Radio Frequency Identification technology is being adopted by many countries across the globe because of its potentiality to improve efficiency, upgrade inventory management, and streamline various operations in life. In major countries like India, where the economies are fast growing with multicultural industries that include manufacturing, retail, logistics, transportation, and healthcare, among others, such new…
The process auditing is an important strategy, which every organization seeking to adopt improved quality and productivity in its operations needs to undergo. The traditional financial audit primarily accompanies an evaluation of financial transactions while a process audit goes much deeper and evaluates the structures that make the organization. Process auditing is a detailed assessment of the…
Insurance companies usually hire independent adjuster firms to manage their workloads and work high-volume claims. Independent adjuster firms are highly knowledgeable and boost efficiency and productivity. This reflects well on the insurance company and enhances the claimant experience. They are a trusted partner when you need help working in remote areas, decreasing overload, and with…
What are Auditing and Assurance Services? Auditing and assurance services increase the credibility of financial statements, thereby ensuring that they represent a true and fair view of an organization’s financial position. While auditing refers to an independent examination of financial statements, assurance services relate to a statement that is issued on the reliability and accuracy…
Anyone who is thinking to start a business must understand the comprehensive process of formation of a new company. This includes legal, administrative, and financial processes. These processes are important to lay a strong foundation of the businesses. This blog is a complete guide to explain the major steps of company formation. Choose the type…
The current business world is considered very dynamic, thus facing numerous risks. There exist many types of risks that can cause disruptions in operations, such as natural catastrophes, cyber attacks, and global pandemics. In the light of such a business environment, all businesses must remain productive even after such forms of disruptions. This calls for…
One Person Company is a new form of business entity in India, wherein a single person can form the company. However, it provides the freedoms of an individual trader and some structure of a private limited company. OPC is beneficial to the owners of the businesses as it helps in running and expanding their businesses…
In recent years, Advisory services in India have gained a massive demand as individuals and businesses always deal with complex financial, legal, and other business challenges. Whether it is a start-up entrepreneur, an individual investor, or an established business, each one of them requires guidance in strategy and decision making. This blog explains various business…
In this digital era, cloud storage has become the required solution for data management and protection. Due to the constant increase in the rate of data generation and accumulation, many organizations and people are now looking for more effective and secure solutions for data storage that not only allow easy access but also provide high…
Starting a business in India offers exciting opportunities, but it also comes with numerous legal requirements that must be met. One of the most important aspects of setting up a business is ensuring compliance with laws that govern ownership and other operational regulations. Without proper adherence to these laws, business owners may face challenges, including…
