A leading Indian tire manufacturer resolves bottlenecks in its e-Invoicing process with Maventic
Maventic
MaventicAbout Client
The client is a leading Indian tire manufacturer with a presence in over 110 countries. They deal with 50+ OEM partners, 2600+ dealers, and 51,000+ sub-dealers across their network.
Business Scenario
e-Invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP) to be managed by the GST Network (GSTN).
Before partnering with Maventic, the client relied on an e-Invoicing solution with a batch processing mechanism that could not meet its business requirements.
Challenges
The mechanism of the existing e-Invoicing solution was creating backlogs that had accumulated over a few months and were challenging to process. The criticality of the entire scenario had escalated to the point where the client required a speedy resolution. Additionally, it was expensive to maintain a large team dedicated to resolving the backlog.
Solution
Maventic swiftly replaced the existing e-Invoicing solution with its platform built within SAP, mavenTax, to integrate the client’s SAP ERP with the Invoice Registration Portal (IRP) in real-time. The built-in functionalities of mavenTax enabled the client to generate and modify e-Invoices easily from their SAP system without requiring manual interventions, thus providing easy GST reconciliations later.
The architecture used here involved the integration of the IRP with the SAP ERP using SAP PI/PO.
Maventic also created a background job for the client to process the backlogs.
Benefits
With the mavenTax e-Invoicing solution coupled with the custom background job, the client could:
