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How generative AI transforms the Indian GST management scene

Future CFO

Generative Artificial Intelligence has found its way into India ’s goods and services tax (GST) management landscape, serving as a powerful ally for accountants and businesses amid the complexities of the system. This scalability is particularly beneficial for larger entities that deal with vast amounts of invoices and transactions.

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How Data Guides A New Era For The ERP

PYMNTS

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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How To Fix The B2B Payments In India

PYMNTS

There are sophisticated payment rails capable of moving money instantly, he noted, and when a buyer wants to pay a supplier that payment will route directly from one bank account to another. It isn’t paper free in many cases, because invoices are still drafted on them. And the payment, he noted, is just that — a payment.

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

PYMNTS

Researchers forecast mobile payments to account for $1 trillion in transactions next year. “Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated.

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The Virtual Card Case For Nonprofits

PYMNTS

The nonprofit industry has a lot to gain from this payment technology, claims a new whitepaper from vendor management consulting firm Vendor Centric. According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card.