Blog – Innoval Digital Solutions Pvt Ltd https://www.ivldsp.com Value delivered thro innovations Thu, 05 Jun 2025 06:40:58 +0000 en-GB hourly 1 https://wordpress.org/?v=4.4 OptiSuite10x: The All-in-One SAP Add-On for Indian Enterprises’ Compliance and Trade Needs https://www.ivldsp.com/blog/optisuite10x-the-all-in-one-sap-add-on-for-indian-enterprises-compliance-and-trade-needs/ Thu, 05 Jun 2025 04:30:42 +0000 https://www.ivldsp.com/?p=13869 For Indian enterprises navigating the complexities of indirect taxation, international trade, and statutory documentation, managing compliance within SAP can be a daunting task. Enter OptiSuite10x by Innoval Digital Solutions Pvt Ltd (IVL)—a comprehensive, SAP-certified add-on solution that streamlines compliance, automates documentation, and empowers businesses to stay ahead in a rapidly evolving regulatory landscape.

What is OptiSuite10x?

OptiSuite10x is an advanced suite of SAP add-ons designed specifically for Indian enterprises. Certified for deployment on SAP S/4HANA 2020, it addresses a wide spectrum of statutory requirements, including indirect taxation (GST), international trade (EXIM), e-invoicing, e-way bills, and digital signatures—all within your existing SAP environment. Originally launched as OptiTrade in 2004, OptiSuite10x has evolved through decades of domain expertise and is trusted by over 350 enterprise customers across diverse industries.

Key Modules and Features

 

Module Functionality
OptiGST End-to-end GST management, from e-filing returns to vendor/customer reconciliation
OptiEway Bill Automated generation and management of e-way bills as per GST requirements
OptiEXIM Smart export/import management, compliance with foreign trade policies, and automated documentation
OptiInvoice Seamless e-invoicing integrated with government portals in real time
OptiSign Bulk digital signing and printing of SAP documents, ensuring universal formatting and compliance
IDeck & ProActivate Automation of invoice processing, OCR/NLP-based data extraction, and accounts payable acceleration

 

Additional Highlights

  • Digital Statutory Documentation: Automated, digitally enabled documentation for Indian export/import scenarios.
  • Dashboards & Analytics: Real-time compliance dashboards, analytics, and exception management.
  • Integration with SAP S/4HANA: Certified for seamless interoperability, leveraging SAP Fiori for an intuitive user experience.
  • No Additional Hardware Needed: Installs directly within SAP, requiring no extra infrastructure4.

Why OptiSuite10x Stands Out

  • Proven Track Record: Over 20 years of SAP add-on innovation, with 350+ enterprise implementations.
  • Comprehensive Coverage: From GST and e-way bills to EXIM and digital signatures, all compliance needs are addressed in one suite.
  • Automation and Efficiency: Reduces manual workload, accelerates documentation, and minimizes compliance errors—customers have reported up to 50% reduction in processing time and 40% fewer compliance errors4.
  • Regulatory Agility: Regular updates ensure alignment with the latest statutory changes and government requirements.
  • Trusted by Industry Leaders: Used by top Indian enterprises across sectors, including pharmaceuticals, logistics, and manufacturing.

Who Should Consider OptiSuite10x?

  • Indian enterprises using SAP ECC or SAP S/4HANA seeking to automate and simplify compliance.
  • Organizations with significant export/import operations or complex GST requirements.
  • Businesses aiming for digital transformation, operational efficiency, and reduced compliance risk.

Conclusion

OptiSuite10x is more than just a compliance tool—it’s a strategic enabler for Indian enterprises on SAP. By centralizing and automating statutory processes, OptiSuite10x frees your teams to focus on growth and innovation, not paperwork and manual reconciliations. With its proven reliability, deep SAP integration, and ongoing support from IVL, OptiSuite10x is the smart choice for future-ready compliance and trade management.

Empower your SAP landscape with OptiSuite10x—where compliance meets efficiency and innovation.

 

]]> Transforming GST Compliance in SAP ERP with IVL’s OptiGST Solution https://www.ivldsp.com/blog/transforming-gst-compliance-in-sap-erp-with-ivls-optigst-solution/ Mon, 02 Jun 2025 04:30:20 +0000 https://www.ivldsp.com/?p=13866 For Indian enterprises running on SAP ERP, Goods and Services Tax (GST) compliance can often feel like navigating a maze—fraught with manual steps, reconciliation headaches, and ever-changing statutory requirements. IVL’s OptiGST, a certified SAP add-on, is purpose-built to simplify this journey, offering a robust, end-to-end GST solution that integrates seamlessly into your existing SAP landscape.

What is OptiGST?

OptiGST is an advanced GST compliance solution designed by Innoval Digital Solutions Pvt Ltd (IVL), leveraging over two decades of expertise in SAP-certified add-ons. It is engineered to automate and streamline every aspect of GST management, from return preparation and filing to reconciliation and analytics—all within the familiar SAP ERP environment.

Key Features at a Glance

  • Comprehensive GST Returns: Supports all major GST returns (GSTR 1, 2A, 3B, 6, 9, ANX-1, ANX-2, RET-01) and ledgers (Cash, ITC, Liability)
  • Seamless SAP Integration: Installed directly in IVL’s registered SAP namespace, OptiGST ensures zero conflicts with existing SAP or custom objects and requires no additional hardware or technology upgrades.
  • Automated Data Extraction: Pulls data from SAP using configurable identifiers, with bi-directional data transfer to GSTN for electronic filing via GSP integration.
  • Vendor Reconciliation: Automates matching of purchase registers with GSTR 2A/ANX-2, identifies mismatches and defaulting vendors, and enables direct communication with vendors for resolution.
  • Input Service Distribution (ISD): Facilitates distribution of input service credits, ISD reversals, and challan management.
  • Refund Management: Handles refund claims (RFD-01), including for exports and deemed exports, with detailed annexures.
  • Dashboards & Analytics: Real-time compliance, exception, and reconciliation dashboards, plus MIS reports for sales and purchases.
  • Data Consolidation: Ideal for enterprises with multiple SAP/ERP instances, consolidating data before GST filing.
  • Edit and Self-Service Tools: Utilities to edit GST returns data, search taxpayers, check return status, and troubleshoot issues independently.

Why Choose OptiGST?

  1. Faster, More Efficient Compliance

OptiGST eliminates the need for manual data movement, file uploads/downloads, or separate ASP ecosystems. All GST activities—from data extraction to filing—are performed directly within SAP, reducing errors and accelerating compliance cycles.

  1. Cost-Effective and Scalable

There are no hidden costs for additional hardware, manpower, or database administration. The solution’s pricing does not increase with business volume, making it highly scalable for growing enterprises.

  1. Robust Information Security

Installed within your SAP instance (on-premise or cloud), OptiGST incorporates encoding and encryption, ensuring that sensitive GST data remains secure and compliant with organizational policies.

  1. Flexible Deployment

OptiGST supports regular, embedded, and hub deployment models—catering to single-instance SAP customers, multi-ERP environments, and high-volume enterprises alike.

  1. Continuous Innovation and Support

With a proven track record and a dedicated product team, IVL delivers regular updates to address statutory changes from GSTN, ensuring your compliance processes remain future-proof.

