HRM Its Role & Benefits

The importance of HRM in any company is well recognized. The load factor increases as the company size increases. In the case of corporates that employ thousands of people HR management becomes complex and difficult to handle efficiently. Most companies nowadays either outsource HR functions to service providers or use HRMS. Outsourcing helps companies save crucial resources and gain from the service provider's expertise. Using HRMS or Human Resource Management Software helps by automating the process and reducing manpower.    Thus, that HR management is a crucial part of the company management process cannot be denied. Thus HRM is the strong arm of one among many business components.

People Build Businesses

Although not considered a core function little do people realize that it is the workforce that is responsible for business growth? Recognizing efficient management of the workforce tending to their activities and rewarding the best performers leads to better performance due to encouragement and attention. Such efficient management creates a strong and well-developed workforce be they small-timer laborers, factory workers, managers, and the top brass.  Thus strategic management of HR processes boosts the development of people and the enterprise itself.   

It is for the HR managers to see that all company objectives and goals are fulfilled. Sound HRM strategies play a major role in this. Efficiency in HR management ensures that the objectives and goals will be fulfilled by keeping the workforce content and rewarding those who are the best performers. HRM is holistic, and though it centers around employee management, it plays a crucial role in decision-making as any efficiently managed business component does.  HR functions include good communication with the workforce and dispute resolution if any arises. The HRM department assists workers to realize productive working methodology through regular training using expert modules and internal training mechanisms. Thus, HRM is described as managing the people and overseeing their performance and dedication to the job by efficient management.

HRM is Action Oriented

Thus, HRM is just not limited to record-keeping but also involves the HR department of active management and keeping the relationship warm. Those firms incapable of managing HRM  due to resource crunch and incapabilities should outsource HR Management. Another alternative lies in using HRMS Software that helps automate the whole process.    

Tally Rise to Success Name & Fame

 Tally Prime Ascent to Stardom

Necessity is the mother of invention. This adage is ideally suited to Tally Solutions in India a company producing enterprise management and accounting software. The first product that came into the picture was Shyam Sunder Goenka's industrial supply business was facing accounting as he found manual accounting bothersome.

The company was founded in  1991 as Peutronics Financial Accountant between father and son. The company was renamed Tally Solutions in 1999. The first product was MS-Dos Version a simple accounting software.

·         In 2006, Tally launched Tally 8.1

·         In 2006  Tally 9 was launched.

·         In 2009 Tally.ERP 9 was launched with features relating to business management.

·         In 2015, the company launched a program called Vriddhi to certify and classify its business partners.[

·         In 2015, Tally Solutions launched Tally.ERP 9 with taxation compliance features.

As of 2016, the company had 1 million customers.

In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide an interface between the GST server and taxpayers.

In 2017, updated GST compliance software was introduced.

TallyPrime was released in 2020

In 2020, TallyPrime was updated to offer e-invoicing solutions to generate e-invoices.

In 2022, they introduced TallyPrime Edit Log.

Tally Prime

At Present customers use Tally Prime accounting and enterprise management a much-advanced version of ERP9 Software. The company is constantly upgrading software that complies with all regulations including taxes like GST. With seamless formatting, clients can now manage multiple companies. Tally Prime helps in making enterprise businesses easy to manage by automating the core functions and business processes. The enterprise software helps in filing GST.

Tally is a software that is advancing regularly by incorporating features relating to tax compliance and e-invoicing.  It is one of the most flexible enterprise solutions. The data flow can be customized as per individual needs using a personal dashboard. The application can be customized as needed, but even the reports can be sliced and diced as desired. Most of the versions available are stripped-down skeletons but with all the added features in place. They have an  immense capacity for customization  

The later versions have gained importance due to t

How to Get Traffic on The Internet?

Businesses do not think of strategies when they build a website. Some of them have no idea how to get business from their property. But all of them need traffic and leads online so that they can convert them to business.  Online promotional activities are not known to plenty of businesses, it is when they approach agencies to solve their pain point that they come to hear of various strategies like SEO and Digital Marketing.

These promotional strategies are not within the purview of many website owners hence they normally accede to the services of digital marketing agencies.  Social media is one place where website owners can promote their products and brands. But this requires consistent efforts and good content creation so that they get to create a huge network and convert them to buy their products or subscribe to their services.

There are two methods that SEO agencies will use one is search engine optimization and another is content marketing. SEO needs experience and skills hence it should be handed over to a professional agency or to independent SEO consultants. But if you are good at content creation you do content marketing along with email marketing. For email marketing, you need data pertaining to the target audience of people who are most likely to buy your product or services. You can collect the email address of the people on your social network. If your marketing efforts are up to the mark you will be able to collect a lot of email addresses and send the email as well.

