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Oracle introduces GST-compliant ERP Cloud in India

IANS  |  New Delhi 

In compliance with the government's GST regime, US-based tech major Oracle on Tuesday announced the availability of Enterprise Resource Planning (ERP) Cloud in India that will boost the transformation of digital economy and prepare the country for transformational tax reforms.

"It is incredible that GST was passed in March and will be effective from July. So in line with Prime Minister Narendra Modi's vision of Digital India and Make in India, we are launching ERP Cloud here," Safra Katz, CEO Oracle, told reporters here during the two-day Oracle OpenWorld (OOW) event here.

"With ERP cloud, you can streamline your enterprise business processes, procurement, project portfolio management and more and you can increase productivity, lower costs and improve controls," Katz added.

She stressed that government and businesses should move to Cloud as it would allow them benefit from economy, deploy resources faster and at low cost, and allow them deploy previous resources back in business scene.

Over 50 per cent of large enterprises globally will have hybrid cloud arrangements by the end of 2017.

Emphasising on the digital transformation of India by leveraging the mobile phone technology, Katz noted that the use of smartphones by Indian youth was a gateway to digital economy.

"Digital India is the only way to make the government accountable and aligning everyone in a same direction," Katz added.

Doug Hugges, company's Vice President for Product Management, said that security for any organisation should be paramount when moving to Cloud.

"Data security for any organisation should be top priority. ERP cloud ensures data security for the organisation that move to cloud," Hugges told IANS on the sidelines of the event, adding that it is a hard decision to move to Cloud but that is what the enterprises and businesses should do.

Katz added that Oracle had been in India since decades and is a truly American-Indian company.

"We have a special focus on empowering women, girl education, fighting cancer across country and others. Yet that is not enough. We have more to do in this country," Katz added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, May 09 2017. 12:50 IST