To digitise the business practices, e-Invoicing and e-way billing has become the core of the business today. Electronic invoicing process has taken quick strides to bring down the share of the traditional paper-based invoicing. It has helped both the corporates as well as the public sector businesses to benefit from the features and intelligence of the e-invoicing services; especially the tax department which has shown increased interest in this service.
Streamlined & simple e-invoice management and compliance documentation work together to eliminate invoice error risks & exceptions, auto validation of the document content and thereby helping to make vendor or customer payments. As digital information can be easily viewed across various landscape &systems than manual document residing on the manager’s desk, e-invoicing process makes it easier by:
GST e-Way bill is an electronic document needed for the transportation of goods from one location to another for both inter and intra state transportation of goods, goods value being greater than ₹50000. e-Way bill is generated online on the Tax portal, contains details - name of the consignor, consignee, origin of consignment, consignment destination and its route. Process in generating e- Way bill requires a registered taxpayer generating the e-Way bill for their outward supply document. Generation of an unique e-Way bill number (EBN) which is transferred to the supplier, and is available with the recipient and transporter.
The Nexus GST e-Way bill generation solution has the following components:
GST is the goods and services tax - a value-added tax levied on most goods and services sold for domestic consumption This tax levy will touch the Tax Occurrence, Tax Compensation, Tax Structure, Tax Compliance, Calculation, Reporting and Credit Consumption leading to a complete makeover of the existing indirect tax system.
Reconciliation is comparison of two sets of data entries to detect any differences or variances, to avoid and correct the unintended mistakes committed or any omissions. Reconciliation process is very critical process under taxation, as it informs short tax paid or not even paid or excess paid as well.
The process of movement of materials to and from the premises in any organization, and to keep track of all inward and outward movement of materials or other locations, is termed as Gate Entry.
“Gate Entry” is a proprietary SAP Enhancement Product; it is an advanced version of LECI functionality of SAP Logistics. The Solution has been designed to streamline the Inbound receiving process and outbound delivery process. Gate Entry integrates the usual purchase order process with a tool that will allow you to record both inbound and outbound weights of the truck load, and has significantly more integration functionality with the MIGO transaction. The solution can track incoming/outgoing materials; stop gate entry; prevents the theft or unauthorized carry. The solution improves the accuracy of the purchase orders by automatically compensating for differentials between what was ordered and what was actually delivered.
A system used to weigh large automobiles and vessels that transport goods and other materials from one place to another. Solution has an electronic or digital monitor displaying the weight of the vehicle and henceforth noted by the operator for checking in/out of vehicles.
Growing global economy, the transactions volume is growing enormously. Organizations are getting restricted by the speed of how rapidly one can accomplish the transactions and forward across to the next approver or recipient. Paper based processes typically inhibit the Digital Transformation of processes by slowing down the speed of “transaction management”. Bygone are the days of paperwork stacked in piles, all waiting for that pen stroke.
Digital Signatures: A safe & secure, reliable & trustworthy solution for your business operations.
Barcodes are not only used for product identification and cost management, but they also help large businesses with inventory control and warehouse management. Nexus provides a wide range of software solutions for barcode printing in SAP. Here’s a look at the different uses of barcodes in SAP
Supporting Digital Transformation by Automating Routine Tasks – The business process automation technology based on artificial intelligence (AI) and machine learning (ML) is Robotic Process Automation (RPA). Enabling and integrating the human actions interacting within digital systems to accomplish and improving the business process cycle. RPA bots’ utilize inbuilt GUI to record data and deploy applications and mimics the same way as one normally does the operations, performing a vast variety of tedious tasks- right from data extraction, making calculations and storing records. Benefiting the business in operating cost reduction to zero error rate in the performance of repetitive & high-volume activities.