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GST e-Invoicing: Key Features

GST e-Invoicing: Key Features

e-Invoicing, or electronic invoicing, is a system in which GSTN authenticates B2B invoices digitally and returns them to the supplier for further processing. The most significant advantage of this setup (uploading invoices on the common portal) is that it automates multi-way reporting by requiring only a single data entry.  At the 35th GST Council Meeting, the GST council implemented electronic invoicing to make B2B invoice […]

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Invoice Automation and its Relevance to Invoice Processing

Invoice Automation and its Relevance to Invoice Processing

A purchasing firm/purchaser has to be extra cautious while verifying an invoice. They must confirm the purchase, assure proper payment, and transfer the amount within the agreed timeline. Right from ascertaining the purchase to payment transfer, the entire process consumes much time, labor, and expense if performed manually (paper-based). According to EY’s 2018 global electronic […]

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Challenges of GST e-invoicing

Challenges of GST e-invoicing

Electronic-invoicing or e-invoicing is a system to authenticate B2B invoices digitally. According to this system, a standard invoice is converted into JSON format and uploaded to the Invoice Registration Portal (IRP). Each invoice is given a unique invoice reference number (IRN) from the IRP and a QR Code after it is digitally signed. The QR […]

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Tips to Reduce Invoice Processing Costs

Tips to Reduce Invoice Processing Costs

If you keep a close watch on costs incurred at your company, you would know how automating certain critical areas can help your business be more cost-effective. One of the major areas where you can cut costs is in the area of invoice processing. Processing invoices is an essential part of transactions that takes place […]

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How AI-powered invoice capture solutions work?

How AI-powered invoice capture solutions work?

Invoicing is a taxing ordeal with procedures that drive costs higher, requiring more manpower, and taking time to get the job done right. Over the past few decades, the process of digitization of invoices has reduced the impact of that ordeal substantially. Integrating an invoice processing solution into your supply chain can prove to be […]

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