Business technology major Oracle has launched ERP Cloud for enterprise users in India to prepare for the country’s tax reforms.
Oracle ERP Cloud has several features for Goods and Services Tax (GST) regulations, offering support for GST Network integration and reporting, and local requirements including withholding, payment processing, and statutory reporting.
Oracle CEO Safra Catz announced the expanded availability of Oracle ERP Cloud during her keynote at Oracle OpenWorld in New Delhi.
Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions per day.
Certified Oracle ERP Cloud consultants from Oracle partners, including Clover Infotech, Deloitte, Filix Consulting, KPIT, KPMG, and PricewaterhouseCoopers, are engaged with customers.
Oracle ERP Cloud will enable Indian enterprises to leverage the GST process changes, including tax calculations, liability accounting, recovery, settlement and reporting.
“We expect this trend to grow in India as customers can now take advantage of Oracle ERP Cloud’s comprehensive tax management capabilities, fully integrated with core ERP functions, to help make better business decisions and address regulatory changes driven by the new GST,” said Safra Catz, CEO of Oracle.
Damini Juyal
editor@infotechlead.com
