -  Country: Uruguay - City: Montevideo   Expertise CRM ERP Business Intelligence Cloud Storage MSPs   Odoo APC CA Red Hat Dell Fortinet Vmware more  View ProfileSolicitud de Cotización  DynamoMejoramos procesos de negocio implementando soluciones de ERP y CRM. Somos el único Microsoft AX Gold Partner en Uruguay. ¡Consúltenos! -  Country: Uruguay - City: Montevideo   Expertise CRM ERP Business Intelligence MSPs   Dynamics Power BI  View ProfileSolicitud de Cotización  InvenzisSomos una empresa de actividad global que brinda soluciones en tecnología SAP, promoviendo la innovación y logrando resultados rentables a nuestros clientes -  Country: Uruguay - City: Montevideo   Expertise ERP Procurement Analytics Software MSPs   SAP Hana Ariba  View ProfileSolicitud de Cotización  TDT ConsultantsVea las soluciones, los servicios y la cartera de productos de TDT Consultants -  Country: Uruguay - City: Montevideo   Expertise ERP Supply Chain Management MSPs   Odoo  View ProfileSolicitud de Cotización  Sistemas InformaticosSisinfo empresa uruguaya líder en desarrollo de software de gestión gubernamental. -  Country: Uruguay - City: Montevideo   Expertise ERP MSPs      View ProfileSolicitud de Cotización  Arkano SoftwareArkano is a solution provider for enterprises that uses technology for digital transformation. 7 times Microsoft Partner of the Year. -  Country: Uruguay - City: Montevideo   Expertise CRM ERP Email Collaboration MSPs   Dynamics Microsoft 365 Microsoft Teams Microsoft  View ProfileSolicitud de Cotización  Dynamo GlobalBusiness Consulting Company with a Focus on Process Optimization through the Implementation of MS Dynamics 365 Finance & Operations and Support Services. 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Tax deductions with Accounting Software in Pakistan

Erpisto #1 Accounting Software in Pakistan There is a lot of confusing and contradictory information available. It's difficult to grasp what a sole owner needs to do to understand the tax ramifications of running their business between the website and sites with a lot of adverts. That's why we decided to write this guide — no adverts, fluff, or technical jargon, just straightforward, easy-to-understand facts. Are you paying attention to what we're saying?

As a solo proprietor, you're always looking for ways to save money and increase your profits.

We understand. So, let's discuss about tax deductions for sole proprietorships.

The quick version is that more deductions equals lower taxes.

As a sole proprietor, it's in your best interest to take advantage of and maximize tax deductions. They'll lower your tax bill, allowing you to put more money into your company.

It's not easy to file taxes as a sole owner, so don't fret. We're here to assist you.

To begin, we'll go through the fundamentals of a sole proprietorship and how it's taxed. Then we'll go through many tax deductions you should be aware of and how to take advantage of them.

Erpisto #1 Accounting Software in Pakistan

What are the signs that I'm a sole proprietor?

That is an excellent question. To assess your tax responsibilities, you must first decide if you are a sole proprietor. This is required in order to calculate your deductions!

Ownership is not restricted to a single industry. A lone proprietor is a person who owns and operates their own firm. Because it is not a legal corporation, the owner is responsible for all financial and legal obligations.

Even if you work as an independent contractor for one or two companies, you are very certainly a sole owner. In most cases, employers do not deduct taxes from an independent contractor's pay. You're probably a lone owner if no one is withholding your taxes.

The simplicity of starting a business as a lone owner is appealing. It's by far the simplest business to start because all you need is yourself and a set of abilities. Here's an example of a sole proprietorship business to get you started:

Services for computer repair

Freelance writing or graphic design are two options.

Photography for a landscaping or lawn service

Do sole proprietors have to pay taxes on a quarterly basis?

If you're new to working for yourself, you'll need to brush up on your tax knowledge.

One significant distinction is the payment of estimated taxes. Because your company does not deduct this money from your paycheck, you must make these every quarter to assist you meet your tax obligations.

If you work with an accountant, they can assist you in calculating your quarterly single proprietor taxes.

You'll need to know your net profit or loss to make accurate payments. Any net income over $400 earned each year must be paid to the Accounting Software in Pakistan.

What is the best way for a sole proprietorship to pay taxes?

It's time to start thinking about taxes now that you've determined you're a sole owner. We understand that this isn't the most enjoyable subject.

We'll break things down for you and make the process a little easier.

The quickest and most convenient way to pay your lone proprietor taxes is to go to the website and pay online. You have the option of using your bank account, a debit card, or a credit card. You can plan payments in advance by using your bank account. Those paying by debit or credit card can now make a payment over the phone. You can send a check, but the fastest way is to do so online. If you can't pay your tax bill right away, you can set up a payment plan. It's worth noting that this figure could contain interest and late fees. Don't forget to visit the website of your state's Department of Revenue. They are in charge of state sole proprietorship taxes, and it is to them that you must submit your state payment. While you may owe less in state taxes than in federal taxes, it's still vital to pay them.

Do sole proprietorships have to pay sales tax?

As a result, if you manage a flower shop or an internet store, you'll have to pay state taxes on the items you sell. The state in which you live will determine your tax rate.

You won't have to pay sales taxes on your services if you're a writer or graphic designer, but you will have to pay state sole proprietorship taxes on the money you make.

What is the procedure for a lone proprietor to receive a tax refund?

Overpaying on quarterly projected payments is the greatest way for a solo proprietor to seek a refund. If you pay more than you think you owe, you'll have a better chance of getting a refund when you file your return.

If you pay more in the hopes of getting a refund, you'll miss out on the opportunity to put that money to better use throughout the year.

As a lone proprietor, what expenses may you deduct?

Now comes the fun part. Let's speak about the deductions you can take as a sole proprietor when submitting your taxes.

