Here’s to the missteps that reveal the truth Recently, the Reserve Bank of India (RBI) imposed penalties on Indian Bank (₹1.60 crore), Indian Overseas Bank (₹63.60 lakh), and Mahindra & Mahindra Financial Services Ltd (₹71.30 lakh). At first glance, you might think just another round of fines. But look deeper. This is not about money...
Governance, Risk, and Compliance (GRC) have evolved significantly in recent years. Organizations across industries are adopting advanced technologies and integrated frameworks to manage risks efficiently. Among the key areas of GRC, Operational Risk Management (ORM) has gained prominence due to the increasing complexity of business operations, regulatory scrutiny, and digital transformation. In this blog, we...
“Innovation distinguishes between a leader and a follower.” Steve Jobs The world is moving fast, and for MSMEs, standing still is no longer an option. You need to move forward—or risk being left behind. But here’s the truth: You don’t need to be a big company to have access to powerful tools. Today, the right...
Introduction In today’s rapidly evolving manufacturing landscape, staying competitive requires more than just efficient operations. It demands a proactive approach to harnessing emerging technologies to drive innovation and optimize processes. Optimus ERP, a comprehensive open-source business suite, has been a frontrunner in providing robust solutions for manufacturers. Now, with the integration of Artificial Intelligence (AI),...
Introduction The automobile industry, especially the two-wheeler segment, is evolving rapidly. With increasing customer expectations and fierce competition, dealerships must adopt innovative solutions to stay ahead. One such solution is the Dealer Management System (DMS) tailored for two-wheeler dealerships using Optimus. This comprehensive tool can transform how dealerships operate, enhancing efficiency, customer satisfaction, and profitability....
Introduction India’s MSME (Micro, Small & Medium Enterprises) sector is the backbone of the nation’s economy, contributing significantly to GDP and employment. However, many MSMEs still rely on traditional accounting software, hindering their growth potential. This blog explores the rising trend of Indian MSMEs shifting towards cloud-based Unified Enterprise Resource Planning (ERP) platforms like Optimus,...
Introduction For years, businesses have grappled with the seemingly binary choice between on-premise and SaaS ERP solutions. On-premise deployments offered a degree of customization and control, but came saddled with hefty upfront costs, complex IT management, and limited scalability. Conversely, SaaS solutions promised affordability and agility, but raised concerns about data security and restricted customization...
Introduction In today’s dynamic business environment, agility and scalability are essential for organizational success. Traditional on-premises Enterprise Resource Planning (ERP) systems, while reliable, often struggle to adapt to the ever-changing needs of modern businesses. This is where cloud-based Software-as-a-Service (SaaS) solutions like Optimus ERP, developed by Timus Consulting, are revolutionizing operational processes. Optimus ERP:...
Introduction In the ever-evolving landscape of Indian business, enterprises are constantly seeking innovative solutions to optimize operations, enhance efficiency, and gain a competitive edge. This is where the strategic alliance between Timus Consulting, a leading Enterprise Tech and Business Consulting firm, and Axelor, a pioneering open-source ERP (Enterprise Resource Planning) solution provider, emerges as...
Introduction In the dynamic realm of Enterprise Resource Planning (ERP), the infusion of Artificial Intelligence (AI) is not merely about automation; it’s a pivotal shift towards a proactive, real-time approach that reshapes the way businesses manage resources and make decisions. In this technical exploration, we delve into the core elements of AI’s proactivity in ERP,...
Timus Consulting is a leading EnterpriseTech and Business Consulting firm, providing an extensive array of services including Governance, Risk Management, and Compliance (GRC) solutions, Software Development, Enterprise Resource Planning (ERP) solutions, Cloud Consulting, Artificial Intelligence (AI) solutions, and Managed Services.
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