How can eInvoice Services Improve Cash Flow for Businesses?
The business world is changing faster than we could imagine. Hence, effective cash flow management is necessary for competitiveness and sustainability. As a result, entrepreneurs are constantly looking for ways to make their financial operations smooth and enhance overall performance. And one of the most significant advancements in this area is the adoption of eInvoicing under GST. So, here, our blog will explore how eInvoice API can streamline cash flow and create a more efficient billing system. What is eInvoicing Under GST? eInvoicing is an electronic authentication mechanism that is implemented under the Goods and Services Tax (GST) system. This includes registering all B2B invoices and export invoices generated by a business with an Invoice Registration Portal (IRP) and getting a unique identification number for each invoice which is known as the Invoice Reference Number (IRN). Once it is generated, and the invoice is authenticated, its details appear on the GST portal. T...