With thousands of manufacturers, millions of channels, and billions of possible transactions, emerging markets are vast and complicated. Manufacturers must maintain a large network of large and small distributors while balancing the needs of various channel partners. But, with minimal industry data and insight, how will manufacturers do all of this? How are they going to regain control? The solution is a Distributor Management System with e-invoicing, which is a scalable, smart, but simple technology.
A DMS (Distributor Management System) lets you monitor promotions, increase productivity, streamline inventory and sales processes, and handle distributor claims – you get accurate, reliable data on secondary sales.
E-invoicing for DMS
We need to look at the crucial challenges of channel sales management in India to understand why using a Distributor Management System equipped with E-invoicing is so relevant .The majority of distributors are independent, unorganized businesses with insufficient resources and technological infrastructure. Data management for the different products handled by multi-brand distributors is challenging Large distributors are lacking in data and knowledge that can be used to make decisions.
Warehouse management, inventory management, and order management (sales and purchase orders) are only a few of the tasks among the others that a Distribution Management software helps businesses handle . Adding e-invoicing to it is only like adding a convenience to the software. It integrates these activities with the company’s financials and sales. Optimize and automate buying procedures, including vendor requisitions through e-invoicing and keep track of every expense or credit to and fro, to reduce costs and ensure a consistent supply and disperse of products.
Stock outs or overstocking are triggered by a lack of real-time data on orders, inventory, claims, and returns. Internet penetration is low, and logistics infrastructure is inadequate. Large distributors are lacking in data and knowledge that can be used to make decisions. This lack of data management causes delays in the entire sales pipeline. The key advantages of using automated e-invoicing systems are cost and time savings. You are no longer required to adhere to the norm of lengthy processing. This automated method improves the consistency and transparency of your work. A notable initiative to ensure internal and external compliance with all company and legal regulations.
Some of the key features of E-invoicing for DMS include:
- Invoice monitoring : Track rejection notices and invoice notices, view attachments in PDF and XML formats, and view audit trails. A single platform to view invoices and report status. Your team can now monitor approved and rejected invoices and also reduce risks and errors.
- Validation : Examine received and issued invoices and syntactically validate them. This will ensure the XML document meets the specifications of the local tax authorities’ technical.
- Automated printing : Generate legal invoices along with logo, signing data, and special barcodes.
- Flexible end-to-end integration with any ERP : Implement a data integration process with the internal system. This will automate the task of issue and receipt of all invoices. Good solution adaptability allows you to drive integration with any ERP.
- Contingency management : Assure smooth business activities regardless of any government system failure.
At Amsan, we are committed to making the tech accounting world way easier
and paperless all the way with all these solutions.
SOLUTIONS FOR MICROSOFT DYNAMICS : Dynamics 365 brings the best of both
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