Value-Added Features

  • Vendor Reconciliation: Automated, flexible, and file-free reconciliation for hassle-free input tax credit.
  • Report Extensions: Enhanced reconciliation with SAP FI module G/L accounts.
  • Compliance Dashboards: Visualize compliance status, exceptions, and reconciliation outcomes in real time.
  • Training and Documentation: Comprehensive user manuals and self-service tools for smooth adoption.

Who Should Consider OptiGST?

  • Enterprises using SAP ERP (ECC or S/4HANA) seeking to automate GST compliance.
  • Organizations with multiple SAP/ERP instances needing consolidated GST return filing.
  • Businesses aiming to reduce manual intervention, errors, and compliance risks in GST processes.

Conclusion

IVL’s OptiGST stands out as a mature, secure, and SAP-native solution that transforms GST compliance from a burden into a business advantage. With its deep SAP integration, automation, analytics, and scalable architecture, OptiGST empowers enterprises to stay ahead of regulatory changes and focus on growth—not paperwork.

For more details, visit to know more: https://www.ivldsp.com/products/optigst/

Say goodbye to GST compliance delays and data mismatches—OptiGST brings efficiency, security, and peace of mind to your SAP ERP landscape.

 

]]> The Importance of the Right Partner for Your SAP BTP Journey https://www.ivldsp.com/blog/the-importance-of-the-right-partner-for-your-sap-btp-journey/ Tue, 20 May 2025 09:28:32 +0000 https://www.ivldsp.com/?p=13855

As organizations accelerate their digital transformation, SAP Business Technology Platform (BTP) is increasingly central to building intelligent, integrated, and agile enterprises. But as with any significant technology shift, the path to realizing BTP’s full value is shaped not only by the platform itself, but also by the expertise and guidance of the partner you choose.

Understanding the SAP BTP Landscape

SAP BTP offers a unified environment for data management, analytics, application development, and integration. Its promise is clear: break down silos, enable real-time insights, and foster innovation. However, translating this promise into reality requires more than just technical migration—it demands a strategic approach that aligns technology with business priorities.

Value Propositions of a Thoughtful SAP BTP Partnership

  1. Strategic Alignment with Business Goals
    A capable partner helps you map BTP’s capabilities to your specific business objectives. This means not just implementing technology, but ensuring every step—from integration to analytics—serves your broader vision for growth, compliance, and efficiency.
  2. Accelerated Time-to-Value
    With experience across industries, an established partner like IVL brings proven frameworks and accelerators that help you avoid common pitfalls. This leads to faster deployments, reduced risk, and an earlier realization of benefits.
  3. Customization and Flexibility
    No two organizations are the same. A strong BTP partner tailors solutions to your unique processes and regulatory landscape, ensuring that the platform adapts to your needs rather than the other way around.
  4. Knowledge Transfer and Empowerment
    Beyond implementation, a value-driven partner invests in upskilling your internal teams. This ensures you’re not reliant on external support for day-to-day operations and can independently drive future innovation.
  5. Continuous Improvement and Innovation
    The SAP BTP journey doesn’t end at go-live. A collaborative partner helps you monitor, optimize, and expand your use of BTP, introducing new capabilities—such as advanced analytics or AI—when they align with your evolving business strategy.
  6. Customer Success and Testimonials

Clients consistently highlight IVL’s ability to deliver on time, address complex statutory requirements, and provide prompt, knowledgeable support. Our collaborative approach ensures that each implementation is tailored, scalable, and future-ready

“The five key enablers after adopting OptiEXIM way of import export management are:

  1. Automated 1st trigger: The solution in virtually integrated with global core in such a way that at the start of the day, user gets an automated work list to plan the days work.
  2. Workflow: right from the 1st to the last user, the workflow remains sequential i.e. unless preceding user performs his/her tasks & forwards the transaction, succeeding user cannot act.
  3. Mobility: The sole COVID savior in its true sense for BASF India Ltd., since the implementation happened 3 months before COVID lock down. Earlier system was standalone & could work only in office premise.
  4. Direct Filing: The ultimate output from OptiEXIM is an electronic file, that transmits to Customs revenue portal (ICEGATE) seamlessly for both import & export declarations.
  5. Analytics: Offers SAC as the analytics tool catering to daily, monthly, weekly reporting needs with infographical data representation & easily downloadable versions.
    – Customs & Foreign Trade – India – GBC/OG-CAI, BASF”

 

IVL’s Approach: Enabling Sustainable Value from SAP BTP

At IVL, our philosophy centers on partnership for long-term value creation. Here’s how we approach SAP BTP engagements:

  • Industry Insight: We bring deep understanding of sector-specific challenges, which informs our approach to compliance, automation, and integration.
  • Reusable Solutions: Our portfolio of SAP-certified tools and accelerators helps organizations address statutory requirements, streamline processes, and reduce manual effort.
  • Collaborative Delivery: We work closely with client teams, focusing on transparency, co-creation, and effective change management.
  • Support for Innovation: From cloud migration to advanced analytics, we help organizations unlock new business models and capabilities using BTP’s full potential.

Conclusion

Selecting the right partner for your SAP BTP journey is about more than technical expertise—it’s about finding a collaborator who understands your business, shares your vision, and is committed to your long-term success. By focusing on strategic alignment, knowledge transfer, and continuous improvement, organisations can ensure that their investment in SAP BTP delivers lasting value.

 

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About the Author

Sumeet Gupta

Sumeet is a graduate engineer in information technology from India’s leading engineering college. He had brief stints in Microsoft and SAP India. He is a SAP Certified ABAP consultant and has 10+ years of experience in working for large multinational organizations – ATOS India, Deloitte- US consulting before joining IVL. Sumeet is having competencies in managing large complex SAP development and implementation projects and was one of the first to be part of SAP HANA projects. Currently, he looks after IVL’s Mumbai delivery center and drives few strategic initiatives of the company.

]]> Is Global Trade Operating with Just 3 Documents? Let’s Check the Reality. https://www.ivldsp.com/blog/is-global-trade-operating-with-just-3-documents-lets-check-the-reality/ Thu, 15 May 2025 09:08:12 +0000 https://www.ivldsp.com/?p=13851

In recent years, the Indian government has made significant strides in improving business ease. One notable reform in the trade ecosystem is the reduction in the number of mandatory documents required for exports and imports to just three. This initiative, backed by a Customs notification—Circular No. 42/2016-Customs, dated 31 August 2016—was a welcome move aimed at simplifying trade processes and enhancing efficiency.

But is this the reality on the ground? Not quite.

While the official requirement has been trimmed to three documents (typically the Invoice, Packing List, and Shipping Bill/Bill of Entry), the actual number of documents involved in cross-border trade remains significantly higher. This discrepancy arises because trade documentation isn’t governed solely by customs regulations. Multiple stakeholders—foreign governments, banks, logistics providers, and compliance authorities—often require additional documents based on:

  • Product categories (especially regulated goods)
  • Country-specific import/export regulations
  • Bilateral or Free Trade Agreements (FTAs)
  • Letter of Credit (LC) requirements from banks

For instance, when transactions are backed by a Letter of Credit, banks often demand multiple supporting documents like Certificate of Origin, Bill of Lading, Insurance Certificate, Inspection Certificate, and more—far exceeding the simplified list.

So, what’s the solution?

