With new releases and patches being released by software vendors monthly or quarterly, organizations need to revisit their testing strategies for SaaS investment. , Click below to learn how AST’s Testing-as-a-service (TaaS) can reduce your testing spend by over 65%.
Contact us and learn more about how AST’s TaaS platform help automate cloud application testing.
Most small and mid-size organizations today are facing uncertainty and challenges requiring agility and nimble action to survive these unprecedented times. While CIOs have envisioned and set transformational goals on automating and streamlining internal processes, lower IT costs and increased efficiencies continue to remain in focus in this post-Covid era.
AST RAPID is a pre-configured solution for Oracle Cloud applications. We leverage Oracle’s in-built best practices and AST’s world-class consulting services to streamline your operations and show fast ROI. AST’s unique workshop approach ensures the software is a “right fit” and defines the timeline BEFORE you commit. We provide a turnkey implementation, automated testing, personalized training material and training, and production support, along with a roadmap for future consideration.
AST’s RAPID is designed keeping in mind Oracle’s Modern Business Processes for the following modules:
Contact us to Learn more about how AST’s RAPID ERP implementations can position your organization for long term success.
Since China implemented the “Golden Tax”, compliance with the policy has been essential for any business that wants to operate in the country. For companies that rely on Oracle ERP Cloud solutions, one of the biggest hurdles has been how to effectively satisfy Golden Tax requirements with your Enterprise Resource Planning (ERP).
By integrating your ERP with the Golden Tax, you will experience numerous benefits.
What is the Golden Tax?
The Golden Tax system is a nationwide value-added tax (VAT) monitoring system that all businesses operating in mainland China are required to use. This system is centralized and invoices can only be issued using government-approved printers and software.
All VAT invoices must be approved and the government controls their issuance. These approved invoices are called “fapiaos” and they allow China to track VAT payments and compliance, while also providing a proof-of-purchase for goods and services.
There are two types of fapiaos:
General VAT Fapiao
This is issued as evidence of payment. This invoice type does not allow for VAT deduction and is typically used for business to consumer (B2C), sales that involve end-user consumers, and tax-free transactions. Since the general VAT invoice is simpler than the special VAT invoice (below), this process for electronic issuance has been available for several years.
Special VAT Fapiao
This type of fapiao, on the other hand, is issued by general taxpayers to customers who are selling commodities or providing taxable services. This includes transactions like sales to manufacturers or to distributors who will resell the product.
How Does Integration Work with Oracle ERP Cloud?
When we integrate your ERP with Golden Tax, we will take your output from Oracle and then programmatically supplement it with key information that Oracle does not collect, but is required by China. From there, we import it back into Oracle and run a standard Oracle process to export it to an authorized Golden Tax service provider, such as Aisino. The service provider processes it further and sends back a file with validated VAT assessments for the AR invoices. This file is then put into Oracle and reconciled with what was originally generated.
Since Oracle does not capture either type of fapiao in its AR systems, this determines taxability for you. This is critical for your business because failing to produce a fapiao when requested is considered an illegal act in China. In other words, you have no choice but to do this if you wish to conduct business in China. The question is whether you do it manually or automatically and that is usually determined by the volume of transactions.
Adopting This Functionality Saves You Time, Money, and Headaches
Although Golden Tax can be difficult to grapple with at first, proper ERP integration will pay off for you in the long run. This is perhaps most evident in the fact that manually processing this information is extremely time-consuming and can result in costly errors. For companies that need to handle huge volumes of transactions, this is doubly true.
By properly integrating your ERP with Golden Tax, you will drastically cut down on the amount of manpower needed to properly conduct business in China, saving you money while sparing you from the potential ramifications of not adhering to Chinese regulations.
This post was originally published by CTR. CTR was acquired by AST in January 2023.
Our previous article discussed the basics of digital transformations and gave a few examples of what they are. Now, it’s time we go over some of the main reasons why you and your organization should consider undergoing a digital transformation of your own!
It is estimated that 90% of companies use some type of cloud service, but when they move their data into the cloud, the vast majority are simply replicating their current services on a cloud platform. To undergo a digital transformation in the true sense of the term, your organization must have a technology framework that can convert your data and services into actionable insights—these, in turn, will help you optimize nearly every facet of your company.
A digital transformation doesn’t simply take your data and put it in the cloud; it helps you reimagine your processes, systems, workflow, and culture! Every level of your organization will be affected by this, while data from all areas can be brought together to work seamlessly and more effectively.
Digital transformations allow you to use workflow automation and advanced processing (like artificial intelligence and machine learning) to provide a customer experience that was unimaginable a decade or two ago.
1. Drive Agility and Innovation
What do all of the world’s largest, most renowned companies have in common? They place innovation at the core of their values. Think of all of the incredible technology and new products we have today. None of that would exist without innovators.
