Corporate Munim- The Business Explorer

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What kind of changes required for the GST Ready ERP!

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  After the Demonetization, the   GST   has created the hype in all the business organizations, whether they are running their business on small scale or they are the giant firms. While the common men are hoping for the best, the business owners have no need to be confused. The Goods and Services Tax will be in the practice from the 1st July 2017. The giant enterprises of the country have already started updating their Enterprise Resource Planning (ERP) systems. The key players of the ERP providers such as Oracle, SAP etc. have already confirmed that they are coming up with new  GST compliance  needs. The migration of the data is a crucial task that has to be done carefully. So, it becomes necessary for the expert to examine the impact of GST on ERP systems carefully. Here are some of the points that are going to affected by the implementation of GST in ERP Systems. Accounts: The account codes have to be prepared separately for the Value Added Tax (VAT) and Serv...
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Oil & Gas ERP

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The very first thing which comes to mind when you hear about the Oil and Gas or other energy exploration or producing company is the unpredictable nature of this industry. This resource being highly sought-after and the costliest to deal with, the regulations and changing environment play a vital role to the companies who deal with petroleum exploration and production. That being said, it is also necessary to implement sophisticated business processes which also adhere to the international regulations and narratives. A definite solution is required to consolidate the information required by the teams to plan and coordinate all the work in progress. This is why Corporate Munim, ERP software for Oil & Gas and other energy exploration and production company is suitable for this volatile industry. Corporate Munim targets and resolves few major challenges faced by Oil and Gas producing companies. Integration Petroleum producing companies are huge and are divided into various department...
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Is ERP Important for Inventory Management?

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For any manufacturing industry, the precise and perfect inventory management is must. It is something that is vital for the smooth functioning of the different production processes. If it is insufficient or inaccurate, a company may find it difficult to sustain different production and manufacturing processes and in the end, the overall productivity may suffer. Inventory Management ERP Software What is inventory management? First of all, we need to understand what it is. It is a system by which we come to know about the products and goods in our warehouse and about stock details. You need to integrate it with your back office system to ensure that it works at its best to make major financial and supply supervision decisions. It is a tiresome process and we have a better solution for the problem: Integrating it with the ERP system : If you want to optimize your stock management system, it is best that you integrate it with your ERP system components like back-office and accounting and...
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