It’s high time that global trade documentation is standardized and minimized. A key step in this direction would be to develop multi-purpose documents. For example, an invoice could incorporate declarations that serve as a Certificate of Origin, eliminating the need for separate paperwork.

This is especially important under FTAs or bilateral agreements, where documentation burdens tend to increase rather than decrease.

Global trade bodies such as the World Customs Organization (WCO) and UN/CEFACT must take proactive roles in driving this transformation. Guidelines alone are not enough—implementation must be audited. A ground-level reality check with exporters and importers should be periodically conducted to evaluate the actual number of documents they prepare and receive.

A streamlined, harmonized documentation process would benefit all stakeholders, reducing costs, avoiding delays, and improving compliance. Ultimately, achieving true simplification in global trade requires more than policy—it requires practical, actionable change, accepted by customs authorities, banks, and governments alike.

Would love to hear from you: If you’re in trade, logistics, or finance, how many documents do you really handle per shipment? Is simplification working for you?

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About the Author

Vivek C V

A qualified functional (In International Trade domain) as well as a trained IT Professional with over 15 years of total experience, out of which over 10 years in SAP ERP Implementation as well as a Business Analyst. Involved in Requirement analysis, Product Development and Leadership of Customer Support Team. Gained strong experience in Project Coordination, Business Analysis and Team Management. Being a Logistics Manager attained proficiency in managing the Commercial export/import operations encompassing logistics and allied functions. Comprehensive exposure in Profound understanding Customs rules & regulations, EXIM Policy ( Legal Compliance)

]]> IMS demystified https://www.ivldsp.com/blog/gst-reconciliation/ims-demystified/ Fri, 28 Mar 2025 11:17:08 +0000 https://www.ivldsp.com/?p=13726
Invoice Management System (IMS)

Invoice Management System (IMS) is a facility in GST system, where the invoices/records saved/filed by the supplier in GSTR-1/1A/IFF, can be accepted, rejected or kept pending by recipients in order to correctly avail ITC.

IMS itself is not new. IMS was launched on the GST Portal from 1st October 2024 and has been available to the taxpayers for taking actions on the received invoices/records from 14th October 2024 onwards.

(GST Portal: Dashboard > Services > Returns > Invoice Management System (IMS) Dashboard)

Refer FAQ

However, IMS took time to stabilize at GSTN. It did have teething issues at GSTN with document duplications and missing documents in GSTR2B.

There were many taxpayers waiting and watching, especially considering what happened to the Simplified GST Returns in 2020.

Thankfully, things have become more stable at the IMS recipient side.

Meanwhile, the 55th GST Council meeting (21st Dec, 2024) and the Finance Bill 2025 (Union Budget) have incorporated IMS as part of the statutory framework.

Let us first see where IMS stands in the spectrum of Input Tax Credit where GSTR2A and GSTR2B are well established.

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Major Challenges

Most of us might have heard that GSTN has proposed hard-locking of the auto-populated sections of GSTR3B.

It means that the auto-populated liability from GSTR1 / GSTR1A / IFF cannot be edited in GSTR3B, once this proposal becomes effective.

Similarly, the auto-populated Input credit as available in GSTR2B cannot be edited in GSTR3B in the near future.

As things stand, the hard-locking of liability in GSTR3B should not be a major concern for a taxpayer since things are well within the control of the supplier (Impact of Credit Note Rejection by recipient via IMS on the supplier’s GSTR3B is indeed a concern though).

Input Tax Credit in GSTR3B is not exactly under the full-control of the recipient considering the dependency on the vendor filing returns (resulting in ITC month being different from the accounting month in the ledger) and the transit time for goods (resulting in ITC month being different from the GSTR2B month). Any hard-locking of ITC can create extreme challenges to the taxpayers.

It is therefore imperative that the taxpayers start using the IMS without further delays and start action on the vendor documents in the portal: these have to be accepted or rejected or kept pending, so that the auto-populated data need not be edited in GSTR3B.

What happens to the old GSTR2B documents (say an invoice in Aug 2024 GSTR2B) for which ITC was not claimed yet and is being claimed now? These were deemed to be accepted and would not show up in IMS now. It has to be managed in GSTR2B reconciliation before the hard-locking comes into effect.

The other challenge is how to take action on IMS documents.

For taxpayers with more than 500 tax documents in a month, bulk actions cannot be done directly in the portal. It has to be done via integrated tools.

The next challenge is dependency with external agencies.

We know very well that ITC is dependent on vendor filing returns in time.Now we have a new dependency with customers as well. If a customer rejects a credit note in IMS, the supplier’s GST liability in auto-populated 3B will go up next month. How does a supplier know that a customer has rejected an invoice or credit note? It can be seen in the GSTN portal itself under IMS dashboard for the supplier, provided the volume of documents is less. Otherwise, it has to be done through integrated tools.

These were the newly-added challenges. Some of the other well-known challenges from the pre-IMS regime are listed below:

  • Stringent timelines – GSTR2B (14th) till GSTR3B (20th)
  • Manual processes / follow-ups with vendors
  • Missing docs / Mismatches (surprises impacting reconciliation)
  • Amendments by Vendors
  • Cancellations / Reversals in Books
  • Manual payment controls / PO release strategy
  • Time-barring: ITC u/s 16(4)
  • ITC Reversals under Rule 37 (non-payment to vendors) and 37A (non-filing of GSTR3B by vendor) & subsequent re-availing
Impact on Business (if these challenges are not addressed as part of an integrated process)
  • Higher cash outflow towards GST liability
    • unable to avail eligible ITC within time, interest loss
    • Unable to forecast GST payments under GSTR3B, in advance
  • Non-compliance
    • GST Notice / Litigation (liability discharged / ITC availed)
    • Delay in GSTR 3B
  • Productivity loss
    • manual processes in reconciliations, follow-up & response to Notices / Audit-queries

    • The most important point here for a CXO is the cost of non-compliance.

    For the CFO, it could be litigation and notices from GSTN

    For the CEO, it could be the branding itself. With the advent of information at fingertips, the business partners can easily know if there is a delay in GSTR-3B filing and the impact is not just penalty or interest but also the perception by prospects wanting to do business with another taxpayer.

    Let us look at one specimen Notice issued by GSTN – see the wordings “proceedings may be initiated” and also the timing (discrepancy for November 2024 GSTR3B filed in December 2024 identified in same month and explanation to be provided by 23-Jan-2025).

    We used to think that such notices would come after a year or two.

    No, it is happening fast.

    In this case, the recipient has availed ITC of INR 41.13 Lacs (approx.) under GSTR3B for Nov 2024. This was seen by GSTN to be in excess of the ITC in GSTR2B for the corresponding period by INR 7,074.58.

    One of the supplies was physically received only in November and hence ITC was availed in November whereas this ITC is not part of November 2B (it was part of October 2B).

    The recipient had not used IMS in Oct 2024 to keep this supplier document pending and this document was deemed to have been accepted under October GSTR2B. However, the recipient did not avail ITC for this invoice in October GSTR3B and instead availed the same in November.

    Ideally such cases should be marked as pending in IMS before 3B is filed.

    Of course, there are taxpayers who have been managing this indirectly by a combination of availing, reversal and reclaims but that has no traceability in the GSTN portal.

    The kind of manual effort that goes into reconciliations, follow-up with vendors and litigations is a cause of worry, when this effort can be utilized for more creative activities

Innoval offers you IMS under OptiGST umbrella.

