A leading pharmaceutical company resolves critical risks around the generation and management of its transportation bills with Maventic
Maventic
MaventicAbout Client
The client is an Indian pharmaceutical company with 19 manufacturing facilities in the country that sell pharmaceutical generics, formulations, and nutraceuticals globally.
Business Scenario
A waybill is a receipt or a document issued by a carrier giving details and instructions relating to the shipment of a consignment of goods, and the details include the name of the consignor, consignee, the point of origin of the consignment, its destination, and route. An Electronic Way Bill (E-Way Bill) is a compliance mechanism wherein, through a digital interface, the person causing the movement of goods uploads the relevant information before the commencement of the movement of goods and generates an e-way bill on the GST portal.
Before partnering with Maventic, the client relied on manual processes to upload information onto the GST portal to generate its e-way bills.
Challenges
Owing to the scale of the business, the client needed to create many e-way bills daily. This process presented the following challenges:
Solution
The client decided that the best course of action was to streamline how it was uploading information onto the GST portal for generating e-way bills by integrating the portal with its SAP system.
After evaluating a few SAP e-way bill partners, they selected Maventic’s product called mavenTax for this purpose. The built-in functionalities of mavenTax enabled the client to quickly generate and modify e-way bills from their SAP system without requiring manual interventions.
mavenTax collects the requisite information from the client’s SAP system as soon as an invoice is generated and automatically sends it to the GST portal using an API. It then subsequently collects the e-way bill generated by the portal and stores it back in the SAP system. This entire process is entirely real-time.
The architecture used here involved directly integrating the IRP with the SAP ERP.
Benefits
With mavenTax, the client can now perform the below functions on their SAP system without needing to log into the GST portal:
