Vendx Lite

100% GST COMPLIANT PURCHASING SOLUTION
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CONCERNS PERTAINING TO GST…

GST1
  • 1Whether my supplier will provide correct Tax structure & appropriate bifurcation of tax under IGST/CGST/SGST/UTGST?
  • 2Whether the buyer will be able to calculate appropriate landed cost for each line item provided by supplier considering GST tax & set off structure?
  • 3Whether negotiations account for correct landed cost?
  • 4Whether the orders will be released as per the correct GST structure?

THE ABOVE ARE RIGHTFUL CONCERNS AS IT INVOLVES HUGE RISK TO THE ORGANIZATION IN TERMS OF….

  • Negotiation based on wrong GST compliant cost leading to payout of higher price
  • Huge investment of time of buyers to ensure suppliers are providing the most appropriate GST structure and cost
  • Possibility of release of wrong PO leading to huge correction exercise of invoices

Welcome to VENDX Lite - Your full proof GST COMPLIANT solution of above concerns

KEY FUNCTIONALITIES PERTAINING TO GST:

  • GST compliant well structured template of RFP / Quote
  • GST compliant automatic calculations of landed cost directly from suppliers’ quote
  • GST compliant automatic division of tax based on supplier – plant location
  • GST compliant item tax structure to ensure appropriate tax slab of an item
  • GST registered & non-registered supplier tag & facility to instantly seek supplier GST registration details

OTHER IMPORTANT FUNCTIONS:

  • Reminders over SMS & emails for getting suppliers’ quote in time
  • Facility to send RFP to multiple suppliers (domestic & international) for multiple items simultaneously
  • Facility to view comparison on landed cost simultaneously for domestic & international suppliers
  • Facility to have well structured PDF for approval
  • One click view of historical rates of any item of any suppliers
  • Complete trail of Negotiations
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EXPECTED BENEFITS TO ORGANIZATIONS:

  • Assured GST compliance of all transactions between buyers and suppliers
  • Huge savings of transactional and administrative time of buyers and suppliers
  • No possibility of human errors in calculations
  • Knowledge Redundancy of historical transactions
  • Visibility on complete negotiations