Udyog Software- A Distinct Platform for Automating Business Processes and Tax Compliance
A successful enterprise generally follows certain processes that are unique to its size, nature, dependencies and most importantly those processes that suit its customer’s requirement. But complying with such defined processes is not that easy. In reality, the challenges are experienced every day at work by the people responsible for managing such processes individually or collectively. Moreover, in India, tax and compliance is subject to change ever so frequently, making it difficult for companies to cope up with rate, rule and reporting changes. Even global ERP solution providers strive hard in offering with the necessary scopes for compliances. To address challenges pertaining to tax and compliance, enterprises would generally hire Tax advisory consultants to understand the implication of taxes and duties applicable for their operations. Consultants may suggest on the working procedure within taxation space, however, it still remains difficult for them to operationally handle complex tax systems.Mumbai headquartered Udyog Software comes with a unique solution to these problems. Post-haste its inception in 1993, Udyog Software realized that the tax and compliance management domain was likely to revamp frequently. With this foresight, Udyog Software designed, developed and launched a unique tax automation platform that considerably cuts down the timeframe to amend existing tax regulations and add new tax regimes onto the platform. The platform automates Excise tax for Manufacturers and Traders; CST, Service Tax, TDS, VAT for India. Today, the platform is completely ready to help its user in complying with any new taxes such as GST.
The industry veterans at Udyog Software were quick to understand that SMEs unlike large enterprises operate with lesser IT and software infrastructure and further use more Commercial Off-The-shelf Solutions (COTS) applications. Most small and midsize business automation products often claim but lack complete tax and compliance automation.
Visual Udyog: A Comprehensive Business, Process & Tax automation solution
The company’s flagship offering called Visual Udyog covers all the key functional areas of an organization. “Visual Udyog is a business automation solution that helps SMEs streamline their business processes, reduce costs, improve productivity, leverage industry best practices, stay compliant with tax rules & reports and procedures and take more informed decisions,” unveils Janak Bhuta, Chief Business Officer at Udyog Software.
Visual Udyog provides improved visibility and control to the user through Business Intelligence Reports, Alert Management, Workflows, User Roles Definitions, Multi-company reporting etc. The user can simplify and standardize their Production Process, Inventory & Sales Management, Quality Control, Material Requirement Planning and Financial Accounting.
iTAX: Made for easy processing of tax data
Udyog Software’s another major product is called iTAX. It is a Tax Processing and Liability Computation platform that reduces Audit potential while minimizing the ERP customization and transition management costs. “iTAX can be seamlessly integrated with any of the business source systems such as ERP, Accounting Systems, Legacy and Sales Systems for processing Transactional tax data, Tax compliance, Set-offs and Credit Liability” adds Janak.
The Winning Edge
Janak further explains that every product offered by Udyog Software is highly adaptable, flexible and scalable. “The winning edge for Udyog Software over our competitors is the fact that we boast of the highest customer retention ratio of more than 93 percent in such a highly competitive market,” signs off Janak.
The company’s flagship offering called Visual Udyog covers all the key functional areas of an organization. “Visual Udyog is a business automation solution that helps SMEs streamline their business processes, reduce costs, improve productivity, leverage industry best practices, stay compliant with tax rules & reports and procedures and take more informed decisions,” unveils Janak Bhuta, Chief Business Officer at Udyog Software.
Visual Udyog provides improved visibility and control to the user through Business Intelligence Reports, Alert Management, Workflows, User Roles Definitions, Multi-company reporting etc. The user can simplify and standardize their Production Process, Inventory & Sales Management, Quality Control, Material Requirement Planning and Financial Accounting.
Udyog Software designed, developed and launched a unique tax automation platform that considerably cuts down the timeframe to amend existing tax regulations and add new tax regimes onto the platform.
iTAX: Made for easy processing of tax data
Udyog Software’s another major product is called iTAX. It is a Tax Processing and Liability Computation platform that reduces Audit potential while minimizing the ERP customization and transition management costs. “iTAX can be seamlessly integrated with any of the business source systems such as ERP, Accounting Systems, Legacy and Sales Systems for processing Transactional tax data, Tax compliance, Set-offs and Credit Liability” adds Janak.
The Winning Edge
Janak further explains that every product offered by Udyog Software is highly adaptable, flexible and scalable. “The winning edge for Udyog Software over our competitors is the fact that we boast of the highest customer retention ratio of more than 93 percent in such a highly competitive market,” signs off Janak.