You can have a lot of inquiries, such as "how much of my phone can I deduct from my taxes?" or “Can a home repair be written off?”

Each of these is covered in detail in the sole proprietorship standards. However, to save you time (which we understand is valuable as a business owner), we've compiled a list of significant deductions to be aware of. This will assist you in lowering your sole proprietorship's tax burden.

Is it true that our initial costs are tax deductible?

You're well aware that beginning a business is a difficult task.

It's also quite costly.

You can, fortunately, deduct some of your charges. In your first year in business, the Accounting Software in Pakistan will allow you to claim up to $5,000 in deductions. Advertising, travel, and fees linked with services or consultants are examples of these costs.

All of your beginning costs should be treated as capital expenses, according to the IRS. While interest and taxes can be deductible in some situations, they cannot be deducted as startup costs on sole proprietorship taxes.

Getting your firm off the ground costs a lot of money.

Starting a business as a sole proprietorship has one of the lowest entry barriers. However, you will need to invest some money to get your idea off the ground, just like any other firm. Many of these costs can be deducted from your taxes as a sole proprietor.

The majority of businesses require a website. There are fees associated with getting a site online, whether you develop it yourself or hire an expert. You'll need to get a domain name and create landing pages, among other things. Each of these goods has a price tag attached to it. You may deduct each as a business cost on your single proprietorship taxes, which is wonderful news.

Continuing education is important.

Perhaps you'd want to attend a few classes to extend your horizons.

The cost of your own schooling is deductible. You can subtract classes that help you maintain or develop your abilities in your current field.

You must be able to demonstrate that the knowledge you received maintains or enhances the job-related abilities.

If you're an accountant, taking a culinary class is unlikely to be tax deductible (but it may save you money on client dinners).

Deductions for health-insurance premiums

You probably bought insurance from a private company or the Healthcare Exchange.

In most cases, you'll be able to deduct the cost of any health, dental, or eligible long-term care insurance you buy.

You, your spouse, and any dependents may be included. These are not only wonderful investments, but they also help you save money on your sole proprietorship taxes.

Taxes on Social Security and Medicare can be written off.

The deduction of Social Security and Medicare from most W-2 employees' paychecks is handled by their employer.

You'll have to handle this on your own as a lone proprietor. On your quarterly social security and Medicare payments made throughout the year, you can claim a 50% reduction.

Plans for Retirement

It's a no-brainer to put money into a retirement account. As a lone proprietor, it's even more critical to keep track of your finances. You can deduct portion of your contributions from your taxes, according to the Accounting Software in Pakistan.

Let's look at two of the most common programmes and how they affect your sole proprietorship taxes.

Roth IRA: Roth IRA contributions are not tax deductible. Traditional IRA: If you or your spouse (if you're married) aren't protected by an employer retirement plan, you can deduct your whole contribution. When it comes to single proprietorship taxes, the rules are a little more complicated. The amount deducted varies depending on the plan you choose and whether or not you contribute to it.

It's beneficial to work in your pajamas.

In today's world, it's highly likely that you're working from home. Maybe that's where you've always worked. This space can be claimed as a deduction because it is used for a business. The Simplified Method and the Regular Method are the two procedures used by the Accounting Software in Pakistan for home office deductions. There are two key conditions that must be met regardless of the option you choose: Your home office should be your primary place of business and should be utilized solely for these purposes. It's where you do most of your business. We'll go over how to figure out how much your home office is worth and how much you may deduct. If you have a home office or a room that is utilized for that purpose.

Simplified Method:

This option became available in the 2013 tax year.

It does not modify the qualification standards, but it does make the calculation easier.

$5 per square foot is the standard deduction (up to 300 sq. feet).

Mortgage interest and real estate taxes, for example, may be eligible.

By decreasing the quantity of record-keeping, this strategy makes things simple.

Regular Method: 

If you pursue the traditional approach, you'll need to figure up all of your home office expenses (utilities, mortgage interest, insurance, etc.)

Rather than cost per square foot, the deduction is based on the percentage of your home that is used for commercial purposes.

You may be able to claim direct and indirect expenses on your taxes if you use the traditional technique.

Here's the whole list of deductions you can take from your home office:

Losses due to rent casualties

Insurance against mortgage interest

Utilities

Depreciation

Repairs and maintenance

These write-offs are usually divided into two categories: direct and indirect charges. Repairs and upkeep to your office would be considered direct expenses because they are only tied to the commercial section of your house. Typically, these are entirely deductible. Indirect costs are those that apply to your entire home. Insurance and utilities, for example, are indirect because you use them for both commercial and personal purposes. To determine the permitted deduction, you'll need to compute the proportion usage of these items in relation to your firm.

Is it possible to deduct home repairs?

Home repairs that are directly relevant to your home office can be deducted. Perhaps you installed some storage, a new workstation, or repainted the room. These are costs that are tax deductible.

Unfortunately, deducting the cost of new kitchen countertops is not an eligible deduction.

What is the maximum proportion of utilities that I can claim?

When you saw utilities on the list, that was certainly one of the first things that came to mind.

Because home utilities overlap with personal use, you'll need to figure out what percentage of your home is used for business. You can use that formula to figure out how much of your utility costs you can deduct.

How can you figure out how much your home office is worth?

The Accounting Software in Pakistan allows you to depreciate the portion of your home that you use for business, but not the cost or value of the land. Before you depreciate your house, there are a few things you should know:

When you first started doing business out of your house.

The expense of upgrades done before and after you started doing business with it.

The proportion of your home that is used for business.

Your home's adjusted basis when you first started utilizing it for your business.

Alternatively, the fair market worth at the time you used it for business.

What if you rent?

Since we’ve talked about home office space, this may raise a question: “I’m a renter. Can I deduct rent on my sole proprietor taxes?”

The short answer is, yes. The same requirements apply to the business use of your home.

