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Home/business

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katherinedesilvia
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katherinedesilvia
Asked: December 7, 2022In: Business

Why is Enterprise Planning Software Important for Business Progress?

  • 1

How is Enterprise Planning Software important for business progress? Can anyone explain in detail?

businessEnterprise Planning SoftwareEnterprise Planning Software Importance
  1. Singasani Akshay
    Added an answer on December 7, 2022 at 5:44 am

    In the past, only major multinational corporations were thought to be suitable candidates for using enterprise planning software. Also, these organizations used to have a specialized IT team for setting up and managing this software. This was because fewer business owners were acquainted with the fuRead more

    In the past, only major multinational corporations were thought to be suitable candidates for using enterprise planning software. Also, these organizations used to have a specialized IT team for setting up and managing this software. This was because fewer business owners were acquainted with the functions and applicability of products and services. And others who believed that only large companies needed ERP software to control their complex and labor-intensive procedures.

    Administrators’ workloads grow as a business grows. It takes off to new heights because activities become more time-consuming and complex and the client base grows. A crucial phase of growth, the inability to manage and meet these client needs can destroy your company.

    Additionally, businesses need a comprehensive solution like procurement to pay software to handle the fierce competition. Also, meet the demands of customers due to: 

    • The speeding up need for faster response times.
    • Improved finance and accounting news.
    • Strong regulatory compliance and security.
    • Agility
    • Versatility.

    Enterprise planning software allows you to run your business with only one system. It reduces operations and boosts robustness. It is comprehensive and integrated. If you do not install ERP software, you may have to juggle several duties at once. This will make managing everything more difficult. The result of this poor management may have: 

    • Data inaccuracies
    • A duplicate of records or activities
    • Lack of business visibility
    • A breakdown of the interaction between various departments or divisions of your company.
    • Other issues 
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  • 1 Answer
  • 26 Views
Peter95
  • 2
Peter95
Asked: September 29, 2022In: Business

How to Create eBay Store to Shift my Business Online?

  • 2

I want to shift my business to eBay, So I want to know how to create an eBay store and what types of requirements eBay needs from me.   

businessebayhow to create ebay store
  • 0 Answers
  • 31 Views
aditiahuja
  • 2
aditiahuja
Asked: October 21, 2019In: Finance

What is merchant business and how to open merchant account for our business?

  • 2

Looking for information on merchant business. What it is and how one can open their merchant account for business?

businessmerchant account for businessmerchant business
  1. Best Answer
    aditiahuja aditiahuja
    Added an answer on October 21, 2019 at 12:41 pm

    A merchant business is set up by a retailer who purchases goods in bulk, i.e. wholesale purchases, from all sources and resell them after keeping a considerable profit. A merchant requires considerable working capital to invest in assets and to pay various suppliers in advance. To boost that cash flRead more

    A merchant business is set up by a retailer who purchases goods in bulk, i.e. wholesale purchases, from all sources and resell them after keeping a considerable profit.
    A merchant requires considerable working capital to invest in assets and to pay various suppliers in advance. To boost that cash flow or to clear pending dues, a retailer can avail merchant funding. This financing helps in increasing the working capital without the need for any collateral.

    Merchant businesses utilise their merchant’s account and retrieves generated revenue from customers through credit cards and debit cards.

    Following are the steps that should be followed to open a merchant account for a particular business.

    1- Choose a particular financial institution for collaboration.
    2- Decide the payment model, whether it will be recurring billing or a one-time payment.
    3- Evaluate the turnover as the bank establishes its rate base on the existing assets of the business.
    4- Create your original website.
    5- Provide all authentic documents.
    6- Submit the application form after filling up all the necessary details.

    To open a merchant account for a business, you will be required to submit certain documents regarding available assets and turnover. There are several financial institutions that offer business loans to retailers and merchant businesses at affordable interest rates to help maintain the necessary working capital and stock inventory.

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  • 1 Answer
  • 416 Views
aditiahuja
  • 0
aditiahuja
Asked: August 16, 2019In: Business

List down the best franchise in India?

  • 0

Here is the quick information on the above topic. You all are also welcome to share your thoughts. Kindly share your views on the topic in comment section. Till then enjoy reading below. The idea of starting a business is a ...

best franchise in Indiabusinessfinancefranchise business
  1. aleenamishal
    Added an answer on July 2, 2022 at 2:02 pm

    Generally, suppliers set a minimum order quantity, especially Alibaba, whose minimum order quantity is usually very high, which is completely unaffordable for novice sellers. If you want to find a good supplier with low MOQ, I recommend using the Auteurs Impex online wholesale website. They are a B2Read more

    Generally, suppliers set a minimum order quantity, especially Alibaba, whose minimum order quantity is usually very high, which is completely unaffordable for novice sellers.

    If you want to find a good supplier with low MOQ, I recommend using the Auteurs Impex online wholesale website. They are a B2B online wholesale market created in the United States, mainly engaged in online wholesale services, including fashion for women, men, and children, Clothing, jewelry, accessories, beauty, luggage, shoes, home gardening, weddings, and parties, etc. They have a flexible MOQ. The more you buy, the lower the price. I hope my advice can help you!

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  • 1 Answer
  • 288 Views
aditiahuja
  • 0
aditiahuja
Asked: August 6, 2019In: Business

How the GST is calculated?

  • 0

First, you must understand the types of GST that are available – CGST, SGST and IGST. Both CGST and SGST are for by the GST registered company/person who supplies goods within a particular state. IGST is applicable to all companies/persons ...

businessgsttax
  • 0 Answers
  • 297 Views
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