Financial software that deals with money owed by the organization to vendors. It summarizes the amounts owed, handles partial payments and vendor credits and also manages vendor terms, sales taxes payable and 1099s.
Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Fort Worth-based OGsys, the leading provider of cloud-based oil and gas accounting software for small and medium-sized businesses.
"GSTN has partnered with eight billing and accounting software vendors for providing software to the micro, small and medium enterprises, with annual turnover under Rs 1.5 crore, in a financial year without any cost to such taxpayers," read a statement issued by GSTN.
The firms said that their partnership would offer an integrated payments platform to micro, small and medium enterprise (MSME) customers using MARG ERP's accounting software. Customers of the bank would be able to connect their bank accounts with the MARG ERP software and undertake digital transactions.
The partnership will aid RAKBank's business customers to benefit from Sage Business Cloud Accounting software at preferential rates and will enable the bank's customers to easily manage their businesses in compliance with the value-added tax (VAT).
Technology is rapidly moving at speeds faster than the 'blink of an eye.' It used to be that we do everything manually, and what took hours to prepare a simple financial report can be done in a few minutes with the advent of accounting software.