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[pradip23]

Homomorphic Encryption Market Outlook from 2024 to 2030|

Homomorphic Encryption Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Homomorphic Encryption Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Homomorphic Encryption market by thorough analysis, and projections are made up to 2030.

Homomorphic Encryption Market Scope and Methodology:

The global market landscape is thoroughly examined in the Homomorphic Encryption market study, which focuses on a number of factors including product categories, end-user demographics, and distribution channels. This analysis provides in-depth insights into the market dynamics, including the forces, obstacles, and market trends influencing the industry's growth trajectory. The study also offers geographic insights to identify important areas and related growth prospects. The research provides a comprehensive analysis of the competitive landscape, opportunities, and challenges in the Homomorphic Encryption industry in order to assist participants in making informed decisions and capitalizing on emerging market trends.

Get A Sample Copy of This Report :https://www.maximizemarketresearch.com/request-sample/189065/

Homomorphic Encryption Market Report reliability and legitimacy are ensured by the rigorous research technique used by Maximize Market Research Pvt Ltd.  Private database reviews, market surveys, and in-depth interviews with subject matter experts are all part of the methodology, which combines primary and secondary research methodologies. Primary research is a process that involves directly obtaining information on market dynamics from key players such as distributors, suppliers, manufacturers, and end consumers. Examining pertinent literature, industry reports, corporate websites, and regulatory papers in-depth is secondary research, which is done to support and corroborate the results of primary research. A detailed assessment of the market environment, motivating factors, and competitive landscape is produced by the study's rigorous methodology adoption.

Homomorphic Encryption Market Regional Insights

Proficiency in regional knowledge is vital to comprehend the intricate dynamics of the Homomorphic Encryption industry. Homomorphic Encryption# is the market that includes North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides an in-depth examination of the factors, market size, growth rate, and import and export activities in each region. The Regional Analysis part of the study displays the present status of the Homomorphic Encryption market in the countries it covers.

Homomorphic Encryption Market SegmentationSegments Covered:by ApplicationSecure Cloud Computing Secure Outsourcing Secure Data Sharing Secure Machine Learning Othersby Encryption LevelPartially Homomorphic Encryption (PHE) Fully Homomorphic Encryption (FHE)by End-User IndustryFinance Healthcare Telecommunications Government And Defence Others

Homomorphic Encryption Market Key Players: 

1. Microsoft (United States) 2. IBM (United States) 3. Google (United States) 4. Amazon Web Services (United States) 5. Postquantum (United States) 6. Cornami (United States) 7. Intel Corporation (United States) 8. Vaultree (United States) 9. ShieldIO (United States) 10. SiFive (United States) 11. MuSig (United States) 12. SecureKey Technologies (Canada)

Europe

13. NCipher (United Kingdom) 14. Cryptomathic (United Kingdom) 15. Zaiku Group LTD (United Kingdom) 16. Cosmian (France) 17. CryptoExperts (France) 18. id Quantique (Switzerland)

Asia Pacific

19. Nirvana Systems (India) 20. Zama (India) 21. Adhara (India) 22. Unbound (India) 23. Desilo (South Korea)

South America

24. Crypta Labs (Argentina) 25. Quantum Resistant Ledger (Brazil) 26. Cartesi (Brazil)

Middle East & Africa

27. CipherTrace (United Arab Emirates) 28. Cryptography Research (Israel

Key questions answered in the Homomorphic Encryption Market are:

What are the upcoming industry applications and trends for the Homomorphic Encryption Market?

What are the recent industry trends that can be implemented to generate additional revenue streams for the Homomorphic Encryption Market?

Who are the leading companies and what are their portfolios in Homomorphic Encryption Market?

What segments are covered in the Homomorphic Encryption Market?

Who are the key players in the Homomorphic Encryption market?

Which application holds the highest potential in the Homomorphic Encryption market?

What are the key challenges and opportunities in the Homomorphic Encryption market?

What is Homomorphic Encryption?

What was the Homomorphic Encryption market size in 2024?

What will be the CAGR at which the Homomorphic Encryption market will grow?

What is the growth rate of the Homomorphic Encryption Market?

Which are the factors expected to drive the Homomorphic Encryption market growth?

What are the different segments of the Homomorphic Encryption Market?

What growth strategies are the players considering to increase their presence in Homomorphic Encryption?

 Browse Full Report for detail:

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size & Forecast by different segment | 2024−2030

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

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[docmary]

The politics of a pandemic, how not to manage coronavirus

No man is an island, Entire of itself, Every man is a piece of the continent, A part of the main. If a clod be washed away by the sea, Europe is the less. As well as if a promontory were. As well as if a manor of thy friend's Or of thine own were: Any man's death diminishes me,

Because I am involved in mankind, And therefore never send to know for whom the bell tolls.

It tolls for thee.

John Donne

1624

The poet John Donne warned of the dangers of isolation and imagining oneself as self-sufficient, without need of community. It was true 500 years ago; it still holds true today. No man is an island…every man is a part of the main. As wave upon wave of SARS-CoV-2 reached every continent, even Antarctica, most of us have tried to isolate ourselves on this crowded planet - with mixed results.

As of May 30, 2021, by every metric, the United States was leading the world in the number of cases and deaths from COVD-19. Brazil and India are catching up quickly. In the US, the underlying tension between public health and personal liberty has had disastrous consequences. As successful as the vaccine roll-out has been, and even with the numbers of new cases, hospitalizations, and deaths dropping, this is no time to be complacent.

India, with a population of over 1 billion, and Brazil, a pariah among countries in Latin America for its poor response to the pandemic, cause or should cause great concern to everyone everywhere. Not having the resources of rich countries, they will require help to manage the tragic situation their leaders have put their populations in and it is in our interest to do so because...the bell tolls for thee.

India

When the World Health Organization (WHO) declared COVID-19 a global pandemic in March 2020, there had been 330,000 cases and 30,000 deaths from SARS-CoV-2 reported worldwide. In the early days of the pandemic, India was considered a model of how to manage the worst public health crisis in recent memory. India responded with a strict lockdown. International flights and exports of masks, ventilators, and certain medicines were banned. As a result, India did not see the same initial explosion in new cases and deaths compared to other countries.

Three months later, India’s Prime Minister Narendra Modi began easing lockdown restrictions - like the American football player who does the end-zone dance on the two-yard line—not a good idea. When the lockdown lifted, many Indians stopped taking precautions. Mr. Modi allowed large gatherings, including campaigns in state elections that he attended, without wearing a mask, at rallies of thousands of mask-less supporters, to help his governing Bharatiya Janata party. Large religious festivals resumed drawing millions of people as well. By July 2020, India had seen 600,000 cases and 17,834 deaths due to COVID. An editorial from The Lancet, said that Mr. Modi “seemed more intent on removing criticism” on social media than “trying to control the pandemic.” Sound familiar?

As recently as March 2021, India’s health minister assured the public that they had reached the pandemic’s “endgame”.

