Tapping the 'India Localization' ERP Market
by Admin Kripaa | 1 min read
India Localization is a solution that is intertwined with an ERP application to handle India-specific legal and statutory requirements. The solution addresses requirements related to sales-tax, central excise tax, Value Added Tax (VAT), payroll tax etc. Ramco Systems like most ERP vendors, has its own solutions for India Localization. There have been predictions that there will be stronger collaboration between ERP vendors and end users, resulting in an increasing number of user experience groups and India localization forums.
Over the past decade, while India has emerged an international player in providing ERP implementation solutions, India localization has also steadily gained focus and attention within both the ERP vendors and the end users. However, complexities arise from the fact that Indian taxation laws and government policies change continually. The impact this has on the customization changes to the solution affects the continuity of the business.
The collaborative exercise between ERP vendors and customers will result in greater representation of Indian enterprises. This, in turn, will result in a well-integrated ERP application with India localization that reflects all business scenarios and issues, and where user adoption complexities are reduced, the research explains, on the future of India Localization. Time will soon tell.