GST regime necessitates a high level of synchronization between tax payer’s application, invoicing software, and  GST system, which without automation would be difficult. These include item level detail in invoices, maintenance of trail of all amended entries, reconciliation of sales and purchase register between vendors and buyers on a minimum three monthly returns and other events such as auto reversals demand or automation of tax compliance process within any tax entity. If anything is a miss, it will directly impact the business’s compliance rating and act as a deciding factor for the buyers, lenders and insurers, whether to deal with that business or not. Till now, Goods and Services Network (GSTN), a private company set up to provide IT infrastructure to the government, taxpayers and stakeholders for GST implementation have appointed 34 GSPs which will offer support and services in form of GST APIs to help tax payers and businesses in compliance. Functionalities available through GST APIs includes registration of tax payer and consultants, return filling , payments, ledger maintenance, etc. Factors such as intuitiveness of reconciliation, validation and tax determination engine, data security, storage and privacy policies etc. should be taken into consideration by taxpayers while choosing the right technology vendor to ensure smooth compliance. Read more at https://www.entrepreneur.com/article/297632

In today's dynamic marketplace, it has become necessary for businesses to be able to use data to identify challenges and meet them. So, to establish a data-driven culture that empowers employees with skills to use data for accurate decision making is important. Ways in which this transformation can be done are by establishing a clear vision by imparting knowledge about the use of data, ensuring easy and secure access to data, keeping the data organized, clean and up-to-date, creating agile multi-disciplinary teams, i.e. forming teams which have at least one member who's well experienced in data analytics, and lastly by developing reward mechanisms by sharing data successes to inspire others. Thus, analyzing the data in the right way and cultivating a data-driven culture is necessary to make accurate decisions. Read more at: http://www.datasciencecentral.com/profiles/blogs/5-ways-businesses-can-cultivate-a-data-driven-culture

It is hard to believe that Bots will replace websites and mobile apps, but there are some logical reasons why that is possible. Messaging apps are growing very fast and if this becomes a popular way of communication, then every business is going to need a way to engage on these platforms. Bots will be faster than websites and mobile apps will be smart enough to understand what are you saying by their Artificial Intelligence power. Bots don’t need to be downloaded like other mobile apps. Bots will be easier to use than any other technology ever created. Read more at:https://chatbotsmagazine.com/how-bots-will-completely-kill-websites-and-mobile-apps-656db8e6fc03

Big data may be defined as extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions. It can also help to improve the market and customer relations. By collecting data on your company, it is easier to know what the customer wants, the services they like and also helps in improving operations and make them more efficient and saves time and cost. Companies, big and small alike should find ways to mine all the information and use it to their advantage. For further information, please visit :

 http://it.toolbox.com/blogs/this-is-it/combine-big-data-and-your-business-75513

Facebook bots can offer your clients with personalised choices and also the same interactive communication of rebuke a customer service rep.

They will conjointly offer businesses with intrinsic message templates, which might be enforced with none programming data.

The last of the capabilities are the welcome screen and null state calls-to-action to help customize your bot.

They will also change the way customers search for information by sparing users the hunt for specific criteria for a product or service.

According to Tech Crunch, bots may render 1 -800 numbers obsolete by eliminating wait times and menu trees.

Chatbots are the newest release in its quest to revolutionize customer service through social media.

Interested in bringing your customer service to the next level? Chatbots may be able to grant that wish.Read more at: http://socialmediaexplorer.com/content-sections/tools-and-tips/facebook-chat-bots/