In this small publication we want to guide you through
the multinational corporate ERP selection and implementation phase, where we
use real case studies of our international ERP consulting practices:
1. Corporate ERP at US Headquarters
Here you often have little room for change, because
your organization may have invested a few or even years ago for an intermediate
accounting application and everyone is happy with this historical choice. In
our example, we assume that your company’s ERP is Microsoft Dynamics GP,
previously known as Great Plains Dynamics or enterprise. Let’s assume that
Great Plains is in production and you have a strong number of FRx financial
statements to cover the Financial and Managerial Accounting versions of the
Balance Sheet, P&L, Cash Flow Statement with the consolidated version
2. Overseas manufacturing facilities.
Let’s assume that you acquired a company in Brazil,
the Sao Paulo area if now you need to apply a local accounting application. The
first idea might be the following – we have already purchased a Dynamics GP
license, why don’t we add a new company to our current Great Plains
installation and are our operations in Brazil recorded there? Well,
theoretically you can do that, but there are a few things to consider. First, you
must be aware of the ERP you choose is translated into Brazilian Portuguese,
and second – is your ERP compliant with Brazilian law? If you do your research,
call the Microsoft Dynamics subdivision, you will get the answer. Instead,
Microsoft might recommend … READ MORE ...
Being able to exercise financial discipline and understanding how investments work are important life skills. And an early start could hold the key to a secure financial future. Even minors can get a taste for investing through a demat account. Age is no obstacle, for one does not have to be 18 years old to open demat account and start investing.
to open demat account for minor
While a minor can
hold a demat account, it must be opened by their guardian (either a parent or a
court-appointed legal guardian). The guardian operates the account on behalf of
their young ward.
The account opening
process is quite standard, but there are some deviations. For starters, not all
depository participants (DPs) provide demat accounts for minors. So, one should
check if the facility is available. Next, upon choosing a suitable DP, the
following documents must be submitted to them:
account opening form, duly filled in
Know-Your-Customer (KYC) forms for minor and guardian
proof of minor
card and address proofs of both minor and guardian
The application form
and other documents can be submitted online or offline. Certain account opening
fees will apply, although the charges tend to vary across DPs. Following
receipt of the documents, the DP will verify the application. Once the
processing is complete, the account details will be issued.
of demat account for minor
A minor can hold a
demat account provided certain conditions are met:
account must be opened
… READ MORE ...
There is great competition in every business today
which traditionally conducts international trade is very difficult. For that,
we need a very large investment of time and money. In the beginning,
international trade in small businesses was almost impossible due to lack of
resources, only large businesses were involved in international business.
Today, the internet has brought drastic changes to the business scenario. With
the help of information from the B2B portal today not only big businesses but
small businesses also carry out international trade. These portals offer
international trade services at economical prices. The resources needed to do
business through online trading portals are very few.
B2B trading is a transaction between a business and
its volume is higher so every trader must be careful about safe trading. To get
international trade from the online Business to Business portal, you must
register and post-trade leads. The online trading portal offers various
membership options such as free membership and premium membership. Premium
members are listed at the top and often get more business than others.
Employers must upload all information on the portal. After the information is
uploaded, the information remains there for a long time as needed. This means
the effort needed to maintain an online presence on these sites is also
lacking. Businesses can also update their information from time to time if
People from all over the world market can see company
products, company information, and place orders online. Buyers can also ask
… READ MORE ...