Over the years, companies have been replacing paper invoices with electronic versions to improve agility and to gain better insights into their business. In recent years, however, tax authorities and governmental organizations in an increasing number of countries have begun enforcing the use of electronic invoicing (e-Invoicing) by law to combat fraud and save costs, meaning that for many global businesses, moving to e-Invoicing is no longer optional. OVATIX IT SOLUTIONS e-Invoicing software is India’s leading ASP-GSP solution, compatible with all ERPs, that can do e-Invoicing in a matter of minutes while keeping your data safe
The GST Council has decided to introduce centralized issuance of a unique number (Invoice Reference number) for each B2B invoice on reporting of invoice data to a central portal with an effective (Mandate) date from 1 October 2020 for all Taxpayers.
OVATIX IT SOLUTIONS integrated e-Invoicing solution will generate, print, and track e-Invoicing as per the proposed format.
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OVATIX IT SOLUTIONS e-Invoicing solution is a one-stop solution for all your e-Invoicing Needs, Get ready for e-Invoicing with Ovatix IT Solutions integrated e-Invoicing solution in Nashik!
E-Invoicing (also referred to as electronic invoicing) is a form of the digital invoicing system or electronic billing, which enables trading partners, suppliers, and customers to streamline their invoice processing performance.
OVATIX proposes to introduce an e-Invoice solution to enable customers to comply with the new e-Invoice mandate.
There are two sets of solutions released from SAP for invoicing
Direct integration to eInvoicing (IRN) system via GSP. This is a licensed solution developed by SAP which will provide direct integration between the SAP ECC or SAP S/4HANA On-Prem systems or S/4HANA Cloud and the eInvoicing (IRN) via certified GSPs using the SAP Cloud Integration Platform. This will enable taxpayers to upload the payload from the backend SAP system to the eInvoicing (IRN) portal, generate the Invoice Reference Number and link the Invoice Reference Number (IRN) with the billing document in the backend system.
Integration of SAP e-Invoice and e-Way Bill solution
SAP manual process will read the response file and store the information of IRN, QR code & digital signature in the standard table and it will link the original invoice with IRN along with the current status in the table. The preparation of a standardized format (JSON request file) needs to be generated offline by the customer.
SAP delivered notes can be referred to, in the implementation guide.
Implement all the latest notes as mentioned in the guide as this will keep the system consistent and avoid errors.