How Different Is Invoice Management System (IMS)? Current Practices vs IMS
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...