IT major unveils GST-compliant ERP Cloud

“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. 

“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.