E-Invoice improves the invoice processing performance by eliminating errors, reducing inbound customer inquiries and faster approvals.
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TABLE OF CONTENTS:
Key Takeaway
- Customers choose DataNub E-invoice application to automate Government mandatory regulatory norms.
- Approx 100 + invoices which are been manually uploaded on daily basis to regulators are automated through this process
- 4 hours of repetitive task on daily basis are automated, further better error handing mechanisms are brought in place.
Challenges
- As per the Government mandate companies turn over more than 500 CR INR requires a mandatory upload of invoices to E-Invoice portal to obtain IRN & QR code.
- As customer is using SAP for invoice generation , the same needs to be downloaded manually and further needs to be uploaded to the portal
- Tracking of IRN, QR code and Invoice was difficult as the process are been done manually by different team which resulted in compliance issues & challenges
Initiative
- Customer evaluated variety of solution and finally decided to proceed with DataNub E-Invoice Solution
Solution
- DataNub created an E-Invoice Cockpit which allows customers to maintain mandatory master data
- Customer can use Cockpit to generate the invoice , process the invoice , the tool is capable enough to reach E-Invoice portal to register QR code & IRN number
- A custom report has been created to see the list of invoices which are been generated and corresponding QR code & IR number
Benefits
- 100 % compliance
- Manual works are automated.
- Better error handing procedure in place
Next Steps
- Customer wants to roll out for other branches
- Customer would like to implement further solution to automate the process
Client remarks
DataNub E-invoice solution helped us to meet our management initiate of digitization and automation. it saved significant amount of time spent by our finance team.
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