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App scale as if Believable Launched new eInvoicing solutions.
A business growth app, Mediabrief has added these solutions to help small to medium businesses (SMBs) comply with the Indian government’s directive to make invoices mandatory for certain businesses from January 1. reported Monday (December 19)
“We believe UpScale’s e invoicing solution is important and uniquely positioned to last. [SMBs] In Mind, “Credible Co-Founder and CEO Nirav Choksi He said in the report. “It provides one-of-a-kind solutions to help you comply with government regulations in the easiest and most reliable way possible, at the lowest possible cost.”
CredAble, India’s working capital technology platform, launched UpScale in 2021 to help SMBs find a payment solution that includes working capital, business support and invoice management.
In addition, UpScale allows users to generate eInvoices in bulk, send them with one click, back them up and retrieve them when needed, the report said.
It also notifies the user about any violations, incorrect information or missing fields and allows users to communicate with customers via email, SMS or WhatsApp with a single click.
“UpScale helps [SMBs] With billing and invoice management, payment solutions and easy access to business credit. Nitin Sharma He said in the report. “And now that businesses need to sync with their invoicing site to get invoice numbers, UpScale’s e invoicing solution helps them do it all easily and accurately.”
CredAble did not immediately respond to PYMNTS’ request for comment.
This new offering comes four months after CredAble raised $9 million in one round. Equity slot Axis Bank of India and CredAble’s existing investor OAKS Asset Management.
The company said at the time that the investment will be used to accelerate Credible’s growth plans, help small businesses meet their working capital and credit challenges, and increase its relationship with a growing network of enterprise customers and financial institutions. reported August 5.
As PYMNTS reported on August 2, the Indian government is lowering its admissions threshold. Electronic receipt It has thrown RRS 5 crore ($605,000) into businesses every year since 2023.
The use of e-invoices is expected to make it easier for tax collectors in the country to analyze the tax credit resources in various industries and see where there are revenue gaps.
How customers pay with credentials stored online
Convenience drives some consumers to store their payment credentials with merchants, while security concerns keep other customers at bay. For “How We Pay Digitally: Accumulated Testimonials Edition,” in partnership with Amazon Web Services, PYMNTS surveyed 2,102 U.S. consumers to analyze consumer dilemmas and show how merchants can overcome them when they have them.
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