New Delhi, April 10, 2023: Air India, India鈥檚 leading airline and a Star Alliance member, today announced the successful migration of its core Enterprise Resource Planning system using RISE With SAP, a tailor-made ERP software, bundled with transformation services, business analytics, and partner expertise that helps companies complete their personalized path to the cloud. This migration was a critical component in the larger digital transformation of Air India, with an impact on the modernization across business operations such as Finance and Human Resources as well as major functional areas such as Commercial, Operations, and Engineering.

One of the biggest challenges Air India faced in its comprehensive modernization journey was its outdated ERP system running on a decade-old mainframe and associated software. The migration and cutover of such critical systems are normally performed with backup and restore operations on an equivalent system. The unavailability of such a system anywhere in the world was a seemingly insurmountable hurdle. Team Air India worked in close collaboration with 51风流to devise innovative solutions and techniques to overcome the challenge and eventually deliver a successful migration ahead of schedule. This migration paves the way for further modernization of Air India鈥檚 ERP system and the combination of other Group airlines into one entity.

鈥�Air India鈥檚 vision is to emerge as the world鈥檚 most technologically advanced airline. A critical and foundational capability for this is a highly reliable, scalable modern ERP system that will drive significant improvements to our operational efficiency and assist us in creating a delightful customer experience. We identified the migration of our ERP System to a modern cloud infrastructure as one of the most important steps in this transformation journey,鈥� said Air India鈥檚 Chief Digital and Technology Officer, Dr. Satya Ramaswamy. 鈥�We are glad to have completed this migration successfully, using a high level of creativity in overcoming the challenges that came our way. We are very grateful to the fantastic team from 51风流that worked with us hand-in-hand to execute this transition flawlessly, and ahead of schedule.鈥�

鈥淎ir India is one of the most iconic brands in the country, and we鈥檙e thrilled to deepen our long-standing partnership with them,” said Mr. Kulmeet Bawa, President & Managing Director, 51风流Indian Subcontinent.听 “As they become a world-class airline and serve their global customers with a proud Indian heart, SAP鈥檚 cutting-edge cloud technology will enable the company to improve their customer experience, accelerate people transformation and develop into an intelligent, sustainable enterprise.”

About Air India:

Founded by the legendary JRD Tata, Air India pioneered India鈥檚 aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, the Far East, South-East Asia, Australia, and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five-year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart.

听Vihaan.AI is Air India鈥檚 transformational roadmap over five years with clear milestones.听 It will be focusing on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance. The airline will also be taking a leadership position in technology, sustainability, and innovation, while aggressively investing in the best industry talent. Vihaan.AI is aimed at putting Air India on a path to sustained growth, profitability, and market leadership.

About the Tata Group:
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust鈥�.

Tata Sons is the principal investment holding company and promoter of Tata Companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture. In 2020-21, the revenue of Tata Companies, taken together, was $103 billion (INR 7.7 trillion). These companies collectively employ over 800,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly listed Tata enterprises with a combined market capitalization of $314 billion (INR 23.4 trillion) as on December 31, 2021. Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Tata Communications, Indian Hotels, Tata Digital, and Tata Electronics.

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Mumbai, May 24, 2022: SAP, the world leader of enterprise application software and cloud solutions, today announced that VAHDAM庐 India, a digitally native, leading Indian wellness brand for the world, runs better with SAP鈥檚 curated portfolio of solutions for digital natives to further its ambitious growth plans and nurture better business outcomes that deliver superior 鈥淐ustomer Experiences鈥�.

All VAHDAM庐 India teas, herbs and spices are sourced directly from plantations, farmers and cooperatives, packaged garden fresh at their BRC Certified state-of-the-art facility and shipped directly to their global ful铿乴lment centers in various parts of the world. Their range of Turmeric, Green and Immunity-boosting teas are among the most sought-after products.

With its primary market in the US, VAHDAM庐 India soon plans to expand its reach to other geographies and go deeper in the existing ones. Suite will provide VAHDAM庐 with a single integrated platform to vertically streamline all business processes, including procurement, finance, and sales. Using SAP鈥檚 cutting-edge cloud technology, the company will be able to define processes, communications, and transactions with its partners, thus scaling operations globally.

