Or­a­cle An­nounces Avail­abil­ity of Or­a­cle ERP Cloud in In­dia

The DQWeek (Chennai) - - NATION - DQW NEWS BU­REAU New Delhi

Or­a­cle an­nounced the avail­abil­ity of Or­a­cle En­ter­prise Re­source Plan­ning (ERP) Cloud in In­dia to help lo­cal and multi­na­tional firms op­er­at­ing in In­dia pre­pare for the coun­try’s trans­for­ma­tional tax re­forms. Or­a­cle ERP Cloud de­liv­ers built-in fea­tures to fa­cil­i­tate com­pli­ance with new Goods and Ser­vices Tax (GST) reg­u­la­tions, pro­vides na­tive sup­port for GST Net­work in­te­gra­tion and re­port­ing, and sup­port for lo­cal re­quire­ments in­clud­ing with­hold­ing, pay­ment pro­cess­ing, and statu­tory re­port­ing. Or­a­cle CEO Safra Catz an­nounced the ex­panded avail­abil­ity of Or­a­cle ERP Cloud dur­ing her key­note at Or­a­cle OpenWorld in New Delhi.

The new In­dia GST reg­u­la­tions will en­force sim­pli­fied and uni­form tax rates across all states, re­plac­ing sev­eral hun­dred dif­fer­ent tax rates with five tax rate tiers that cover all goods and ser­vices. The new reg­u­la­tions are ex­pected to boost eco­nomic ac­tiv­ity and con­trib­ute sub­stan­tially to Gross Do­mes­tic Prod­uct (GDP) growth via a re­duc­tion in fric­tion in the move­ment of goods and ser­vices across state bor­ders. To help cus­tomers suc­cess­fully man­age this trans­for­ma­tion, trained and cer­ti­fied Or­a­cle ERP Cloud con­sul­tants from Or­a­cle part­ners, in­clud­ing Clover In­fotech, Deloitte, Filix Con­sult­ing, KPIT, KPMG, and Price­wa­ter­house­Coop­ers, are cur­rently en­gaged with cus­tomers.

Or­a­cle ERP Cloud is a com­plete, mod­ern, and proven fi­nan­cial plat­form de­liv­ered seam­lessly through the Or­a­cle Cloud. A mod­ern user in­ter­face driven by the lat­est de­sign in­no­va­tions de­liv­ers em­bed­ded an­a­lyt­ics, con­tex­tual so­cial col­lab­o­ra­tion and a de­vice-in­de­pen­dent mo­bile ex­pe­ri­ence that makes Or­a­cle ERP Cloud fa­mil­iar and easy to use. Im­por­tantly, Or­a­cle ERP Cloud will now en­able In­dian firms to ad­min­is­ter and lever­age the sig­nif­i­cant GST process changes, in­clud­ing tax cal­cu­la­tions, li­a­bil­ity ac­count­ing, re­cov­ery, set­tle­ment and re­port­ing. The avail­abil­ity of Or­a­cle ERP Cloud in In­dia re­flects Or­a­cle’s sup­port of the gov­ern­ment’s Make in In­dia ini­tia­tive.

“Global adop­tion of our lead­ing Or­a­cle ERP Cloud con­tin­ues to ac­cel­er­ate,” said Safra Catz, CEO, Or­a­cle. “We ex­pect this trend to grow in In­dia as cus­tomers can now take ad­van­tage of Or­a­cle ERP Cloud’s com­pre­hen­sive tax man­age­ment ca­pa­bil­i­ties, fully in­te­grated with core ERP func­tions, to help make bet­ter busi­ness de­ci­sions and ad­dress reg­u­la­tory changes driven by the new GST.”

Safra Catz, CEO, Or­a­cle

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.