Collaborate

B2B

Networks

Account Payable

The new challenges

Input tax credit amounts for considerable cashflow. Ability to process
data in seamlessly across front, back and middle offices is critical.

Current State

Key-In purchase documents

Validate against Purchase Orders

Validate against GRNs or process internal approvals

Process
payments

Desired Capability

Consistent docs across Suppliers, GSTN and ERPs

Efficient internal matching and approval processes

Multiple Reconciliations. 2B, Bank STMT, eWayBill/GRN

Integrated and automated rule-based payment processing

Account Receivable

The new challenges

GST and eInvoice in India requires ledgers across customers, GSTN and our enterprise to be
consistent. If 2-way was a challenge, then 3-way is ?

Current State

Exchange JSONs for B2G compliant eWayBills

Generate JSONs to deposit B2G e-Invoices

Generate invoices for B2B (printable, PDF or EDI docs)

Process GSTR-1

Desired Capability

Efficient internal matching and approval processes

1-API call for B2B and B2G exchange of documents

Reconcile Sales Ledger with Bank STMT, eInvoice and ASN/eWayBill

Integrated Invoice to Cash systems

Accounts
Payable

  • Exchange invoice
    documents using secure
    web-links
  • Perform accept/reject
    actions before taking the
    documents to source of
    truth systems (ERPs)
  • Eliminate / minimize
    mismatches

Receive e-Invoices electronically

  • Receive via email or API or file share
  • Validate against rules, option to enable validations such as supplier,
  • HSN, tax rates
  • Check with Supplier deposited IRN/EWB Docs
  • Option to enable match with POs

Collaborative eInvoice Processing

  • Internal Dept. / Branch Collaboration, Setup shared documents and ledgers across multiple sub-orgs (eliminate need for multiple workflows) Dept or Branch users to access only respective documents or ledgers for allowed actions
  • Auto synchronization across shared documents or ledgers between internal Depts or counterparties

Convert inbound eWayBills to GRNs

  • Integrated with NIC/GSTN to download inbound eWayBills submitted by suppliers
  • Convert accepted eWayBills submitted by suppliers into GRNs upon Good Receipt
  • Option to collaboratively receive and accept proforma eWayBills for delivery scheduling
  • Integrated enterprise systems for GRN data

Collaborative eInvoice Supplier Networks

$$$ Benefits + Savings on AP Invoice Processing

From supplier compliance health monitoring to in-time ITC availing

Benefits

Reconcile

Advanced Search, Filters & Faceting

Validate,Review & Accept

Orders & Invoices & Business Docs

Dispute Management

Fine grained Roles, Permissions and Controls

Workflow and Colloboration

Publish, Route, Accept, Acknowledge & Reconcile



Savings

Invoice mail room and Codification. 100% Savings.

Invoice Validation and matching. 3x savings

In-Time ITC improves cash flow and saves up to 1% of Input credit

Dispute Resolution and Payment management. 2x savings.

Accounts
Receivable

    Securely exchange documents with enterprise customers (B2B) in addition to addressing B2G requirements

  • eInvoice IRN
  • eInvoice EWB
  • enInvoice - B2B

1-API for Multiple-Outcomes

  • 2-Way Integrated enterprise systems API, S-FTP or shared folders
  • Ensure accuracy with validation rules and advanced checks
  • B2G for IRN+EWB and B2B for e-delivery

Collaborative eInvoice Processing

  • Automated back office processes to generate and process e-Waybills and e-Invoices
  • Dept or Branch users to access respective documents or ledgers for allowed actions
  • Auto-Sync of shared ledgers or docs between internal depts or counterparties.

Convert inbound eWayBills to GRNs

  • Airline ticket or cargo bookings to eInvoice
  • Insurance policies numbers to eInvoice
  • Banking transactions to eInvoice by BU and Location with aggregation/segregation
  • Logistic orders to eInvoice for multi-source I/P
  • Subscription data to eInvoice and more..

$$$ Benefits + Savings on AR Invoicing

Generate, digitally sign and e-deliver invoices to realize high potential savings.

