Read the articles on our vendor management portal which is an end-end vendor mgmt solution from RFQ to the invoice reconciliation to smoothen your vendor mgmt process
Post the advent of GST, the industry is facing a hard time in claiming eligible Input Tax Credits (ITC). Multiple rules, laws, provisions have been enacted to safeguard the revenue from false ITC claims and fraudulent invoices. These include blocked credit as per Section 17(5) of the CGST Act, 2017 such as ITC of construction …
Introduction The heading of this blog – ‘Vendor Payments’ might intrigue the readers as to what is not so simple about vendor payments. Once you receive the supplies and invoices, you can verify the quality and quantity and make payments to vendors. So, what exactly is so difficult about making vendor payments? In the pre-GST …
Background Every business has many stakeholders and the importance of each stakeholder is different from the other. One such stakeholder are the vendors of an organisation. Vendors are a critical participant of various cycles in an organization such as procurement to pay, record to report, and more without whom the business may not thrive as …
Importance Of Having A Transparent Vendor Eco-System Read More »
Introduction Trade financing can be understood from dissecting the term itself – Financing a trade. It can be done by financial institutions like banks and NBFCs. Bill discounting is a mode of raising working capital for a seller who sells goods on credit. Since the period of credit could be long, hampering the working capital …
How Discounting Platforms Can Ease Your Cash Flow & Vendor Management? Read More »
Vendor Portal Overview A vendor portal is a system that helps you manage and stay connected with your vendors in a secured environment which helps you in vendor/supplier on-boarding, invoice reconciliations, initiating and checking payment status. Continuous phone calls, faxes, emails from your suppliers are a complete waste of time. Organizations adopt this system as …
Smoothen Your Vendor Management & Claim Accurate ITC With Cygnet Vendor Portal Read More »
