VAT may be a transactional tax with advanced native country compliance needs. Correct ERP system configuration is crucial to make sure that enormous scale errors aren’t gift for the corporate in each the charging of VAT to customers, the assembly of VAT-relevant documentation and therefore the news of VAT relevant info.
To correctly confirm VAT in Middle East and thus the VAT liability of a dealing, VAT relevant transactional information is processed through VAT determination logic that assigns a tax software. This tax code not solely assigns the right VAT liability to a dealing however additionally helps to drive VAT invoicing needs and different areas of VAT compliance.
What ERP Configuration Risks can be possible for a Company?
Changes in business models and transactional flows
Lack of integration between tax and IT functions
Loss of configuration data over time, in the main because of workers changes
Changes in native VAT legislation
Inconsistencies in approach because of the creation of native workarounds and system “fixes”.
Effective and correct VAT and applied mathematics reportage
Streamlined month-end reportage processes.
“Best in Class” VAT automation in associate degree ERP system depends on the proper configuration and linking of subtle tax practical parts across materials, sales and finance modules.
We all know that VAT is going to be imposed in the Saudi Arabia and other Middle East countries in early January 2018 and it is becoming a hot topic these days. Corporations and companies are now making rapid movements to become a VAT claim and have also started to register to obtain their VAT number corresponding to the corresponding VAT authority.
What is VAT (Value Added Tax)
VAT is a general TAX of compensation to the sale price of a product. It represents a tax on the “added value” to the product throughout its production process.
VAT in businesses will need to implement VAT in Microsoft Dynamics AX and its other ERP software. Microsoft Dynamics AX will use a tax matrix to calculate VAT. The main configurations that will be needed are:
VAT consulting for Saudi Arabia and KSA We need to draw your attention to set up and implement the VAT application in Microsoft Dynamics AX for UAE and KSA. We are a comprehensive provider of Saudi VAT ERP SOFTWARE, including IT support and implementation services. You should always consider professional advisors, who understand your business to ensure your VAT compliance to handle it professionally. We can help you investigate your VAT process designs, compare them with global reference practices and advise you on the best solution against your VAT compliance problems. We will be happy to make a free session to familiarize you with the principles of VAT and its general implications. In addition, we can help:
Carry out a VAT evaluation in your business and Microsoft Dynamics ERP systems;
Recommend changes to the accounting and ERP systems to ensure compliance with VAT legislation.
Assist in the VAT registration process with the Federal Tax Authority (FTA);
Provide your company with continuous support with VAT.
Provide the implementation of other IT solutions, including Microsoft GP, NAV and Dynamics, in case current financial systems do not comply with VAT.
Is your ERP compliant with VAT?
The impact of taxes must be accurately managed in the Microsoft Dynamics AX ERP system to avoid compliance risks. Compliance risks such as
The new business structures
Changes in tax administrations
Changes in the logistic flow
Changes in legislation
bilytica VAT Consultant will have a focused risk review and VAT consultation in your Microsoft Dynamics AX ERP system that will give you practical visibility on how to address these risks.
Dynamics CRM is a Management System for Customer Relations. And the management of operations related to billing with CRM is really a complex and complicated job because it is not an accounting / billing system! Although the CRM system offers a basic billing flow, complex system customization in CRM is sometimes required to cover the entire billing lifecycle.
We have a requirement in one of our Dynamics CRM / “Dynamics 365 for Sales” configurations to add a handle to the invoice entity form that will calculate the VAT amount based on the percentage value provided by the billing / sales department.
By default, there is no way to manage the VAT amount for the CRM invoice based on a defined percentage value. Our basic objective is to achieve a functionality in which the sales person has the ability to enter a% VAT in a field and, based on that, a VAT ERP Sadui Arabia calculate (added in another custom / incorporated field) automatically and after saving / recalculate The VAT amount of the invoice added to the total amount of the invoice.