A digital transformation allows your organization to stay as agile and nimble as possible. You can rev up your speed-to-market and adopt continuous improvement strategies. This will help you turbocharge your innovation and adaption while giving you constant pathways to improvement.
2. Increase Profits
If transformation and innovation are not a priority for your organization, changing outdated and, frankly, expensive systems can fall through the cracks. By operating on something that was built during the ‘90s, you can expect to have a slower work rate and a higher level of maintenance costs (due to its impending obsolescence). More importantly, your employees, who are accustomed to all of the cutting-edge technology the 2020s have to offer, probably have lower morale from having to work with such old and frustrating systems.
With new technology and a corporate mindset that buys into a digital transformation, expect things to run much faster and smoother. With improved efficiency, output, and morale, your profits will increase.
3. Collect Better Data
Every business collects tons of data. Digital transformations help you optimize all that data and use it to drive your business forward by making informed decisions. Moreover, they let you create systems that allow you to collect the right data and use it for better business intelligence. Most importantly, perhaps, they create a method for your company to translate all of your raw data into critical insights, giving you a singular view of your processes, systems, finance, and business opportunities.
4. Provide a Top-Notch Customer Experience
With all that data from #3 being put to good use, your company will be empowered to unlock new customer insights. You can use structured data (like customer information) or unstructured data (social media metrics) to interact with your customers in a more relevant, personalized, and agile manner.
These days, customer experience has become the main driver of a company’s ability to achieve sustainable growth. With a business strategy that is customer-centric, you can satisfy consumers’ skyrocketing expectations.
5. Manage Your Resources Better
A digital transformation brings all of your information and resources into a suite of business tools. In the past, organizations used a wide array of software and databases. As a result, providing a consistent experience was next to impossible. With integrated applications, databases, and software bundled into one central location, every area of your business can lead to process innovation and improved efficiency. This means your resources are not being wasted!
6. Create a New Digital Mindset
It wasn’t too far back that we were still typing documents, printing them out, and either hand-delivering or mailing them to their intended recipients. Then the Internet and email came along, and multiple generations had to adjust to a new digital world rapidly. Newer and more advanced tools have been developed, but some organizations have not grown with the times.
When you provide your company with modern tools tailored to your specific environment, you encourage an entirely new digital culture among your team. Sure, these tools help you operate better and more efficiently, but having a digital mindset means you’ll be able to adapt faster and easier to technological developments in the world. In other words, your organization will be primed for future innovation.
This post was originally published by CTR. CTR was acquired by AST in January 2023.
Get ready to experience faster, more accurate, and cost-effective testing for Cloud Applications with AST’s best-in-class Testing-as-a-Service (TaaS).” AST’s TaaS is a proven solution that helps organizations identify defects 90% faster and reduces patch testing time by over 80%. On average our customers have seen a drop of nearly 65% in their annual testing spend
Hope everyone enjoyed our Lunch & Learn: Securing Your Remote Digital Workforce!
AST would like to thank those who attended our Lunch & Learn session. We hope you learned a lot about strategizing for security needs with Oracle and AST, and we look forward to joining you at our next event.
We truly appreciate your support. If you have any questions or concerns, contact us at info@astcorporation.com
Learn Oracle strategies in Cloud security to support a remote digital workforce with AST and Oracle.
Speakers:
Tom Kopec, Senior Security Consultant at Oracle Corporation & Shob Saxena, Practice Director at AST LLC.
Do not miss this discussion on the superior security benefits intrinsic in Oracle Cloud Infrastructure Gen2 and helpful tips on laying a foundation for cloud security management, including aspects of Privileged Access & Identity Access Management, Identity–as–a–Service, and Cloud Access Security Broker for remote workforces.
Register today for this exciting session on Purposeful Digital Transformation!
Thanks to technology and the disruption caused due to COVID-19, working remotely is an imperative. While organizations continue to make strides in embracing work-from-home, securing data and a remote digital workforce is an emerging area of concern.
If you share these concerns, join us for an immersive Lunch & Learn to find out more about the best practices and trends for securing a ‘Remote Digital Workforce’ using Oracle tools. To get started click and register!
Data integrity is the key to organizational accuracy, and information privacy is a key tenet supporting that data. Join us to understand Privileged Access Management (PAM), how PAM authentication works and its best practices. Also, we will discuss the differences between IAM and PAM!
AST and Oracle are collaborating to bring our combined knowledge and expertise to share helpful tips for users. Register today for our Lunch & Learn: Securing Your Remote Digital Workforce.
Increase visibility into your entire cloud stack and provide the security automation your IT team needs with features like automated incident response, threat detection, predictive analytics and security configuration management.
AST and Oracle have collaborated to bring our combined knowledge and expertise to share helpful tips about how Cloud Access Security Broker (CASB) can serve as a foundation to shield your remote users and protect your enterprise systems against cyberattacks and threats.
Get your questions answered by AST and Oracle experts! Click here to register for our Lunch & Learn: Securing Your Remote Digital Workforce today!
