GST and ERP challenges for SMEs

May 15th, 2017 Intech Systems GST Law and ERP, Microsoft Dynamics

GST is now a reality. With July 1 approaching, businesses have sped up the changes in their functions and processes. GST is entirely different from the existing complex structure of a dozen taxes. GST will subsume many of these taxes and will be a uniform tax system across the country. This breakthrough restructuring needs setup and skill from both sides, the ERP implementing partner and businesses.

GST and ERP

ERP is not just an accounting system. It is everything – from manufacturing to sales to marketing to customer service. Businesses now find it difficult to go without ERP for even a day. With the new GST law on the way, business owners will now have to integrate the new taxation system in the form of GST with their existing ERP system.
Many industries in the country have already switched or are in progress of switching to Global ERP platform-Microsoft Dynamics ERP. For many of them, implementing the new ERP system was a struggle as their people were not ready for this big change in their working style. Much training and involvement by the partners were required to make them accustomed with this change. While there were few hurdles, the thrust and positivity of top management led to the success of the system.

GST impact on SMEs

Big organizations might already have their plans made as they have abundant resources to help them. This change will be an issue for SMEs as they lack resources – IT, finances and people to guide them through. Furthermore, clarity issue is adding anxiousness and confusion. For implementing GST in the business, adoption of digital technology seems imperative. Before SMEs could adopt GST, they need proper IT hardware and software infrastructure. Keeping cost proposition in mind, adoption is going to prove costlier to them. Intech’s aim is to make your businesses GST Ready with affordable pricing and minimal efforts.

Retail SMEs seek two-month extension window for GST compliance

How is Intech helping?

Intech is ready with GST roll-out in Microsoft Dynamics ERP. To make GST transition successful and smooth for our customers, we conducted GST readiness seminars for them. We’re also conducting an event on ‘GST Readiness with Microsoft Dynamics ERP’ to make these SMEs aware about GST, its implications and how adopting ERP will make their lives simpler.
How you should be ready for GST? Which business processes need changes? How Microsoft Dynamics ERP will help you in smooth transitioning to GST? Have any such GST related questions? We’ve answers. Just let us know.

About Intech

Intech Systems is a three-cloud Microsoft-certified partner that boasts deep expertise in providing digital transformation solutions for organizations by leveraging the Microsoft 365, Dynamics 365, and Azure solution stack. Intech is recognized as a top-tier Microsoft implementation partner globally and specializes in transformative technology solutions such as ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), Business Process Automation, Business Intelligence, Cloud Infrastructure, Data Management, Productivity & Collaboration and Generative AI (Gen-AI) solutions. As a trusted Microsoft Solutions Partner, we are capable of doing complex technology implementations catered to an organization’s specific needs & also rapid solution implementation such as our Microsoft Dynamics 365 Business Central implementation packages. We pair our implementations with end-to-end customer support, offshore development & 3rd party integrations. With offices in India, USA (United States of America), and Singapore, we work with clients across globe to empower businesses with cutting-edge technology solutions. Our latest services aim at delivering business ready AI solutions to the customer, like our  Microsoft Copilot Consulting Services & Solutions for small, medium & large enterprises. Intech’s expertise lies in building software solutions for Manufacturing, Professional Services & Healthcare.  Our Dealer Management System, Sales and Service CRM for Manufacturing, Field Force Automation for Pharmaceuticals and Manufacturing Central are some of our leading industry solutions. Intech’s vision is to catalyze digital futures for operation-centric industries globally, we are at the forefront of innovation, helping organizations drive growth and innovation like never before. Contact Us to learn more.