If you rent space (an office, co-working desk, store, etc.) you can use this as a deduction.

The IRS does have a caveat on what they refer to as “unreasonable rent.” Meaning, if you’re renting space from someone to whom you’re related, you need to pay them the same amount you would a stranger landlord. This situation typically only arises if you’re related, in some way, to the owner of the property.

Choosing a deduction option for a home office

If you're not sure which method is ideal for you, take out your calculator (also known as your cell phone) and conduct some calculations. If the projected deduction is close to the same, utilizing the simplified technique will likely save you time and frustration.

This is one of the best deductions for single proprietorship taxes, regardless of whatever option you choose.

Daycares are exempt from the rule. You can still claim a home deduction if you use your house to care for children, people over the age of 65, or people who are unable to care for themselves. You'll need to figure out how much of your home is used for childcare.

For your phone, there are deductions.

If you own a company, you're undoubtedly wondering, "How much of my phone can I deduct on my taxes?" After all, it's a significant element of your business. Cell phones aren't getting any less expensive, either (as we said earlier, it doubles as your calculator).

The IRS does not allow you to deduct the expense of your home's first phone line. Long-distance calls and the use of a dedicated business phone are both allowable deductions.

Deducting your travel and mileage expenditures

As a lone owner, you presumably use your vehicle for business activities, such as driving to meetings, conferences, and business meals, even if you usually work at home or at an office.

You are free to utilize the automobile in your personal life as well. If that's the case, you'll need to figure out what percentage your company uses.

It is possible to deduct mileage. This refers to journeys taken outside of your typical commute or within the approximate vicinity of your workplace and home.

Meals

The client dinner, oh, the client meal. Lunch is another option. Perhaps some coffee. Whether you like them or not, these meetings may pile up. Meals and entertainment expenses are normally eligible for a 50% deduction. The cost of travel to these meetings is a distinct expense that is not subject to the 50% rule.

When travelling for work, it's common to take advantage of free time and sight-seeing opportunities. You cannot deduct any expenses incurred during your vacation that are not relevant to your business (for example, travelling to a sporting event or visiting a museum).

Is it possible to claim coffee as a business expense?

If you enjoy coffee, you're in luck. In certain circumstances, you may be able to deduct your coffee expenses.

This is not deductible if you go to your local coffee shop for an afternoon pick-me-up. If you're meeting someone for a meeting, though, you can deduct 50% of the expense.

If you purchase brewing equipment or coffee for your home office, you can deduct the cost on your IRS sole proprietorship taxes.

Assets that depreciate

It's rare that most sole Accounting Software in Pakistan have a substantial number of assets having depreciation that can be deducted.

Let's take a quick look at this to make sure we've covered all of our bases. You can deduct a maximum of $1,040,000 starting in tax year 2020.

Depreciation on a vehicle is the most likely application for your sole proprietorship. The maximum depreciation deduction for a vehicle you use for work and that was first put into operation in 2019 is $10,100.

Expenses associated with impairment

If you have a disability, you may be able to employ services or tools to assist you with business responsibilities. If the support is solely for business purposes, the charges might be deducted from your sole proprietorship taxes.

Perhaps you require a computer to type documents and emails but are unable to do so. Buying dictation software for your business might be written off as a business expense.

Bad debts, loan interest, fees, oh my...

Hopefully, this does not happen frequently, but you may have a client who is unable to settle a bill you owe them.

A bad company debt can only be claimed if it was previously disclosed on your income.

Interest on loans that you intend to repay can usually be deducted. This is especially handy if you bought your firm with the help of a mortgage. You can deduct the costs of obtaining a mortgage from your sole proprietor taxes (again, providing you utilize the property for business purposes). The interest you pay on your mortgage can also be deducted.

Clubs and fees for organizations

A chamber of commerce, trade association, or networking group might be a good option. These groups are great for getting the word out about what you offer and meeting other professionals. These fees can be deducted if the organization is established for a business purpose.

This exception is to the IRS rule that club meals are not deductible. Your membership to a golf course didn't make it into the list.

We can help you to help yourself

There are many things you can do in tax season to make it less stressful.

Keep track of all your records. You can either save your records digitally or print them (preferably both). This information should be kept safe. Keep your receipts, bills, and statements organized. This will make it easier to find and allow you to take advantage of any deductions.

Hire a competent accountant. It is worth it to file correctly and get all the sole proprietorship tax deductions. It's OK if you are not a great at keeping records. A professional bookkeeper can make your life easier and prevent you from making costly mistakes. When it comes time to file taxes, your accountant will be grateful for the work of the bookkeeper. These services are also deductible.

Separate your personal and business expenses. If you blur these lines, things can become complicated. You should only make purchases with your business income ( Hint : eating out for yourself is not deductible).

Considerations for COVID-19

The IRS delayed the deadline for 2019 taxes due to ongoing economic crisis and pandemic. It will now be July 15, 2020.

Numerous state governments have changed their tax deadlines. Check with your Department of Revenue to find out more.

Additional resources available for sole proprietors

Due to the increase in gig jobs, IRS resources for sole proprietorship have been made easily available. Side gigs can be anything from ride-sharing to online creative marketplaces. More people are making side incomes than ever before.

These types of work are often part-time or temporary and done via digital platforms. This category could include services such as freelance writing, photography, and design work. Other sellers may offer handmade goods on online marketplaces such as Etsy and Uncommon Goods.

These fields have tax implications. You will need to pay taxes on gig work, regardless of whether it is your full-time job or a side hustle with Accounting Software in Pakistan. To reduce the tax burden on sole proprietorship taxes, the IRS recommends keeping track of all expenses.

You must keep track of your income. This is good business practice. You will still need to report income, even if you don’t receive a 1099 form from the people with whom you have worked.