OptiGST (SAP Add-On) to leverage IMS:

OptiGST has options to fetch (& report) IMS data from the portal, reconcile IMS data with Purchase Register and provide options for individual/bulk IMS actions.

It helps to save time and money by early and accurate reconciliation, minimize hassles (same ITC in GSTR2B &GSTR3B)

OptiGST provides flexible options for staggered reconciliation on a delta basis (IMS with Purchase Register) and/or one-time reconciliation of GSTR2B with Purchase Register followed by IMS actions (acceptance/rejection/pending) and recomputing of GSTR2B.

The solution provides option for Bulk actions in IMS at the click of a button (Acceptance, Rejection, Pending, Reset). It also identifies documents with exact match or acceptable differences and proposes bulk acceptance based on configurations. The solution also identifies and proposes documents that can be kept pending (bulk action). There are options to send bulk emails to vendors for documents missing in the portal, with configurable parameters for email body, attachment, sender and recipients.

The solution also handles validation of IMS actions in a configurable way.

Innoval is releasing the next version of OptiGST IMS by April 2025 to handle the Supplier side IMS, wherein a supplier can identify if their invoice is rejected by a customer and then decide on the next steps (whether to issue credit note or request the customer to reconsider their IMS action). Similarly, information on credit note rejections by a customer can be helpful to plan the next steps on GST liability and accounting entries.

Data Security – Data resides within the customer landscape with access control by the customer’s security team. There is no need for separate user logins / user management / data management / backup / Disaster Recovery steps as the solution and data are integrated components of the customer’s SAP landscape. Encryption/Decryption are done within the SAP landscape itself.

Integration (with P2P process in SAP as well as Govt. Portals)

There is no need for any manual steps: No data entry, no download/upload, no offline tool, no spreadsheet, no Json, no outlook – these can be done by click of a button, that too, from within SAP.

There are integrated IMS cockpits and reporting options with download facilities for users based on roles and responsibilities.

Best practices – Custom validations / automations / controls / email notifications / workflows

For more details, please feel free to request for a meeting/demo.
Download Brochure

Finance Bill 2025 (Union Budget)
Refer page 66-67

  1. Amendment of section 34

In section 34 of the Central Goods and Services Tax Act, in sub-section (2), for the proviso, the following proviso shall be substituted, namely: –

“Provided that no reduction in output tax liability of the supplier shall be permitted, if the–

  • input tax credit as is attributable to such a credit note, if availed, has not been reversed by the recipient, where such recipient is a registered person; or
  • incidence of tax on such supply has been passed on to any other person, in other cases.”.
  1. Amendment of section 38

In section 38 of the Central Goods and Services Tax Act, –

  • in sub-section (1), for the words “an auto-generated statement”, the words “a statement” shall be substituted;
  • in sub-section (2), –
  • for the words “auto-generated statement under”, the words “statement referred in” shall be substituted;
  • in clause (a), the word “and” shall be omitted;
  • in clause (b), after the words “by the recipient,”, the word “including” shall be inserted;
  • after clause (b), the following clause shall be inserted, namely: – “(c) such other details as may be prescribed.”.
Key excerpts from 55th GST Council meeting on 21st Dec 2024 (Jaisalmer, Rajasthan):

Refer D7 (Page 7):

Amendment in CGST Act, 2017 and CGST Rules, 2017 in respect of functionality of Invoice Management System (IMS)

The GST Council recommended inter-alia:

  1. To amend section 38 of CGST Act, 2017 and rule 60 of CGST Rules, 2017 to provide a legal framework in respect of generation of FORM GSTR-2B based on the action taken by the taxpayers on the Invoice Management System (IMS).
  2. To amend section 34(2) of CGST Act, 2017, to specifically provide for requirement of reversal of input tax credit as is attributable to a credit note, by the recipient, to enable the reduction of output tax liability of the supplier.
  • To insert a new rule 67B in CGST Rules, 2017, to prescribe the manner in which the output tax liability of the supplier shall be adjusted against the credit note issued by him.
  1. To amend section 39 (1) of CGST Act, 2017 and rule 61 of CGST Rules, 2017 to provide that FORM GSTR-3B of a tax period shall be allowed to be filed only after FORM GSTR-2B of the said tax period is made available on the portal.

 

Key excerpts from 54th GST Council meeting on 9th Sep 2024 (New Delhi):

Refer C.2 (Page 7)

  1. Invoice Management System and new ledgers:

The Council also took note of the agenda on the enhancements being made to the existing GST return architecture. These enhancements include the introduction of a Reverse Charge Mechanism (RCM) ledger, an Input Tax Credit Reclaim ledger and an Invoice Management System (IMS). Taxpayers would be given the opportunity to declare their opening balance for these ledgers by 31st October 2024.

 

IMS will allow the taxpayers to accept, reject, or to keep the invoices pending for the purpose of availment of Input Tax Credit. This will be an optional facility for taxpayers to reduce errors in claiming input tax credit and improve reconciliation. This is expected to reduce notices issued on account of ITC mismatch in the returns


]]> Embracing a Clean Core: SAP S/4HANA Extensibility with Innoval’s SaaS products & Solutions https://www.ivldsp.com/blog/embracing-a-clean-core-sap-s4hana-extensibility-with-innovals-saas-products-solutions/ Fri, 28 Mar 2025 08:09:40 +0000 https://www.ivldsp.com/?p=13700

For SAP customers moving to S/4HANA, adopting a “Clean Core” strategy is key to long-term success.

In this post, we introduce the Clean Core concept – keeping the SAP S/4HANA digital core clean by performing custom developments on the SAP Business Technology Platform (SAP BTP) – and explain why this approach preserves upgradability and system stability. We then look at how Innoval Digital Solutions applies Clean Core principles in its SaaS product suite (OptiEXIMc, OptiSign, and OptiVMS) to deliver value-added functionality without disrupting the SAP core. Finally, we highlight how Innoval helps SAP ECC customers transition to S/4HANA by “de-cluttering” their core and moving custom logic to modern extensibility frameworks.

What is the Clean Core Approach?

Figure 1: Conceptual representation of SAP’s Clean Core approach – extensions are built separately (often on SAP BTP) while the core ERP remains standard and up-to-date.

In simple terms, Clean Core is an SAP strategy to keep your ERP’s core standard (unmodified) while fulfilling custom needs through decoupled extensions. Instead of heavy customizations inside SAP (which historically made upgrades painful), customers implement enhancements side-by-side using SAP’s extension technologies (such as SAP BTP). According to SAP’s definition, Clean Core extensibility means keeping extensions strictly separate from the SAP application, accessing SAP business objects only via well-defined, upgrade-stable interfaces

gate pass management

In practice, this entails a “zero modification” policy to the S/4HANA base and leveraging public APIs, events, and platforms like SAP BTP for any bespoke functionality​

The result is a modern, cloud-ready system that can be enhanced without compromising its integrity​

By avoiding direct modifications to the SAP backend (like custom code or enhancements), organizations ensure their ERP system remains agile, compliant, and future-ready. Instead, extensions and customizations are built outside the core using SAP Business Technology Platform (BTP), leveraging side-by-side extensibility, APIs, and cloud-native tools.

This approach minimizes technical debt, simplifies upgrades, and aligns with SAP’s roadmap for innovation.

