E way Bill system is a very important concept to generate the online invoices for the transportation of goods in both the cases intrastate as well as interstate. With the introduction of the concept of goods and services tax in India, the generation of this particular bill has become mandatory. This has replaced how earlier VAT regime used to operate. These kinds of procedures involved are related to the person who is a taxpayer of the country so that he or she can generate the bill for the outward supply of the goods. The unique number will be provided to him and it will be generated new for every bill. This particular solution will cater to the statutory requirements of the government along with the other rules and regulations under the GST regime. This is an add-on solution for the ERP and SAP which provides several kinds of benefits to the organizations which implement it. Nowadays it is very much important to have expertise in these kinds of matters in case the organization wants to remain ahead of the competition all the time and achieve the goals easily in proper regard to the industry needs.
Following are some of the features of these kinds of systems:
-The generation of bills under this will also help to make sure that there is direct integration across the whole process and artificial programming interface based calls.
-It should also have the capability of updating and cancelling the bill numbers in a uniform as well as organized manner so that it can be sent to all the warehouses of the organization at a single point of time.
-It should also have the capabilities of rejecting the incorrect entries generated by the counterparties.
-There must be proper details of the bills which have been generated of this portal which is a very great feature of this concept.
-It also helps to make sure that there is MIS reports add the company has proper access to such reports.
-It should also provide complete alerts on the EWB nearing validity which have been generated by taxpayers along with GSTN numbers.
Some of the advantages which have been associated with this concept are mentioned as follows:
– The whole concept is based upon on-premise SAP solutions. This very well means that there will be a high level of efficiency throughout the process and overall goals will be easily achieved in a streamlined manner.
-There is no need of installation of any other kind of hardware, no need of going with the option of any kind of cloud subscription or no need of going with the option of any kind of technology upgradation. Hence, this is the biggest benefit of this concept that everything can be undertaken in the existing systems of the organization only.
-There are no additional charges or hidden charges and the best part is that there is no additional cost for the undertaking of administration as well.
-Another great benefit associated with the concept is that there is no conflict with the SAP solutions and everything will be implemented in a customized manner so that goals are easily achieved. The architecture of the whole concept is very much flexible and it helps to make sure that flexibility provides further great benefits to the people and everything is easily achieved.
-The extensive configuration options are very easy to maintain which very well reduces the efforts associated with the maintenance aspect. The whole process is very easy to use and the best part is that these kinds of solutions come with user-friendly interfaces which mean that people can very easily learn them without any kind of extraordinary training or other things.
-Everything is based upon best practices depending upon custom enhancements which mean that high level of efficiency helps to make sure that only the best practices of the industry are implemented in the organization and other wasteful activities are very well removed from the whole process.
-The smooth upgrades are very well facilitated and customizations are managed very easily which makes sure that all the bug fixes are dealt very well and organizations have always access to the best quality software and features provided by that particular software.
-Security will be very well insured at every step of the whole process because there is the complete authorization of the objects and only the authorized people who have access related permissions can access the systems on their own.
-There is a high level of data interruption depending upon the NIC standards which very well enhances the safety and security element of the whole concept.
-User-friendliness and user-friendly design of these kinds of software makes them very popular among business organizations. A lot of costs are saved because there is no need to impart specific training for this software to the people. People from all the age groups and departments can very easily learn them and there is no need of being extraordinary tech-savvy. Hence, the implementation becomes very convenient with the help of these kinds of benefits.
-The whole system is very highly configurable which means that everything can be perfectly implemented and there will be no issue throughout the implementation process.
– There is no need to login into any other kind of system or portal and everything will be perfectly implemented because overall goals are easily achieved and the efficiency element will be very easily present.
-Seamless integration with the NIC portal will also help to make sure that there are no issues about the implementation process and the organizations have the complete ability to implement the things through multiple platforms.
-The scalability provided by these kinds of software in proper regard to the future changes introduced by the government will also have to make sure that e-way bill generation is very much simplified and there is no issue throughout the implementation process.
E-way bill Software helps to provide several kinds of benefits to the business organizations which implement them which are the main reason this has become the need of the hour. Hence, this concept helps in accelerating the deployment process of the companies which very well has to make sure that there is a high level of flexibility throughout the process.