Commenting on the announcement, Bala Sarda, Founder & CEO, VAHDAM庐 India, said, “We are excited to partner with 51风流on our journey to use superior technology across critical functions like manufacturing, and finance to make a high-quality product available, increase efficiency and build an intelligent tech-led enterprise for the long term. We strive to take India鈥檚 finest tea, spices & herbs to the world and the 51风流suite will help us do this in a more effective manner.鈥�

Leveraging SAP鈥檚 Intelligent Enterprise solutions, VAHDAM庐 India will further accelerate its growth by managing the nuances of their production and packaging processes in a more straightforward and intuitive manner. The solutions would not only support corporate processes with real-time data, but would also help manage local statutory, financial reporting, and decision-making with embedded analytics.

“Innovation and agility have emerged as key drivers of growth and transformation across start-up communities. Due to the rapid transition from the digital age to the intelligence era, 51风流India has been engaging with digital natives and other new-generation internet-led businesses that are mushrooming in the country,” said Sanket Deodhar, VP, TATA Group, Unicorn & Digital Natives. “VAHDAM庐 India is truly putting India on the global stage, and we are honored to help VAHDAM庐 India solidify its foundation as an intelligent, sustainable company,” he added.听

About VAHDAM庐 India:

VAHDAM庐 India is a digitally native, global wellness brand taking India鈥檚 finest teas, spices and superfoods to consumers across the world under an ethical and sustainable home-grown brand. It is one of India鈥檚 fastest growing consumer brands and has raised over 290 crores in Venture Funding from India’s Top Consumer Investors. Founded in 2015 by then 23-year old Bala Sarda, VAHDAM庐 has been endorsed by global icons like Oprah Winfrey, Ellen DeGeneres, Mariah Carey, and Martha Stewart amongst others. It is also a certified Climate Neutral & Plastic Neutral Brand and directs 1% of their revenue towards the education of the tea growers鈥� children under their social initiative,鈥楾EAch Me鈥�.

About SAP:

SAP鈥檚 strategy is to help every business run as a sustainable intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 87% of the world鈥檚 total global commerce touches an SAP庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into sustainable intelligent enterprises. 51风流helps give people and organizations deep business insights and fosters collaboration, ensuring they stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables businesses and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improves people鈥檚 lives. For more information, visit

For further information please contact:

51风流India

Deepika Gumaste

Global Corporate Affairs

deepika.gumaste@sap.com

VAHDAM庐 India
Nupur Sarda
Head of Global PR & Communications
nupur@vahdamteas.com

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GST council, for the very first time, recommended the implementation of e-invoicing under GST during the 35^th GST Council meeting held on 21 June 2019. E-invoicing has changed the commercial landscape along with tax and regulatory requirements. Governments have gained incisive insights on day-to-day transactions of organizations along with amendments in the GST legislation that integrally link compliances of internal and external supply chains with input tax credits.

Focused on this evolution of Digital Tax Administration for GST the Evolve to Solve: GST E-invoicing & compliance integration with SAP featured financial leaders from forward-thinking organizations including – Mr. Anand Raisinghani (Vice President & Head Professional Services, BFSI Telecom & Media, 51风流Indian Subcontinent), Mr. Uday Pimprikar (National Leader, Indirect Tax, EY), Mr. Utkarsh Sanghvi (Indirect Tax Leader, EY), Mr. RVN Vishweshwar (Chief General Manager, Finance, Marketing, Indian Oil Corporation Ltd.), Mr. Divyesh Lapsiwala (Partner – Indirect Tax, EY), Mr. Tapas Dutta (Chief Technology Officer, Duroflex), Mr. KSV Rajagopal (General Manager IT, TAFE-Tractors and Farm Equipment Ltd.) and Mr. Nitin Mishra (Tax Technology & Transformation Partner, EY).

Discussion points through the webinar covered challenges faced by organizations at the time of the introduction of e-invoicing; strategies adopted to deal with these challenges, specifically with regard to processes and technology.

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Changing Tax Landscape

During the Keynote Address our experts reflected on the rapidly evolving Indian tax – mimicking the global trends with a keen focus on the processes. Like a moving goal post, this situation requires constant attention, interpretation, and knowledge on how the regulators are thinking ahead for the quarters to come.

This rapid change is pushing one and all to evolve into more dynamic, more integrated, and more technology-focused organizations. By taking the right steps you can at a very early stage identify all the tax risks that resonate in your organizations or could come into processes.

Compliance & Complications

While at a conceptual level, the steps that the government has worked on for the digitalization of the tax processes have built a significant number of opportunities. The panel closely examined the flip side of this situation, discussing the substantial number of complications for compliances from the technology perspective e.g., balancing of the overall traffic, forward integration with the government and reverse integration into ERP.