The New York Times reported in May 2021 that India was responsible for more than half of the world’s daily COVID cases, setting a record-breaking pace of 400,000 new cases in one day. Researchers believe the B.1.1.7 variant and the delta variant, which are also major variants in Britain and the US, are to blame for the surge. Clinics across India report desperate shortages of hospital beds, protective equipment, and oxygen.[1]

Just to add to the global disaster, India is one of the world’s leading vaccine manufacturers. It is struggling to inoculate its own citizens; less than 10% of Indians have gotten even one dose.[2] In September 2020, Serum Institute of India (SII) received $150 million from the Bill and Melinda Gates foundation to accelerate production of Oxford University’s AstraZenica (AZ) vaccine and the American vaccine Novavax as soon as the WHO granted regulatory approval. Under the original terms of the agreement, 50% of vaccines would be earmarked for India and the remainder would go to other low- and middle-income countries.[3]Currently, exports of vaccines from India have been shut down.

Brazil

In an editorial from The Lancet, dated May 9, 2020, the president of Brazil, Jair Bolsanoro, was criticized for allowing the SARS-CoV-2 virus to spread widely while presenting himself as a “messiah” touting unproven medicines like hydroxychloroquine, with support from his rightwing allies.

At the time, Brazil had the most cases (105,000) and deaths (72,88) in Latin America. Estimates suggest the death rate was doubling every five days. When asked by a reporter about the rapidly increasing numbers of COVID-19 cases, Mr. Bolsanaro responded: “So what? What do you want me to do?”[4]

In March 2021, Brazil’s pandemic spiraled out of control. Its Latin American neighbors grounded flights, closed land borders, and regional sports events were canceled in attempts to stop the P.1 variant (and approximately 90 other variants) from spreading to their populations.

The British Medical Journal reported that 400,000 Brazilians have died from COVID-19—13% of deaths worldwide.[5] Some models predict the death toll in Brazil will reach half a million this month. That trajectory could be an indicator for what is to come for its neighbors. As Paraguay’s director of health surveillance, Guillermo Sequera, has said: “When Brazil sneezes, Paraguay gets a cold.”[6]

COVAX

With a fast-moving pandemic, no one is safe, unless everyone is safe.

author unknown. Retrieved from: https://www.who.int/initiatives/act-accelerator/covax

COVAX is an initiative dedicated to equitable access to a vaccine, particularly to healthcare workers and those most at risk. To date (5/31/2021), COVAX has shipped more than 77 million COVID-19 vaccines to 127 participants. It is co-led by[7]:

CEPI-Coalition for Epidemic Preparedness Innovations. The governing board has 12 voting members; four investors and eight independent members with competencies in industry, global health, science, resource mobilization, and finance—and five observers (17 total). Financial support comes from public sources including US Agency for International Development (USAID).

Gavi, the Vaccine Alliance-a public/private partnership which has helped to vaccinate 760 million children in the world’s poorest countries.[8] It ensures that infrastructure is in place and technical support is available to make sure that COVID-19 vaccines can be safely delivered to support the participation of 92 lower-middle and lower-income economies. It is part of the health systems work of Access to COVID-19 Tools (ACT) Accelerator effort, focusing on areas where it has expertise and experience, such as keeping vaccines at the correct temperature.

World Health Organization (WHO)

United Nations International Children’s Emergency Fund (UNICEF)

COVAX hopes to get 280 million doses of vaccines to Latin America but has been hit with delays to eight manufacturers (including SII) it has deals with and does not expect to deliver them until the end of 2021.[8]This has led South American nations to look to China’s Coronavac and Russia’s Sputnik V vaccine supplies. One study found that Coronovac was only 50% effective after a single dose. The Biden administration has pledged to purchase 500 million doses of Pfizer BioNTech vaccine to give to COVAX; the first 200 million doses will be distributed this year, with the subsequent 300 million in the first half of next year.[10]

My Take

In what can only be called being one step ahead of the game, armed robbers in Hong Kong stole $16,000 worth of toilet paper as coronavirus sparked panic-buying of essential goods a month before WHO declared a global pandemic in March 2020.[11] (Good times)

In July 2020, President Trump formally notified Congress and the United Nations that the US was withdrawing from WHO because of course he did.

Several articles, including one from the Journal of the American Medical Association (JAMA)[12] have compared weekly deaths in the US that would be expected from historical trends with COVID and non-COVID deaths from March 2020 until January 2021. There was an increase of 22.9% of all-cause mortality. This far exceeds expectations. Excess deaths attributed to non-COVID causes could be the result of deaths that were, in fact, COVID but misclassified. They might also be due to delayed care, an overwhelmed healthcare system, or behavioral health crises. On the other side of the ledger, no doubt at least some of the deaths that would have been anticipated from non-COVID causes might have died from the coronavirus instead. Which is to say, these are at best estimates of the mortality rates. During surges in various parts of the US, deaths from several non-COVID diseases like heart disease and Alzheimer’s increased. Either way, the excess deaths could have been helped with a better response to the pandemic early on.[13]

For those “give me liberty, or give me death” fans, do I really need to point out that Patrick Henry was referring to his own death, not the deaths of millions all over the world? My parents’ generation made many sacrifices during WWII, including blood and treasure, and considered it worth the price to defeat Hitler. Wearing a mask to defeat a virus? Really? Who have we become?

It comes as a surprise to no one that the countries with the largest death tolls to date, the US, India, and Brazil, are also countries in which partisan politics was the priority over public health measures. It isn’t a good idea. Why don’t we just stop?

[1] What to know about India’s coronavirus crisis. What is behind the explosion of new coronavirus cases that is overwhelming the South Asian country? NY Times, May 25, 2021. Retrieved from: https://www.nytimes.com/article/india-coronavirus-cases-deaths.html

[2] ibid

[3]Raghavan, P. 2020. $150 million dollar shot for serum production of COVID vaccine, India Express.

[4]Lancet editorial. September 19, 2020. COVID-19 in Brazil: “So what?”, Lancet, 395: 1461. doi: 10.1016/s0140-6736(20)31095-3

[5]Taylor, L. 5/20/2021. COVID-19: How the Brazilian variant took hold of South America, BMJ 2021, 373: n1277. doi: 10.1136/bmj.n1277

[6]ibid

[7]World Health Organization: COVAX Working for global equitable access to COVID-19 vaccines. Retrieved from: https://www.who.int/initiatives/act-accelerator/covax

[8]Raghavan. Op cit.

[9]Taylor. Op cit.

[10] Page, T, Rauhala, E. Jun 9, 2021. Biden administration to buy 500 million Pfizer coronavirus vaccine doses to donate to the world, Washington Post, retrieved from: https://www.washingtonpost.com/politics/biden-vaccine-donate/2021/06/09/c2744674-c934-11eb-93fa-9053a95eb9f2_story.html

[11]www.thinkglobalhealth.org/article1

[12]Woolf, SH, Chapman, DH, Sabo, RT, Zimmerman, EB. May 4,2021.Excess deaths from COVID-19 and other causes in the US, March 1 2020, to January 2, 2021,JAMA, 325(17): 1786-1789. doi: 10.1001/jama.2021.5199

[13]ibid

[jkpapers-blog]

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A one-stop goal of a successful answer for the groove business, box production lines, printing and bundling industry. We have exhibited unmatched quality White Duplex Board in sheets and reels. We are Uncoated White Duplex Boards manufacturers and also provide Coated packaging Boards. Our items are made from the ideal quality crude materials; our items are sturdy and additionally productive.