Key benefits of a Clean Core approach include:​

  • Easier Upgrades: Upgrades become non-events from a custom code perspective, since custom extensions don’t break the standard core during SAP updates.
  • Faster Innovation: By staying close to standard, you can quickly adopt new features and innovations from SAP’s latest releases, keeping your business on the cutting edge.
  • Greater Stability & Lower TCO: With no intrusive modifications, the system is more stable and secure, reducing maintenance effort and total cost of ownership (TCO) over time.

For SAP S/4HANA (especially in cloud deployments), Clean Core isn’t just ideal – it’s becoming the required model for extensions. SAP itself emphasizes using cloud-compliant extensions and integrations so that all customers remain on the latest code line​

. In short, Clean Core gives you the best of both worlds: a rock-solid standard SAP core and the flexibility to innovate through extensions.

Innoval’s Clean Core-Aligned SaaS Solutions

Why Innoval?

  • No Core Disruption: Our products never modify SAP tables or inject custom code into your ERP.
  • Upgrade-Proof: SAP upgrades remain smooth, with no risk of compatibility issues.
  • Scalable & Secure: Built on BTP, our solutions scale with your business and adhere to SAP’s security standards.
Innoval Digital Solutions: Pioneering Clean Core Compliance

At Innoval, we design our SaaS products to align seamlessly with SAP’s Clean Core principles. Our solutions, built on SAP BTP, ensure zero disruption to your SAP S/4HANA or ECC systems while delivering powerful functionality.

Innoval has embraced the Clean Core philosophy in the design of its OptiSuite 10x product range. All of Innoval’s SaaS offerings – OptiEXIMc, OptiSign, and OptiVMS – are built as side-by-side extensions that integrate with SAP ECC or S/4HANA via SAP BTP and standard APIs, without altering the digital core of the ERP. This means customers can add powerful new capabilities by subscribing to these solutions, all while keeping their SAP core clean and upgrade-safe. Below is an overview of each product and how it follows the Clean Core approach:

OptiEXIMc (Export-Import Compliance):

  • What it does: Automates EXIM (Export-Import) compliance, documentation, and logistics.
  • Clean Core Advantage: Integrates via BTP with REST APIs, avoiding SAP core modifications. Ensures real-time data sync without touching backend tables.
  •  A cloud-based foreign trade management solution that digitalizes export/import processes and compliance. OptiEXIMc is built on SAP BTP (formerly SAP Cloud Platform) and seamlessly integrates with the standard on-premise SAP core (ECC or S/4HANA) for export sales and import purchase data​
  • All EXIM documentation and compliance logic resides in the OptiEXIMc app, which connects to SAP via secure APIs. This avoids any need for custom programs or database modifications in the SAP core. The result is a fully compliant EXIM process that enhances your SAP system’s capabilities without touching its base code. OptiEXIMc was touted as India’s first SAP BTP-certified EXIM solution, underlining its alignment with SAP’s modern extensibility standards.)

OptiSign (Digital Signature for SAP Documents):

  • What it does: Digitizes document signing and approval workflows.
  • Clean Core Advantage: Leverages SAP Cloud Identity and BTP workflows, keeping ECC/S4HANA free from custom code.

 

  • An advanced e-signature solution tightly integrated with SAP to streamline document approvals and signing. OptiSign allows users to preview SAP documents (invoices, POs, certificates, etc.), apply digital signatures using government-authorized digital certificates, and automatically distribute the signed PDFs – all from within their SAP workflow. The solution can be deployed on cloud or on-premise, but in both cases it relies on standard integration points (like SAP print forms and output control) rather than core modifications. OptiSign is designed to embed into SAP ERP/S4 as an add-on or extension, meaning it uses SAP-approved enhancement techniques and connectors to inject digital signing functionality without altering standard transaction logic. This Clean Core design ensures that you can automate document signing (reducing paper, manual effort, and compliance risk) while SAP upgrades remain smooth. (In other words, OptiSign adds a digital signing “layer” atop your SAP documents, instead of hard-coding changes into SAP itself.)

OptiVMS (Vendor Management System):

  • What it does: Streamlines vendor management and procurement processes.
  • Clean Core Advantage: Uses SAP BTP’s integration suite for secure data exchange, preserving core integrity.
  •  A self-service vendor portal solution that facilitates efficient vendor onboarding, communication, and data management. OptiVMS is delivered as a SaaS application hosted on SAP Business Technology Platform​ and offered via subscription. It provides suppliers a web portal (mobile-friendly) to submit registrations, maintain their own company information, check purchase orders and invoice statuses, etc., with role-based secure access. All relevant data (vendor master updates, PO confirmations, invoice submissions) are synchronized to the backend SAP ERP in real time through standard integration (using BAPI/OData services or SAP Integration Suite connectors). Because OptiVMS runs on SAP BTP and interacts with SAP through official interfaces, the SAP core (ECC or S/4HANA) remains untouched by custom code – vendor onboarding workflows are managed in the extension app, which then feeds SAP with necessary data. This Clean Core approach allows companies to dramatically improve vendor collaboration and data quality without building custom supplier screens inside SAP. (Notably, OptiVMS is available on the SAP Store, highlighting that it meets SAP’s criteria for clean, upgrade-safe integration.)

All three products above are SAP Certified solutions and exemplify Clean Core extensibility. By keeping their logic on SAP BTP or as modular add-ons, they ensure compatibility with SAP updates (e.g. moving from ECC to S/4HANA or applying support packs) with minimal retrofit needed. Customers can adopt OptiEXIMc, OptiSign, or OptiVMS to fill functionality gaps (international trade compliance, digital signing, vendor portal) in their SAP landscape, and do so without incurring technical debt in the core ERP. This not only protects your SAP investment but also accelerates projects – since these solutions are pre-built and cloud-based, deployment is faster and future enhancements come with the subscription.

Migrating to S/4HANA? Innoval Simplifies Your Clean Core Journey

For clients transitioning from SAP ECC to S/4HANA, Innoval offers Clean Core Migration Services. We help:

  • De-clutter Your Core: Identify and migrate legacy custom code to BTP.
  • Build Future-Ready Extensions: Redesign bespoke processes as cloud-native BTP apps.
  • Ensure Compliance: Align with SAP’s extensibility guidelines for audit-ready systems.
Helping ECC Customers “De-Clutter” the Core for S/4HANA

For long-time SAP ECC customers, the journey to S/4HANA is an opportunity to clean house of decades’ worth of Z-customizations, modifications, and bespoke add-ons. Innoval recognizes that a successful S/4 migration isn’t just a technical upgrade – it’s a chance to re-align with standard and set up a Clean Core from day one. As an SAP partner, Innoval assists clients in this transition by migrating custom logic off the ECC core and onto SAP BTP using modern extensibility approaches.

In fact, Innoval “walked the talk” with its own solutions: according to an SAP case study, Innoval migrated 60% of its ABAP code from the SAP ERP system into the SAP BTP ABAP environment to transform its offerings into SaaS extensions​

. By refactoring on-premise custom programs into cloud-based apps, Innoval ensured its solutions would not weigh down the ERP core. This experience is invaluable to customers facing a similar challenge. Innoval’s team can help analyze your existing customizations in ECC and determine which can be retired (replaced by standard S/4HANA functionality) and which should be rebuilt as side-by-side extensions on BTP. The goal is to leave the new S/4HANA system as clean and standard as possible, moving any necessary unique logic into the BTP layer where it won’t impede upgrades.

