Addressing a gathering of 12,000 attendees, which included technology partners, analysts and heads of state such as Maharashtra Chief Minister Devendra Fadnavis, at Oracle OpenWorld, CEO, Safra Catz, said that India is at an “amazing moment” in terms of sociological factors such as a high concentration of youth as well as efforts taken by the government to use technology more.
“My last visit with PM Narendra Modi changed the way I looked at India and my views about the country,” she said.
Oracle has been present in India for more than two decades, providing database technology that forms the backbone for many commercial transactions.
It was during that visit when Modi urged Catz to do more for Indian citizens – which could unleash the power of people’s ideas, Catz said.
In an effort to simplify the tax regime in India and to ensure higher compliance with tax laws, Oracle’s ERP solution aims to provide support for GST Network integration, statutory reporting, payment processing, among others. In the GST regime, companies will have to upgrade their ERP systems.
‘SARAL GST’
Apart from Oracle, a week ago, Reliance Corporate IT Park, a subsidiary of Reliance Industries Ltd, has signed an MoU with Oracle rival SAP to launch ‘SARAL GST’ a solution for taxpayers to be GST compliant and access the government’s GST System.
Analysts welcomed this move. “It will open up opportunities for software and hardware but the core theme should be on simplification which would benefit an end user,” said Sanchit Vir Gogia, CEO, Greyhound Research.
Source: The Hindu Business Line