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Whether it is eco-dissolvable polished photograph paper, color ink matt/reflexive photograph paper and waterproof (dye ink and shade) photograph paper, we have it all for you.

[lighthouseblog]

Best ERP Software In India

ERP Software Introduction

The kind of software tools used to handle an enterprise's data are called ERP systems. The use of an ERP system enables various firms to manage various corporate departments. several divisions, including receiving, inventory management, customer order management, production planning, shipping, accounting, human resource management, and other company operations.

In essence, it is the technique of integrating a company's planning, manufacturing, sales, and marketing efforts into a single management system. All databases from several departments are combined into a single database that can be conveniently accessed by all company personnel. It assists in automating the tasks necessary to complete a business process.

What is ERP software?

The term "enterprise resource planning" (ERP) refers to a category of software that businesses use to oversee routine operations including accounting, purchasing, project management, risk management, and compliance.

How does ERP function in your company?

An enterprise resource planning (ERP) system automates corporate activities so that every department—from planning to production to inventory to subcontracting to finance to customer relationship management (CRM)—operates in unison with one another.

The Best ERP Software In India collects incoming data from all departments and enables central, safe access to only authorised users because it is connected with all internal and external applications. It eliminates operational inefficiencies, data duplication, human error, non-compliance, hazards, and unexpected downtime in addition to eradicating these issues. It also aids in data visualisation for quicker choices and just-in-time transactions.

A company that uses one of the Best ERP Software In India is able to manage its inventory, goods, clients, suppliers, and partners in such a way that it incurs the lowest cost of ownership at any given time.

Important Elements of ERP Systems

Integration

In order to provide a comprehensive software system for everything a firm does, ERP systems can interact with a variety of different business systems. Business decision-making can be seriously hampered by data silos. The fact that ERP solutions combine financial, operational, and business data into a single location, allowing you to understand how all of your business sectors are interacting, is arguably their most advantageous feature. Additionally, you may link data from various areas together for improved visibility into what is and isn't working, and you can make adjustments based on quantifiable facts.

Automation

The capacity to automate various company processes is one of the strong ERP system's additional key advantages. Manual data entry is no longer necessary for routine business operations including payroll, order processing, invoicing, reporting, etc. These duties can be automated to save up staff time for more important work. Additionally, the inevitable human error that comes with manual entry is reduced.

Accounting

Accounts payable, accounts receivable, general ledger, forecasting, and budgeting data can be tracked, stored, and analysed using ERP systems with accounting functionality. Some systems can also manage more complex processes including revenue recognition, tax administration, fixed asset management, and multi-currency reconciliation. By streamlining these processes, an ERP solution reduces the time needed to close out monthly financial statements.

ordering procedures

Order processing can be greatly streamlined with the help of ERP systems. By doing away with human data entry and paper routing, an ERP system first aids in automating order capturing. By coordinating divisions like sales, customer service, and finance to move orders through the virtual value chain, it subsequently enables quicker order fulfilment. The value chain can be automated to save time, expedite delivery of orders, and satisfy customers.

Customer Relationship Management (CRM)

By compiling all customer data, including contacts, order history, purchase orders, prospect status, etc. into a single shared location that is simple to access, ERP solutions can enhance CRM to the point of creating happier customers. Employees across the organisation can monitor how customer requests are met and receive alerts to intervene at different points along the chain.

Data Services

Most ERP systems can gather, track, and analyse data on all facets of a business's operations. Managers may course-correct more quickly and make more informed decisions by tracking important business KPIs and producing reports with up-to-the-minute data. Reports can highlight trends and patterns that illustrate where operations are successful and where efficiency is lacking.

Manufacturing

Manufacturing processes can be made more efficient by using Best ERP Software In India to assist with tasks like product planning, locating raw supplies, production monitoring, and forecasting. Modules that help with assembly management, work order management, shop-floor control, distribution planning, product tracking, and other tasks are also available. Decisions about inventory and forecasting may be made more easily and automatically.

Managing the Supply Chain

The potential for improved supply chain management is one of the most potent advantages of ERP systems. Purchase orders, work orders, and transfer orders across locations will be suggested by an automated and connected supply chain. In order for organisations to gain control over inventory, logistics, distribution, and production processes, real-time supply chain data assists in identifying areas of inefficiency.

Conclusion

By managing and organising organisational data and information, Enterprise Resource Planning (ERP) is a system that unifies company processes. The most dependable method for managing data is ERP, which ensures data consistency, visibility, and visibility across the enterprise.

[monbanana]

Brother printer drivers windows 7 64 bit

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What Did The Research On Fitness Trackers Find?

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45TH GST Council Meeting Discussion & Recommendations

A press release was issued concerning the 45th GST Council held on 17th September 2021 in Lucknow, chaired by the Honorable Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The recommendations made in the council covered some reliefs in view of the COVID Pandemic situation, compensation cess utilization, changes in GST laws and procedures, interest on ineligible ITC and many more.

 These recommendations would be given effect through issuing circulars and notifications as and when deemed fit.

 Here, in this text, we have tried to briefly cover all the highlights of the said press release and other significant recommendations made by the council.

 1: Relief measures, given the COVID Pandemic situation-

 Concessional rates were being charged on some Covid treatment drugs up to 30th September 2021. The period now has been extended till 31st December 2021.

 Rates on some other Covid treatment drugs would also be reduced to 5%.

 2: A recommendation was also made to change the rates of some goods.

 A list of goods was released mentioning the change in tax rates on goods like cancer medicines, Cartons, boxes, bags, packing containers of paper, Specified Renewable Energy Devices and parts, and some other items.

 Mentha oil being supplied by an unregistered person would be covered under reverse charge mechanism, and in case of its export, refund of ITC should only be allowed against LUT. 

 The composition scheme would also cover brick kilns (threshold limit-Rs 20 Lakhs). Bricks without ITC would attract the rate of 6%, and with ITC would attract a 12% rate of tax.

 3: A problem of accumulated ITC was faced by the dealers of footwear and textiles due to the wrong inverted duty structure on them. This incorrect inverted duty structure is now being rectified by changing the applicable rates of GST. This change would be brought w.e.f. 1st January 2022.

 4: The council also had a discussion over the matter of petroleum products to be included or not under the purview of the GST Act. It was decided that it is not appropriate to take this step at this point.