Modern SAP S/4HANA extensibility best practices are at the heart of this approach. Innoval guides clients in adopting SAP’s recommended practices, such as: a zero-modification policy for S/4HANA, usage of only released (public) APIs and enhancement points, and leveraging the SAP Extension Suite on BTP for any heavy custom development​

For example, if a customer has a complex custom module in ECC (e.g. a homegrown contract management tool), Innoval might help rebuild it as a cloud application on SAP BTP – using the SAP Cloud Application Programming Model or ABAP RESTful Application Programming Model – and integrate it via OData services or event-driven architecture. Meanwhile, simpler needs might be met with S/4HANA’s in-app extensibility (like adding custom fields or logic via the Key User tools) in an upgrade-safe manner. By using the right extensibility option for each requirement, Innoval ensures the digital core remains pristine while all business requirements are still addressed.

For customers, this Clean Core migration approach yields big payoffs. Your new S/4HANA system stays nimble – you can apply SAP’s continuous innovations and quarterly updates with ease, since you’re no longer bogged down by a tangle of custom code. Enhancements delivered via SAP BTP can be updated or scaled independently, giving you flexibility to evolve faster. And crucially, system stability and performance improve, because you’ve eliminated many unofficial modifications that might cause downtime or complexity. Innoval’s clients often find that after moving to a Clean Core model, their IT landscape is simpler to maintain and future projects (like cloud adoption or advanced analytics) become easier to execute.

In summary, the Clean Core approach is about keeping the standard SAP core “clean” and doing what every SAP customer ultimately wants: stay agile and up-to-date without breaking things. By using SAP BTP as the extension platform, you can add new capabilities and customizations in a loosely-coupled way, preserving the sanctity of your SAP S/4HANA digital core. Innoval Digital Solutions has embraced this philosophy across its product suite – OptiEXIMc, OptiSign, and OptiVMS are living proof that you can extend SAP robustly and responsibly. These SaaS solutions deliver specialized features (from EXIM compliance to digital signing and vendor management) via cloud-based extensions that plug into your SAP environment with zero core disruption.

As you plan your journey from ECC to S/4HANA (or even if you’re already on S/4HANA), consider making Clean Core principles a cornerstone of your strategy. Evaluate your system: which customizations truly differentiate your business, and how might they be reimplemented using SAP’s latest extension tools? With partners like Innoval, you can offload heavy custom code from your ERP and run it on SAP BTP – achieving a leaner core and setting your organization up for continuous innovation.

SAP Clean Core architecture diagram illustrate how the SAP S/4HANA core is surrounded by an extension layer on BTP (showing APIs connecting the two). Additionally, product logos or icons for OptiEXIMc, OptiSign, and OptiVMS would highlight each solution’s identity. Finally, a simplified integration graphic could show an SAP ERP system on one side and Innoval’s cloud apps on the other, connected by the SAP BTP logo – giving a clear picture of how Innoval’s extensions interface with SAP. These visuals will help readers quickly grasp the Clean Core model and see how Innoval’s offerings fit into their SAP ecosystem.

Diagram showing SAP S/4HANA Cloud as the “core” connected to BTP for extensions, with Innoval’s SaaS products integrated via APIs

By embracing a Clean Core and leveraging modern, BTP-based extensions, SAP customers can innovate fearlessly – adding new capabilities and improving processes without derailing their core ERP. It’s a sustainable, future-ready path that keeps your SAP investment “clean”, even as your business grows and changes. And with Innoval’s Clean Core-aligned products and expertise, you have practical options to start this journey today. Here’s to a cleaner core and a brighter, innovation-filled future for your SAP landscape!

Conclusion: Future-Proof Your SAP Ecosystem with Innoval
By adopting Innoval’s Clean Core-compliant products and services, you unlock the full potential of SAP S/4HANA Cloud while maintaining system stability, scalability, and agility. Whether you’re extending ERP functionality or migrating to the cloud, Innoval ensures your SAP backbone remains pristine.

The Innoval Advantage

By implementing Innoval’s products, businesses gain the benefits of SAP’s Clean Core strategy:

  • Seamless Integration: Innoval’s solutions are hosted on SAP BTP, ensuring smooth connectivity without disrupting backend systems.
  • Future-Ready Architecture: The Clean Core approach enables businesses to adopt new technologies and upgrades effortlessly.
  • Enhanced Efficiency: Innoval’s products reduce manual efforts, improve data accuracy, and optimize workflows.

Partner with Innoval Digital Solutions – Where innovation meets SAP best practices.

Ready to embrace Clean Core? Contact Innoval today to explore our SAP-certified solutions!

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About the Author

Sumeet Gupta

Sumeet is a graduate engineer in information technology from India’s leading engineering college. He had brief stints in Microsoft and SAP India. He is a SAP Certified ABAP consultant and has 10+ years of experience in working for large multinational organizations – ATOS India, Deloitte- US consulting before joining IVL. Sumeet is having competencies in managing large complex SAP development and implementation projects and was one of the first to be part of SAP HANA projects. Currently, he looks after IVL’s Mumbai delivery center and drives few strategic initiatives of the company.

]]> Scaling Your Business with SAP Consulting: Tailored Solutions for India-Specific Scenarios https://www.ivldsp.com/blog/scaling-your-business-with-sap-consulting-tailored-solutions-for-india-specific-scenarios/ Mon, 02 Dec 2024 04:30:21 +0000 https://www.ivldsp.com/?p=13533 As businesses in India navigate unique regulatory, operational, and market challenges, implementing SAP solutions can be a game-changer. From GST compliance to managing large supply chains, SAP provides the tools to streamline operations, boost efficiency, and drive growth. However, unlocking its full potential requires expert guidance. SAP consulting services tailored to India-specific scenarios ensure your business scales effectively, overcoming localized challenges with ease.

 

Understanding India-Specific Business Scenarios

 

  1. Compliance with Indian Taxation

Indian enterprises must comply with Goods and Services Tax (GST) and various state-level taxes. Handling this complexity manually can lead to errors and penalties. SAP solutions like SAP S/4HANA integrated with GST tools streamline compliance, but the setup demands expertise in both SAP and Indian tax laws.

 

  1. Diverse Supply Chain Management

India’s geographic and economic diversity makes supply chain management complex. From sourcing materials locally to distributing products across rural and urban areas, businesses require robust systems to manage logistics, inventory, and vendor relations.

 

  1. Regulatory Challenges

Frequent policy changes and sector-specific regulations in India require businesses to adapt quickly. SAP solutions equipped with real-time updates ensure businesses remain compliant while staying agile.

 

  1. Localization Needs

India’s multilingual and multicultural environment necessitates localization of user interfaces, reporting formats, and workflows, which SAP systems can accommodate with proper customization.

 

How SAP Consulting Drives Success

 

SAP consulting services provide a roadmap for businesses to navigate these scenarios, offering tailored strategies that align with Indian market demands. Here’s how:

 

  1. Customized SAP Solutions

SAP consultants analyze your business needs to design customized modules for compliance, supply chain optimization, and reporting. For example, integrating SAP with GST filing tools ensures seamless tax reporting while automating invoice reconciliation.

