Udyog Software, a pioneer in providing end-to-end tax and business automation solutions and part of Adaequare Group on Thursday launched complete retail solution at the 2-day Retail India Summit and Expo (RISE 2017) in New Delhi. With technology as its core strength, Udyog Software unveiled an integrated order management, billing and POS solution, which will manage multiple aspects of retail across E-commerce and physical stores.
Udyog software is the only technology company to launch an Integrated Retail Suite, which creates a Goods and Services Tax (GST) compliant store for the physical and digital arena.
With the Integrated suite, Udyog is bringing a single touch point solution which allows for management of on-line and physical stores for inventory, catalogs and billing and thus becoming GST compliant. Every store in India that wants to be online can be online now with this offering and there won't be a complex and difficult GST compliance going forward. The GST compliance would become easier for the retail sector as the sales data is consolidated in one place and uniform.
"Today the Retail Business operates in a very complex environment with Multiple Systems and Multiple Sales Channels and requires data synchronization between them. Managing data at multiple touch points is a complicated process and needs a simplified solution so retailers can be GST compliant and save time," said Pavan Peechara, Founder, President of the board and Chief Executive Officer (CEO) of Adaequare Inc and Director for Udyog Software.
"Udyog Software has always focused on developing solutions as per the needs of the customers. The complete retail solution would help the retailers in the roll-out of single tax regime GST," he added.
Rajiv Gidla, Chief Business Officer of Udyog Software mentioned that the growth story of any retail company will need to consider the following elements for a winning successful story:
1. Compliance adherence
2. Integrated Orders/Inventory Management
3. Technology for physical stores like POS/Billing system
4. E-commerce platform
5. Customer social engagement
The Retail Expo is a platform by Retailers Association of India (RAI) and brings together buyers and sellers in retail from across the world under one roof to facilitate dialogue and explore lucrative opportunities. The event was attended by retail industry giants like Liberty Shoes, The Beer Cafe, GMR, Fortis Health World, Ambience Mall , Forever Brand, Kapsons Fashion Pvt. Ltd., V-Mart, Lacoste India, Target Corporation India Pvt. Ltd. and others.
Udyog software is the platinum sponsor of RISE 2017. Udyog Software serves more than 14,000 customers ranging from a small trader to large and multinational organizations in more than 200 business verticals.
Udyog along with Adaequare has launched various offerings namely enComply, AddTax, uGST Billing, vuGST 13.0, Transactor and B2B Applications to address various requirements of businesses of different size and nature in India towards GST compliance and migration. Udyog software is the first company to launch a fully functional GST platform in India.
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