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 ...
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 ...
What is the best time to identify a defect/ discrepancy?While there are many technically correct answers to this question, a smart answer doing the rounds is “to find it before it happens”. As the proverb goes “Prevention is better than cure”. On a similar note, it would be good to ask ourselves: “what is the best time to do Vendor ...
Most manufacturing companies need to procure materials and services from hundreds of external vendors. These invoices come in numerous layouts, and entering details from these to the ERP is often a nightmare for companies. Some outsource the invoice data entry job to 3rd parties. Others utilize their own internal resources for the purpose. Either way, this is a time consuming ...
SAP Analytics Cloud is SAP’s flagship product in the overall Analytics portfolio and the move to a single analytics product based in the cloud, covers multiple aspects, such as business intelligence (BI), planning, predictive, and application building. It is considered one of the best Corporate Performance Management (CPM) tools. Recent advances in the platform have made it on par with the leading competitors, and the competitive subscription pricing has made it very attractive compared to them.
The Finance Bill, 2021 has proposed to introduce a new section 194Q to the Income-tax Act, 1961 which requires a buyer to deduct tax at source in case of purchase of goods, the value or aggregate value of which, exceeds INR 50 Lakh in a financial year. The provisions of this section would come into effect from 01-Jul-2021 and would ...
What is digital transformation in the context of companies?The whole purpose of the business is to serve customer happily and profitably, delivering value for their investment. The customer is at the center of any need for transformation. I have heard many experts speaking on this subject and they talk of implementing the digital tools and technology as the purpose of ...
Notification No. 16/2021 of Central Tax Dated: 01/06/2021 Appointed Effective date for provisions of section 112 of Finance Act, 2021 as 1st June 2021, which amended Subsection (1) Section 50 of Central Goods and Services Act retrospectively. i.e., Interest shall be levied only on the portion of the tax which is paid by debiting the electronic cash ledger. Notification No. 17/2021 of Central ...
Many leading enterprises in India use SAP ERP solutions that are not completely localized, especially in terms of statutory compliances, taxation, and end-to-end integration for country-specific processes. Innoval Digital Solutions (IVL) combats this challenge and supports organizations from the compliance intricacies through its localized add-ons products for SAP. Innoval enhances organizations and their people to collaborate more effectively and to ...
Budget 2021: Updates as on 1st February 2021 GST audit requirement by specific professionals such as CAs and CMAs has been removed from the GST law. Sections 35 and 44 have been amended in this regard. As per the amendment, only GSTR-9 annual returns on a self-certification basis need to be filed on the GST portal by taxpayers, completely removing ...
