large scale image
LCP Image

Back to TSCFM News

UpScale launches e-invoicing solution for SMEs

December 20, 2022

UpScale launches e-invoicing solution for SMEs
Credit and cash flow management app UpScale by fintech platform CredAble on Monday announced the launch of its new e-invoicing solution to help SMEs with financial operations management.

The company said with e-invoicing, organizations would be able to streamline their invoice processing cycles, further reducing the man-hours required for invoice processing, approval, tracking, and chasing invoices and human errors, thus resulting in a much faster turnaround time.

Importantly, the GST e-invoicing becoming mandatory from January 1, 2023 for firms with over ₹5 crore turnover, down from the current threshold of ₹20 crore to further plug leakages, ensure better compliance and policy formulation, FE had reported earlier this year.

Keeping this in view, CredAble said that in the coming few months, a large number of SMEs are expected to face challenges in finding a solution that is both uncomplicated and affordable. “This is where UpScale by CredAble steps in.”

Nirav Choksi, Co-founder, and CEO at CredAble said the e-invoicing solution provides one-of-a-kind solutions to assist them (SMEs) in adhering to government regulations in the simplest and most secure manner possible, at a very low cost.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp