Employee Turnover or attrition is the reduction in the number of employees which is caused because of retirement, resignation or death of the employee. Depending on the nature of business, Rate of turnover may vary. There are varied reasons for an employees to leave an organization like he may be getting higher job position in some other company or he may want to change his profession or he may leave an organization for higher studies, etc. One in four employees in the organized sector in India is set to switch jobs, the highest attrition rate globally, according to a Hay Group study. Organizations in India need to seriously give a thought what drives employees to stay with company for as long as possible. A recent mercer survey tells us that no fewer than 54% of Indian workers are seriously considering leaving their jobs. It is no wonder workplaces everywhere are obsessed with employee engagement. Employee engagement program in a company somewhere plays important...

Human Resources Rajesh Poojary VP  – International Business SAVIC Technologies  Insight from Integration with SAP® RealSpend and SAP Financial Statement Insights Use new integration with the SAP® RealSpend solution and SAP Financial Statement Insights Web application to enjoy real-time understanding of your forecast while visualizing profit-and-loss account group balances. You can now layer planned future expenses over existing financial information and tag expenses for new dimensions of analysis. Armed with easy-to-access insights, you’ll have a better picture of your financial situation and be able to uncover trends and hidden irregularities behind aggregated key performance  indicators. Lease Accounting Get structured insights into lease payments, duration, timing, and uncertainty of cash flows with direct finance integration with the new International Financial Reporting Standards–compliant expense lease accounting in the SAP Real Estate Management app...

Unlock the next wave of productivity with the latest release (1610) of  SAP S/4HANA ®. Our next-generation ERP suite offers immediate insight, intelligence for better decisions, and integration within your organization and beyond. It provides the digital core  you need to succeed in today’s digital world. Built on SAP HANA®, our industry-leading in-memory computing platform,  SAP S/4HANA  can help you transform your organization, delivering a customized product or service to an audience of one, at global scale. Highlights include: •      Increased integration between the SAP S/4HANA Finance solution and business networks Integrated business planning and real-time consolidation Advanced available-to-promise (ATP) enhancements including sophisticated back-order processing Production planning and detailed scheduling and extended warehouse management within the digital core to simplify your landscape Explore the highlight...

Goods and Services Tax - the upcoming revolutionary tax reform will bring unparalleled changes across all industries. As a market leader in enterprise applications - SAP is ready to empower businesses with customized industry specific solutions ensuring a smooth GST implementation. Retail /E-com /FMCG  GST is expected to benefit the Retail and FMCG sectors due to the efficiency released from supply chain consolidation. Transportation / Warehousing / Logistics  GST will bring in consolidation of storage and redistribution of transportation volumes. Discrete Manufacturing / Auto GST will enable strategic inventory placement, achieving higher customer SLAs Professional Services GST is expected to lead to increased taxation on services sector, leading to services becoming more expensive. Chemicals and Pharma  These sectors are likely to gain immensely from the supply chain efficiencies that will be enabled by GST. M...

The Government of India is planning to roll out GST from 1st of July, 2017 as per the latest update. Based on the draft Model GST law SAP has started releasing Notes for DDIC changes, Screen Changes, Master Data and transaction data. The proposed GST India Development roadmap is available in the GST JAM page – https://jam4.sapjam.com/groups/zSb4pcqj7KwVE2vDu3HFLV/content?folder_id=T6F5GbeIJsnV4E2glGOVPx To get access to this SAP Jam group, please send a request to indiagst@sap.com . Do not request via the comment function in this blog and do not publish any private information (like email addresses and S-User information). The note contains information based on the Model GST law currently available in public domain. The information offered is subject to change without prior notice due to factors outside/beyond the control of SAP. This version of the note contains a soft switch which customers need to modify in order to test in their systems (refer to SAP Note ...

Need for TAXINN TAXINN procedure is the prerequisite for GST implementation. Hence, companies using TAXINJ tax procedure need to migrate to TAXINN tax procedure and then GST has to be implemented. While TAXINJ is formula based, TAXINN is condition based. A standard routine (set of specific standard coding) is used in the formula based TAXINJ tax procedure for tax calculation purposes. Whereas, conditions are used in the TAXINN tax procedure.   Migration from TAXINJ to TAXINN The migration from TAXINJ to TAXINN includes: Preparation on affected scenarios mostly in Sales and purchase, required system configurations, methodical testing, changes in master data, correcting ABAP objects, and conversion of open purchase related documents. In SD all pricing procedure rate determination should also be converted to access sequence levels, from current set up, which is working based on tax codes (VAT, CST, Service Tax). SAP has also given a specific tool to convert the op...

