SMEs have been emerging as the backbone of Indian economy over the past few decades, providing employment opportunities to almost 40 percent of the Indian workforce, according to MSME report. New technologies provide potential opportunities for SMEs and micro SMEs to compete with large scale enterprises by leveraging the digital means of automation. In the GST regime, the need for filing GST returns and claiming input tax credit has forced all kinds of businesses to digitize the operations ensuring regulatory compliance. However, lack of advanced infrastructure, adequate funds, training, and skilled workforce are some of the factors that hinder the growth of SMEs. For small businesses, finding a vendor who caters to both the needs of GST and ERP solutions has become a cumbersome task for the reason that many technology players in the market provide either ERP Automations solutions or GST solutions.
With a comprehensive view on the big picture, Logo Infosoft, a company having years of experience in the world of ERP automation and expertise in GST solutions in Europe, entered the Indian market in 2016 with rich GST capabilities to automate the operations of SMEs and unorganised sector in India.
This story is from the September 2019 edition of CIO Review.
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This story is from the September 2019 edition of CIO Review.
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