Once content has been created you can distribute content on as many platforms as possible. This will enhance your networking efforts. This is the main activity used by content marketers. If you are consistent your efforts will be highly successful.

Even if you are doing content marketing on your own you should hire an SEO or a leading SEO Agency. This will result in your website becoming suitable for search engine result pages and performing better.  A successful search engineoptimization campaign will lead to greater traffic on your site. And this is what you have been planning all around. A good marketing effort will enhance your business potential

What is DSC? Apply for Digital Certificate Online

A digital certificate is an encrypted electronic file certified by a legitimate authority called CA, short for certifying authority. The DSC is used to verify the identity of a party or the sender on the Net. This is required since most of the electronic transactions are carried out between the sender and the receiver which can be an organization. Hence, the identities of both may not be known since meeting personally is not possible.  But the DSC confirms the identity of the sender to the receiver. 

CA or Certifying Authority

You can consider it as an "electronic passport." Since DSC is issued by an authorized body called CA it is highly acceptable. CA is authorized by a government body CCA or the controller of certifying authority under the IT ACT 2006 both are government bodies and hence acceptable to all. Thus, we can equate it with a passport. 

Even though the certificate is issued by CA the file can be manipulated during electronic messaging or transmission. But unfortunately for the manipulator, the public key that has been manipulated will not match with the public sent by the sender hence the fraud can be detected. This is what makes the digital signature certificate highly secure.   

Public Key Infrastructure

To understand this phenomenon we must first understand public key infrastructure. Public Key Infrastructure (PKI) or key pair leverages encryption to provide and manage digital certificates. The digital signature is produced not by pen and is not like the usual electronic signature we see as printed on pdf. and word documents. Digital signatures are a product of cryptographical encryption technology developed in the USA. 

PKI is used in a range of activities such as e-commerce, internet banking, and confidential emails. The process involves the use of hardware (computer)software(hash algorithms)and a messaging system. The core function involves the creation of a private key by the sender which is kept secret and is thus secure. This function is performed by the hash algorithm which also generates a public key that is meant to be sent to the receiver. The public is certified by the CA as the stamp of authority that certifies the bona fide of the sender.  In the DSC or digital signature certificate the personal details of the sender are given including the contact address.

If you wish to send messages and documents through the electronic medium you can use the DSC issued by CA to verify your bonafide to the receiver. Remember, the certificate issued by CA or an authorized partner costs money and is usually valid for one year. You can apply online for DSC in India. You can contact the CA, and send the required details, and photocopy of Ids. Once this is done an online interview follows where the original photocopy sent is verified. You receive the DSC within five days.       

Tally Prime And Adds On

 Tally Prime is an accounting and enterprise management software. It is GST compliant, and the latest of many versions of software produced by Tally Solutions. Tally Prime has evolved from many versions the company has come out with and its earlier version was Tally ERP9. Thus, the latest version is incorporated with additional features.

Tally Prime

Tally Prime is an advanced business management software that incorporates the latest features that besides business management also can assist in taxation compliance and invoice printing of various types.

Tally Prime Helps you manage various business departments like accounting, inventory, banking, Asset management, taxation, HRMS, payroll, online data retrieval, cash and credit flow management, invoicing and accounting, and insightful business reports to name a few. The management software is comprehensive and capable of multitasking. 

An outstanding feature of the software is that it provides more than 400 varied and insightful reports. Users can create GST Compliant Invoices in a few minutes and print and send them to the appropriate department. The product can automatically produce e-invoices, tax invoices, and bills of supply and generate e-way bills without revisiting the e-Way Bill Portal. The software tool also generates e-invoices and print invoice with IRN and QR codes automatically.

Businesses can follow any type of sales and purchase cycle and Tally Prime will comply with it due to its flexible capabilities.  It keeps your sales and purchases account up to date be it sales or purchase orders, debit or credit notes just anything, thanks to its multiple-format billing capabilities.    

Over the skeletal version of the advanced software Tally Certified Partners and Tally Developers have come out with solutions that help further customize Tally Prime as per individual needs. The customization is available in the market as Add on by Tally Certified Partners or TCP.

Types of Customization:

4 types of customizations can be considered for deployment.

Local TDL:

Account TDL:

Remote TDL:

Add-Ons:

 These much-talked-about TallyAdd-Ons are solutions, developed by Tally Partners pan India. They can be purchased from the Tally marketplace called Tally Shop. But before adding you should know how to integrate the Add Ons with Tally Prime.