 5: Exemptions and change in rates of tax in case of a supply of services were also taken into account, and among them, some of the worth noting exemptions and changes were-

 The exemption on the transport of goods by vessel or air from India to a place outside India has now been extended up to 30th September 2022

 Electronic Commerce Operators (ECOs) are being made liable to pay tax on the following services-

 1: Transport of passengers by a motor vehicle

 2: Restaurant services (with some exceptions)

 6: Clarifications in relation to rates on goods and services. Some important points to be considered are-

 Coaching services to students provided by coaching institutes and NGOs under '‘Scholarships for students with Disabilities” are exempt from GST. 

 Supply of already manufactured ice-creams by ice-cream parlours would attract the rate of 18%

 ''Carbonated Fruit Beverages of Fruit Drink" and "Carbonated Beverages with Fruit Juice" would attract 28% of GST and 12% of Cess.

 A uniform rate of 18% would be charged on all paper and paper board containers.

 Overloading charges at toll plazas are exempt.

 Entry tickets in amusement parks would now attract 18% GST, and if casino facilities are being provided, then the rate will be 28%.

 Alcoholic liquor is not to be considered as food, and the job workers providing the services related to alcoholic liquor is liable to pay the tax at the rate of 18% instead of 5%.

 A presentation was made on the issue of usage and exhausting of the compensation cess collection from June 2022 to April 2026. It was decided that the amount should be used in respect of the repayment of borrowings and debt servicing made to bridge the arising gap in 2020-21 and 2021-22. Council also thought it through to set up a group of ministers to look into the matter of inverted duty, rationalizing rates and exemptions under the GST Act.

 ADVICE ON GST LAW AND PROCEDURE

 Relaxation in filing FORM GST ITC-04 (Details of goods/capital goods sent to job worker and received back)-

 1: The report is to be furnished once in six months, in case the annual aggregate turnover in preceding financial exceeds Rs 5 crores.

 2: The report is to be furnished annually, in case the annual aggregate turnover in preceding financial is up to Rs 5 Crores.

 Retrospective change in the law that the interest to be paid by a taxpayer will be on Ineligible ITC availed and utilized instead of ineligible ITC availed. The rate of interest will be 18% with effect from 01.07.2017A change may also be introduced in the provisions of transfer of unutilized ITC balance in cash ledger between distinct persons without going through the whole process of refund.

 It was also discussed and decided to issue clarifications for removing ambiguousness through circulars for the taxpayers to benefit from. The issues and disputes are related to-

 Scope of intermediary services

 Interpretation of “merely establishment of distinct person” in case of export of services.

 Some other clarifications related to debit note issuance date need of carrying a physical copy of tax invoices under Rule 48(4).

 Provisions regarding procedure and time limit for filing refund of tax paid wrongfully.

 FACILITATING AND STREAMLINING OF GST COMPLIANCES

 1: Aadhar authentication has now been made mandatory for taxpayers wanting to take the refund and applying for revocation or cancellation of registration.

 2: A refund of GST will be made in the same bank account to which the PAN is linked.

 3: The late fee for Form GSTR-1 will now be auto-populated in the next return in Form GSTR-3B.

 4: A registered person shall not be allowed to furnish FORM GSTR-1 if he has not furnished the return in FORM GSTR-3B for the preceding month. (w.e.f. 01.01.2022)

 These recommendations were made after thorough deliberations and discussions. Many issues were brought up in view of the current COVID situation, problems related to GST structure, ambiguity and hardships that a taxpayer goes through. Many steps are to be taken which will prove to be beneficial and welcoming for the taxpayers.

 The above-mentioned points were made only in the form of recommendations and are yet to be enforced through issuing notifications and circulars. 

 Authored by CA Manish Gupta & assisted by Khushi Khandelwal

For any queries or suggestions, reach at info@manishanilgupta.com

Disclaimer-The information given above by the author is to provide a general guidance to the readers. This information should not be sought as a substitute for legal opinion.

 Source:https://www.manishanilgupta.com/blog-details/45th-gst-council-meeting-discussion-recommendations

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Change In Accounting Practices From The 20th To The 21st Century

When we start comparing the dimensionality of accounting today to accounting tomorrow, it’s more than counting gains and losses recorded on the pages of the big bound ledger book. It has matured with time and technology, gained unmatched accuracy, started with small attempts of data forecasts from the old piles. It gradually contained more managed, bespoke, and transparent systems, making accounting more comprehensive and open to businesses. This convinced the traditional traders to take finance-driven decisions with proper cost/benefit analysis in place.

The accounting profession today is more of a blended field that involves statistical analysis and technological sophistication to structure the department. From the day Tally made a market in the F&A sector, it surprised many traditional accountants how a combined approach can help them make fewer mistakes. From paper bind ledgers to desktops, the transformation was massive and is the choice that makes work a lot easier and a take over for mundane works.

Accounting also gains weightage in strategy building to refine the financial tactics. The accountants are on their way to invent new ideas to leverage technology with their knowledge specialization. Making them the tough competitors in grooming professional accountants in the new digital world. The growth demarks a brighter future for this old practice in an edgy envelope. Reiterating the future recommendations of the accounting boards, F&A is on the run to earn new distinction in the improving economy of the globe. Professional accountants would be a priority more than ever!

Here are the reasons to flag out the changes -

redefine the qualities of an Accountant

find out the distinctive duties of the Accountant in the 21st century given the changes

within and outside the profession.

find out the imperatives for the future of the accounting profession.

Let’s walk you through the timeline from the coinage of the word ‘Accounting’ to scandalous consequences at the end of the 20th century!

Accounting is an age-old practice that has been around since the Mesopotamia era. It occurred in the ancient times of Babylon, Assyria, and Sumerians. “The Changing Role of Accountants” (2011) pointed out that the history of accounts did not begin from the colonial. The British Empire's era did not begin in fourteenth-century Italy, but rather accounts came from the Mesopotamian region in 3500 B.C. It was also noted that five thousand years before the appearance of double-entry, the Assyrian, Chaldaean-Babylonian, and Sumerian civilizations were flourishing in the Mesopotamian Valley, producing some of the oldest known records of commerce. However, the bearings of accounting history are generally always taken from 1494 when the Italian monk, Luca Pacioli, published his Summa de Arithmetica, Geometria, Proportions et Proportionalita which enunciated the double-entry system of bookkeeping.

Pacioli also explained the interconnected system of capital, income, liability, and expenses. The ethics of accounting rise of corporations in the 17th century further led to the expansion of the scope of bookkeeping to facilitate the recording of transactions of different nature. This was to keep track of the assets and profits of many distinct trading ventures at different stages of completion. Thereafter, the 18th century Industrial Revolution came, which generated the impetus for the development of cost accounting and management accounting. The 19th century saw great progress from the method of systematically recording (financial) exchanges into a means of giving business management effective control over its affairs. The first Accounting Professional bodies were also established to develop standards of conduct for practicing Accountants. These standards have kept on evolving over the years.

