AI for GST input credit
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Finkraft aims to revolutionize the use of AI in business by applying machine learning and algorithms to automate processes, improve cash flow management, and synchronize accounting and ERP systems. Their goal is to introduce a beta version of their product that supports integration with major CRM, ERP and GST accounting systems. They plan to market their product through digital advertising, public relations, and partnerships. Their objective is to expand as a preferred partner for invoice and GST reconciliation services.
AI for GST input credit
- 1. FINKRAFT ¨C TRANSLATING A.I IN BUSINESS
- 2. PROBLEM STATEMENT Deferred Cash Flow Mismanage ment in GST Collection Inability to plan forecast Faulty Accounting Practices Inaccurate Expense flow
- 3. Integration creates Economies /Efficiencies by reducing working hours and expenses Be the Chosen leader for tech support Help integrate A.I. in Corporate INC. IT process Finkraft.ai : Revolutionizing A.I.
- 4. Business Summary Apply A.I Machine learning, Algo Predict, improve, Automate Process Impact cash Flow Faster Efficient Growth Synchronize Client¡¯s Accounting ERP, CRM
- 5. BUSINESS PLAN CATERING ?From inr 21 crore at the time of introducing the gst regime in 2017 to over inr 1 lakh crore today, india scaled significant heights in the amount of gst collected online ?$30 by 2021 ¡°size of air travel in india ¡° statista 2020 estimate¡± ?Indian domestic hotel market is projected around 9.5 billion u.S. Dollars- ¡° statista 2020 estimate¡± ?62% audince booked their accommodation first when organizing travel ¡° statista¡± ?Business travelers account for 12% percent of airlines' passengers, but they are typically twice as lucrative ¨C accounting for as much as 75% of profits-¡± investopedia ?Jan 9,21 marked the movement of more than 5.16 lakh passengers, according to information provided by the ministry of civil aviation (moca). Growth Strategy VC Angel Funding Future Financial Need
- 6. KEYS TO SUCCESS Detecting Cash Flow problems Educate Corporate INC. on saving cost, time Applicability to SME Industry Apart A small retainer fee for Complex yet challenging Algo
- 7. OBJECTIVE Introduce Beta Version Support Integration of major CRM, ERP, GST accounting Expand as a preferred partner for Invoice , GST reconciliation
- 8. ADVANTAGE - Q.R.NEXT? ? QR and pay instantly- Uni -directional ? Contactless - Distanced ? Access Connect- Wi-Fi ? Ease of payment - Wallet ? Product information - Cloud ? Quick share - Google ? Data ¨C Ease ? Download - Efficacy ? Measure of Success ¨C MIS ? VIsa, Mastercard, RuPay, Bharat QR https://www.npci.org.in/blogs/qr-codes-the-new-age-tech-shaping-india-s-digital-payments-landscape
- 11. CLOSURE AIDS ?Close Loop ?Clarity ?Variety ?Industry Influence Data ?Coffee High Tea ¨C Zoom ?Wishing - Celebrating ?Revenue realised- Incentive
- 12. MARKET ¨C CUSTOMER -STAKEHOLDER ? Airline (Travel) ? Cards (Financial Services) ? Enterprise ( 50 cr entity) ? Finance (GST input) ? Accounting ( Audit trail ) ? Vendor (recognition)
- 13. -Advertising ¨C display, search, native -Public relations ¨C press, blog coverage, Landing conversion -Digital ¨C email, SMS, social media -Search engine optimization , Radio ? Budgeted marketing -Value base -Brings Economies -Forward Integration ? Alliances Strategy
- 14. PIPELINE ? Digital Hits ? Data mining ¨C Airline- vendor ? Webinar Seminar ¨C Word of Mouth ? Zoho - Watsap messages ? Cheap Filter ? Prospect ¨C Suspect ? Hot- Warm- Cold
- 15. ? Subscription ? Volume ? Cost saving ? Data Accuracy ? Sales Narrative Pitch ? Value Preposition ? Brand building ? Digital Campaign ? Webinar ? Seminar ? Budgeted Marketing Awareness Intent Action Desire http://www.businessworld.in/article/Role-of-Technology-in-GST-2-0/29-02-2020-184978/ interest of 24% or it is reversed on account of notice issued by the department under Sections 73 or 74 of CGST Act 2017, Strategy
- 16. THANKS ? Mar 26, 2021 ? Naveen Sarpal