New Delhi, July 2017: Marg ERP, a leading provider of integrated business management and application software, has started acquiring e smaller players in the IT and Technology space across various tier-1 and tier 2 cities of India in the post GST era. The focus of these acquisitions is to assist the software peers who haven't able to match up the present day cutting-edge technology till date, or are lacking updated mechanisms to step up along with the much-talked- about GST transition.
In the merger and acquisitions drive taken up recently after the roll-out of the GST regime, some of the prominent organizations that collaborated with Marg ERP includes Diotech from Nagpur, Yashoda from Nasik, Shakun Communications from Dehradun, OM Infotech from Gujarat, Alfa Software and Solutions from Odissa, Infonet Services and Appsolve technologies from West Bengal.
Mr. Sudhir Singh, Managing Director, Marg ERP says, “From the point of view of the overall Information Technology (IT) industry, GST can provide a major boost and competitive advantage in near future. With an advance progress of in-house designing systems aligned to the vision of this new-age tax reform, implementation of GST will also solve major litigation issues and generate huge business revenues for both small and big IT firms across the country. As businesses feel the need to reconfigure IT systems internally—from procurements to audits and from supply chain flow to vendor management, it requires enterprises working proactively to understand about changing business dynamics with GST and analyze the growth potential in achieving business excellence. In an attempt to convert this vision to a reality, we believe that these small yet significant mergers with local technology providers will prove to be highly beneficial for all stakeholders.”
GST has transformed the previously existing system of production-based taxation into a consumption-oriented structure. While organizations face newer challenges such as alignment of accounting and taxation systems with the new processes, it is the need of the hour to embrace IT into the entire workflow, say experts in the field.
“At the end of the day, GST will bring clarity on taxation by subsuming multiple levies for the IT sector, and adapting these changes with an eye on future can enable real-time decision making during business transactions. All these software players with whom we have collaborated across various cities of India have a customer base varying between 1,000 to 5,000; the acquisitions have been done in different types of arrangements. Marg
ERP as an organization is equipped to work with suitable arrangements for the acquiring companies, without even taking the ownership of these companies,” adds Mr Singh.
As an organization specializing in business-oriented software, Marg ERP is aiming to transform the way customers manage business accounting to reap maximum benefits from the inventory-led model that has come up with the successful implementation of GST. In
the near future, Marg ERP is looking forward to many more customer-based acquisitions of companies in small cities of India.