About our solution
Organizations rely on a contingent workforce to perform regular business operations. With the evolution of digital workplaces and increased regulations, vendor management is a critical part of the business strategy. But it can become cumbersome to handle each vendor manually. Cygnet Infotech’s Vendor Management Portal is a web-based fully integrated solution that supports end-to-end business processes like purchase requisitions, Request-For-Quote, invoice reconciliation with the GSTN network, and tracking payments. Implementing a vendor management system can help in managing the vendors & suppliers and increase business efficiency.
Our solution is best fit for
Chief Procurement Officer
Reduce the risks in procurement operations for smarter & quicker business decisions.
Centralize & standardize many processes such as payments, invoicing and billing rates, contract approval and more.
Account payable team
Automate the accounts payable process, enhance its quality, accuracy & speed and enable hassle-free purchase transactions.
Manage multiple vendors using this cloud-based hosting portal.
Facilitate vendors to locate the information they need instead of calling or emailing the buyer every time.
The registered users can automate end-to-end procurement and payable process.
Easy to check the invoices uploaded by the vendor on the GSTN and perform invoice reconciliation with GSTN data.
Vendor Payment Management
Get a centralized view of the status of all vendors and other details such as vendors’ payment status along with managing their payments.
Fetch the reconciled invoice data available on GSTN with GSTN API.
REST API based integration imports bulk invoices from source systems.
In Purchase order invoices reconciliation, matched invoices are marked ready for payment & mismatched are highlighted separately.
Invoice OCR Scanning
Extract invoice details from pdf and physical invoice and maintain different invoice templates for diﬀerent vendors.
E-invoice and E-way Bill integration
With integration to the NIC-IRP portal, CVP fetches the e-Invoices, and e-Way bill details and integrates with the respective invoice mapped with POs.
Push to GSTN (Transaction base)
It helps the vendor to push the invoices & credit and debit notes on to GSTN directly (which is yet not filed). Subscriber can push the invoices & credit and debit notes on GSTN on behalf of the vendors.
The users can generate documents and e-Way bills with digital signature that are GST compliant.
GST Returns Compliance Score is rating calculated based on the returns filing trends of a company.
Research & Insights
A transparent vendor eco-system is crucial not only for an organization but also for the vendors as this helps in saving time, costs and improves vendor efficiencies.
Discover how we help businesses achieve technology enabled business transformation.
Here is what our clients say about us
Cygnet Infotech has truly simplified our GST compliances
SVP Taxation, Fullerton India Credit Company Ltd.
The implementation was carried in a time effective manner
Head - Finance & Accounts, Axis securities limited
It has been a great pleasure to working with you
Deputy Vice President - Accounts, Kotak Securities