Oracle today announced the availability of Oracle Enterprise Resource Planning (ERP) Cloud in India to help local and multinational firms prepare for the country’s transformational tax reforms.
This announcement was made by Oracle CEO Safra Catz during her keynote at Oracle OpenWorld in New Delhi.
Oracle ERP Cloud provides built-in features to facilitate compliance with new Goods and Services Tax (GST) regulations, native support for GST Network integration and reporting, and support for local requirements including withholding, payment processing, and statutory reporting, the company said in a statement.
Oracle ERP Cloud will also now enable Indian firms to administer and leverage the significant GST process changes, including tax calculations, liability accounting, recovery, settlement and reporting, the company added.
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