CYGNET VENDOR PORTAL

END-TO-END SOLUTION FOR VENDOR MANAGEMENT
FROM RFQ TO THE INVOICE RECO WITH GSTN

SOLUTION INTRODUCTION

A web-based fully integrated solution which supports end-to-end business processes from Request-For-Quote to the Invoice Reconciliation with GSTN network. It is a complete end-end solution that allows to collaborate with vendors in a secure environment.

Dashboard To View Signing Statistics​

COMMON BUSINESS CHALLENGES IN VENDOR MANAGEMENT

  • Businesses have multiple systems to manage their vendors
  • Vendor systems lack the ability to reconcile vendor invoices with the ones submitted at GSTIN
  • Lack of accuracy in claiming the right ITC
  • No proper MIS reports available to provide accurate vendor payment status & ITC availability

BELOW FEATURES MAKE CYGNET VENDOR PORTAL UNIQUE

VENDOR COLLABORATION

Collaborates with all your vendors using the common platform

VENDOR DASHBOARD

Facilitates vendors to find the information they need instead of calling/emailing buyer

END-TO-END AUTOMATION

Registered users can automate the entire account payable process

GSTN VERIFICATION

Check the invoices uploaded by vendor on the GSTN and do the invoice reconciliation with GSTN data

MULTI-TENANT MODEL

Allows you to manage multiple vendors using this cloud-based hosting portal

Vendor Payment Management

Check vendors payment status& manage their payments.

SMOOTHEN YOUR VENDOR MANAGEMENT & PERFORM VENDOR WISE RECONCILIATION EASILY

TECHNICAL FEATURES

GSTN

Get the reconciled invoice data available on GSTN using GSTN API’s

Multiple Integrations

• Supports REST API based integrations
• Direct import of invoices from source systems
• Supports bulk import of invoices

Invoice Reconciliation

• Supports PO-Invoice Recon
• Mismatched & Matched invoices are highlighted separately

SOLUTION BENEFITS

FOR VENDORS

  • Transparent ecosystem between buyer & supplier
  • Raises notifications on mismatched invoices
  • Visibility of vendor’s own PO, RFQs, Quotation, Invoices, ASN & GRN
  • Capability to push invoice to Buyer

FOR BUYERS

  • Timely issuance of RFQ to targeted vendors
  • Streamlines Account Payable Process
  • Allows them to claim accurate ITC
  • Supports easy integration with the legacy system

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CHECK HOW VENDOR PORTAL IS THE BEST FIT FOR YOU & YOUR VENDORS?