Zoho launches GST-ready financial suite

CHENNAI: With India accounting for the lion's share of revenue for the company, California-based technology company Zoho Corp has launched its GST-compliant financial suite Zoho Finance Plus at its international headquarters in Chennai today.

Designed to help small businesses smoothly migrate to GST from the current tax regime, its integrated network of tools will help them manage and automate their finance and administrative operations.

"SMEs will have to adopt GST-enabled applications for various transactions and with returns being required to be filed thrice a month, back operations have taken centre stage for these businesses," says CEO of Zoho Corp, Sridhar Vembu. "In this scenario, SMEs will need an interconnected suite of financial apps that share data seamlessly and Zoho Finance Plus facilitates just that," he adds.

The product offers a comprehensive end-to-end integrated platform for small businesses in a market that is saturated with software vendors offering limited applications. Zoho's integrated suite gives these businesses an edge over competitors by enabling them to streamline their back office functions.

"The proliferation of internet connectivity and smartphones, clubbed with the introduction of GST offers businesses a great opportunity to move their accounting operations online" says Director Product Development and BD at Zoho Corp, Sivaramakrishnan Iswaran. "Zoho Finance Plus enables them to manage their daily transactions and file their GST returns from a single platform," he adds.

Available for Rs 2,999 per organization per month for 10 users with an additional Rs 120 charged per user, it can give SMEs access to an array of software for various end uses. Businesses that had previously subscribed to multiple Zoho Finance apps can now purchase a single license through this integrated product instead.