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Mystery Shopping

The statement is supported by various surveys which suggest that globally 56% of all ERP Implementations fail to meet management expectations, and the figure is close to 70% in India. So the numbers put their weight behind the statement as well, but the real question for me is, how do we define the success and failure? What do we mean by management expectations?

Healthcare Industry Today

Healthcare has become one of India’s largest sectors both in terms of revenue and employment. During 2008-22, the market is expected to record a CAGR of 16.28 per cent. The total industry size is expected to touch US$ 160 billion by 2017 and US$ 372 billion by 2022. Indian companies are entering into merger and acquisitions with domestic and foreign companies to drive growth and gain new markets.

Behind the scenes challenges e-commerce companies face

Everyone is running to either open an e-commerce company or work with one! But little is known of the pain a large e-commerce company faces. While most of us see bright images and the big discounts of e-commerce, there are only a few who know the challenges these companies regularly run into behind the scenes.

There are a number of challenges keeping prospects away from exploring what could otherwise be the most attractive market in the globe.

Retail Industry Today

Physical retail shops allow customers and consumers to go through entirely different experiences, still unavailable online. Factors like the smells, sounds, and human interaction that can be found at a store are hard to replace and will likely be a driving factor for brick-and-mortar survival. It is estimated that in 2020, more than 70% of retail sales will still happen within physical stores.

Now this is what I call Smart Accounting

One of the most basic MIS or recondition which is required in every organization is Bank Reconciliation, but sadly most of the organizations either don’t do it correctly or waste too much of time on getting it done manually, so let me explain how currently most of us currently do, We do it the same way we used to do 20 years ago – using Excel – getting the statement from the bank and then manually reconciling each entry in books to identify differences ( cheque issued not presented, cheque received but not presented etc. etc )