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MapmyIndia, which powers Apple maps in India, received bids worth Rs 1.13 lakh crore ($14.92 billion) in its initial public offering, or 154.71 times the shares on offer, signalling strong confidence in the company’s growth prospects.
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Increased regulation requires businesses to not only be accurate when complying but to be proactive in identifying potential risks and be able to mitigate them. Not only must a business provide accurate information related to business income and taxes paid, but proper invoice matching and accurate ITC claims have also become necessary compliance for businesses. To ensure compliance, it is important that companies explore how technology can help them stay ahead of the curve. The consistency and accuracy of this data drive a single source of truth for auditors, and reconciled data makes CFO’s job light and easier.
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