However, later in the 20th Century, a new prototype for the business organization emerged, the diversified corporation. It also saw a shift in focus to producing financial statements and developing cost information that would satisfy generally accepted accounting principles. The 21st Century has seen the emergence of the information age and the resulting economy driven by knowledge as a source of competitive advantage. The economy is dominated by services as opposed to manufacturing (Marchant, 2013). More so, the 21st century and its challenges have ushered in the International Financial Reporting Standards (IFRS). It is, however, historically, worthy of note that in the first few years of the 21st century, the accounting profession globally came under pressure due to the Enron, WorldCom, and Qwest scandals.

What transformed accounting practice in the 20th century and how?

Recently, in a bid to guide public awareness and enhance a better understanding of Accountants’ identity, The International Federation of Accountants (IFAC) proposed a modernized definition of the term “professional accountant”.

“The term professional accountant describes a person who has expertise in the field of accountancy, achieved through formal education and practical experience, and who:

Demonstrates and maintains competence;

Complies with a code of ethics;

Is held to a high professional standard; and,

Is subject to enforcement by a professional accountancy organization or other regulatory mechanisms.”

The definition was based on what was illustrated as “the three-level framework”

What a Professional accountant is: the emphasis at this level was on the training, certifications, and other official qualifications that should define a professional accountant.

What a Professional accountant does: this level is concerned with the core competencies, skills, and societal expectations which such an accountant must match up with.

How Professional accountants can be differentiated from one another based on roles and specializations within the accountancy profession: Though this was not conspicuously highlighted in the definition above it was suggested that Professional accountants can be differentiated from one another by certain factors such as competence, responsibilities, and services provided.”

What shouts out as modern finance in 2021?

CFOs to partake in the trade-off

Finding a new tech stack for financial services

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Giacomo Caneva (1813-1865), born in Padua, trained at the Venetian Academy as a vedutista, a painter of perspective city views. He moved to Rome in 1838 and soon became part of the circle of Italian, French, and British artists who exc Giacomo Caneva (1813-1865), born in Padua, was trained at the Accademia di Belle Arti in Venice as a vedutista, a painter of perspective city views. He moved to Rome in 1838 and became part of the circle of Italian, French, and British artists who exchanged ideas about their photographic work at informal meetings at the Caffè Greco, in the Piazza di Spagna. As early as 1845, he appeared on the café’s ledger as “Painter-Photographer,” having learned the daguerreotype process before mastering paper negatives. Caneva’s views of Roman monuments, classic sculpture and figure studies of Italian peasants catered to the tastes of the artists that lived near the French Academy at the Villa Medici. In 1859 he traveled to China and India in the employ of an Italian silk manufacturer to document the search for new sources of silkworms.

Giacomo Caneva - Fontana di Trevi, Roma, ca 1850, salted paper print from a calotype negative, 7 7/8 in x 10 in, The Patrick Montgomery Collection, Object No. 2018.0034.

Giacomo Caneva - Statua de Agrippina, ca 1850, salted paper print from a calotype negative, 8 5/8 in x 7 ½ in, The Patrick Montgomery Collection, Object No. 2015.486.

Giacomo Caneva - Goatherd with Goats, ca 1856, albumen print from a collodion negative, 4 1/8 in x 5 in, The Patrick Montgomery Collection, Object No. 2015.485.

Giacomo Caneva - Busto di Augusta Giovane ai Musei Vaticani, ca 1850, salted paper print from a calotype negative, 7 in x 4 1/3 in, The Patrick Montgomery Collection, Object No. 2018.788

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Blockchain Distributed Ledger Technology Market Enterprise Demand, Current Trends, Growth Analysis, Product Types, Innovative Technology by Top Companies till 2025

Extensive End Use Adoption across Verticals such as Finance and Healthcare Industries to Sustain Growth Momentum

Global digital blockchain distributed ledger technology market is witnessing pathbreaking growth advances significantly contributed by the fast-transforming digital economy, finds out Adroit Market Research in its latest research report added to the humongous data archive.

With massive reliance on automation and machine based operational flow across businesses, the need to establish unfailing connection between various devices, systems and nodes is felt strongly, thus furthering adoption inclination of blockchain distributed ledger technology in recent times.

In recent times, with continued advances in digital economy, end-use adoption is raving up the industry with several market participants aggressively realigning their business models and more specifically expand end-use dimensions.

Request for a sample report here: https://www.adroitmarketresearch.com/contacts/request-sample/824

Among Blockchain DLT types segment, the private Blockchain type is expected to grow at the fastest CAGR during the forecast period achieving a market size of USD 11.79 billion in 2025. The private Blockchain adoption is expected to increase with increasing adoption of Blockchain DLT by the private firms. As the enterprise level adoption of Blockchain is expected to increase the private or consortium type Blockchain DLT’s market is expected to increase. As due to security reason most of enterprises are expected to use Private Blockchain DLT and use public Blockchain only when the data is to be shared with the consumers and end customers.

New Business Models Eliminating Broker Role and Rudimentary Paper Based Documentation to Boost Adoption

End-use adoption has been significant across verticals such as healthcare and finance, and the trend is expected to sustain in the future, owing to the fast-expanding digital space and several devices and systems connected through robust blockchain technologies.

Besides financial institutions, blockchain distributed ledger technology system is also penetrating other end-use verticals such as social media. This is evident from the very recent Facebook investments in cryptocurrency with the launch of Libra which is however a little different from conventional cryptocurrency models such as Bitcoin. With these developments in place, global digital blockchain distributed ledger technology market is anticipated to remain remunerative.

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Some of the major reasons backing healthy adoption of blockchain ledger technology is ample transparency into financial transactions, categorically refraining middle-men interference, thus also diminishing overall expenditure.

In the coming years, it is expected that blockchain ledger technology will effectively eliminate rudimentary paper-based documentation and records, besides letting the broker-based transactions as obsolete. These development in the business workflow is likely to further solidify growth probabilities in blockchain distributed ledger technology market. New business models based on transparent blockchain distributed ledger technology system is also witnessing ample government support which is also expected to affect the market favorably.

Some of the leading players operating in the market include IBM, Microsoft, Intel Corporation, Deloitte, ConSensys, Electron, Blockcypher, CoinFabrik and Chain. Companies are forming collaborations with governments and within themselves to develop and offer Blockchain solutions globally.

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Key segments of the global Blockchain DLT market

Global Blockchain DLT Market, by Type

Public Blockchain

Private Blockchain

Federated/Consortium Blockchain

Global Blockchain DLT Market, by Industry

BFSI

Banking

Financial Services

Insurance

Government

Healthcare

Media & Entertainment

Automotive

Retail & E-commerce

Others – (manufacturing, energy & utilities, professional services, technology services)

Global Blockchain DLT Market, by Application

Financial transactions

Smart Property

Smart Contracts

Blockchain Identity

Supply chain Management

Digital voting

Global Blockchain DLT Market Overview, by Region

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia-Pacific

South America

Brazil

RSA

Middle-East & Africa

What does the report include?

The study on the global Blockchain DLT market includes qualitative factors such as drivers restraints and opportunities

Additionally, the market has been evaluated using the REST and Impact analysis.

The study covers qualitative and quantitative analysis of the market segmented on the basis of type, industry, application, and region. Moreover, the study provides similar information for the key geographies.

