The government reduced the e-invoicing threshold to Rs 5 crore in 2023, mandating small taxpayers to implement e-invoicing. This decision impacted the entire ecosystem as businesses deal with small taxpayers such as vendors, distributors, or sellers. 

Accordingly, businesses must have adopted the e-invoicing solution for compliance purposes. Finance leaders looking to transform their finance function should consider e-invoicing to kickstart finance transformation. This way, they can synchronise smart processes, de-risk non-compliance, and improve overall finance value.

Hence, looking at 2024 as a year for finance transformation, here’s a chance to be part of a thought-provoking discussion on this! Join team Clear’s Virtual Event titled “How crucial is e-invoicing for financial transformation in 2024?