 

  1. Efficient Supply Chain Management

SAP consultants help businesses leverage advanced modules like SAP Integrated Business Planning (IBP) and SAP Extended Warehouse Management (EWM) to optimize supply chain operations. From reducing transportation costs to ensuring accurate demand forecasting, these solutions enhance efficiency.

 

  1. Localization Expertise

SAP consulting teams tailor interfaces and workflows to align with regional languages, legal requirements, and user preferences. This localized approach ensures high adoption rates and operational success.

 

  1. Regulatory Compliance

SAP consulting ensures that your systems remain updated with the latest regulatory changes, helping businesses maintain compliance effortlessly. From filing e-invoices to adhering to environmental norms, SAP consultants provide the expertise needed to stay ahead.

 

  1. Scalability and Growth

With India’s growing economy, businesses need systems that scale effortlessly. SAP solutions, when implemented by experts, offer the flexibility to adapt to increasing operational demands while enabling data-driven decision-making.

 

Scaling with Confidence

 

By partnering with SAP consultants, Indian businesses can:

– Simplify complex workflows

– Reduce operational costs

– Enhance visibility into critical processes

– Drive growth with data-backed strategies

 

Whether you’re a mid-sized enterprise or a large conglomerate, SAP consulting helps transform challenges into opportunities, positioning your business for sustainable success in the dynamic Indian market.

 

 

 

]]> Overcoming SAP Implementation Challenges: How IVL’s Consulting Services Drive Business Success https://www.ivldsp.com/blog/overcoming-sap-implementation-challenges-how-ivls-consulting-services-drive-business-success/ Wed, 27 Nov 2024 10:08:07 +0000 https://www.ivldsp.com/?p=13530 SAP implementation is a critical milestone for enterprises seeking to streamline operations and embrace digital transformation. However, the process is not without its challenges, including cost overruns, prolonged timelines, resistance to change, and inadequate user training. Addressing these issues effectively can make the difference between a seamless transition and a disruptive experience. IVL’s SAP consulting services provide the expertise and strategies businesses need to overcome these hurdles and achieve sustainable success.

  Common SAP Implementation Challenges

  1. Complexity of Integration

   Integrating SAP solutions with existing business processes, third-party applications, or legacy systems can be a daunting task. Without proper planning, businesses face the risk of data silos and operational inefficiencies.

  1. Budget and Time Overruns

   Poor project management, unclear scope, and unforeseen issues often lead to missed deadlines and higher costs. These setbacks can erode stakeholder confidence and affect ROI.

  1. Resistance to Change

   Employees accustomed to existing workflows may resist adopting SAP solutions. This can hinder the success of the implementation and delay business benefits.

  1. Lack of Expertise

   In-house IT teams may lack the specialized knowledge required for complex SAP implementations. This results in dependency on external support, which may not always align with the organization’s goals.

  1. Inadequate User Training

   Even the most robust SAP systems can underperform if end-users are not adequately trained. This leads to low adoption rates and operational inefficiencies.

  IVL’s SAP Consulting Services: A Proven Solution

IVL offers end-to-end SAP consulting services tailored to address these challenges and ensure successful implementation. Here’s how:

  1. Strategic Planning and Customization

   IVL begins with a thorough analysis of your business processes to align SAP solutions with your specific needs. This minimizes the complexity of integration and ensures that the implementation supports your strategic objectives.

  1. Agile Project Management

   With decades of experience, IVL employs proven project management methodologies to keep implementations on track. From defining clear milestones to risk mitigation, their approach ensures projects are delivered on time and within budget.

  1. Change Management Support

   IVL’s experts work closely with stakeholders to foster a culture of acceptance. Through workshops, communication strategies, and leadership alignment, they ensure smooth transitions and minimal disruption.

  1. Expertise in SAP Ecosystem

   With a strong track record in SAP consulting, IVL provides access to a team of seasoned professionals adept in SAP modules such as SAP S/4HANA, SAP Basis, and more. This expertise accelerates implementation and optimizes system performance.

  1. Comprehensive Training Programs

   IVL’s Learning Hub equips end-users with the skills required to leverage SAP systems effectively. These tailored training sessions ensure high adoption rates and improved productivity.

  Driving Business Success with IVL

IVL’s SAP consulting services go beyond implementation to deliver measurable business outcomes. By addressing technical, organizational, and user challenges, IVL enables businesses to:

– Improve operational efficiency

– Accelerate decision-making with real-time insights

– Achieve scalable growth with future-ready solutions

When partnered with IVL, businesses can turn SAP implementation challenges into opportunities for innovation and long-term success.

]]> Seamless /OBIZ Migration from SAP ECC to SAP S/4 HANA Landscapes https://www.ivldsp.com/blog/seamless-obiz-migration-from-sap-ecc-to-sap-s4-hana-landscapes/ Mon, 14 Oct 2024 12:24:39 +0000 https://www.ivldsp.com/?p=13351

As businesses worldwide adopt digital transformation, the migration from legacy systems to more advanced platforms is inevitable. SAP, a global leader in enterprise application software, has ushered in a new era with the introduction of SAP S/4 HANA, designed to provide improved performance, streamlined processes, and real time data analytics. For enterprises that have long relied on SAP ECC, this migration represents both an opportunity and a challenge. Fortunately, Innoval Digital Solutions (IVL), a trusted partner in SAP solutions for over 27 years, is here to guide businesses through this transition seamlessly, particularly through the migration of its proprietary /OBIZ products.

A Legacy of Excellence in SAP Solutions

For nearly three decades, IVL has been at the forefront of providing innovative, cutting edge solutions for indirect taxation, international trade, and other statutory compliance needs. Our dedication to continuous improvement and customer satisfaction has earned us the reputation of being a dependable SAP partner in India, supporting businesses with specialized solutions. IVL’s deep rooted expertise in developing SAP add on products has allowed us to create a suite of tools that help businesses navigate their day to day operations, particularly in the realm of taxation and compliance.

IVL’s Powerful Product Portfolio

IVL’s product suite plays a critical role in helping enterprises manage their complex operational and statutory requirements. Certified across multiple SAP ECC versions, our products are built on proprietary namespaces, including /BRI, /OBIZ, and /IVLD, reflecting our commitment to tailored and highly specialized solutions. Some of our flagship products include:

OptiTrade: A comprehensive solution for international trade and compliance.

OptiSuite: A powerful indirect taxation management solution.

OptiGST: Focused on GST compliance and filing.

OptiEWB: Enabling efficient management of e way bills.

Proactivate: Designed for enhanced reporting and automation.

Excise and VAT Solutions: Tailored for statutory compliance needs in India.

These products are developed under the /OBIZ namespace, a hallmark of IVL’s commitment to innovation and high performance. Over the years, these solutions have become indispensable tools for over 450 businesses in India.

Embracing SAP’s Evolution: Migration to SAP S/4 HANA

With SAP’s strategic shift from ECC to S/4 HANA, businesses are now preparing for the future by migrating to a new digital core. This move to S/4 HANA offers businesses the ability to work with real time data, simplified processes, and enhanced user experiences. However, this transition also requires businesses to ensure that their custom built solutions and existing applications remain compatible with the new system.

IVL has been proactive in aligning its product roadmap with SAP’s transformation strategy. As a pioneer in delivering SAP certified solutions, we have already developed and certified new versions of our products that are fully compatible with SAP S/4 HANA. For enterprises that rely on /OBIZ solutions, IVL offers tailored migration plans, ensuring that these critical tools remain fully operational within the new SAP landscape.