Actual market sizes and forecasts have been provided for all the above-mentioned segments

The study includes the profiles of key players in the market with a significant global and/or regional presence

Direct purchase a single user copy of the report: 

About Us:

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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SSC CGL Syllabus 2021-22| Exam Pattern For Tier I, II,III,IV

Tier I Syllabus:

Tier-I: General Intelligence & Reasoning:

It would include questions of both verbal and non-verbal type. This component may include questions on analogies, similarities and differences, space visualization, spatial orientation, problem solving, analysis, judgment, decision making, visual memory, discrimination, observation, relationship concepts, arithmetical reasoning and figural classification, arithmetic number series, non-verbal series, coding and decoding, statement conclusion, syllogistic reasoning etc. The topics are, Semantic Analogy, Symbolic/ Number Analogy, Figural Analogy, Semantic Classification, Symbolic/ Number Classification, Figural Classification, Semantic Series, Number Series, Figural Series, Problem Solving, Word Building, Coding & de-coding, Numerical Operations, symbolic Operations, Trends, Space Orientation, Space Visualization, Venn Diagrams, Drawing inferences, Punched hole/ pattern- folding & un-folding, Figural Pattern- folding and completion, Indexing, Address matching, Date & city matching, Classification of centre codes/roll numbers, Small & Capital letters/ numbers coding, decoding and classification, Embedded Figures, Critical thinking, Emotional Intelligence, Social Intelligence, Other sub-topics, if any.

General Awareness:

Questions in this component will be aimed at testing the candidates‟ general awareness of the environment around him and its application to society. Questions will also be designed to test knowledge of current events and of such matters of every day observations and experience in their scientific aspect as may be expected of any educated person. The test will also include questions relating to India and its neighbouring countries especially pertaining History, Culture, Geography, Economic Scene, General Policy & Scientific Research.

Quantitative Aptitude:

The questions will be designed to test the ability of appropriate use of numbers and number sense of the candidate. The scope of the test will be computation of whole numbers, decimals, fractions and relationships between numbers, Percentage. Ratio & Proportion, Square roots, Averages, Interest, Profit and Loss, Discount, Partnership Business, Mixture and Alligation, Time and distance, Time & Work, Basic algebraic identities of School Algebra & Elementary surds, Graphs of Linear Equations, Triangle and its various kinds of centres, Congruence and similarity of triangles, Circle and its chords, tangents, angles subtended by chords of a circle, common tangents to two or more circles, Triangle, Quadrilaterals, Regular Polygons, Circle, Right Prism, Right Circular Cone, Right Circular Cylinder, Sphere, Hemispheres, Rectangular Parallelepiped, Regular Right Pyramid with triangular or square base, Trigonometric ratio, Degree and Radian Measures, Standard Identities, Complementary angles, Heights and Distances, Histogram, Frequency polygon, Bar diagram & Pie chart.

English Comprehension:

Candidates‟ ability to understand correct English, his/ her basic comprehension and writing ability, etc. would be tested.

Tier II Syllabus:

Paper-I (Quantitative Abilities):

The questions will be designed to test the ability of appropriate use of numbers and number sense of the candidate. The scope of the test will be the computation of whole numbers, decimals, fractions and relationships between numbers, Percentage, Ratio & Proportion, Square roots, Averages, Interest, Profit and Loss, Discount, Partnership Business, Mixture and Alligation, Time and distance, Time & Work, Basic algebraic identities of School Algebra & Elementary surds, Graphs of Linear Equations, Triangle and its various kinds of centres, Congruence and similarity of triangles, Circle and its chords, tangents, angles subtended by chords of a circle, common tangents to two or more circles, Triangle, Quadrilaterals, Regular Polygons, Circle, Right Prism, Right Circular Cone, Right Circular Cylinder, Sphere, Hemispheres, Rectangular Parallelepiped, Regular Right Pyramid with triangular or square base, Trigonometric ratio, Degree and Radian Measures, Standard Identities, Complementary angles, Heights and Distances, Histogram, Frequency polygon, Bar diagram & Pie chart.

Paper-II (English Language and Comprehension):

Questions in this component will be designed to test the candidate’s understanding and knowledge of English Language and will be based on spot the error, fill in the blanks, synonyms, antonyms, spelling/ detecting misspelled words, idioms & phrases, one word substitution, improvement of sentences, active/ passive voice of verbs, conversion into direct/ indirect narration, shuffling of sentence parts, shuffling of sentences in a passage, cloze passage & comprehension passage.

Paper-III (Statistics):

Collection, Classification and Presentation of Statistical Data – Primary and Secondary data, Methods of data collection; Tabulation of data; Graphs and charts; Frequency distributions; Diagrammatic presentation of frequency distributions.

Measures of Central Tendency- Common measures of central tendency – mean median and mode; Partition values- quartiles, deciles, percentiles.

Measures of Dispersion- Common measures dispersion – range, quartile deviations, mean deviation and standard deviation; Measures of relative dispersion.

Moments, Skewness and Kurtosis – Different types of moments and their relationship; meaning of skewness and kurtosis; different measures of skewness and kurtosis.

Correlation and Regression – Scatter diagram; simple correlation coefficient; simple regression lines; Spearman’s rank correlation; Measures of association of attributes; Multiple regression; Multiple and partial correlation (For three variables only).

Probability Theory – Meaning of probability; Different definitions of probability; Conditional probability; Compound probability; Independent events; Bayes‟ theorem.

Random Variable and Probability Distributions – Random variable; Probability functions; Expectation and Variance of a random variable; Higher moments of a random variable; Binomial, Poisson, Normal and Exponential distributions; Joint distribution of two random variable (discrete).

Sampling Theory – Concept of population and sample; Parameter and statistic, Sampling and non-sampling errors; Probability and nonprobability sampling techniques (simple random sampling, stratified sampling, multistage sampling, multiphase sampling, cluster sampling, systematic sampling, purposive sampling, convenience sampling and quota sampling); Sampling distribution (statement only); Sample size decisions.

Statistical Inference - Point estimation and interval estimation, Properties of a good estimator, Methods of estimation (Moments method, Maximum likelihood method, Least squares method), Testing of hypothesis, Basic concept of testing, Small sample and large sample tests, Tests based on Z, t, Chi-square and F statistic, Confidence intervals.

Analysis of Variance - Analysis of one-way classified data and two-way classified data.

Time Series Analysis - Components of time series, Determinations of trend component by different methods, Measurement of seasonal variation by different methods.

Index Numbers - Meaning of Index Numbers, Problems in the construction of index numbers, Types of index number, Different formulae, Base shifting and splicing of index numbers, Cost of living Index Numbers, Uses of Index Numbers.

Paper-IV (General Studies-Finance and Economics):

Part A: Finance and Accounts-(80 marks):

Fundamental principles and basic concept of Accounting:

Financial Accounting: Nature and scope, Limitations of Financial Accounting, Basic concepts and Conventions, Generally Accepted Accounting Principles.