Solopreneur does not necessarily mean you are in it alone

Even the most financially well-informed, tax season can send a chill down your spine. Many people worry about how to pay their taxes or what they should do. It doesn't have to be lonely filing taxes as a sole proprietor.

It's easy to get overwhelmed by all the information available. However, it will be easier to have a competent accountant or bookkeeper.

Even if your ability to manage your own records is sufficient, you should consider buying reliable bookkeeping software. This will allow you to keep all of your information in one place. It is crucial to keep good records in order to pay your sole proprietorship taxes. Your life will be easier after April 15 (or July 15, 2020).

Good habits are key to maximizing your business income. Your taxes can be viewed as a way to lower your expenses. Taxes can be one expense that you don't have control over if you are a sole proprietor. It is difficult to reduce rent, payroll, and insurance. You can reduce the tax impact on your bottom line by being meticulous in your business management.

To help sole proprietors do the things they love. This allows you to spend less time worrying about details such as taxes and deductions.

Simple Accounting Tips

KISS Keep it simple. Start small. A sole proprietorship is the simplest entity to start your business. This type of ownership does not require any special communication to the Internal Revenue Service or filings until you begin paying employees.

You are the sole proprietor. If your municipality or county requires it, you can only obtain an occupational license. You, the owner, are responsible for all state and city taxes collected on wholesale or retail sales that your business makes. State tax collection is not applicable to service businesses or most cross-state sales.

A personal liability umbrella policy is the best and most affordable way to protect yourself from personal liability as sole proprietor. It is important to know your trade and keep detailed records to avoid any liability.

Focus on building your business, not on communicating with the IRS. The IRS won't even know that you are a sole proprietor until you file your first personal income tax returns. Schedule C will be included in your return. This schedule lists all sales and expenses that you have recorded for your business. These sales and expenses don't need to be held in separate accounts as required by the LLC/Incorporation form. To provide a tax refund, the sole proprietor's losses can be offset by your day job's earnings.

In the first five years, 90% of small businesses go under or become new owners. You can plan your business to prosper, but if it becomes sole proprietor, you must cease doing business. There is no need to communicate with the IRS or fill out special forms. You will not be subject to additional taxes. Just file the final Schedule C along with your next personal tax return. KISS.

How can you get paid as sole proprietorship? You can simply take the money out as an advance. There are no quarterly forms or payroll taxes. Startups lose money in the initial years. Keep your day job to cover your living expenses.

You should know that "write-off" does not mean you are exempt from expenses. It only means that you will be able to save some taxes if you use the income for specific purposes.

Once you have passed the five-year hurdle you can speak with a CPA to discuss other entity types that may be able to save you taxes. A simple bookkeeping entry can transfer all business assets from the sole proprietorship to the new entity, without tax penalties of Accounting Software in Pakistan. You can then quit your job and celebrate your new income.

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ERP Software in UAE

Enterprise resource planning is a software solution that is used by many organizations to manage their business processes. ERP software is a business management software that manages business functions like financial processes, supply chain operations, manufacturing, human resource, project management, and procurement process. Enterprise resource planning systems connect the businesses and enable the stream of data between them. This system may collect transactional data from many sources and remove the duplicate of the data.

Business Functions that Benefit from ERP Software

ERP software solution covers many fundamental functions of the organizations and manages business operations, some main functions of ERP software are followings

1.       Finance

ERP software will help you to increase profitability, and it offers dashboards and AI-driven insights that give an overview of your finances, and it will help you to check the real-time insights of your finance operations and help you to check the cash flow of your business procedures. By automating daily tasks and it includes tracking abilities will helps your business regulatory compliance.

2.       Human Resource

ERP software solution manages human resource functions and manages company data and streamlines the company management functions like payroll and hiring. With the help of ERP software, you are in a better position to retain, recruit, and empower employees while tracking employee performance and identify HR problems.

3.       Supply Chain

ERP software will automate the business procedure by automating supply chain function, if you still bookmark information manually and would track your inventory in the warehouse it requires time and if your organization is using ERP software for the supply chain then it saves your time and money and helps to track your inventory easily in your warehouse. It also offers business intelligence and internet over things (IoT) technology that will help you to easily handle your inventory management.

4.       Manufacturing

ERP software improves business communication processes and automates the business processes through manufacturing process automation and offers manufacturers the to fulfill customer needs and manage resources by accessing real-time data.

 What Does ERP software do for Business?

Today ERP software solution is an agile, secure, and data-driven system that plays an important role in cloud-based digital business. This software solution can be easily implemented on small and large businesses and manages day-to-day business activities. ERP software helps organizations in

  •             Accelerate Time to Value

ERP software solution implementation model will push time to value and provide the scalability to add on capabilities and it saves time and does work efficiently.

 •             Deliver Productivity and Agility

ERP software empowers your workforce, automates complex processes, and increases collaboration across your entire business environment.

 •             Access Real-Time Visibility

ERP software control enterprise-level insights to enable quick, and data-driven decision-making and ease to access real-time visibility and insights of the business.

ERP software providers are those companies that provide services including consultation, deployment, training, certifications, and support for ERP solutions. These consulting companies will help the customers to select and install an ERP solution as per their business requirements. TMR Consulting is also an ERP software provider and has Microsoft-certified professionals which help clients in the selection of best suited ERP solutions for their business and provides ERP solutions in Pakistan UAE and the US.