GST Implementation is around the corner and companies waiting for the government’s final decision on GST rollout. These centres will engage with micro, small and medium enterprises (MSMEs) and showcase SAPs solution portfolio for GST. SAVIC Technologies have built a SAVIC GST solution centre to help our customers adopt technical and functional changes of GST. Our SMEs can help you understand the key areas of impact to your business model and prepare different scenarios for the design and application of GST. GST Solution Providers in India are helping businesses to get ready with GST implementation. SAP has one of the best GST Software Solution in India which is reliable, scalable and secure. A pre-packaged solution with fixed timeline that ensures organization to be prepared well in advance for transition to a GST compliant system. Analyze the simplicity of GST Starter Pack for seamless transition. GST Solutio...

Enterprise application software maker SAP is setting up 30 centres across 13 Indian cities to help small and medium businesses to become compliant with GST. SAVIC Technologies have built a SAVIC GST solution centre to help our customers adopt technical and functional changes of GST. Our SMEs can help you understand the key areas of impact to your business model and prepare different scenarios for the design and application of GST. Enterprise application software maker SAP is setting up 30 centres across 13 Indian cities to help small and medium businesses to become compliant with GST. "With the implementation deadline of July 1 for GST law fast approaching, we wanted to ensure fast-track readiness for MSMEs," SAP India Head Strategic Solutions Neeraj Athalye said. These centres will engage with micro, small and medium enterprises (MSMEs) and showcase SAP's solution portfolio for GST, he added.      

The Goods and Services Tax (GST) Council has decided rates for around 1,150 items out of the total of 1,211, Finance Minister Arun Jaitley said on Thursday. The rates for remaining goods will be discussed and finalised on Friday, he said. Here’s a breakup of the goods falling under various tax slabs... 43 percent items are under the 18 percent tax rate.19 percent fall under the 28 percent tax rate.17 percent are in the 12 percent tax bracket.14 percent items fall under the 5 percent tax rate.7 percent items are on the exemption list.  Sugar, tea, coffee, sweets and edible oil will fall under the 5 percent tax bracket, said Hasmukh Adhia, revenue secretary, Ministry of Finance. Coal will also be taxed at 5 percent as opposed to the current incidence of around 10 percent. Goods such as hair oil, toothpaste and soaps will fall in the 18 percent category. All capital goods and industrial intermediates will also fall in the 18 percent bracket and this will help bring down inflat...

Focused mainly on fitment of goods under slabs, discussed and approved: 7 GST rules while legal committee is looking at remaining 2 (Return & Transition) Rules.  Tariffs for about 1211 items was finalised 81% of the items will fall up to 18% rate slabs. Only 19% of the goods above 18%. Common man items have gone into 12% & 18% slab.  Indians sweets or mithai will fall under 5% slab. Coal to be taxed at 5% against 11.69% currently. All raw food items, including food grains to be exempt. Processed food of daily needs to be in the 5% slab.  Sugar, Tea, Coffee (except Instant) and edible oil to fall under 5% slab, while cereals, milk to be part of exempt list under GST. Tooth paste, hair oil will be taxed at 18% against 28% currently.  In a big boost to industry, Council has set the rate for capital good, industrial intermediate items at 18% Note:GST Council will meet again tomorrow and discuss the rate slab for important goods like gold, bee...

Minister of State for Finance, Santosh Kumar Gangwar,on Friday, informed the Parliament that the the government has sanctioned Rs 2,256 crore outlay for project Saksham, which will strengthen the information technology network for the new GST regime. Minister of State for Finance, Santosh Kumar Gangwar,on Friday, informed the Parliament that the the government has sanctioned Rs 2,256 crore outlay for project Saksham, which will strengthen the information technology network for the new GST regime. ‘Saksham’ is the name given to CBFC’s IT Infrastructure Project, which enables the application of Goods and Services Tax (GST), as well as it will provide assistance to existing services in Customs, Central Excise and Service Tax. Gangwar added that the Project Saksham will also facilitate expansion of the Indian Customs' Single Window Interface for Facilitating Trade (SWIFT) and other taxpayer-friendly initiatives under Digital India and ease of doi...

“GST has opened up opportunities for businesses in over 160 countries and helped them move beyond the physical constraints to expand exponentially by harnessing digital prowess, “said DS Rawat, secretary general, Assocham. The roll-out of the new GST government will make it necessary as a result over 51 million SMEs in India to consider reinvesting or redefining their business processes. GST will change the India does a business. India is having a huge population so the estimated invoices uploaded on GST will be three to five billion every month. And over 40% transactions will be process through SAP system. So the SAP consultants need to ready for the GST implementation. Goals: Understanding GST and impact in SAP system of customers TAXINJ Estimating work involved to migrate SAP system of customer from TAXINJ to TAXINN Learning configuration steps involved in implementing TAXINN and activating the same Understanding SAP tool usage ...