Comprehensive Solutions For Special economic zones (SEZs) And Export Oriented Units (EOUs) Which Allow Companies To Manage Compliance, Regulatory Norms And Operations.

Online, September 16, 2010 (Newswire.com) - Schemes such as SEZ or EOU provide significant benefits to companies in terms of excise, customs, state level VAT, service tax & Income tax. However, they have are required to follow various compliance, regulations and statutory rules of governments, that involves a lot of documentation, procedures and paper works.

The EOU & SEZ software solution from Udyog is designed considering the compliances & the different business processes like procurement (Local & Import), consumptions, sub contracting, DTA sales & export. The Software tracks day- to-day records & generates various reports & registers required to be maintained by these companies for internal & external Audit.

Udyog also provides QPR, HPR & APR related reports which are required to be maintained & submitted to required statutory body.
These solutions bring in high amount of automation for the businesses and can easily get rid of manual paper works and procedures.

"Currently companies are often dependent on excel & word formats for document printing. This is a tedious process as the same data required to be manipulated at various times. The other challenge that they face is, they are not able to generate reports quickly. Some are using combination of word, excel & custom made software "Pravin Sawant VP-Sales, Udyog Software (I) Ltd said".

"My experience has been that most of the companies which use ERP today do not have an effective way to obtain or file statutory returns from their systems automatically. These companies resort to manual processes of exporting available data into excel & in order to prepare the monthly returns, which leads is both time consuming & error prone. There are chances that these companies fail to produce the required reports easily at the time of Audit. In order to solve the this issue, we have developed an interface which takes data from ERP in predefined formats & uploads data to our software, which can generate the required statutory report . This eliminates data duplicity by ensuring the data is from a single source (the ERP), and therefore easy to Audit," Sudipta Choudhury, VP-Projects, Udyog Software (I) Ltd said".

Apart from EOU & SEZ, Udyog is also providing Excise documentation software for Manufacturer & traders, Service tax, VAT (State wise) & CST form tracking & TDS & eTDS.

Overall, it improves efficiency of business processes, saves valuable time and improves cost - effectiveness by automating the procedures.