CredAble brings e-invoicing solution to SMEs

Government of India, CredAble, SMEs, Vijayawada Keeping up with the Government of India's bullish stance on digital transformation, UpScale by CredAble, a business growth app, has launched its new e-invoicing solutions for SMEs.

The solution helps businesses with financial operations management assistance as per the rules led by the Government of India. According to a recent directive, e-invoicing will be mandatory for certain businesses beginning January 1, 2023. This includes businesses with a cumulative yearly turnover of over Rs 5 crore and above in any previous financial year from 2017–18 to 2021–22.

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.

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, according to a media release.

Launched in November 2021 by CredAble, India's largest working capital technology platform, UpScale provides SMEs with quick access to working capital and others.