Basic concepts of accounting: Single and double entry, Books of original Entry, Bank Reconciliation, Journal, ledgers, Trial Balance, Rectification of Errors, Manufacturing, Trading, Profit & loss Appropriation Accounts, Balance Sheet Distinction between Capital and Revenue Expenditure, Depreciation Accounting, Valuation of Inventories, Non-profit organisations Accounts, Receipts and Payments and Income & Expenditure Accounts, Bills of Exchange, Self-Balancing Ledgers.

Part B: Economics and Governance-(120 marks):

Comptroller & Auditor General of India- Constitutional provisions, Role and responsibility.

Finance Commission-Role and functions.

Basic Concept of Economics and introduction to Micro Economics: Definition, scope and nature of Economics, Methods of economic study and Central problems of an economy and Production possibilities curve.

Theory of Demand and Supply: Meaning and determinants of demand, Law of demand and Elasticity of demand, Price, income and cross elasticity; Theory of consumer’s behaviour Marshall an approach and Indifference curve approach, Meaning and determinants of supply, Law of supply and Elasticity of Supply.

Theory of Production and cost: Meaning and Factors of production; Laws of production- Law of variable proportions and Laws of returns to scale.

Forms of Market and price determination in different markets: Various forms of markets-Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly ad Price determination in these markets.

Indian Economy:

Economic Reforms in India: Economic reforms since 1991; Liberalisation, Privatisation, Globalisation and Disinvestment.

Money and Banking:

Role of Information Technology in Governance.

Nature of the Indian Economy Role of different sectors Role of Agriculture, Industry and Services-their problems and growth;

National Income of India-Concepts of national income, Different methods of measuring national income.

Population-Its size, rate of growth and its implication on economic growth.

Poverty and unemployment- Absolute and relative poverty, types, causes and incidence of unemployment

Infrastructure-Energy, Transportation, Communication.

Monetary/ Fiscal policy- Role and functions of Reserve Bank of India; functions of commercial Banks/RRB/Payment Banks.

Budget and Fiscal deficits and Balance of payments.

Fiscal Responsibility and Budget Management Act, 2003.

Note: Questions in Paper-I will be of Matriculation Level, Paper-II of 10+2 Level and in Paper-III and Paper-IV of Graduation Level.

Tier-IV Syllabus (Skill Test):

Date Entry Skill Test (DEST):

The “Data Entry Speed Test” Skill Test will be conducted for a passage of about 2000 (two thousand) key depressions for a duration of 15 (fifteen) minutes.

Computer Proficiency Test (CPT):

The Commission will hold Computer Proficiency Test (CPT), comprising of three modules: (i) Word Processing, (ii) Spread Sheet and (iii) Generation of Slides. The CPT will be conducted in the manner decided by the Commission for the purpose. No exemption from CPT is allowed for any category of PwD candidates. CPT will be of qualifying nature.

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[i-shree-stuff-blog]

Global Blockchain Supply Chain Market To Reach USD 4.1 Billion in 2024, IBM, Microsoft Corporation, Deloitte Touche Tohmatsu

Blockchain Supplychain Market: Summary

The Global Blockchain Supply Chain Market is estimated to reach USD 4.1 Billion in 2024 at a CAGR of 81.2%. Increasing customer demand for traceability and increasing demand for secure trail is expected to drive the blockchain supply chain market during the forecast period. However, issue of data ownership and complexity of combining blockchain with existing system is expected to restrain the market during the forecast period. Combining blockchain with IoT and other monitoring technology is expected to become an opportunity for blockchain supply chain market.

Blockchain is safe, secure data ledger simultaneously used by multiple entities via distributed network. Supply chain is a series of processes involved in the manufacturing and distribution of any commodity. Blockchain supply chain is collaborating blockchain technology with existing supply chain system. Blockchain supply chain improves the efficiency of current system and delivers better outcomes. Some key players in blockchain supply chain market are IBM, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, and SAP SE among others.

Request The Report Sample PDF of Global Blockchain Supply Chain Market @ https://www.forencisresearch.com/blockchain-supplychain-market-sample-pdf/

Blockchain Supplychain Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global blockchain supply chain market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.

·         On the basis of platform, the market is segmented into public, private and permissioned. 

·         By provider, the blockchain supply chain market is segmented into service and solution, middleware, and infrastructure and protocol.

·         By application, blockchain supply chain market is segmented into counterfeit detection, product traceability, smart contracts, streamline payment, compliance management and others. 

·         By end use industry, blockchain supply chain market is segmented into retail, life science and healthcare, automotive and manufacturing, energy and power, food and others.

Companies Covered

·         IBM (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

·         Microsoft Corporation

·         Deloitte Touche Tohmatsu Limited

·         Oracle Corporation

·         SAP SE

·         Accenture Plc

·         BlockVerify

·         Bitfury Group Limited

·         Guardtime

·         Chainvine

·         Other Key Companies

Request Report Methodology On Competition On Global Blockchain Supply Chain Market @ https://www.forencisresearch.com/blockchain-supplychain-market-request-methodology/

Blockchain Supplychain Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Blockchain Supplychain Market by Platform

·         Public

·         Private

·         Permissioned

Blockchain Supplychain Market by Provider

·         Service and Solution Provider

·         Middleware Provider

·         Infrastructure and Protocol Provider

Blockchain Supplychain Market by Application

·         Counterfeit Detection

·         Product Traceability

·         Smart Contracts

·         Streamline Payment

·         Compliance Management

·         Others

Blockchain Supplychain Market by End Use Industry

·         Retail

·         Life Sciences & Healthcare

·         Automotive & Manufacturing

·         Energy & Power

·         Food Industry

·         Others

Read Press Release of Global Blockchain Supply Chain Market for More Information@ https://www.forencisresearch.com/blockchain-supplychain-market-to-reach-usd-4-1-billion-in-2024/

Blockchain Supplychain Market by Region

Asia-Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia-Pacific

North America

·         US

·         Canada

·         Mexico

Europe

·         Germany

·         France

·         Italy

·         UK

·         The Netherlands

·         Rest of Europe

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Rest of Middle East & Africa

South America

·         Brazil

·         Argentina

·         Rest of South America

Purchase Global Blockchain Supply Chain Market Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/blockchain-supplychain-market-purchase-now/

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

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Email: info@forencisresearch.com

For more market research insights, please visit  https://www.forencisresearch.com

[oracle-fusion-financials8]

Oracle Fusion Financials

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Understanding Financials Cloud: Advantages and Use

Managing Enterprise Financials framework in the Cloud

The motivation behind this article is to depict the advantages of Oracle Financial Cloud through the way toward executing and conveying the arrangement set for financial frameworks of record and announcing. There are two key parts to the Oracle Fusion innovation:

Oracle Fusion Applications

Oracle Fusion Middleware

The above client facing innovations are conveyed on the innovation stack portrayed beneath:

Infrastructure as a Service (IaaS): Compute and Storage

Platform as a Service (PaaS): Database, backup, Business Intelligence, Big data

Software as a Service (SaaS): Applications

For a short prologue to the Fusion innovation stack and its segments, survey another white paper/blog on "What is Oracle Fusion Cloud and Why Does It Matter" by the author (Jay Ramaswamy). Along with other arrangement sets being conveyed in the cloud by Oracle, Oracle Financials was totally reworked over a time of 8 years starting in 2007. Business clients can buy in to the SaaS show or install the innovation stack on their premises of decision. Some key contrasts between utilizing a facilitated service and facilitating on premises is in the interest in software licenses, hardware and system infrastructure, and continuous maintenance, including upgrades. A membership model to the Oracle facilitated service doesn't require interest in the innovation stack and permit is managed through membership expense. The cloud innovation stack can also be actualized on premises. This requires interest in permit, maintenance charges, hardware innovation stack, and the customer taking on the obligation regarding upgrades.

