| | October 20214With the aggressive expansion in the number of organizations across the globe, management of finances and accounts is turning out to be an extremely challenging work. Extended working hours, mismatched financial records and audit nightmares have traditionally been a major cause of concern for the people handling it. From fetching real-time, comprehensive financial and operational reports to cost reduction and budget planning, the finance department of an organization is vast and demands proper preparation. Thus, leaving financial management of an organization as a separate task to be handled manually by the finance staff or the treasurer can be an expensive affair for the company, often leaving a scope of transcription error or data duplication.Customer expectations from banks, asset management companies and insurers are on the rise. To meet these demands, organizations need sound financial planning and management systems for proper streamlining of invoicing and bill collection, eliminating accounting errors, minimizing record-keeping redundancy, ensuring compliance with tax and accounting regulations, assuring risk and compliance are well managed, helping personnel to quantify budget planning, offering flexibility and expandability to accommodate change and growth, to achieve their objectives of financial organizations. Companies can also use mobility as a tool for creating business advantages and driving business growth. Innovation and adoption of new technologies are the two important factors driving sustainable growth of enterprises. Technology is fuelling innovation to identify opportunities and to provide seamless integration of multiple interfaces, helping organizations maintain a competitive edge according to the changing demands. In this issue of ERP Insights magazine, we are showcasing lists of `Top 10 Procurement and Inventory Management Software - 2021', a carefully curated list, it highlights ERP solutions which can be tailored to meet the evolving requirements of your business. I hope this feature helps you in your future endeavours and we achieve our mission.Deepshikha SinghManaging Editor editor@theerpinsights.comLeveraging Technology to Aid Financial Challenges Vol 4 · Issue 6 · OCTOBER 2021 Publisher & Editor Alok Chaturvedi Managing Editor Deepshikha Singh Sales & Marketing / Advertisement Shashi RanjanEditorial Team Group Art Director Ashok Kumar Visualisers Mohana Krishnan S Vetrivel editor@theerpinsights.com marketing@theerpinsights.comNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017 To subscribe: Visit www.theerpinsights.com or send email to: subscription@theerpinsights.com Circulation Manager Magendran Perumal Cover price is Rs 150 per issue.Printed and published by Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt. Ltd. No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017 and Printed at Precision Fototype Service, # 13, Sathyanarayana Temple Street, Halsuru, Bangalore 560008Copyright © 2021 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.Rohan A T Tanuja Akkannavar Sthitaprajnya Panigrahi
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