🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Three ways to manage data to integrate technology in tax

Livemint

Livemint · 1y ago

Three ways to manage data to integrate technology in tax

The use of technology by tax authorities has transformed the tax landscape, bringing transparency and stricter reporting practices. To effectively manage this data-driven environment, tax functions need to focus on integrating data systems, improving data architecture, and leveraging generative AI for insights. Centralising data and ensuring its quality is crucial for compliance and audit readiness. Adopting generative AI can offer quick returns on investment and expedite data-centric transformation projects. Taking a holistic approach to managing data is essential for optimizing results and building trust with stakeholders.

1

Related News

Accounting and tax management platform Febi.ai raises $2 Mn

Entrackr

Entrackr · 9m ago

Accounting and tax management platform Febi.ai raises $2 Mn

Accounting and tax management platform Febi.ai has raised $2 million in a pre-Series A funding round co-led by Lumis Partners, Virender Rana, Lenskart co-founder Amit Chaudhary, Padmaja Ruparel, Cashkaro co-founder Rohan Bhargava, Rajat Jain, and other investors. The proceeds will be utilized to further advance its artificial intelligence capabilities to automate accounting and tax compliance processes, ramp up customer acquisition, and expand its workforce, Febi.ai said in a press release. Co-founded in 2022 by Amit Jindal, Saurabh Jain, Ashu Goel, and Rahul Bansal, Febi.ai leverages AI technology to eliminate the hassles of manual data entry and errors in accounting and invoice verification. The platform automates documentation management and tax compliance while providing founders and entrepreneurs with real-time business insights to make informed decisions with greater confidence. The Gurugram-based company aims to solve real-time problems faced by teams and end users of existing accounting and tax compliance platforms. The platform claims to have been built by the chartered accountant community and will empower entrepreneurs and the CA community with real-time insights and effective ways to manage accounting and tax compliance functions. Febi uses a cutting-edge AI/ML platform, coupled with a team of seasoned domain experts, including CAs and personal accountants, to ensure seamless management of all accounting, tax compliance, and finance operations in real-time. It also leverages a dedicated personal accountant for strategic financial guidance and support.

Microsoft and others are making new tools to help small businesses capitalize on AI

Economic Times

Economic Times · 1y ago

Microsoft and others are making new tools to help small businesses capitalize on AI

The article discusses how small businesses are leveraging artificial intelligence tools to improve their operations. Microsoft's Copilot allows users to perform tasks such as summarizing emails or drafting emails in a conversational tone. MasterCard is also piloting a product called Small Business AI to help small business owners analyze data and offer resources for business growth. These tools aim to enable smaller businesses to integrate AI into their operations in more advanced ways.

Medtronic to invest $60 million on global IT centre in Hyderabad

Economic Times

Economic Times · 1y ago

Medtronic to invest $60 million on global IT centre in Hyderabad

US medical technology company Medtronic has announced an investment of $60m to expand its Global IT Centre in Hyderabad, India. The investment will be rolled out over the next three to five years and is expected to create 300 new jobs. The centre will focus on cloud engineering, data platforms, digital health applications, automation, artificial intelligence, and machine learning. Medtronic believes that the expansion of its IT centre will increase productivity, manage risks, and drive growth in healthcare technology. The company is also looking at redesigning products to make them more affordable for patients in India.

Bhutani Infra, Yashoda Hospital to jointly build 10.25-acre mixed-use project in Greater Noida

OutlookIndia

OutlookIndia · 1m ago

Bhutani Infra, Yashoda Hospital to jointly build 10.25-acre mixed-use project in Greater Noida

Bhutani Infra has partnered with Yashoda Hospital to develop a mixed-use project on a 10.25-acre land in Greater Noida. The project will include a hospital, a 5-star hotel, office spaces, and retail areas, with an estimated investment of Rs 1,000 crore, excluding land costs. Yashoda Hospital will manage the medical infrastructure, aiming for proactive and AI-driven healthcare services that integrate technology and well-being into daily life.

