In compliance with the government’s GST regime, US-based tech major Oracle announced the availability of Enterprise Resource Planning (ERP) Cloud in India that will boost the transformation of digital economy and prepare the country for transformational tax reforms. Also Read - Ola to offer free oxygen concentrators to the needyAlso Read - Samsung Galaxy S20 FE Long-term Review
“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 to benefit from the economy, deploy resources faster and at low cost, and allow them to deploy previous resources back in the business scene. Over 50 percent 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 the digital economy.
“Digital India is the only way to make the government accountable and aligning everyone in the same direction,” Katz added. DougHugges, company’s Vice President for Product Management, said that security for any organisation should be paramount when moving to Cloud. ALSO READ: Oracle to help Jharkhand become start-up hub
“Data security for any organisation should be top priority. ERP cloud ensures data security for the organisation that move to cloud,” Hugges told IANS on the sidelines of the event, adding that it is a hard decision to move to Cloud but that is what the enterprises and businesses should do.
Katz added that Oracle had been in India since decades and is a truly American-Indian company. “We have a special focus on empowering women, girl education, fighting cancer across country and others. Yet that is not enough. We have more to do in this country,” Katz added.