E-Invoice Generation Process Automation by floTax
Industry: Consumer Goods (National operations with multiple product lines)
Challenge: E-Invoicing Manual Data Management & Uploading
JL Morison, a well-established consumer goods company, started their journey with Wepsol in after 2 months of the inception of GST regulations in India. They were experiencing operational bottlenecks in their e-invoicing process, Time-consuming manual data preparation & Uploading, Inconsistencies in data formatting, Delays in e-invoice generation, High resource requirement for Data management.
Solution Implementation: Wepsol’s flotax Team developed a custom transformation solution with,
- Automated Template Processing
- Customised transformations for generating E-invoices
- Developed a user-friendly upload interface
- Multi-User Management System
- Established role-based access controls
- Created audit trails for all template modifications
- Implemented automated version control
- Quality Assurance Framework
- Real-time validation checks
- Automated error notification system
- Regular system performance monitoring
Measurable Outcomes:
- Operational Efficiency
- 85% reduction in Template preparation & Upload time
- 70% faster e-invoice generation process
- Business Impact
- Improved cash flow through faster invoice processing
- Enhanced customer satisfaction with timely billing
- Reduced compliance risks
Key Learnings & Best Practices :
- Process Standardization
- Importance of establishing standard operating procedures
- Value of automated validation checks
- Need for clear communication protocols
- Resource Management
- Benefits of dedicated resource allocation
- Importance of backup support systems
- Value of extended support during critical periods
- Technology Integration
- Role of automation in compliance management
- Importance of user-friendly interfaces
- Value of real-time validation and error checking
The case study demonstrates the significant impact of implementing structured solutions for GST compliance challenges by floTax. The success factors include Dedicated resource allocation, floTax’s Process automation, Strong quality control measures, Flexible support & Clear communication from wepsol team.
These implementations have not only solved immediate challenges but have also created sustainable, scalable solutions for growth and compliance requirements of JL Morison.
Checkout floTax GST automation solutions for more services like Automated GST filing & Reconciliation, E-invoicing support, E-way bill generation, Compliance Customization, ASP Integration. “All in one single platform”