 TMR Consulting is a Microsoft Gold partner company in the USA that will provide its services in the USA, UAE, and Pakistan. TMR Consulting will provide ERP software solutions to large and small business entities so that with the help of ERP software solutions they can automate their business and boost up their functions if you need a unified business management solution that caters to all your business needs, just find out and ERP solution according to your business requirements. Microsoft has a wide range of ERP solutions for all kinds of business organizations from SMBs to large enterprises. You can either deploy a complete ERP solution or a single module based on your business needs.

https://tmrconsult.com/ae/about-us/ERP-in-UAE-and-Dubai

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ERP Software in UAE

Enterprise Resource Planning is a type of software that’s many organizations use to manage day to day business activities like procurement, accounting, project management, risk management, compliance, and supply chain operations. ERP software also integrate and manage the core business processes like finance, HR, supply chain and inventory management in a single system. TMR Consulting is a Microsoft gold partner company that will offer its services in providing ERP software consultancy in UAE and in Pakistan and USA. ERP consultants helps businesses in selection of best suited ERP system for businesses and helps businesses in implementation and provides support services to its clients. ERP Software automate businesses processes and helps businesses to complete its tasks efficiently and effectively. ERP software provides medium for the systems to share data across the various departments like sales, manufacturing, accounting, HR, and procurement department. ERP software roll out businesses purposes and achieves the connection to the outside stakeholders.

Business Value of ERP Software

ERP systems impacts businesses processes and aligns separate departments and improve workflows which results in major bottom-line-savings. Some of the basic business values includes:

v  Improved business insights from real time information generated by reports.

v  Lower the operational cost through streamlined businesses processes and best practices.

v  Enhanced collaboration from users sharing data in contracts, requisitions, and purchase orders.

v  Improved efficiency through a common user experience across many business functions well defined businesses processes.

v  Manage all the businesses activities and optimize businesses processes.

v  Higher user adoption rates from a common user experience and design.

v  Reduced risk through improved data integrity and financial controls.

v  Lower the management and operational costs through uniform and integrated operations.

Different Modules of ERP Software

ERP software has different modules, and these modules are designed for specific business functions, providing the data, and supporting processes and each module has their specific function.

v  Finance Module

The finance and accounting module is the most important ERP module because it allows the businesses to understand their current financial state and outlook. Key feature of thus module includes tracking accounts payable and account receivable and managing the general ledger.

v  Procurement Module

The procurement module or purchasing module helps an organization to secure the materials or products, and this module also approved vendors and ties suppliers to certain items.

v  Manufacturing Module

The manufacturing module helps manufacturers plan production and make sure they have everything; it also plans production runs like raw material and machinery capacity. Manufacturing module also helps to update the status of goods in progress and help companies to track the actual output against forecasted production.

 v  Inventory Management Module

Inventory management module enables inventory control by tracking item quantities and this module also offers a complete picture of not only the current but also the incoming inventory through and integration and procurement tool.

v  Warehouse Management Module

A warehouse management module can deliver a rapid return on investment for businesses that operate their own warehouses. This application can efficiently guide warehouse employees through all warehouse processes based on the layout of the facility and helps in packing and shipping.

TMR Consulting is a Microsoft gold partner company that will helps businesses in selection of best suited ERP software for their business. Our Microsoft certified ERP Consultants will also provide consultation and deployment of ERP software on businesses and provides the support services to its clients and customers after implementation. TMR Consulting provides ERP software consultations services in UAE, USA and in Pakistan. It offers different packages for small- and large-scale businesses and provides services on-premises based and on-cloud based.

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Benefits of using ERP software in Pakistan and Accounting software

Erpisto #1 ERP software in Pakistan On the market, there are numerous system solutions for a wide variety of operations. Whatever your business does, there's almost probably already a system in place that meets your industry's requirements. ERP software is widely used by companies of all sizes. The acronym for enterprise resource planning is ERP.

Erpisto #1 ERP software in Pakistan

ERP is without a doubt advantageous to a business. ERP has the potential to improve the quality and efficiency of a company's operations. Top management can benefit from ERP to make better judgments. ERP software in Pakistan allows a company to be more responsive to change and flexible. ERP strengthens data security in a closed environment.

Business Taska and ERP

The most basic benefit of ERP is that it integrates company activities, saving time and money. Management can make decisions faster and with fewer errors. Data is made available to everyone in the organization. Several business tasks become more efficient as a result of the following:

Forecasting sales leads to inventory optimization.

Every transaction's history is kept by capturing and storing pertinent data.

Order tacking from order acceptance until fulfillment, you may follow your order.

From invoicing to cash realization, revenue tracking is essential.

Purchase orders (what was bought), inventory receipts, and costs are all synchronized.

Centralized Business Data

ERP systems centralize business data.

Removes the requirement to synchronize data updates across many systems.

Finance, marketing, sales, human resources, and production modules are all consolidated.

Each element of transactional data is given legality and openness.

Gives you a birds-eye perspective of your whole company's data.

Management has access to real-time data from anywhere, at any time, to make informed choices.

ERP software in Pakistan consolidates several security systems into a single framework to protect sensitive data.

How do ERP systems benefit organizations?

ERP is unquestionably beneficial to a company. The following are some of the advantages that an ERP system adoption may provide to a company:

ERP may help businesses enhance their quality and efficiency.

ERP aids top management in making better decisions.

ERP makes a firm more flexible and adaptable to change.

In a closed environment, ERP increases data security.

Challenges of ERP

ERP software in Pakistan implementation has its own set of difficulties and challenges. The following is a list of some of the difficulties:

Standard best practices of company processes are provided by ERP. As needed, it will necessitate the customization of certain business processes. Customization is a time-consuming procedure.

Reengineering current business processes to fit with ERP procedures can be counterproductive at times, resulting in the loss of distinctiveness and competitive advantage.

ERP systems can be more expensive than less integrated or disjointed systems.

Because ERP is so costly, it has a significant changing cost. As a result, there is always the risk of a company becoming enslaved to a single type of ERP and increasing its reliance on a single ERP vendor for support.

Requirements for extensive ERP training.

Conclusion

ERP software in Pakistan is a must for modern firms to operate efficiently and financially. There are a variety of ERP solutions available, each with its own set of features (small, medium, and big businesses) and price structures. An organization can select and install the appropriate ERP system.

