Jul 24, 2017
Stay calm GST return filing time
Stay calm GST return filing time
For last one week, Goods and Services Tax Network (GSTN) was testing its platform before opening it up to taxpayers today. As per reports, around 80 lakh tax payers have already migrated and this number is expected to go up even further. This would be the testing time not just for GSTN but also GST Suvidha Providers (GSP) and Application Service Providers (ASP).
GSP and ASP: Space for everyone
Appreciating the work done by GSTN, Bodhtree, MD, Rama Krishna said, “A major event has happened. Now what will follow is the aftershock. During the transition, things went smooth. Now, I do not see any major hurdle.” Krishna’s company is among the 34 licensed GSPs recognised by government.
Like other GSPs, Taxmann Technologies also believes that it is ready. Adding to it, Taxmann Technologies’ CEO Piyush Kumar said, “Minor glitches are bound to happen while uploading process. There are so many aspects in technology. The question is not whether there will be glitches but how fast you reconcile it and go ahead.”
At present, there are 34 government licensed GSPs but Cyber CA’s Nilesh Kapadia feels this number is set to double after government opens the next licensing window. From over 200 applications received last year, government selected companies – like TCS, Tally Solutions, Deloitte Touche Tohmatsu India LLP, Ernst & Young LLP, NSDL e-Governance Infrastructure, Bodhthree Consulting, Excellon Software, Taxmann Publication, and Vertex Customer Management India among others – to be GSPs. Some of these GSPs are also ASPs and some GSPs are dependent on ASPs for assistance. For instance, NSDL is availing services of Thomson Reuters’ (ASP) global Onesource determination solution (which is customised for the Indian market).
Explaining the difference between GSP and ASP, Kapadia added, “ASP may have a lot of direct access to intricate purchase and sales data of businesses. So a taxpayer would need to exercise due diligence before using the services of an ASP.” The focus of ASP will be to convert taxpayers’ raw data on sales and purchases into GST returns. Then this data will be filled in GSTN by the GSP.
Kapadia, who is facilitating GST help cell for SMEs in Maharashtra Chamber of Commerce as well as Chamber of Marathwada Industries, further added, “It will be on the taxpayer to make a choice depending on their business complexity and to what extent they need to hire an external ASP or directly go through a GSP for filing their returns.”
There are many ASPs that are aspiring to become GSPs. ClearTax is one of the ASPs that is planning to participate in the next round to become a GSP, stated ClearTax’s Ankit Chaudhary. He added, “We are offering our software for free to tax experts and businesses till September 2017. We have kept Rs 5,000 as the minimum price but we are still contemplating on what the price of the product should be after the free trial period.”
It is believed that the GST era will usher in a whole network of GSPs and ASPs as service providers that will need assistance of chartered accountants and IT professionals. “There is a tremendous opportunity available for IT companies post GST and other compliance that have gone digital,” said Vinod Tambi, co-founder and president of Excellon Software.
Krishna believes the demand for CAs will increase as GSPs and ASPs are eyeing at adding more and more CAs as their client (or service providers) along with corporates, MSMEs and other assesses. Chaudhary added that ClearTax have around 1 lakh CAs in their database and they plan to add more CAs. “In next one year, we hope to have 10 lakh CAs and tax assessees using our services. Every day we have 22,000 assessees registering with us,” added Chaudhary. Everyone has inspiring targets and ways to grow their business. Krishna believes that everyone can have access to at least 10 lakh assessees and still the players can make descent profit. The space is open for at least 70 serious players, he believes.
CAs: Traditional service providers’ new role
A chartered accountant for more than 25 years, Deepak Joshi who works closely with clients in oil sector, believes that GST will allow CAs to move away from these taxation activities. “Now, CAs should consider helping businesses to grow and become advisors to management. There are a lot of constructive activities for CAs than just being a tax facility provider,” Joshi reiterates.
He added, “I have told my clients that I will hand-hold them from 6 months to 1 year. I am training the administration department of the companies (my clients) to carry out the GST function on their own. Over time, GST processes will become automated.” For CAs, who want to continue doing their traditional role of a tax facilitator, will have upgrade themselves, stated Kapadia. He believes that CAs will have to invest time, money and effort in training themselves as well as their staff to be able to render GST related services. Kapadia believes that this would be their opportunity as professionals to develop their service `infrastructure’ as an ASP.
June 08, 2017
Press Meet Announcement –
Bodhtree Consulting is organizing a Press meet on the 8th of june 2017 at Taj Vivanta, Hyderabad. The Management team will address the press.
June 08, 2017
150 nations are on a high alert alongwith India after the dangerous WannaCry ransomware hijacked official data in bulk
It was a regular Monday morning on May 15, 2017. Employees at the West Bengal State Electricity Distribution Company Ltd (WBSEDCL) were in for a shock when they switched on their computers. The screen was red and read: “Oops, your files have been encrypted! Many of your documents, photos, videos, database and other files are no longer accessible. May be, you are busy looking for a way to recover your files, but don’t waste time. Nobody can recover your files without our decryption service. If you want to decrypt your files, you need to pay $300 in virtual currency — Bitcoin. You only have three days to submit the payment. After that, the price will be doubled. Also, if you don’t pay in seven days, you won’t be able to recover files ever. We will have free events for users who are poor and couldn’t pay in six months.”
