6 Points to Consider while Picking E-Invoicing Provider 

As we already know, the businesses dealing in B2B and export supplies with an annual turnover of INR 20 Crores or more need to comply with the new e-invoicing system from 1st April 2022. If the reports are to be believed, the government is planning to implement the e-invoicing system to all the taxpayers with an aggregate turnover of INR 5 Crores or more from 1st April 2023. So, to stay e-invoicing ready we are presently going to look into the 6 points that you must consider while picking an e-invoicing provider. 

Points to Consider while Picking E-invoicing Provider 

Here are the 6 points that you must consider at the time of selecting an e-invoicing provider: 

1. Company Longevity and Durability 

When choosing an e-invoicing software provider, it is important that you do thorough research and check the background of the company. As you do not want to invest in an e-invoicing solution that becomes defunct before you attain ROI. 

2. Product functionalities  

The second major thing you need to consider is to know whether the functionalities of the product match your business requirements. Moreover, make sure that the product that you choose is adaptable as per the changing business requirement. Before picking an e-invoicing software, ask whether the product supports a multichannel platform? Would it be able to adjust to your business’s different processes such as logistics and sales? 

3. Compliance Requirement 

Another major point is whether the e-invoicing software that you are getting from the e-invoicing solution provider checks all the compliance requirements such as IRN and signed QR code. As you do not want to invest in an e-invoicing software that may hit your finances badly due to non-compliance with e-invoicing provisions. 

4. Software Support 

At the time of choosing an e-invoicing software, the e-invoicing software provider must have a robust client support system. Whether the e-invoicing software provider would be available during business hours and after business hours? Will they take care of system changes and updates, such as maintenance? 

5. Seamless Integration 

A good e-invoicing software provider will work closely with you on creating a detailed deployment plan for seamless integration of e-invoicing software with your existing ERPs. This planned guide will further help you to understand the features and basic technicalities of the e-invoicing software. 

6. Pricing 

Last but not least, pricing is the only point that will be responsible whether you will choose the e-invoicing software provider or not. It is consistently necessary to ensure that the product pricing structure is clear. 

Conclusion 

Choosing an e-invoicing software provider is certainly a small matter, and these points will ultimately help guarantee that you choose the correct e-invoicing software for your business. It is imperative to remember how dynamic the market is, and that your business and software need to adapt to these steady changes over time. 

How Can GSTrobo® Help You? 

GSTrobo® a division of Binary Semantics Ltd is a one-stop GST compliance software provider and a leading ASP- GSP. We realized the changing landscape of compliance and introduced GST compliance solutions such as GST, e-way bill, and e-invoicing software. These solutions not only seamlessly integrate with all the ERPs but also automates most of your GST compliance.