Services we Offer:Erpisto ERP

Quick Overview

Financial Management

Microfinance ERP Software

Enterprises HR and Payroll

Budgeting and Financial Planning

CRM

Erpisto Sales Management

Inventory Management

Asset Management

Warehouse Management (WMS)

Point of Sales (POS)

Ready E-Commerce Shop

Production Management

Process Manufacturing

Discrete Manufacturing

Erpisto CRM                                

Quick Overview

SalesForce Management

Lead & Opportunity Management

Sales Pipeline & Management

Account Management

Sales Quotation Management

Contact Management

Campaign Management

Reseller Management

Customer Services Management

Asset & Inventory Management

Telemarketing

Salesforce Automation

Multi-lingual Support

Erpisto POS (ChecPOS)

ChecPOS by Erpisto Overview

Retail POS

QucikSerivce POS

Restaurant POS

Enterprise POS

POS Hard

Erpisto E Invoice Software

Automatically receive and send invoices

Multi-currency, invoice customization

Support all invoice formats

Integrate with existing systems

Archiving capabilities

Multiple forms of payments

Integrate analytics

Safety and support

Invoice number.

Reminder For Invoices

Terms and conditions.

A line detailing each product or service

Real-time tracking of invoices

One-time reporting of B2B invoices

Easy creation of e-way bill

Helps the buyers

Reduction in frauds

Reduction in data entry errors

Allows interoperability

Curb tax evasion

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                                        ERP Software in Pakistan

Enterprise Resource Planning (ERP) is a software solution used by organizations to manage their business processes like accounting, project management, procurement and supply chain management. Enterprise Resource Planning (ERP) also consists of Enterprise Performance Management which may help in planning of budget, forecast and description of the organizations financial results.

Enterprise Resource Planning systems connect together the businesses and enable the stream of data between them. This system may collect transactional data from many sources and eradicate the duplicate of the data.

These days many of the small or large businesses uses the ERP software for its operations. ERP software is as necessary for an organization as of electricity that help to glow the light.

ERP software Vendors

ERP software vendors are the enterprises that sells or provide the software to other businesses or individual users. ERP software vendors help customers to select the best suited ERP solution and selecting of ERP software. Vendors on the basis of nature of business and business operations may help client in selecting of ERP solution and suggest clients which software is best suited for their business and customize the software according to the client business nature.

TMR consulting is also working as an ERP vendor in Pakistan, UAE and US. TMR Consulting have Microsoft certified professionals which help clients in selecting of software and customize software according to the clients’ business nature.

ERP software providers

ERP software providers provides services including consultation, deployment, training, certifications and support for ERP solutions. This will help the customers to select and install an ERP solution as per their business requirements. TMR Consulting is also an ERP software provider and have Microsoft certified professionals which help clients in selecting of solutions for their business and also provides ERP solution in Pakistan UAE and US.

TMR Consulting provides its services of ERP Software in Pakistan, UAE and in US. TMR Consulting have certified professionals to provide consultation and implementation of the Microsoft ERP solution. Once the solution is deployed, the team will offer training and technical support for the deployed ERP solutions.

Conclusion:

If you need a unified business management solution that caters all your business needs, just find out an ERP solution according to your business requirements. Microsoft has a wide range of ERP solutions for all kinds of business organizations from SMBs to large enterprises. You can either deploy complete ERP solution or a single module based on your business needs.

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Campus Management System

Campus Management System

Campus Management System in Pakistan   is an  ERP systems have two main architectural features:

(1) a unified enterprise view of the business processes.

(2) an enterprise database storing all business transactions

However, the functionalities offered by the standard solutions are not

completely suitable for the processes, structures and data that exist within the individual

organization. Despite many software vendors have developed tailored offerings for industries, such  

as automotive, retail and others, there often remains a gap between the functionality offered by the standard software and the organization’s requirements Thus, the implementation and customization of the integrated system may require substantial investments in  terms of time and budget. In ad    dition, the transformation may ‘disturb’ the organization’s culture

     and require repeated efforts such as people involvement and training .

In their decision for a certain software product, companies are confronted with a complexity of 300

to 650. In Cms  ERP software vendors worldwide and determining the best fitting

solution should be made based on a sound and systematic methodology. This includes the

requirements which represent the specifics of a business regarding its strategy, organization

structure, processes, application landscape and culture. In fact, prior research has shown that the

ERP system selection process already has important impact on enterprise performance

It is the assumption that the overall ERP goals will be missed when the

new technology’s capabilities are not aligned with the organization’s business requirements. As

described by [large companies derive their selection decision from a

defined business and IT strategy, whereas small to medium companies often only determine the

particular features that are required to run their business

 2.3 CMS Selection Methodology

2.3.1 CMS Definiti. have been discussions whether students are the ‘end customers’ in this industry. However, the systemThis SLC comprises all events from the early phases prior to enrolment until students have

become part of the alumni network. Campus Management System in Uae,Dubai need to manage student

information throughout key business activities as recruitment, admission, registration, invoicing,

accommodation, assessment, progression, graduation and careers Again, as with the ERP implementation, universities need to safeguard that the CMS best matches

their current and future vision regarding strategies, processes and systems. To avoid the efforts,

complexities and uncertainties of individual software development projects, many universities

embarked on purchasing a standard CMS system from a dedicated software vendor. If this selected

system fails to meet the university’s needs, customizing is as essential as in the ERP field and may

entail many new problems

2.3.2 Overview on CMS Selection Methodologies

In general, the activities involved in selecting CMS are similar to the procedures found in the ERP

field. At the outset, a cost-benefit analysis is often conducted in a preliminary study

A strategic plan needs to be defined including the goals and institutional culture

prior to the analysis of the business processes. The results are integrated in the requirements

analysis which involves all constituencies, such as members of staff, faculties and students.

procedures. On the one hand, these comprise an elaborated collection of functionalities and

detailed requirements. On the other, the erp has to be a manageable document. Often, it contains

highly detailed requirements, so that the vendor responses are usually very comprehensive and the

review of the responses involves a great deal of effort The  Campus Management System in Saudi Arabia & Rest Of Middle East has to comply with many user requirements. It needs a high quality of

information and functionality, a user friendly interface and a high quality of documentation and

training.

the In the first stage, the analysis of needs should remain at a strategic level and refrain from involving

a large amount of details. for a structured market evaluation. The management decides what system fits their requirements

best The requirements as well as the software candidate

The selection and procurement of a Campus Management System is cross-functional in nature and impacts many university

processes.