VAT is a tax on the end user that is applied to the sales of goods and services subject to taxes at different rates. VAT agencies must add the tax to their sales invoices (production tax) but they can recover the tax on their purchases, where VAT is applied (entry tax). There is a legal obligation to render clear VAT accounts in external documents and in company records. Needless to say, it is up to the company to collect the production tax from its customers.
Consumers and businesses pay value added taxes (VAT) when they buy goods or services. The amount of VAT to pay may vary, depending on several factors. In Dynamics 365, you set the VAT to specify the rates that will be used to calculate the tax amounts based on the following:
Who do you sell to
Whose purchases
What do you sell
What do you buy
You can set up VAT calculations manually, but that can be complicated and time-consuming. To make it easier, bilytica provide an assisted with VAT Enabled ERP Software Solutions that will help you with the steps. We recommend that you use the assisted configuration guide to set the VAT.
The use of recent technologies in Distribution trade automates and build economical processes to enhance productivity of companies. Most of huge distributers square measure currently that specialize in new ways that to enhance potency of offer chain processes and generate revenues. Distribution ERP in Saudi Arabia is integrated with new technologies and compatible with new systems.
Here are some rising trends that area unit followed by Distribution ERP package.
Warehouse Robotics
Automation in several alternative industries is already well-established everywhere the planet. The distribution industries additionally adopting the robotic technologies to create work flow automation for systematic warehouses. With the employment of computer science, the potency and accuracy of warehouse processes improves through absolutely machine-driven systems. It decreases the human would like in dominant warehouse and offers high finish perfections in producing method.
Autonomous transportation
Like all different processes are automatic and systematic the delivery system is also become automatic by adopting Artificial Intelligence. Fully autonomous transportation makes delivery and cargo processes quicker and economical. An autonomous truck is currently more and more used by large distributers. Distribution ERP in Saudi Arabia helps to control and manage autonomous trucks.
Integration of Logistics and Technology
The use of recent technology in distribution business removes the road and processes between provision and technology services that sometimes makes processes tougher. The mixing of technology and services enhances the productivity of distribution business.
Use of Upgraded CSR
CRM Software in Saudi Arabia is that the finish line tool to manage client dealing. it’s useful to extend client satisfaction. The cloud based mostly CSR create promoting and sales processes quicker and economical.
Use of Omni-Channels
Omni- Channels and on-line services area unit a lot of wide utilized by most of the retailers. Omni channels build quick delivery of products from distribution centre to outlet or customer’s door. The distributers use carrier or merchandise services for tiny delivery of products. This methodology fasten the last-mile parcel services.
Virtual supplying
Distribution industries controls multiple locations warehouses that has got to be access or connected through a reliable medium. the utilization of virtual supplying integrate and interconnect resources and dealing groups to figure expeditiously. Distribution ERP in Saudi Arabia supports Virtual supplying that produces provide chain processes quicker and easier.
In every business Sales and marketing operations are most important in which the productivity of business depends. The business where customer dealing is essential task and sales operations runs mostly. The data of customer needs to be secured and stored in one place. CRM Software in Saudi Arabia provides a solution that controls all of customer data. It also has capability to manage sales and marketing operations. It reduces the complexities of day to day sales and marketing processes. The CRM Software is widely used by most of business such as:
Business with sales team
Any Marketing Business
Businesses that low efficiency and focuses on generating leads
What are main Functions of CRM Software that are important for any business?
Most quality solutions, share common options that assist you perform basic relationship management processes, however they additionally vary in some options that address specific industries, business size, or specializations. Some of the major features that CRM Software is capable:
Contact Management
Tracing of sales
Automation of sales and marketing
Various Communication channels
What a company can get from CRM Software?
The CRM Software in Saudi Arabia is more beneficial solution that covers all main areas of sales to improve efficiency and productivity of business. It plays a vital role in improving company’s development. The key benefits are:
Efficiency and productivity
Availability of data
Accountability improvement
Improved Collaboration
Streamline communications with customers
What major technological trends are followed by CRM Software in Saudi Arabia?
The CRM Software in Saudi Arabia follows some major technological trends that helps to reduce complications in business operations.
