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e-Invoicing is mandatory for businesses with 10 Cr+ turnover. Likely to be mandatory from Jan 2023 for businesses with 5 Cr+ turnover

Introduction & Benefits

Cygnet Tax Tech’s Vendor Process and Compliance platform is a web-based solution that supports end-to-end business processes such as quotation submission by vendors, quotation comparison, purchase order mapping, vendor ASN, and payment tracking. It helps to seamlessly manage the vendors & suppliers and perform reconciliations easily.

  • Use a single platform to collaborate with all your vendors
  • Create a transparent ecosystem between buyer & supplier
  • Check vendors’ invoice status & manage their payments
  • Raise notifications on mismatched invoices
  • Enhance visibility of all vendor documents that include PO, RFQs, Quotation, Invoices, ASN & GRN and more
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Features

This solution is best for:

Enterprises

Learn how companies across industries such as manufacturing & banking manage thousands of vendors with minimal effort.

SME/MSME

Choose the right vendor management platform, automate workflows, track payments and more.

Testimonials

Data connector ecosystem

Value added offerings

Unified portal

Facilitate IRN generation & cancellation, advanced invoice reconciliation with GSTN data and oracle data & with GSTN data (GSTR 2A data), vendor payment information & payment status management, single upload for multiple return periods, multiple entities and sales and purchase invoices for both vendors and customer/tenants and more.

Accounts payable

Manage invoices received from vendors at one place and streamline the vendor payment process for improved payments & compliance decisions.

Purchase invoice digitization

Automate and optimize posting purchase entries in the existing system ensuring vendor reconciliation, data accuracy and security.

GL reconciliation

Generate smarter reports such as sales reconciliation (SR vs sales GL), purchase reconciliation (PR vs PUR GL), incorrectly claimed ITC (PR vs GSTR -2A), GSTR-3B vs GSTR-1 (Tax comparison), GSTR-3B vs GSTR-2A (ITC comparison), Turnover reconciliation, RCM as per books vs GSTR-3B and more.

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