TECHNOLOGY IMPACT ON ERP

  • Rewire your core, understand the potential impact.

Goods and service tax – India’s most anticipated tax Reform in India is likely to get rolled out from July 1 st , 2017. The basic objective behind implementing GST is to eliminate the cascading effect of indirect taxes. However, the impact on ERP is multifold. Significant changes are expected to take place in ERP systems on account of implementation of GST. These changes may be visible in areas related to

  • master data
  • business process changes
  • interfaces and reporting requirements for GST migration.

Companies need to adopt a proactive approach in understanding the potential impact of GST on their ERP systems before the GST Bill becomes a law.

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For understanding the impact on the ERP, we have to classified ERP into two categories;

Enterprise edition

ERP products are integrated platforms automating client’s different business processes into one common platform.

Enterprise edition

ERP products are integrated platforms automating client’s different business processes into one common platform.

S.no. Areas Enterprise edition Standard edition
1 Chart of Accounts / General Ledger Structure
2 Forms & Report (invoice, Challan etc.)
3 Tax registers such as Input out put registers
4 Master Data Management (Updation of vendor masters, customer masters and item/inventory masters)
5 Number ranges (for invoices, debit notes / credit notes)
6 Adaptability (versions of existing ERP  
7 Process Management  
8 MIS Structure (Reporting & Dashboard)  

ERP systems alone often don’t meet the requirements of GST. From ERP or Accounting Systems to Your E-Commerce Platform, PayMyGST.com allows you to extract extensive data from any legacy or host system(s) seamlessly integrating and uploading into our web-based solution. Eliminating the tedious work and complexity, enabling users to streamline their GST tax compliance process, saving time, reducing errors, and cutting costs.

Plenty of Partner Apps

Plug into almost any accounting/ERP or eCommerce platform on day one. See a full list of integrations