Did you know  ?  You can help your staff “age” with grace… give them safety of regular Pension in Private sector too. ( at No cost to you)

You run a private sector company. + Your staff does not get any pension, after they retire…..
💐

What if their kids don’t take care of them, when they get “Old age”.
🤔
How about giving them the net of pension safety ?

Did you know  ?  You  and they can Save More Income tax than you currently do ?  On the “additional Rs 50,000” u/s 80CCD(2).

Many Clients of Finsys have already started this Innovative Scheme of Govt of India, and getting good tax benefits for self and other staff.

This is called NPS

One can save tax in three ways via NPS. First, NPS investments are eligible for deduction under Section 80C. ( LIC, School Fee, Housing Loan instalment etc)

If one has already exhausted the Rs 1.5 lakh ceiling under Section 80C, one can claim an additional deduction of up to Rs 50,000 under Section 80CCD(1b). Lastly, up to 10% of the basic salary put in the NPS can be claimed as deduction under Section 80CCD(2).

Even, those very close to retirement, can claim more tax benefits if their company offers the NPS benefit. Under Section 80CCD(2), up to 10% of the basic salary put in the NPS by the company on behalf of the employee is tax free.

Point to note: The entire amount withdrawn will not be tax free. Though there is no reference to this in the tax laws, one can reasonably assume that 60% of the withdrawn amount will be tax free while the balance 40% will be taxed at the normal rate.

This is actually an intelligent, simple and user friendly deferment of tax

So, instead of paying a big 30% tax now

you can deposit now, Save tax.

on the top of it, earn 5% p.a. to 20% p.a. cumulatively on that ….  based on your investment profile ( Shares vs Private Debt vs Govt Debt )

You may pay the tax (if any) when you retire

Of course , Old age income ke liye ke liye saving to karni hi Chahiye

Note : By that time the tax exemption limits might have reached Rs 20 lakh or maybe Rs 30 lakhs…. and all your NPS pension money might be tax free after all Section 80CCD(2) NPS Tax Benefits 2026

NPS Scheme – NSDL Site – Section 80CCD(2) NPS Tax Benefits 2026

https://enps.nsdl.com/eNPS/NationalPensionSystem.html

• • Guidelines for Online Registration

NPS Trust welcomes you to ‘eNPS’ ,which will facilitate:- Section 80CCD(2) NPS Tax Benefits 2026

➤  Opening of Individual Pension Account under NPS (only Tier I / Tier I & Tier II) by All Indian Citizens (including NRIs) between 18 – 70 years

➤  Making initial and subsequent contribution to your Tier I as well as Tier II account

For Account opening, you need to:

✔  Have Mobile number, email ID and an active Bank account with net Banking facility enabled

✔  In case, an applicant selects to open the individual pension account with PAN, the activation of

the PRAN is subject to KYC verification by the empanelled POP (name and address should

match with POP record) selected by applicant during the registration process.

To view the list of empanelled POP, Click Here

✔  Fill up all the mandatory details online

✔  Click Here for guidelines on filling details if Applicant residence for tax purposes in jurisdiction (s)

outside India

✔  Scan and upload your photograph (optional for Aadhaar) and signature

✔  Make online payment (Minimum amount of ₹ 500)

✔  Subscriber will have an option to authenticate form through OTP Authentication or eSign process

Some Extracts from the Sites of some banks offering the same : ( MLG has no allegiance with any of them )

UBI Website link :

https://www.unionbankofindia.co.in/english/nationalpensionsystem

.aspx

National Pension System (NPS) – Section 80CCD(2) NPS Tax Benefits 2026

https://www.hdfcbank.com/personal/invest/nps-national-pension-system

National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to facilitate a regular income post retirement to all the subscribers. PFRDA (Pension Fund Regulatory and Development Authority) is the governing body for NPS.

Salient Features & Benefits – Section 80CCD(2) NPS Tax Benefits 2026

National Pension System (NPS) is based on unique Permanent Retirement Account Number (PRAN) which is allotted to every subscriber. In order to encourage savings, the Government of India has made the scheme reassuring from security point of view and has offered some attractive benefits for. NPS account holders.

An NPS Account offers the following benefits:

• Regulated: NPS is regulated by PFRDA (Pension fund regulator under Ministry of Finance, Govt. of India.) which ensures transparent norms governing the activities. NPS Trust ensures adherence to the guidelines through regular monitoring.
• Voluntary: It is a voluntary scheme for all citizens of India. You can invest any amount in your NPS account and at anytime.
• Flexibility: You have the flexibility to select or change the POP (Point of Presence), investment pattern and fund manager. This ensures that you can optimize returns as per your comfort with various asset class (Equity, Corporate Bonds, Government Securities and Alternate Assets) and fund managers.
• Economical : NPS is one of the lowest cost investment products available.
• Portability: NPS account or PRAN will remain same irrespective of change in employment, city or state.
• Superannuation Fund transfer: NPS account holders can transfer their Superannuation funds to their NPS account without any tax implication. (Post approval from relevant authorities)
• Tax Benefits: NPS offers triple tax benefits which are as follows:

    *Employer contribution benefit is capped upto 7.5 lakhs for NPS, PF & Superannuation

https://sbi.co.in/web/personal-banking/investments-deposits/govt-schemes/nps

Revolutionizing Finance: Automated Accounts Vouchers via QR Codes

Indeed, manual data entry in the accounts department is one of the biggest bottlenecks in manufacturing today. Recently, the Finsys development team introduced a “Game-Changer” solution. Specifically, we have enabled the creation of a Purchase Voucher by scanning a QR code. This technology bridge between the store and accounts ensures that hours of bill booking are reduced to mere seconds.