February 03, 2011
Dr. Reddy’s Laboratories Reengineers Sales Process in the Cloud with Salesforce.com
Salesforce.com and Bodhtree integrate cloud solution with legacy Mail, Calendar, and SAP systems in less than 60 days
DELHI, India, XX February 2011 – Salesforce.com, the enterprise cloud computing company, today announced that India’s second largest pharmaceutical company, Dr. Reddy’s Laboratories, has deployed Salesforce CRM across 200 users within 60 days.
Dr. Reddy’s decided to move its Active Pharmaceutical Ingredients (API) marketing business to the cloud in order to improve visibility into its deals pipeline, track its end-to-end sales cycle and better analyze its sales funnel.
Dr. Reddy’s implemented Salesforce CRM with the help of IT consulting firm Bodhtree, who used its data integration engine Midas to integrate with existing Mail, Calendar, and SAP systems, By streamlining its sales business on salesforce.com, Dr. Reddy’s expects to increase revenue by more than 30%.
Comments on the News
“We eliminated bottle necks within the sales cycle almost immediately because of the greater visibility we gained into sales performance,” said B.V. Srinivas, Deputy CIO, Dr. Reddy’s Laboratories. “Salesforce.com’s ability to seamlessly integrate data captured offline with online systems, is of immense help to our field sales team who need to track and update customer data on regular basis but do not have access to internet connectivity at all times. Salesforce.com delivers all of the benefits of a world-class CRM system within a cost-effective ‘pay as you go’ model, which fits perfectly with Dr.Reddy’s ‘quality without the cost’ ethos.”
Salesforce.com Asia Pacific Senior Vice President for Corporate Sales Lee Thompson</a> said, “Dr. Reddy’s is a prime example of how cloud integration can add value to legacy systems. With cloud computing, there are no hidden costs in terms of hardware, software, or 22% annual maintenance fees. You know exactly what you’re going to pay for, and people just love using Salesforce CRM.”
Salesforce.com is the enterprise cloud computing company. Based on salesforce.com’s real-time, multitenant architecture, the company’s platform and CRM applications (http://www.salesforce.com/crm) have revolutionized the way companies collaborate and communicate with their customers, including:
- The Sales Cloud, for sales force automation and contact management
- The Service Cloud, for customer service and support solutions
- The Jigsaw Data Cloud, for ensuring data integrity and quality
- Salesforce Chatter, for social collaboration
- The Force.com platform, for custom application development
- Database.com, the world’s first enterprise cloud database
- The AppExchange, the world’s leading marketplace for enterprise cloud computing applications
Salesforce.com offers the fastest path to customer success with cloud computing. As of October 31, 2010, salesforce.com manages customer information for approximately 87,200 customers including Allianz Commercial, Dell, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE
Copyright (c) 2011 salesforce.com, inc. All rights reserved. Salesforce and the “no software” logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
August 25, 2010
Bodhtree and salesforce.com Expand Partnership
Bodhtree today announced that it has become Salesforce.com select consulting and implementation partner that will help establish Bodhtree as salesforce.com’s qualified global systems integrators for Salesforce CRM products and technology. Bodhtree will be making significant investments in strengthening its consulting and Salesforce workforce to consolidate and grow its small and midsize client base in the Asia-Pacific and EMEA region. Customers world over can now harness the combined strengths of both companies to take their Sales, Marketing and Finance processes to next level of automation with improved ROI.
Making the announcement Sanjiv Gupta, Chairman, Bodhtree said “Going forward we expect Salesforce CRM implementation projects to add 2 Million USD in revenues for Bodhtree in next 12 months. Bodhtree has made significant headway in the CRM market place as a result of its focus on Salesforce and Force.com technology offerings to customers across Asia-Pacific and in Europe, Middle East and Africa (EMEA).
More than 30 customers in the financial services, retail, healthcare and manufacturing sectors have already benefitted from Bodhtree’s proven expertise in integrating Salesforce CRM and the Force.com platform with existing applications. The expanded partnership builds on this success, helping customers to advance their business application environment by improving commercial processes and integrate customer information from multiple sources to an easily sustainable standard process backed by Bodhtree’s robust CoE for SaaS and Cloud computing infrastructure.
Raghavan VSR Madabhushi, Vice President at Bodhtree said. “Bodhtree is a serious cloud player and our Salesforce consulting will be a key focus area for our long term growth. In the coming days we aim to become Premium partner for Salesforce.com” Currently, over 30 certified consultants work on Salesforce implementation methodology at Bodhtree to deliver high quality solutions at optimal cost and highest ROI. It leads the focused partner list in India with 30 certifications. Certifications is a key metrics that Salesforce.com measures its partners, Bodhtree aims for select level in Q3 for its consultants, and increase its certified consultants to 60 members
Bodhtree (www.bodhtree.com) has niche strengths in building and managing a Business Oriented IT environment with rich experience in technology incubation, Product engineering, Business intelligence, Data Management, SOA Consulting, CRM Consulting, Analytics, Data Warehousing, Share point Consulting, Product engineering and dedicated CoE for SaaS and Cloud computing, Bodhtree is headquartered in India with sales offices in the U.S.A., U.K and APAC countries.
