SAP is a brand who has been constant in bringing digital innovations with security since 1972. As a part of that constant upgradation, the SMB ERP Solution SAP Business One has introduced version 10.0 FP 2208 in the month of December 2022. It has come-up with many feature updates but the 3 major updates that can add values to the Indian business market are much fascinating.
One of the best ERP software, SAP Business One, aids businesses in automating critical processes like marketing and sales, finance and accounting, human resource management, and building long-term relationships with customers and vendors. Companies can quickly and easily modify SAP B1 to meet the requirements of their customers and the business models they use or practice.
In the competitive market where there are many ERP software providers trying to drop their footprints, Embee busted top 5 myths for SAP Business One that proved the service reliability of SAP and the partnership experience of Embee with SAP. Notwithstanding, there are a few leading Indian SMBs connected with SAP Business One that makes business hesitant to embrace and coordinate with their frameworks.
Here in this article, we are going to showcase the benefits for Indian business market through which any SMB can manage their GST taxation and invoicing processes digitally.
Three Major Upgrades in SAP Business One for Indian Business Market
E-Invoicing – Import Response JSON Information Against Sales Invoice The new functionality has brought ease in utility where user get additional service to update A/R invoices and A/R credit memos in SAP Business One with response json files received from the e-invoice portal. Now multiple sales invoices can be updated in one go via the Electronic Document Monitor (EDM). GST tax validation in sales and purchase invoices The system now validates the GST Tax code against the header freight used in sale and purchase invoices. For A/R Invoice, the tax validation is based on Place of Supply state and the location in the first document line. For A/P Invoice, the validation is based on Place of Supply state and Ship from state at the document header. GST reverse tax calculation for header freight Enhancement in existing functionality is done so that system does not calculate tax code if reverse tax code is used at header freight with the status “Without Payment of Duty”. Benefits of using SAP Business One- Streamline business processes and help ensure efficient and effective operations.
- Increase online sales and client retention with no duplication of effort.
- Meet core business needs in a single, integrated software solution that can be expanded as your business grows.
- Achieve greater peace of mind knowing your business is supported by SAP software.
- Gain faster time to value by using software that can be implemented quickly at a fixed price, requires little maintenance, and minimizes end-user training.
- Maximize your return investment by beginning with the starter package and upgrading to extended functionality as needed.