How the QR-Based Voucher System Works

Initially, when materials arrive at the factory gate, the store team generates an MRR (Material Receipt Report) or SRB (Store Receipt Bill) slip. Notably, Finsys ERP automatically prints a unique QR code on this document.

The Accounts Workflow is now simplified:

1. Select Voucher Type: The accountant opens the purchase voucher screen in Finsys ERP.

2. Scan to Populate: Instead of typing item codes or quantities, the user simply scans the QR code from the store slip.

3. Instant Data Entry: As a result, the system pulls all relevant data including the Purchase Order (PO) number, item rates, approved quantities, and applicable GST.

Eliminating Errors and Discrepancies – Accounts Voucher using QR code

Admittedly, manual entry often leads to mismatches between the PO rate and the final bill. Fortunately, with QR-based automation, the system ensures 100% data integrity.

The system automatically verifies the following:

• PO Values: It cross-references the agreed rate in the Purchase Order.

• Quantity Pass: Only the quantities approved by the Quality Control (QC) team are pulled into the voucher.

• Tax Calculations: It ensures the correct GST application based on the HSN code and vendor location.

Strategic Benefits for the Finance Department – Accounts Voucher using QR code

Ultimately, this “One-Click” voucher creation is about more than just speed. Furthermore, it allows your senior accountants to focus on financial analysis rather than clerical data entry.

Key Advantages include:

• Massive Speed Gains: Turn “Hours into Minutes” for high-volume bill booking.

• Digital Audit Trail: Every voucher is linked directly to the store receipt and PO, providing a perfect audit trail.

• Real-Time Payables: Management can see accurate vendor payables and stock values instantly.

Conclusion: Digitalizing Your Top Floor

To conclude, Finsys ERP continues to revolutionize the manufacturing sector by integrating physical movements with digital accounting. By adopting QR and Barcode scanners for accounts, you ensure that your financial data is as agile as your production line.

Watch the Live Demonstration: Accounts Voucher QR/Barcode System

Ready to Eliminate Manual Bill Entry?

• • Official Website: Finsys Infotech Pvt Ltd

  • Watch More ERP Innovations: Finsys YouTube Channel

  • Get a Demo: Contact our Sales Team Today

Manufacturing Excellence: Karnataka Blow Moulding Leader Selects Finsys ERP

Indeed, the plastic manufacturing sector in South India is embracing a new era of digitalization. Recently, Finsys ERP was awarded a significant contract to implement its specialized manufacturing software at a leading Blow Moulding plant in Karnataka.

Initially, this partnership marks a strategic step for the Karnataka-based company to streamline its high-volume production using the robust, Oracle-based Finsys platform.

The Art of Blow Moulding: Why Specialized ERP is Essential

Admittedly, the blow moulding process is unique. It is specifically designed to manufacture high-volume, one-piece hollow objects like bottles and containers with uniform, thin walls. Consequently, managing the complexities of this process requires an ERP that understands the “Shop Floor First” logic.

How Finsys ERP Powers Blow Moulding Efficiency:

• Shot Weight & Parison Control: The cost to produce a blow-moulded product is based on the weight of the plastic shot used. Finsys tracks this at a granular level.

• Machine-Wise OEE: Monitor machine performance and down-time reasons specifically for blow moulding cycles.

• Regrind & Scrap Tracking: Efficiently manage polymer scrap and “lumps” to ensure zero material leakage.

• Tooling & Mould Lifecycle: Track the life of your moulds to ensure preventive maintenance before quality dips.

Strategic Advantages of Blow Moulding

Furthermore, it is important for academic and industrial learners to note the distinct advantages of this manufacturing method:

1. Lower Production Costs: Blow moulding costs are typically lower than injection moulding.

2. Economical Machinery: Initial capital expenditure on blow moulding machinery is often more accessible.

3. Complex Shapes: The “one-piece construction” eliminates the need for connecting part halves, allowing for shapes that injection moulding simply cannot achieve.

Why Leading Plastic Manufacturers Choose Finsys – ERP for Blow Moulding Plant Karnataka

Ultimately, Finsys ERP has been a trusted partner for the plastic and engineering sectors since 1992. Notably, with over 900 successful installations, our software is tailored to manage everything from Purchase and Planning (MRP) to Quality Control and GST-compliant Accounting.

By choosing Finsys, our new Karnataka-based partner will benefit from:

• Ready-to-Use Vertical Solutions: No need for expensive, time-consuming customizations.

