Oracle, the technology company that offers cloud applications, platform services, and engineered systems, sees a huge opportunity to serve smart city and other digital initiatives of the government.
Company Oracle has launched its cloud computing service for India, which aims to support the government’s GST rollout and plans to open data centres in the country.
In an effort to simplify the tax regime in India and to ensure higher compliance with tax laws, Oracle’s ERP solution aims to provide support for GST Network integration, statutory reporting, payment processing, among others. In the GST regime, companies will have to upgrade their ERP systems.
Oracle launched its API Platform Cloud Service, which delivers end-to-end capabilities for designing, prototyping, documenting, testing, etc.
The MoU was signed at Oracle OpenWorld and Oracle will offer its support to the state through its portfolio of technology solutions, including Oracle Cloud. These solutions cater to the growing requirements and expectations of citizens, businesses and government departments for smarter, transparent and efficient governance.
State governments in India are also adopting Oracle’s solutions. The Maharashtra Government has a partnership with Oracle. Additionally, the Jharkhand Government and Oracle have signed an MoU to improve citizen services with an aim to make Jharkhand an attractive destination for start-ups.
Reliance Corporate IT Park, a subsidiary of Reliance Industries Ltd, has signed an MoU with Oracle rival SAP to launch ‘SARAL GST’ a solution for taxpayers to be GST compliant and access the government’s GST System.