There is no space for errors and disruption in Retail culture. The frequent change can be a major negative factor and cause of failure for many retailers. Accepting the different impacts of technology is difficult for the retail industry to remain continuous. The use of Technology in retailing makes easier. Technological Advancements that include personal recognition, robotics, digital wallet, consumer analytics, artificial intelligence, and other tech driven initiatives designed to make retailing efficient and faster.
Retailers makes significant investments in technology. Retailers now focusing more on to meet the expectations and satisfactions of digital customers due to high usage of internet and smart devices.
Use of Robotics
Most of famous brands use robotics and artificial intelligence in retails and supply chain processes. Now large industries are moving towards more use of robotics in different business processes. The Retail ERP Software in Saudi Arabia is upgraded with new functions that are compatible with new emerging technologies.
Delivery by drone
The use of drone is integrated with many other new technologies that are widely adopting in various businesses. The delivery and shipment processes in supply chain become more efficient and fast by using drone technology.
Anti-fraud tool for E-Commerce
IT department of most big internet retailers had been countering e-commerce frauds. The use of Anti fraud tools in retailing overcome most of the risks of frauds. The use of Artificial Intelligence and machine learning capabilities is helpful identify fraud signals, patterns and predict fraud before it arises.
Block chain and bitcoin technology
The use of Block Chain technology for organizing big databases of retails is beneficial for retailers. It is distributed database that contains blocks of record (lists old and new lists) and connected peer to peer network. While Bitcoine is digital currency which uses encryption techniques for online transactions.
As you know the global business has been immensely changed from the last few years. Now a days, just because of the implementation of an ERP Software, enterprises are getting more and more benefits.
At present age, employees are always moving, whether they are working on the client’s site, from their homes or somewhere out for co-working places. As such, business data is always in motion since mobile phones, tablets and apps have become the tools of choice for accessing information. With the accessible information, the tasks can be performed in a better way due to the cloud feature. While an important trend happening in the business world in the manufacturing industry these days is that they are trying to adopt the new ERP Software technology.
The New Age of Manufacturing
ERP Software Solution are crucial tools for manufacturers and their supply chains. However, the manufacturing industry itself is completely transformed into the better one, having assembly lines modified, research and development (R&D) has become more innovative and hence operations are more streamlined and efficient. It is all due to the adoption of ERP Software into their business.
With the use of bilytica ERP Software, there is availability of rich operational data on every step of the production line and delivery process, with a sense of enabling businesses to identify challenges or problems and solve them before problems escalate into the system.
The Emergence of Smarter ERP Software
Traditional applications like customer relationship management (CRM) and ERP continue to be important business tools for the development purposes, but it is important that they adapt to the rapidly evolving international business landscape to provide modern businesses with solutions that will definitely aid and support continued growth.
In 2017, we expect to see more set of applications that analyze business data collected from various sources to offer business insight. bilytica ERP Software Solution will support collaboration and facilitate data access through responsive interfaces. With the adoption of this software, artificial intelligence and advanced analytics will also transform your business applications, making them more predictive and prescriptive.
A CRM Software Solution is describing by its name that it is meant to deal with customers and managing strong and long lasting relationships. However, the name describes that it is also the primary software that is used to handle sales and marketing as an all-in-one software solution. Almost all of the companies these days are using CRM Software Solution exclusively to manage their customers. This certainly makes sense that the software covers and then automate the process of converting a lead to a customer.
One of the keys for getting a sale is maintaining a lead throughout the sales process. This type of management helps you to track the companies in each stage and to see high level information such as sales numbers, percent to close, and who is handling the lead. You can now organize this pipeline management with this set of software.
Account Management
Account Management is where you see the details of each account of your customers. Basic information like addresses, employees, contact information, and interests are all centralized on the account page within this CRM Software.
Quote/Order Management
You can create a quote for your potential customers directly in this CRM Software so that you can save it to the account instantly and have it for future reference in future. It makes you to see any previous quotes and processes the quote to an order while the discounts or product deals can be updated as well in order to get up-to-date information.
