Managing finances across multiple banks can be time-consuming, especially for Asset Management Companies (AMCs) and other large institutions. The operational friction—multiple logins, fragmented views, and manual reconciliations—often results in inefficiencies that scale with the business.
This is where OPEN’s connected …
E-invoicing has become a critical component in the modern business landscape, particularly for companies registered under the GST framework. An e-invoice is an electronically generated invoice that is authenticated by the government’s Invoice Registration Portal (IRP) before being issued to …
Banking today often feels unnecessarily complicated. Multiple apps demand different login credentials. Transfers between accounts take days rather than seconds. Constant verification prompts and security checks interrupt even the simplest transactions. The fragmentation of financial information across various platforms doesn’t …
As FY 2024-25 comes to a close, it’s time for every GST-registered business to roll up its sleeves and tick off a number of year-end compliance tasks. Whether you’re a CA, a business owner, or a finance manager juggling monthly …
Understanding supply chain basics can make a real difference in how well a business performs. Minimum Order Quantity (MOQ) is one of these essential concepts that affects companies of all sizes. Whether you’re just starting out or have years of …
Every business faces a delicate balancing act when it comes to inventory. Too little means disappointed customers and missed sales opportunities. Too much ties up valuable capital and warehouse space. Striking the right balance is the key to effective inventory …
Every business that deals with goods movement—whether for sales, repairs, or stock transfers—needs proper documentation. While invoices are widely known, Delivery Challans are equally important for ensuring smooth and compliant transactions.
In this blog, we’ll break down what a delivery …
India’s digital payment landscape has undergone a transformative journey, with the Unified Payments Interface (UPI) at the forefront of this revolution. Launched by the National Payments Corporation of India (NPCI) in April 2016, UPI has redefined how Indians transact, making …
Goods and Services Tax (GST) compliance is crucial for businesses in India. While timely GST payments keep businesses compliant, any delay can result in penalties and interest charges. The tax department imposes late fees and interest when a business fails …
Imagine standing at your bank, ready to open an account, but pausing at a crucial question: a savings account or a current account? This decision might seem trivial, but choosing the right account can greatly impact how you manage your …
In business and personal finance, the terms “debtors” and “creditors” represent essential financial relationships that form the foundation of credit transactions. These concepts define the two sides of financial obligations in any credit arrangement—those who owe money and those who …
Starting April 1, 2025, businesses that receive input service invoices for multiple branches must compulsorily register as an Input Service Distributor (ISD) and distribute Input Tax Credit (ITC) accordingly. The ISD mechanism ensures that ITC from shared services, such as …
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India. Introduced on July 1, 2017, GST replaced multiple indirect taxes such as VAT, service tax, and others, simplifying business tax …
