With a constant aim at Digital India new rules have been set in place to improve the ease of doing business from the implementation of GST right till generation of E-way bills.
The implementation of GST has ushered a transformation in the tax structure of the country. The department now has the latest tools at its disposal to track the moves of the taxpayers.
The National Informatics Centre or the NIC has recently made a few changes to the e-Way bill
- Automatic calculation of the route distance based on PIN codes.
- Blocking generation of multiple e-Way Bills for one invoice.
- Extension of e-Way bill if consignment is in transit.
With all these reforms in place it is of utmost importance for the businesses to change from their manual or semi automatic operation to fully adopt automation in their tax departments to not only abide by the new rules but also make use of the tools of Digital India to improve the current systems.
What is financial Automation?
Financial Automation refers to utilizing software to perform financial tasks like book keeping, data entries, taxes, filling GSTR-3B and way-bills without human intervention. It enables finance departments to streamline processes and ensure that everything runs as smoothly as possible.
What you need?
ERP Services: An ERP system spanning over your organization with integrated systems to create and manage e-Way bills through API’s made available by the NIC and also manage your GST returns each month without errors with minimal human intervention.
Digital signatures: Safe and secure mode of communication with the help of digital signatures to be ensured of security while exchanging financial documents or for that matter any valuable document.
E-invoices: To stop the old methods of invoices and switch to e-invoices for rapid and smooth processes which can help keep track of expenses.
360 degree vision: With an eye on all the processes taking place and integrating all the systems, when all your systems are connected, you get a complete picture of your financials. By switching to an error free automated process you can handle your finances in a speedy and secure manner.
How Aliter helps?
Aliter handles each of these requirements with care and has built a product with a simple yet elegant design which is easy to use and robust enough to manage all your requirements. Aliter helps you understand the logic behind your fluctuating financials which will help you make faster and smarter business decisions. Financial Automation is not a luxury for few but is now a necessity for all.
Our digital plant Evolve™ includes financial automation and many more modules, all with the sole purpose of digitizing your enterprise helping you unlock the true powers of Digital India. To know more about Evolve feel free to contact us.