Key Takeaway
- Vendors & Customers PAN/GST validation helps to avoid any inconsistencies during business transactions, this intern helps in streamline accounting process.
- Every Associated transaction is validated against master, this helps in data cleaning for previous records.
- It helps the organization to be compliant.
Challenges
- Incomplete master data may result in financial accounting issue
- Delay in payment collections and processing
Initiative
- DataNub developed an utility which will validate GST & PAN number entered by the user in real time with Government website to authenticate the accuracy.
Solution
- Developed within SAP ABAP framework, hence all existing functionality works seamless.
- Suitable for company using both ECC / S4 HANA applications.
- Validations are real time hence accuracy is 99.9 %
Benefits
- Fully Compliance with Government Regulation
- Seamless Financial Accounting
Next Steps
- Develop Similar automation solutions.
Client remarks
- We used the tool to make all our complex reports which takes months together in less than a daytime.
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