Consulting firms forge a unique partnership: AI working in tandem with CAs

Livemint

Livemint · 1y ago

Consulting firms forge a unique partnership: AI working in tandem with CAs

Consulting firms are increasingly turning to artificial intelligence (AI) to boost efficiency and diversify their services. This move towards technology results in fewer employment opportunities at the junior level. Firms like Uniqus Consultech are seeking to scale up revenues without increasing headcount, while Deloitte is investing in AI to drive productivity and regulatory compliance. However, employees need to be upskilled to handle these emerging technologies. AI is particularly useful in tax functions, as it can automate processes and accelerate decision-making. Consulting firms are actively exploring ways to leverage AI for tax audits and regulatory compliance.

Wipro and Nokia launch 5G wireless network solution for enterprises

Livemint

Livemint · 1y ago

Wipro and Nokia launch 5G wireless network solution for enterprises

Wipro and Nokia have collaborated to launch a private 5G wireless solution that aims to assist enterprises in their digital transformation. The solution will first be made available to companies in industries such as manufacturing, energy, utilities, transportation, and sports entertainment. The offering will integrate a 5G private network solution with the enterprises' operational infrastructure, improving connectivity speed, real-time access to data, and the ability to process large volumes of data with low latency. This partnership aims to enable companies to manage their performance and address security concerns with the help of a private wireless network.

Govt may revive old data centre policy with AI and ML sops

Economic Times

Economic Times · 10m ago

Govt may revive old data centre policy with AI and ML sops

The Indian government is considering reviving its 2020 draft of the data centre policy to meet the growing demands of the industry. The policy may include granting infrastructure status to data centres, as well as additional incentives for setting up advanced AI and ML data centres. The government estimates that the investment opportunity in data centres could reach $6-7 billion by 2026. To manage costs, the policy may propose dedicated zones with tax breaks, and explore options for uninterrupted power supply. The 2020 draft also suggested simplified clearances and incentives for using locally manufactured IT hardware.

How Chandigarh-Based uEngage Is Liberating F&B Sellers From The High Commission Trap

Inc42 · 1y ago

How Chandigarh-Based uEngage Is Liberating F&B Sellers From The High Commission Trap

uEngage is a Chandigarh-based startup that provides online ordering solutions to restaurants and helps them save on commissions from food aggregator platforms. The company offers three tech solutions - Edge, Flash, and Prism - that allow restaurants to create custom ordering apps, manage deliveries, and automate marketing efforts. uEngage operates on a zero-commission model and charges a transaction fee of 2% plus GST. The startup is also actively engaged with the Open Network for Digital Commerce (ONDC), allowing businesses to integrate with the open digital commerce network.

Spacetech startup Digantara chosen for Australia-backed debris management project

Economic Times

Economic Times · 1y ago

Spacetech startup Digantara chosen for Australia-backed debris management project

Digantara, an Indian spacetech startup focused on space situational awareness (SSA), has been selected for a joint industry space mission called Mission for Australia-India's Technology, Research and Innovation (Maitri). The mission aims to manage debris in space and has received grants of AUD $8.5 million from the Australian Space Agency. Digantara will be the primary partner in the SSA category and will work with Space Machines Company to integrate optical sensor technology onto an Australian-built Orbital Servicing Vehicle. The mission aims to enhance space traffic management and debris monitoring. Digantara plans to release 40 satellites using its Space-Mission Assurance Platform.

Collibra acquires data access startup Raito | TechCrunch

TechCrunch · 1m ago

Collibra acquires data access startup Raito | TechCrunch

Collibra, a Brussels-based data governance platform, has acquired Raito, a data access startup, to enhance its offerings in the AI era. Raito helps manage internal data access, addressing a growing issue for enterprises. Collibra CEO Felix Van de Maele highlighted the need for scalable solutions, noting that legacy approaches are insufficient. The acquisition improves Collibra's data access controls, complementing their existing product, Collibra Protect. Raito's cloud-native technology aligns with current AI advancements, furthering Collibra’s unified governance platform.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

Perplexity’s CEO on why the brows ...

Lovable becomes a unicorn with $2 ...

Download the medial app to read full posts, comements and news.