siliconindia | | February 20204Radisson Blu, Outer Ring Road,BangaloreREGISTER NOWJoin us for 2nd Edition14th February 2020www.indiacloudsummit.comorganised byIndia Cloud SummitIndiaSUMMIT2020 From Manual Entries in Ledgers to Digitized AccountingQuite interestingly, small and medium enterprises (SME) in India have always been business driven. Increasing revenue is what drives a startup and small business owner to work every day, slug it out and survive another day of managing clients and operations. While technology is a boon for their businesses to grow, it's a bane for business owners. Entrepreneurs who have been out in the field in the daytime have to sit back on the computer and digitize their business accounting overnight in the wake of Goods and Services Tax (GST) and its bookkeeping complexity. As companies face mounting pressure to optimize pricing, costs and efficiency, more business are creating a `paperless office' within their finance functions. Companies of all sizes that manage more than 3,000 documents annually could consider digitalizing their financial functions. With the necessary technologies and regulatory frameworks in place to support a digitized business environment in finance and accounting, organizations only need to implement the right technologies, systems and procedural changes to start deriving benefits. Doing this efficiently and effectively ­ while minimizing risk ­ is challenging. Businesses need to ensure that they manage the procedural change to avoid operational risk, while maintaining a deep understanding of the latest legislation to reduce potential regulatory compliance issues.Digitization can transition your accounting and reporting documents and storage from a traditional paper-based system to an electronic format. Because it reduces process time and errors, aids cash flow and improves transparency on income, digitalization will definitely help business leaders make better decisions about how to lift business performance. It can also make an organization more competitive. We get that and therefore, dedicate this issue to the companies who have acquired a niche in developing software for streamlining the accounting and bookkeeping department of businesses.Do let us know what you think. Emmanuel Christi DasSpecial Editoreditor@siliconindia.comEditorialsiliconindia Vol 08 · Issue 7 - 1 · February - 2020 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Special Editor Emmanuel Christi Das Editorial Team Ananth.V Saroop K P John Roshan Anto Srrayvinya OLM Shiwani Prakash Sujith Vasudevan Vaishnavi Pradeep VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Vimalraj M S Sivasankar Group Art DirectorAshok KumarNoida Ashu Sethi Garima AnandCirculation Manager Magendran Perumal Anupreethi Danila Nagendra Kumar Shashi Ranjan Ameet Kumar Sahoo
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