e-invoicing system

Suktha Business Solution is provides An e-invoicing system is a digital solution that streamlines the invoicing process, allowing businesses to create, send, receive, and manage invoices electronically. e-Invoice known as ‘Electronic invoicing’ is a system in which all B2B invoices are electronically uploaded and authenticated by the designated portal.

Why e-Invoice

electronic invoice, is a digital version of a traditional paper-based invoice. It has gained popularity due to several benefits it offers to businesses, tax authorities, and the overall economy. Here are some of the key reasons why e-Invoice is adopted:

Reduced environmental impact: Moving from paper-based invoicing to e-Invoice helps reduce the consumption of paper and other resources, leading to a positive environmental impact by lowering carbon footprints and reducing waste generation.

Efficiency and cost savings: e-Invoices streamline the invoicing process by automating various tasks, such as data entry, validation, and reconciliation. This leads to significant time and cost savings for businesses as it reduces the need for manual intervention, eliminates paper-based processes, and minimizes the chances of errors.

Enhanced data accuracy: e-Invoices are generated electronically, which reduces the likelihood of errors or discrepancies in the invoice data. This accuracy helps avoid payment delays and disputes between buyers and suppliers.

Compliance with tax regulations: Many countries are implementing or considering e-Invoice mandates to enhance tax compliance. Electronic invoices can be linked to tax authorities directly, reducing the chances of tax evasion and providing a more transparent view of transactions.

Global business facilitation: e-Invoices simplify cross-border transactions by providing a standardized method for invoicing and reducing language barriers and currency conversion issues.

Key Benefits in Suktha Business Solution

1. Dashboard: Upon logging in, users are greeted with an intuitive dashboard that provides an overview of their invoicing activities. Key features include:

• Create New Invoice
• Generate Reports

2. Create New Invoice:

• Enter Customer Information
• Attach Supporting Documents
• Itemize Products/Services
• Apply Applicable Taxes

3. Customization

Personalize your invoices with your logo, color scheme, and business details to reinforce your brand identity.

4. Sending Options

• Email: Send directly from the system with a personalized message.
• PDF Download: Download and send invoices via your preferred email client.
• Shareable Link: Generate a secure link for online viewing and payment.

5. Reporting and Analytics:

• Tax Reports
• Outstanding Invoices