CUSTOMER SERVICE
Incident Tracking
So with the incident tracking, you can record what is the issue, who is issuing the complaint, who is handling the complaint and what is the status whether this complain is addressed or not addressed, being worked on, or completed. So in this situation, bilytica CRM Software Solution will help you look for trends in complaints by company type or by issue type. This can help you either improve your customer service or improve your product.
Knowledge Base
Knowledge base refers to a category of materials which is designed to help the customer so that they could contact the concerned person. They are searchable and numerous in information so that customers can better help themselves for the information they need without having to contact you for help.
Analytics
Once you have right data on what the most common complaints or areas where customers need the most help are, you can use it for better support to the customers. This CRM Software Solution will help you to analyze where the problem is being taking place.
Hence, bilytica Cloud CRM Software Solution is the best solution in order to manage your customers and all their relevant information.
Generally, Warehouse Management Software is defined as a software application that helps control and manage day-to-day activities in a warehouse. This software guides inventory receiving and put-away, optimizes picking and shipping of orders and advises on inventory replenishment.
In today’s competitive environment every business strives for reducing operational costs and improving the productivity of the business. A well-structured and efficient Warehouse Management Software will help achieve that objective in a better way.
Here are a few cost savings benefits associated with bilytica Warehouse Management Software;
Reduced Operational and Capital Expenses
bilytica which is an efficient Warehouse Management Software will definitely reduce operational costs by ensuring that the inventory which is getting expired or perished will be picked first. Moreover, this is a cloud based solution which will save significant costs as no hardware expenditures are required and data can be accessed through internet globally.
Improved Processes and Throughput
When a Warehouse Management Software is being deployed to your business system and processes, picking and packing shipping constraints are evaluated with specific amount of time, it will virtually guarantee improvements in cost and time reductions which is the main goal of any organization. bilytica Warehouse Management Software will improve your processes and throughput effectively.
Improved inventory Accuracy
The enterprises who employ bilytica Warehouse Management Software will see very quickly a remarkable improvement in inventory accuracy and inventory turns will be improved anywhere from 15-50% resulting in significant costs savings.
Labor Savings
Labor is usually considered as the number one cost savings motivator. Moving more product through the warehouse with the same staff is a form of savings as well as not having to hire more temporary labor during peak times (hours) of a business operation. This could be easily get with an efficient Warehouse Management Software provided by bilytica which can eventually save your big costs. You can get top line growth without added warehouse labor costs equates to bottom line improvements and additional profits and revenues.
An Asset Management Software systematically tracks, evaluates, and manages all the operations related to the assets. A strong software program can help an organization to reduce the overall costs while reducing the software costs, improve compliance, and simplify or develop processes for the employee requests. This software can also help control inventory through accurate databases, which in turn helps to identify all the organizational needs.
So in order to keep your Asset Management Software fit and updated, following are some factors that should be considered;
Cleanse your Asset Data
When considering the assets information, asset locations, asset types and asset descriptions are the key factors. It is always a good idea to review them within specific amount of time which then helps you in maintaining your information. It is a very good practice to frequently clean those chunks of data that are not being used. bilytica Asset Management Software is such an efficient software that it is providing the right information to its users and helps them to keep upgraded.
Arrange an Interactive Session with your Employees (Users)
Keeping track of your employees is one of the important task for any business owners or managers. bilytica Asset Management Software is such a software package that could help in every operation related to Asset Management. So in order to get your employees satisfaction, it is always advised to have interaction and coordination with them. Following are the points that should be considered;
Review the usability of this software
Make a note of software bugs
List down your own dissatisfactions
Listen to your employees’ feedback about that software
Let all the employees review the workflow
Arrange Special Training Sessions for your Employees (Users)
After you have done an interactive session with your employees, it is time to arrange a training sessions for your employees. Those who lags and are unable to use bilytica Asset Management Software, a weekly or monthly training program should be held so that they could perform their duties in a better way than ever before.