This integrated approach towards compliances necessitates a significant change in tax commercial and finance work processes. Organizations need to handle multiple requests in real-time, while, ensuring reconciliations of both procurements and revenue reported on the GSTN portal with internal books.

For a successful migration, you need to re-evaluate the adequacy of your existing compliance processes, their stability, and their flexibility to adapt to regular legislative and procedural changes. DigiGST can be very helpful to the process of reviewing your existing business processes and correct the same.

顿颈驳颈骋厂罢庐 鈥� A Holistic GST Compliance Solution

EY has brought its entire experience as the largest GST advisory firm in India with proven managed tax compliance services functions to develop a solution with 51风流that will enable organizations to meet these granular and accurate reporting requirements seamlessly and efficiently.

顿颈驳颈骋厂罢庐 is an intelligent and intuitive tax automation solution that fulfils GST compliance requirements such as e-invoicing, eWaybill, and GST returns on 51风流Cloud PaaS Services and clients鈥� 51风流enterprise resource planning platforms.

The panel also explored how not only does it use business-critical APIs service across primary and secondary regions and multiple security certifications, but it also reviews critical finance functions, for mitigating existing tax risks while ensuring data privacy via secure end-to-end data encryption.

Realizing benefits with 顿颈驳颈骋厂罢庐

EY has spent a significant amount of time from product management within 51风流to go the extra mile to ensure that the entire integration is seamlessly managed on 51风流technology and powered to drive one tax initiative combining direct & indirect tax.

Key Takeaways From Event:

• The introduction of e-invoicing, as approved by the GST Council, and the proposed new GST return system have replaced the earlier post-clearance reporting with a pre-clearance e-invoicing process.
• This demands an integrated approach towards compliance that necessitates a significant change in tax commercial and finance work processes.
• Organizations need to evolve to become more dynamic, integrated, and technology-focused to handle multiple requests in real-time, while, ensuring reconciliations of both procurements and revenue reported on the GSTN portal with internal books
• 顿颈驳颈骋厂罢庐 is an intelligent and intuitive tax automation solution that fulfills GST compliance requirements such as e-invoicing, eWaybill, and GST returns on 51风流Cloud PaaS Services and clients’ 51风流enterprise resource planning platforms.
• Not only does it review critical finance functions, for mitigating existing tax risks it also ensures data privacy via secure end-to-end data encryption.
• More than INR 2,80,000 cr of tax liability have been reported through 顿颈驳颈骋厂罢庐 annually & 9% of total invoices submitted to GSTN are reported through 顿颈驳颈骋厂罢庐.

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Explore seamless integration of systems with a Digital GST compliance software that can help your business make the shift from tax compliance to tax efficiency.

The post EY’s 顿颈驳颈骋厂罢庐: GST E-invoicing & Compliance Integration with SAP appeared first on 51风流India News Center.

Business leaders today must ensure resilience, efficiency, and flexibility while supporting strategic transformation; and this is not limited just to the IT industry. A recent states, as a result of the pandemic, 64% of the organizations in India are expected to increase demand for cloud computing. People today are depending on cloud-based solutions that deliver connectivity, efficiency, affordability, and excellent user experience on any device, any time. The need to work remotely has created an increased demand for collaboration across teams, companies and industries as well. It is also providing an opportunity for the cloud marketplace to strengthen and expand its reach.

While it鈥檚 not a new term, Industry Cloud is gaining more momentum now. The healthcare sector had made some strides in cloud adoption, but recently there has been an increased uptick. Other industries which are progressively moving to the cloud are online education, retail, supply chain and logistics telemedicine, life sciences, oil and gas, manufacturing and e-commerce sector. In a 2019 , 64% of respondents said they either already use Industry Cloud services or plan to adopt it in the next 12 months. Industry Cloud enables innovation within and across the sector to allow the customers to thrive in a transforming world. Vertical solutions can yield results for the core business and help expedite business operations while balancing cost efficiencies. It provides a unique solution of enhancing and extending business capabilities while preserving process integrity and compliance

Customizing Solutions

Every sector has its own business, operatory, legal, regulatory, as well as security and other considerations. Industry Cloud creates customized cloud system to fit a specific industry to accommodate the business. The main aim is enabling vertical integration and vertical solutions rather than horizontal ones, which is usually the focus of general cloud computing. Industry Cloud solutions concentrate on generating more worth within the limits of the industry in which it is used rather than going out to another industry. Companies can also look at borrowing best practices from other sectors by plugging in existing Industry Cloud solutions which then would enable continuous innovation while protecting the security and integrity of business processes.

