Why Does Every Company Need Digital Signature Software?

In digital signature by Lino Aravindan

Companies no longer rely on paper documents. The entire documentation process has become digital. Digital signature allows you to add signatures on your digital documents, thereby ensuring that they are equally credible and carry the same legal importance as paper documents How do Digital Signatures work?The Digital Signatures require a key pair (asymmetric key pairs, mathematically related large numbers) called ...
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Embedded Banking for Corporate Entities

In embedded banking by Anandkumar S Nair

Almost all of us have made instant payments through Google Pay or Paytm. Or by scanning a QR Code displayed outside dhabas and tea shops. Ever wondered how these third-party Apps can trigger instant payment from our personal bank accounts? The answer is straightforward -- through embedded financial services, or APIs as offered by banks. Application Programming Interfaces (APIs) API ...
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Automating Inbound Electronic Invoicing

In E Invoicing by Anandkumar S Nair

E-invoicing got off to a great start in India on 01 Oct 2020. The threshold limit for submitting electronic invoices was progressively lowered from the initial Rs 500 crores to Rs 100 crores turnover since 01 Jan 2021, and then to Rs 50 crores with effect from 01 Apr 2021. Thus as of now, it is mandatory that B2B transactions of companies with an annual turnover greater than Rs 50 Crore are processed through electronic invoices.

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India’s Export Trade Facilitation- Recent Initiatives

In Export and Import by Vivek C V

PreambleThe world has changed a lot and yet has to change a lot. Sensing the significance of trade across nations as an engine of economic growth both at national and global levels, nations and global bodies committed to global growth are coming under a common banner of trade laws, practices and facilitation as well. Global trade is full of complexities ...
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Indian Government approved RoSCTL scheme till 2024 for textile industries

In Export and Import by Saroj Prakash Padhy

The Union Cabinet meeting held by Honourable PM of India Mr Narendra Modi has approved to continue to provide Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates to the Textile exporter as mentioned by the Textile Ministry for exports of apparel/garments. This will continue till March 31, 2024, this will help the Textile sector to ...
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Application Programming Interface

In API by Anandkumar S Nair

The ability to easily share data with other businesses and with customers is among the most critical drivers for modern, mission-critical business initiatives. API, or Application Program Interface is the software intermediary that allows different software applications to talk to each other. APIs are all around us, even as many of us may not be unaware of this. When we ...
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Transfer Pricing Made Easy in SAP

In Transfer Pricing by Sunil Gupta

Transfer PricingTransfer pricing is the price at which one entity transfers or transact supplies/ Goods to another entity. In other words, transfer pricing is the price which is paid for goods or services transferred from one unit of an organization to its other units situated in different countries. Transfer prices are used when individual entities of a larger multi-entity firm ...
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Making your enterprise Digital Signature ready

In digital signature by Lino Aravindan

What is a digital signature?A digital signature—a type of electronic signature—is a mathematical algorithm routinely used to validate the authenticity and integrity of a message (e.g., an email, a credit card transaction, or a digital document). Digital signatures create a virtual fingerprint that is unique to a person or entity and are used to identify users and protect information in ...
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Successful Vendor Relationship Management Using Simplified Tools

In Vendor Management by Ashik Chakravarthy

What is Vendor Management?Vendor management refers to the set of processes used by organizations to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting & onboarding the vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery. Vendor management empowers an organization to take appropriate measures for ensuring excellent service deliverability ...
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