Invoicing in India – From Paper to Electronics
Electronic invoicing (e-Invoicing) is the exchange of the invoice document between a supplier and a buyer in an integrated electronic format. Traditionally, invoicing, being a paper-based process, involved manual effort and is error prone. This means increased costs and processing/ payment lifecycles for companies.
Automation of Inbound E-Invoicing
Invoice processing holds a significant overhead for most businesses. Different business sectors have different way of approaching for invoicing their clients. If the invoice is late, wrongly interpreted or lack of necessary information may lead to transactional error or delay in payment. If the invoice is not precise, itemising product sales or hours of work undertaken, your invoice may be challenged by the client.
Government Notifications and Guidelines of E-Invoicing (Part 3)
Government Notifications and Guidelines of E-Invoicing (Part 2)
Government Notifications and Guidelines of E-Invoicing
Safeguard yourself against e-invoice fraud
Government of India announced the adoption of electronic invoicing (e-invoicing) from January 2020. Initially, this will on trial, and voluntary, but will in due course be a mandatory requirement for all B2B (Business To Business) invoices.
Simulate FIFO Queue with Amazon DynamoDB and NodeJs
From a supplier we are getting inventory which is of one time use only. Supplier will provide the inventory only on request, and we do not wish to see the inventory is exhausted. Also we wanted to make sure each bach gets finished in the sequence of applying the same. When we were in MySQL / MariaDB this would have been just another table sorted on primary key and a flag status = ENUM(“new”,”used”). But we are in the “serverless” hype and on AWS with DynamoDB.
Getting Ready for IVL OptiE-Invoice Addon
What is E-invoicing of India?
‘E-invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are authenticated electronically by GSTN/IRP portal of Government of India. This is done by issuing/validating an identification number (IRN) and QR code against every invoice for further use by various Government portal like GSTN or EWay Bill portal.
Technology transforming the Transportation landscape
The Indian transportation business faces numerous business and operational challenges – lack of infrastructure, lack of vision to improve efficiencies, not so friendly policy implementations, not recognizing it as a priority sector, the list goes on. They face challenges starting from high operational costs, shortage of trained manpower, capacity constraints, absence of unified policies across the country, unstructured business processes of various industries and SMEs, lack of supply chain efficiencies etc