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Primavera-P6 Construction Project Planning/ Scheduling/ Budgeting Islamabad-O3O3553O865

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[alissaselezneva]

Cheers to Oracle’s CIOs of the Year

Salud, cheers, 乾杯, proost! This year we celebrate CIOs across the globe—from Mexico and the Netherlands to Japan and the United States—for their ability to think creatively while maintaining an acute focus on both their customers’ happiness and their company’s success.

We recognize these individuals as part of the annual Oracle Excellence Awards program. They stand out from their peers in their ability to use Oracle technology to establish and refine best practices and become thought leaders in their industries.

I am pleased to honor the following winners of the 2017 Oracle Excellence Awards: CIO of the Year:

Dave Curran, Chief Information Officer, Westpac Group: One of Westpac’s strategic priorities is the “Service Revolution,” which seeks to dramatically improve customer experience. In support of this vision, Curran and his team embarked on an enterprisewide transformation—called Customer Service Hub—to digitize customer capabilities with a modern technology architecture, while growing revenue and reducing operating costs. Westpac selected Oracle as the transformation partner to provide the technology that underpins this transformation.

Scott Dillon, Executive Vice President, Chief Technology Officer, and Head of Technology Infrastructure Services, Wells Fargo: Wells Fargo has one of the world’s largest and most complex IT environments, and security is paramount. Dillon has helped to focus the organization on standardizing and modernizing technology across the bank, with the goal of reducing risk and costs through simplification. Oracle solutions play an important role in Wells Fargo’s strategy to organize IT into service areas versus line-of-business responsibilities to streamline the delivery of shared services across the bank. Dillon leveraged Oracle Exadata Cloud services for the consolidation and modernization of more than 5,000 of Wells Fargo’s Oracle databases—a project seen as one of the most successful IT initiatives at Wells Fargo today.

Yasufumi Hirai, Executive Vice President, Chief Information Officer, and Chief Information Security Officer, Rakuten, Inc.: Hirai is focused on driving Rakuten’s productivity and business value, making the most of the company’s big data, and dedicating time and resources to mobile—which accounts for more than 50 percent of its transactions. Rakuten selected Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud to meet these needs, while also exceeding customer expectations and driving business decisions.

Yogesh Malik, Group Chief Technology Officer, VEON Ltd.: While the whole telecommunication industry is continuing its quest for the next growth model, Malik has methodically reshaped VEON to get the company fit for the digital age. After launching high-speed 4G/LTE networks in six countries in just one year and consolidating networks after mergers in Italy and Pakistan, Malik has taken VEON on an unprecedented global business support system transformation, creating state-of-the-art, data-centric billing and customer care systems using products from across the Oracle footprint. Malik also has set an audacious ambition for VEON to become truly digital from the inside by digitizing most of its internal processes. Starting last year, VEON has embarked on a ground-breaking centralized cloud ERP implementation across all geographies.

Greg Meyers, Corporate Vice President and Chief Information Officer, Motorola Solutions, Inc.: Motorola Solutions has divested multiple companies over the years to change the way it does business and to provide value to its customers—transforming Motorola’s business from a products company to a software company. To support this transformation, Meyers has focused on the intersection of people, process, and technology. Specifically, Meyers implemented Oracle Cloud, moving to managed data centers to free resources, and moving disaster recovery to the cloud to give the company more capital and visibility into recurring revenues.

Fredson Oliveira, Chief Information Officer, Grupo Ultra: As the CIO of Grupo Ultra, one of the biggest holding companies in LAD region, Oliveira is focused on developing the IT department to support the businesses and ensure success. Under Oliveira’s direction, Grupo Ultra—including Ultragaz, a liquefied petroleum gas distribution company; Ipiranga, a fuel distribution company; Oxiteno, a multinational chemical company; and Ultracargo, a bulk liquids storage and logistics company—consolidated all of its companies’ disparate enterprise resource planning solutions into a single instance of Oracle E-Business Suite Release 12.2.6. Oliveira is leading the charge, fostering honest and clear communication between the organization and Oracle to ensure a successful migration.

These customers have excelled in driving business value by working in partnership with Oracle. I wish them the best in their endeavors and look forward to our continued partnership in the coming years.

The 2018 Oracle Excellence Awards: CIO of the Year will open in spring 2018. Nominations can be made here.

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Top 6 Features to Look For In An Inventory Software in Pakistan

Erpisto #1 Inventory Software in Pakistan Many businesses have moved away from an inventory management system that only kept records and reported on inventory to a more strategic inventory requirement to plan, fill customer orders, improve profitability, and project and fulfill them. How can you choose the right solution for your business from all of the available options? What features should you look for?

Erpisto #1 Inventory Software in Pakistan

Supply Chain is a critical component

Inventory is also known as merchandise or product. It refers to the finished goods and materials that a company holds in order to sell to customers in future. These materials and goods are only used for profit by the business. Inventory Software in Pakistan is often one of the most valuable assets in a company's books.

Inventory management systems allow you to purchase product, analyze sales trends, and determine on-hand inventory availability. You can also liquidate product for wholesalers, distributors, and manufacturing companies. Supply Chain Management is incomplete without inventory management.

