CEVIOUS was founded in 2009 in Delhi, having 14+ years of experience as a 5-Star Tally Sales,

  Does matching your purchase transactions with   GSTR-2B   feel like a monumental task in the current process? For several businesses, it takes multiple days of manual reconciliations, clarifying inter-vendor misunderstandings, and overly drawn-out matching processes with incomplete transactions and delays, along with numerous back-and-forth calls with vendors attempting to clarify discrepancies. It is a tiresome, unproductive, highly inefficient process filled with mistakes. If there is a mismatch   An  Invoice Management System (IMS)  changes all that – what used to be a long convoluted task can be done in just a few clicks. This is not only a new app but rather a whole  smart technology  that is quicker and more precise when it comes to managing GST compliances throughout the workflows. What differentiates the reconciliation for GSTR-2B done by IMS? IMS gives you the entire list of invoices supplied by your vendors on the IMS portal, maki...

In the current business environment, the  Invoice Management System  (IMS) has become an important technology for businesses to sustain their financial activities due to GST framework policies. IMS automates processes like tax compliance verification, invoice reconciliation, accuracy validation, and reducing errors while also improving compliance efficiency. On the other hand, this might pose a problem for small and medium sized enterprises (SMEs). Some of them include technical barriers, adaptability of the workforce, and compliance gaps. This blog post highlights the gaps that SMEs face in applying an invoice management system under GST and provides solutions that assist firms to fully leverage IMS capabilities. Understanding the hurdles of implementing invoice management systems under GST Mapping out an Implementation plan devoid of obstacles will not yield the required results as most SMEs dealing with manual workflow struggle with outdated technology frameworks. Here is a...