Vendor Management

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

Unblocking the locked ITC

Unblocking the locked ITC

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 …

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How Discounting Platforms Can Ease Your Cash Flow & Vendor Management?

cash flow and vendor management

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 …

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Smoothen Your Vendor Management & Claim Accurate ITC With Cygnet Vendor Portal

SMOOTHEN YOUR VENDOR MANAGEMENT & CLAIM ACCURATE ITC WITH CYGNET VENDOR PORTAL

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 …

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