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What Is Meant By India Version Of Specific Erp Software?

Answer»

ERP software MUST address all the enterprise needs of an organization within the social context in which the enterprise operates. This would imply that the local accounting practices, LOCALLY applicable taxation LAWS (excise, customs, sales tax and income tax) are fully adhered to in implementing the various business processes.

The software vendor must incorporate India SPECIFIC features before selling the software. The specific ERP software that has been adopted to suit to Indian statutory laws is called India specific ERP.

ERP software must address all the enterprise needs of an organization within the social context in which the enterprise operates. This would imply that the local accounting practices, locally applicable taxation laws (excise, customs, sales tax and income tax) are fully adhered to in implementing the various business processes.

The software vendor must incorporate India specific features before selling the software. The specific ERP software that has been adopted to suit to Indian statutory laws is called India specific ERP.



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