Advantages:

Many organizations consider financial information about their operations with most extreme importance from an operational viewpoint and confidential. This is especially valid for small to average size organizations that are privately held and managed. The innovation stack offered by Oracle offers advantages with machines designated for each buying in client in this way guaranteeing data security and exacting confidentiality. As organizations develop and operations expand, many organizations expand globally with operations and detailing in various nations, and need to guarantee compliance with governmental regulations and answering to key stake holders, and eventually investors. The Oracle innovation stack membership service is intended to be elastic and develop with the scalability demanded by the buying in client.

Essentially, organizations with global operations require globally scalable financial applications that are, from the start, enabled for such operational capabilities. Oracle Fusion Financials is certainly an application that is ready, out of the "proverbial" box, for such scaling of capabilities. A major advantage, henceforth the phrase "proverbial" in cites, is that the implementation of the arrangement isn't invasive and doesn't require interest in software permit or hardware and systems administration infrastructure. This offers adaptability of pay-as-you-utilize model.

Oracle Financials incorporate the accompanying key modules: Ledger and Analytics, Accounts Receivable, Collections, Accounts Payable, Cash Management, Fixed Assets, and Expenses.

Under the master guidance of consultants from Inspirage, these Cloud Financial modules can be arranged to suit a business' particular necessities and sent rapidly. The business topic specialists will have the option to state business necessities from operations and regulatory point of view across the globe with the implementation specialists. Inspirage consultants and professionals can also assist their clients to maintain, expand, and actualize a dynamic business procedure to enable development and expansion of operations over a more drawn out skyline of operations.

With a hearty Service Oriented Architecture (SOA), a major advantage for any business is to operate in a crossover domain (partially in the cloud with other on-premises applications) where:

The financial framework is facilitated by a service supplier like Oracle.

Different applications (outsider applications and services) can be easily integrated with the financial framework – e.g., payroll, bank, exchange rates, etc.

After thorough survey with stake holders, clients can add custom augmentations between the PaaS and SaaS layers, under master guidance from Inspirage to guarantee steady item usage that will enable easy upgrade paths.

The configuration procedure takes into account specialty units that will be required and accommodates all the subledgers (AR, AP, Fixed Assets, projects, etc.) to be tracked by specialty units, and legal substances. Between company transactions, assuming any, can be set up and designed to give web based tracking and balancing of intercompany transactions in numerous legal elements, specialty units and various monetary standards.

A significant feature, as it relates to chart of accounts structure, has been presented in the Financial Cloud application. Here is a comparison between R12 Oracle EBS (and earlier forms) and Financial cloud:

R12 EBS Financial Cloud Added Benefits

No Chart of accounts structure Chart of accounts structure, chart of accounts structure instances The chart of accounts structure is the structure obstruct the set, geared towards adaptability and limiting implementation endeavors. Clients can create various chart of accounts (structure instances) that share the same structure, yet modifies each instance distinctively to fit venture announcing necessities across capacities.

One balancing fragment, secondary tracking segment Up to 3 balancing segments Create chart of accounts based on up to 3 balancing portions, hence allowing increasingly granular transaction tracking and financial announcing.

This feature along, with financial category gathering in the chart of accounts, gives hearty revealing at aggregated levels and capability to penetrate down to the details, reaching out to the individual transactions. The diagram to the correct shows a sample tree structure (Hierarchy) enabling numerous announcing structure instances with forming.

The accompanying advances portray how a hierarchy structure is set up and utilized:

Create account hierarchy structure to recognize Management and operational between the value set values.

Characterize date successful tree forms to reflect organizational changes inside each hierarchy after some time.

Distribute various hierarchy structures to balance solid shape (ESSBASE) for financial revealing and analysis of past, present and future structures.

The above enhancements are utilized adequately by the firmly integrated ESSBASE solid shape with the Hyperion revealing UI, to give a truly adaptable and dynamic announcing capability. Much of the time, financial and operational clients can do most, if not all, their work with the Hyperion UI with no compelling reason to go into the hidden application.

Use:

Another strong arrangement of features enhanced in the Fusion Cloud is data security. Security is actualized through configurations at the specialty unit level, in this way guaranteeing separation and security of transactional and some master data by explicit specialty units across the global operations. This is executed using amazing and at the same time adaptable Role Based Access Controls (RBAC) at the client level across the innovation stack from database to applications and detailing. The access controls to menus and data by the clients are managed across these three key criteria:

RBAC by client

What they can see?

What they can do?

What they ought not see?

The chart of account structure depicted above can be utilized to execute section level security where in determined clients can just have access to transactional data, say at the specialty unit/LOB, cost focus level, and no access to aggregated data at parent level of the structure.

With the work process incorporated with the SOA layer utilizing Business Process Management (BPM) and Business Process Execution Language (BPEL), capability for actualizing business explicit work process is conveyed to clients to manage business/locale explicit work processes for approval, status management, etc. With master guidance from Inspirage, quite a bit of this can be maintained and updated by clients as business necessities develop. Work process updates can be accomplished without the requirement for IT aptitude, utilizing drag and drop work process objects.

At the point when transactions are posted using Subledger Accounting (SLA), all the transactions are simultaneously posted, to the GL, ESSBASE database, and different money revealing records. Standard two dimensional revealing and analytical multi-dimensional detailing is accessed through Hyperion and Excel interfaces. With some initial orientation and training, these are instruments that most financials and operational professionals are entirely comfortable with and in broadly spread usage. Additional announcing capabilities are available through Oracle BI distributer.

Management reports and dashboards are pre-manufactured and available to officials and managers from the beginning upon organization.

Salary statements and Balance sheets

Operational reports by legal elements, specialty units, line of business, cost focuses and departments.

Various dimensional perspectives for limitless variety of "cutting and dicing" of data

Creating and Editing KPIs

Setting Up Targets

Stating Tolerances

Evaluation of KPIs

Oracle Cloud Financials has been intended for ease of utilization from three points of view:

Ease of configuration, update and maintenance

Data import for master data and transactional data through macro enabled exceed expectations spreadsheets, and other document based import innovations

Automated generation of security enabled jobs across legal elements and specialty units