Migration Expertise and Custom Strategies

With over two decades of experience in developing and supporting SAP add ons, IVL understands the complexities involved in migrating from SAP ECC to SAP S/4 HANA. Our experts have worked extensively to ensure that every aspect of the migration is handled efficiently, minimizing disruption to day to day operations.

Our migration services cover:

Seamless Transition: We assist in migrating existing customizations that have been developed and refined over the years. Our team ensures that all necessary updates and modifications are made to accommodate the new SAP environment.

Best Practices: IVL follows industry best practices for migration, ensuring that all solutions are not only functional but optimized for S/4 HANA.

Consultation and Support: We offer comprehensive consultation services to help customers understand the migration process, assess their specific needs, and determine the right time to transition to SAP S/4 HANA. Our consultants work closely with your internal teams to align with your policies and timelines.

We’ve already successfully migrated our /OBIZ solutions for several customers, enabling them to continue using their trusted tools without disruption. This level of continuity and expertise has made IVL the preferred partner for businesses embarking on their SAP S/4 HANA migration journey.

Start Your Migration Journey with IVL

Migrating from SAP ECC to SAP S/4 HANA is a significant but necessary step for businesses looking to future proof their operations. IVL’s proven solutions and expertise provide a reliable foundation for a smooth and efficient transition. Whether you’re using our /OBIZ namespace products or exploring new solutions, our team is ready to assist in every aspect of your migration journey.

To learn more about how IVL can support your SAP S/4 HANA migration with our /OBIZ products, visit our website at //www.ivldsp.com or reach out to us at info@ivldsp.com. Let us help you transition seamlessly to the next generation of SAP landscapes, ensuring your business remains at the cutting edge of innovation and compliance.

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About the Author

Sumeet Gupta

Sumeet is a graduate engineer in information technology from India’s leading engineering college. He had brief stints in Microsoft and SAP India. He is a SAP Certified ABAP consultant and has 10+ years of experience in working for large multinational organizations – ATOS India, Deloitte- US consulting before joining IVL. Sumeet is having competencies in managing large complex SAP development and implementation projects and was one of the first to be part of SAP HANA projects. Currently, he looks after IVL’s Mumbai delivery center and drives few strategic initiatives of the company.

]]> Integrating ERP Systems with Banks Using Secured API Integration: The Future of Enterprise Financial Transactions https://www.ivldsp.com/blog/integrating-erp-systems-with-banks-using-secured-api-integration-the-future-of-enterprise-financial-transactions/ Mon, 26 Aug 2024 06:57:00 +0000 https://www.ivldsp.com/?p=13342

In today’s fast-paced business environment, the integration of Enterprise Resource Planning (ERP) systems with banking operations is not just an advantage—it’s a necessity. At our company, we have pioneered the development of real-time API integrations that bridge the gap between ERP systems like SAP, Oracle, Microsoft ERP and various banking institutions and banking functions.

Inbound process in OptiE-Invoice enables organizations to automate and stream line the processing of supplier invoices. It automatically extracts information from any incoming invoice, validates data and transfers it to your ERP (SAP) system. The system validates electronically generated E-Invoices from IRP Portal as well as manual invoices (Hard copy and soft copy). It extracts data, validates with already created Goods receipt, Purchase order etc, highlights discrepancies (if any) and post the data automatically to your ERP(SAP) system( If data matches).

Why Integrate Your ERP System with Banking APIs?
1. Real-Time Financial Data Access: Integrating ERP systems with banks via APIs allows businesses to access financial data in real-time. This immediate access is critical for maintaining up-to-date cash flow insights, making informed financial decisions, and enhancing reporting accuracy.
2. Enhanced Operational Efficiency: By automating the exchange of data between ERP systems and banks, companies can significantly reduce manual entry errors, save on operational costs, and streamline financial operations from receivables to payables.
3. Embedded Banking: API integration enables ERPs to directly trigger bank transactions for Fund Transfer, Salary Payment, Invoice Payment and also various banking operations related to foreign trade. This is apart from checking balance, adding benefiaries, receiving collection notifications and so on.
4. Improved Financial Liquidity Management: To manage liquidity across several bank accounts, minimum and maximum balances can be configured for each. This will ensure that any current account that falls short of the preset minimum balance is automatically topped-up with funds from a designated “buffer” bank account. Adequate liquidity is maintained at the buffer bank account by transferring funds from other accounts whenever the balance exceeds the preset maximum. Thus, businesses can better manage their liquidity, ensuring that they have the funds available when needed.
5. Compliance and Security: Our API integrations are designed with the highest standards of security and compliance in mind, ensuring that all financial transactions are secure and adhere to the latest financial regulations. The Interface Adapter that enables embedded banking, including for Liquidity Management across banks, is deployed within the firewalled network of the customer.
Our Experience and Capabilities

Our extensive experience in integrating various corporate companies with multiple banks has equipped us with unique insights and capabilities. We have successfully implemented solutions that cater to the specific needs of each business, whether it involves integrating our OptiEXIM add-on product for export and import management or facilitating complex financial transactions directly from SAP ERP systems in real time.

One of our notable bank integration framework, OptiBank, provides a unified cockpit interface for managing all bank communications in one place. It seamlessly integrates with SAP ERP, SAP Treasury, Risk Management, and financial modules, enhancing the efficiency of financial operations across multiple banking institutions with real time communications

Case Studies and Success Stories
  • Multibank Integration: Our integration framework is a testament to our expertise in multibank connectivity. It supports automated feeds of corporate multibank balances and transactions, API-based direct-to-bank bulk payment processing, and automated cash forecasting, demonstrating significant cost savings and efficiency improvements for large corporate clients.
  • Custom Solutions for Trade Finance: By integrating ERP systems with banking APIs or Host-to-Host communications with right data transformation engine for trade finance operations, we have enabled clients to manage Letters of Credit and Bank Guarantees more effectively, reducing turnaround times and improving transactional accuracy.
  • Forex and Payment Gateways: We have tailored solutions that handle Forex transactions and connect with payment gateways, providing businesses with the flexibility to manage international trade and e-commerce effortlessly.
Conclusion

The integration of ERP systems with banks through secure API connections is revolutionizing the way businesses manage their financial operations. As leaders in this technology, we continue to innovate and provide solutions that not only meet the current financial demands of businesses but also anticipate future needs. If you’re looking to enhance your ERP capabilities and streamline your banking transactions, our team is ready to assist you with state-of-the-art integration solutions.

#GFF2024 #GlobalFintechFest #FintechInnovation #ERPSystems #DigitalTransformation #SAP #Oracle #MicrosoftDynamics #RealTimeTransactions #InnovalDigitalSolutions #FintechSolutions

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About the Author

Sunil Gupta

CEO & Director, Innoval Digital Solutions Pvt Ltd, Sunil Gupta is an entrepreneur with rich experience in handling large Information technology projects, building high technology software projects, product development and services companies from startups to listed company. He has been involved in Startup ecosystem and has made angel investment in several high technology companies. He was also visiting professor to India’s top management institute, IIM where he has taught, groomed and mentored the brightest management students. He has held several leadership positions in professional bodies and associations, including in the CII, Advisory Council and the IT Task Force of Kerala Government.

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