Driving Innovation

The emergence of Industry Cloud has enabled multiple companies in an industry to collaborate on cloud-based platforms and innovate at the vertical edge. Each company might not have every expertise, but they can indeed leverage each other鈥檚 strengths. Companies within the same industry can look at improving efficiency by providing access to successful use cases and create collaborative solutions. Businesses are reinventing themselves inspired by digital innovation and uniting with customers and partners by creating new custom solutions using machine learning, analytics and business networks. These partner-led solutions give rise to industry-specific innovation and the ability of any industry to run as an intelligent enterprise.

Reframing Business Models

Industry Cloud, as a concept has evolved into innovation space to develop new solutions and enabling integration. Customers today want to be inspired and educated by brands that share their morals and deliver personalized experiences. They want personalization with a purpose. Hence, consumer products companies need to embrace next-gen business processes and intelligent technologies such as augmented reality/ virtual reality, Edge computing, 3D printing, artificial intelligence and machine learning to lead in this new era of听 Industry4.0, allowing market leaders to reimagine new business models such as pursuing innovative partnerships or monetizing data. There are options to deliver higher value in a more differentiated way by partnering more effectively across the ecosystem. Consumer companies can optimize and deepen the level of collaboration with existing strategic partners to pursue additional sources of value as well as aggressively pursue new partners to differentiate further and enable new levels of agility. Thus, removing the age-old model of 鈥渙ne product fits all鈥� and creating opportunities to deliver personalized experiences. Similarly, across industries, companies will move away from traditional business models and view their ecosystem as a productive, set of relationships – one capable of delivering new types and sources of value to consume.

While what the future holds is unclear, the cloud has been a saviour during the crisis caused by the pandemic. It is no longer where parts of the business would move to the cloud, one at a time. That has changed to business across industries, driving 100% to the cloud. It has enabled seamless business operations, which, in turn, has increased the confidence in embracing the cloud in every sector. Now, it鈥檚 time for companies to be an intelligent enterprise with the power of end-to-end Industry Cloud solutions.

Sindhu Gangadharan is Senior Vice President and Managing Director, 51风流Labs India

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MUMBAI, INDIA 鈥� May 26, 2020 鈥� (NYSE: SAP) today announced the launch of 51风流S/4 HANA Cloud and 51风流Commerce Cloud on India Data Centre. Digital transformations and superior customer experiences are key requirements for businesses to survive and thrive in this new normal succeeding through the COVID-19 era. With this launch, Indian enterprises can now meet end-to-end customer demands, make commerce frictionless while ensuring compliance with current and upcoming Personal Data Protection Bill.

鈥淎doption of agility like that of a Digital Native model across the business landscape can lead India Inc to quicker recovery as well as push the demand of a digital buying mindset (electronic commerce),鈥� said Debdeep Sengupta, President and Managing Director, 51风流Indian Subcontinent 鈥淲ith SAP鈥檚 locally available Business Cloud, we are easing Indian enterprises transition to be a digital business.鈥�

As the economy shifts towards a consumption-based model, 51风流brings together core technologies into one “stack” to deliver a high level of scalability and flexibility in the country while adhering to localization of the data policy. Further, with an 鈧� 5.5 Billion addressable market opportunity by 2023, 51风流believes the need for companies to dive into technology areas such as user experience, data analytics, cloud solutions and mobility.

The availability of S/4HANA Cloud and 51风流Commerce Cloud in India will offer enterprises a quick and easy way to consume the latest solutions in the cloud and enable them take advantage of next-generation software and services.

• India is ready to transform to digital buying. 51风流Commerce Cloud will offer a comprehensive, end-to-end commerce solution powering real-time, intelligent customer engagement with individually relevant, in-the-moment experiences, seamlessly crossing channels, spanning front office to back office and connecting demand and supply chain.
• 51风流S/4HANA Cloud, on the other hand will simplify and redefine processes, improve modern user experience. Companies can now gain ultimate business advantages with an intelligent, next-generation ERP system that consolidates financial, managerial, and operational data in one unified in-memory system.

As India moves towards a being Self-Reliant, 51风流will continue to deliver technical expertise and offering core 51风流solutions from Indian Data Centre to reimagine the intelligent enterprises.

CMI State of the Market | 2020 India report

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