Benefits

Accuracy

Advanced Search, Filters & Faceting

Collect

Catalogues, Pricing, Grouping, Orders & Invoices

Predictability

Fine grained Roles, Permissions and Controls

Workflow and Colloboration

Raise, Publish, Accept, Acknowledge & Reconcile



Savings

Print + envelope + courier vs. electronic delivery - Save at least INR 100

Reduce cost of collections by 20 to 40 %

Improved Customer satisfaction with in-time reconcilability.

1/3rd cost towards archiving and traceability

Collaborative eInvoice - Get it going effortlessly

Setup your enInvoice exchange for intra and inter company processes

Integrate and connect with 3x ease, enable custom transformations for source friendly exchange of data,
always ensure qualified reference/master data, setup shared ledgers across units and partners.



Integrate


  • Effortlessly integrate with source friendly connectors for,
  • Invoice data,
  • B2B Partner data,
  • HSN and Item data.
  • Rest API or s-FTP with custom data formats

Reference Data


  • Validated for accurate reference data with OneMD,
  • GSTIN Validated Supplier,
  • HSN Validated,
  • Tax rate
  • 2-Way synchronization with Source Systems

Tenancy


  • Tenancy with respective ledger access by
  • Department or Business Unit,
  • Location or State,
  • Organization
  • Open Network access to B2B Partners.



Related offerings for

end-2-end automation

1. Invoice to Cash

Integrated systems for PO Ack, Sales Orders, Sales Ledgers, Bank STMTs, eWayBills and e-Invoices).

Perform seamless reconciliations between Sales and BS, Sales and ASN/EWBs and Sales and IRNs.

Integrated collection Apps. Send automated reminders based on PO terms and payment history.

2. Purchase to Pay

PO Ack, Pre-Validated and standardized ledgers for Purchases, Bank STMTs, GRNs and inbound e-Invoices).

Automated multiple reconciliations for accurate purchase ledger.

Integrated rule based payment clearance Apps. Generate pay instructions file for Banks.

3. Captive B2B Partner ecosystem

Integrated Dealer management systems. Partner users generate customer e-Invoices.

Suppliers as tenants to collaboratively sign-off on orders, e-Invoices and eWayBills.

Enable micro and small businesses to perform error-free interactions.

Key Benefits

eInvoice networks are increasingly becoming the norm globally for all the intrinsic advantages. Input tax credit benefit in India is a bigger advantage.

  • Digital Invoice Capture
  • Automated Invoice Validation
  • Automated Matching
  • Vendor Self Service
  • Maximize Input Tax Credit
  • In-Time Realization
  • Enhanced Cash Management
  • Enhanced Account Reconciliation
  • Lower Carbon Footprint
  • Enhanced Spend Management
  • Access to Early Payment Discounts
  • Dispute Management and Settlements

Operational efficiency-Gain high ROI

Back-Office Gains


dataProcessingBig
Increase Efficiency

Seamlessly connected enterprise systems, GSTN and B2B partners offering real-time clearance of documents.



collabrative
Increased consistency B2B and B2G

Each correction of document again requires to be consistent across GSTN and B2B parties. Even 10% lesser error means 30% effort saved.



RecordReconcile
Automated workflows

Alert and notification based workflow alerting. Process against advanced rules. Process decisioning rules for meaningful user attention.

Middle-Office Gains


seamlessIntegration
Increased reconciliation matches

Improved 2B reconciliation outcomes towards availing input tax credit (ITC) in-time across locations or GSTINs.



DynamicIcon
Improved partner relationship

Minimized mismatches across business partners and increased business efficiency for on-time collections and payments.



seamlessIntegration
Accurate tax and financial ledgers

Increase sales, purchase and financial ledger accuracy and consistency. Improved matching across ERP, GSTN & B2B





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