• Mobile Connectivity: Access production reports and approve POs directly from Android and iOS devices.

• Batch-wise Traceability: Full “Gate-to-Gate” tracking of raw materials to finished products.

Conclusion: A Growing “Finsys Parivaar” in Karnataka

To conclude, we congratulate our team and our new partner in Karnataka. Indeed, this project reinforces Finsys’s position as a leader in specialized ERP software for the plastic industry. Together, we are making “Made in India” more systematic and globally competitive.

Stay Connected for More Industry Insights:

• Official Website: Finsys Infotech Pvt Ltd

• Watch Success Stories: Finsys ERP YouTube Channel

Powerpoint Presentation –

– for the CFO Role in a Company

to Download the powerpoint presentation, shown in this video, please go to our Google Drive , link below

Beyond the Balance Sheet: The Strategic Role of a CFO in Manufacturing

Indeed, in the modern manufacturing era, the role of a Chief Financial Officer (CFO) has evolved far beyond simple bookkeeping and tax compliance. Specifically, a CFO today acts as a “Strategic Navigator,” using real-time data from the ERP to drive profitability and operational efficiency.

As shared by Sangeet Gupta, here are the top 10 critical things a CFO must monitor and execute to transform a factory from a person-driven to a system-driven organization.

1. Ensuring Data Reliability Across Plants

Initially, a CFO must ask: “Which plant data is raliable?” Admittedly, showing a stock of ₹10 Crores is easy, but verifying its physical existence is the challenge. Notably, a CFO must motivate plant heads to ensure that the ERP data is a “Single Source of Truth.” If the system reports a stock, the CFO should be able to say with confidence, “This is correct because our internal audits are robust.” Roles and Responsibilities of a CFO in Manufacturing

2. Managing Inventory Ageing and “Locked” Capital

Furthermore, a CFO must be the guardian of the company’s working capital. Typically, money gets trapped in slow-moving inventory, rejected customer stock, or forgotten raw material reels.

• Audit Step: Regularly review Inventory Ageing Reports.

• Action: Identify materials over 90 days old and push for their consumption or disposal. As a result, you reduce storage costs and interest burdens.

3. Bank Interest and Sanction Letter Audits

Typically, companies accept bank interest charges without verification. On the contrary, a strategic CFO audits the bank statement against the official Sanction Letter.

• The Check: Is the bank charging 8.2% when the letter says 7.5%?

• Impact: Over a large loan corpus, even a 0.5% discrepancy can lead to massive annual losses. Indeed, this is one of the “rare” deductions where the CFO can directly save the company money with one email to the bank manager.

4. Monitoring Internal Rejections and PPM

Admittedly, quality control is often seen as a production-only job. However, high rejection rates lead to financial leakage. A CFO must review:

• In-house Rejection Reports: Tracking the cost of “Muda” or wastage.

• Customer PPM (Parts Per Million): Reducing rejections saves logistics costs and protects the company’s brand value.

5. Fixed Asset Verification and Barcoding

Furthermore, a CFO must ensure that the “Fixed Asset Register” in Accounts matches the physical reality on the shop floor.

• Action: Implement QR/Barcode tagging for every machine, transformer, and vehicle.

• Goal: Aim for at least 10% physical verification every month to ensure assets haven’t been retired or scrapped without financial recording.

6. Strategic Vendor and Customer Relationships

Ultimately, a CFO’s desk should not be the end of their world. By meeting top-tier (Category A) vendors and customers, a CFO can:

• Resolve long-standing payment or rate discrepancies.

• Negotiate better credit terms or cash discounts.

• Understand the “Financial Health” of their supply chain partners.

7. Compliance and Statutory Discipline

Notably, late filings lead to penalties and a loss of GST credit for customers. A CFO must set an Internal Due Date—for example, treating the 7th of the month as the deadline for a task that is legally due on the 10th. Consequently, you ensure “Ease of Doing Business” and 100% compliance without last-minute panic.

8. Item-Wise Profitability Analysis

Typically, a company might be profitable overall while losing money on specific products.

• CFO Mandate: Review the Gross Profit (GP) per Item.

• Red Flag: If an item’s GP is below 30% or negative, it requires an immediate “Make or Break” decision with the marketing team.

9. Leveraging Innovative Schemes (NPS)

Furthermore, a CFO should look for tax-efficient ways to benefit the staff. For instance, implementing the NPS (National Pension System) under Section 80CCD(2) provides social security to employees at no extra cost to the company while saving significant income tax for both the employer and employee.

10. The Power of “Drill-Down” MIS

To conclude, a CFO must use an ERP that allows for “Drill-Down” reporting. Instead of asking “Why is collection low?”, the CFO should be able to click on the collection tile and see exactly which customer has delayed payment.
So These are the Roles and Responsibilities of a CFO in Manufacturing

Watch the Full Training Video: Roles of a CFO – Top 10 Ideas

3. Outro & Call to Action

Ready to Empower Your Finance Department?

• Official Website: Finsys Infotech Pvt Ltd

• Explore More Insights: Finsys YouTube Community

• Get a Demo: Transform Your Finance with Finsys – Contact Us