The purchasing department is responsible to order new products and acquire the product from wholesalers and distributors. Merchants (buyers), or inventory control personnel, are responsible for purchasing and reordering inventory in retailers and ecommerce businesses.

Strategic choice: The inventory system

There are literally hundreds of available inventory management systems when you search online for them. You may find many different inventory systems that may not be suitable for your business if you do a general search. Software that is not needed can include software used to manufacture raw materials or work-in-process inventory, maintain WMS Inventory Software in Pakistan, forecasting and planning which require an inventory control system. Also standalone systems for websites and retail points of sale.

It is important to understand the history of the system and the number of users that are currently using it. This will help you choose the best system for your company. Does the software meet your needs for manufacturing, wholesale, distribution, and direct marketing? These industries have very different application designs and strengths.

Inventory control methods need to change as a business grows more online or retail-oriented. Instead of managing inventory through a "back office" application, which records on-hand and vendor orders sales, a customer-facing application will do so. An inventory control system that is customer-facing will provide information about SKU availability by location, delivery dates, and other relevant data to web sites, DCs, and retail shops to fulfill customer orders. Ensure that you ask key questions regarding inventory control when searching for a system and preparing a Request For Proposal.

Six key inventory management features

Based on 34 years of experience as a fulfillment and inventory management consultant in many different product categories, these are the six most important features you need to consider when choosing a system.

1. Improved inventory control and forecasting/projection

This should be on your top list, no matter how simple it may sound. What will this system do to manage and control Inventory Software in Pakistan? These are some key questions that will help you think about the major functions and features of this new system:

Is the SKU master file robust? This is a great place to begin the evaluation of systems. What data are available for each SKU?

Is the system able to project or forecast demand for a SKU? The system will calculate the required quantity of a product over a time period. It is crucial to determine when a product will be "stocked out" using selling plans, rates of sales, and project demand. This information is based on the vendor lead times and these rates of sales. Is the item's history available for multiple years?

The system will provide a view of all channels in your multichannel business such as wholesale and ecommerce. Is the system able to provide sales, customer demand, orders, and stock by channel for promotional products and events, such as catalogs, web promos, and clearance sales.

How efficient are the purchasing and analysis functions to place purchase orders? How do you support purchasing budgets? Is the system able to support retail sales, stock planning, and Open-To-Buy?

Start by defining your system's main requirements at a high level. These basic Inventory Software in Pakistan requirements will guide your Request for Proposal (RFP). The RFP should detail the functionality of the RFP at a low-level, including:

Track raw material and finished products for manufacturers

Track lot numbers, FDA, recall

Support for kitting and costing kits from labor and components

2. Abarcode

 It is a machine-readable, visual representation of data. It is basically electronic data entry via a scanner. The barcode data is usually tied to a number such as a lot number, SKU, customer shipment or purchase order. This data can be accessed once the barcode has been scanned. The user can then view it and take action.

WMS vendors may offer bar code functions, but Inventory Software in Pakistan apps must support their use.

3. Improved and actionable inventory analysis

There are literally hundreds of thousands to thousands data elements in inventory management software. How do these "out-of-the-box" inventory management analysis fit with your way of managing inventory? What are the key metrics that management can use to measure inventory, such as inventory turnover by product/SKU or gross margin return on investment (GMROI)?

The second is how useful is the data. Due to the number of products and SKUs companies have, purchasing and merchandising departments need to find time for the necessary actions and keep their responsibilities in check. How actionable is the data dashboard? Is the system able to point the purchasing agent and inventory manager to the products they should be pursuing? Will the system alert you to potential stock outs, calculate recommended purchase orders and suggest candidates for liquidation? These management tools will be required if the system is not already developed.

What systems can be used to support the ad-hoc research of merchants and purchasing functions? These include data elements for primary or secondary vendors of a product, department and categorization; and the ability to place merchant-driven characteristics on product records in notes and data analysis.

4. Configurability

This allows for two systems to be configured simultaneously, allowing each company/business to have a unique "look and feel". This allows for more complete systems to be implemented across different industries and merchandise, without the need for customization.

Configurability is a feature that all systems possess to some extent. But what can it do for you? Here are some examples of configuration:

You can configure a product with different sizes and colors to show total product sales or stock on hand by style, base product, and SKU.

Role (group of users) and individual configuration table of users allow for the setting-up of data security functions within an organization to update or view data.

Flexibility to control different types of hardware and interfaces that are connected to the inventory management software.

Adoption of your detailed expense accounting system.

5.Integration and Interfaces

Are there any key interfaces or integrations that are required in order to get the most important functionalities of your project from one source (e.g. ERP, WMS)? What additional systems are required? How much is the implementation cost? Here are some considerations.

Relationship between primary and secondary data Two systems are often used in different environments: Inventory Management Systems (IMS) and Warehouse Management Systems(WMS). Both systems must be tightly connected to ensure that they are in synch both from a timing and data perspective. Many companies have found that the Inventory Management acts as the primary inventory management system. The WMS is the "secondary," which receives and controls data from the inventory management software. Some vendors offer both inventory management and WMS within one application.

Assist customers in selling or facing problems As we discussed, which retail, point-of-sale, and website integrations are necessary?

Other interfaces. These systems could include data analytics and planning systems, dimensional/weighing, and interfaces for UPC product code and data. Financial reporting requires interfacing with corporate accounting systems. Interfaces allow you to view data related to inventory costing methods, such as average cost and layered FIFO costs, and retail method.

6. Many companies find cloud-based or Software as a Service (SaaS), subscriptions to Inventory Software in Pakistan cheaper than traditional on-premise implementations. This is because they are based upon data storage usage and user count. Because they require less IT time, implementations can be completed in a shorter period of time. What is the best IT strategy for your company's needs?

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