Salesforce.com is the enterprise cloud computing company. The company’s portfolio of Salesforce CRM applications, available at http://www.salesforce.com/products/, has revolutionized the ways that companies collaborate and communicate with their customers across sales, marketing and service. The company’s Force.com platform (http://www.salesforce.com/platform/) helps customers, partners and developers to quickly build powerful business applications to run every part of the enterprise in the cloud. Based on salesforce.com’s real-time, multitenant architecture, Salesforce CRM and Force.com offer the fastest path to customer success with cloud computing.
Media Contact for Bodhtree
April 19, 2010
Midas Offers Single Click Integration of Salesforce with Rest of Enterprise Applications
Hyderabad, India – April 19, 2010 – Bodhtree a leading provider of Innovative Consulting and Technology today announced availability of its easily customizable Midas (Multi Industry Data Anomaly Solution) on Salesforce.com AppExchange to provide Salesforce customers significant cost benefits and solve their data integration challenges in any environment effortlessly. This relationship will also help Bodhtree tap over 60,000 potential Salesforce.com customers in US, MENA and Asia Pacific Region and rapidly expand Midas customer base.
More than 40 companies are relying on Midas globally to solve their Data Integration (DI) and cleansing complexities. With Midas Salesforce AppExchange listing customers can now integrate Salesforce CRM and On-Premise ERP applications such as SAP, Oracle and rest of Enterprise applications. It will also help data integration and data anomaly problems by removing the noise data among Salesforce objects such as contacts, leads, prospects, in CRM databases.
Making the announcement Sanjiv Gupta, Chairman, Bodhtree said there is an increasing demand in the new and emerging markets for data integration solution with more customizable features and support for integration with other applications. Midas is targeted to address this demand. It is flexible, easily customizable and designed to bring substantial cost benefits to Salesforce and other user community. It will also enable us to demonstrate our Salesforce success story in the areas of application integration, data quality and data cleansing between Salesforce CRM and On-Premise applications.
Raghavan VSR Madabhushi, Vice President at Bodhtree said. “It is a win-win relationship for Midas and Salesforce, Customers now need not be concerned with data security in data and application integration challenges anymore as Midas enables a secured integration engine for Salesforce CRM applications users effortlessly.”
Midas offers multiple user options for customers such as Integration as service SaaS, On Premise and as Turn-Key Solutions.
Bodhtree has niche strengths in building and managing a Business Oriented IT environment with rich experience in technology incubation, Product engineering, Business intelligence, Data Management, SOA Consulting, CRM Consulting, Analytics, Data Warehousing, Share point Consulting, Product engineering and dedicated CoE for SaaS and Cloud computing, Bodhtree is headquartered in India with sales offices in the U.S.A., U.K and APAC countries.
Media Contact for Bodhtree
March 29, 2010
Bodhtree Taps Middle East and North African healthcare market to boost global data cleansing services business
Expects to broaden new partnerships and customer wins
Hyderabad – March 29, 2010 – Bodhtree Consulting Limited, (www.bodhtree.com) an IT Services Innovator, Data Management and Integration Company announced its entry into the Middle East and North African Healthcare Market to expand its global data cleansing services business. The Middle East Healthcare Sector is estimated to be worth US$60 billion by 2025 as the need for investment in facilities and services is growing at a rapid pace.
Making the announcement Sanjiv Gupta, Chairman of Bodhtree said, with its population aspiring to have access to quality healthcare, MENA is a very exciting market for us and we are committed to establish our Midas solution in the region. Our target is to emerge as a global healthcare data cleansing service provider. Midas adoptions in Global regions like APAC, US and in Europe have been encouraging and we hope to consolidate this growth with addition of these new markets.”
Midas offers data cleansing, standardization, categorization of healthcare data and has a formidable brand presence across the globe and our specialized portfolio of healthcare services like contract management systems; spend management, revenue management and data integration and data analytics will reach out to healthcare organizations in MENA region.
Bodhtree currently provides services to over 300 clients that represent major clients from healthcare and Lifesciences. Midas is deployed by many Fortune 250 and Forbes 200 clients for their Data Management Services, Spend Management Services and Business Intelligence Solutions.
“There is growing need for best in class data cleansing and healthcare services in MENA region. We are confident our success rate of Midas deployment in other countries will help us grow our business in the region and address these markets requirement of constant optimization attention and innovation successfully. Head of SOA-DW of Bodhtree, Raghavan VSR Madabhushi said.
The MENA healthcare sector seems to be very promising and is poised for rapid growth in coming years.
Bodhtree (www.bodhtree.com) has niche strengths in building and managing a Business Oriented IT environment with rich experience in technology incubation, Product engineering, Business intelligence, Data Management, SOA Consulting, CRM Consulting, Analytics, Data Warehousing, Share point Consulting and Product engineering, Bodhtree is headquartered in India with sales offices in the U.S.A. and the U.K.
Media Contact for Bodhtree