The single most characteristics that dfferentiated between Udyog and Other ASP/GSP etc. was this - The people, their expertise & their positive commitment / approach towards thier clients on GST.
We have been using Udyog's products for almost 2 years now and have found the software to be both robust and user friendly.
OneMasterData to accept raw customer & supplier data to standardize , validate, consolidate &
generate a single master data repository for further sychronization with down-stream systems.
Inbound transformations to automatically synchronize Supply Master and Customer Master using extracts prepared from client accounting system
Validation of Supply Master and Customer Master using HSN master data lookup and GSTIN Validation API provided by GSTN respectively
Regular upload & update of customer & supplier master to ensure the data is up-to-date & can be referred in policy data application
Raw Policy data transformed & qualified against business rules, rate checks to generate
printable & shareable invoice documents.
Pre-validation of Policy data , Tax determination , computation & generation of brokerage and reward invoices
Auto-generation of printable invoices with unique invoice numbers as per the specific requirement based on the insurance company, type of end customer, place of supply etc.
State-wise & Division wise generation of invoices aggregated by customer, state, period & product type etc
No manual efforts of aggregating & preparing data for GST returns. The outward transactions are captured into integrated compliance apps for seamless filing of GST
Additional outcomes include - Printable & shareable XML based electronic invoices which can be digital signed & mailed electronically to target users
Customized MIS report & widgets generated out of transactional data & the updated accounting ledgers are synchronized with source ERP
A self-servicing invoice portal for all the insurance agents to login, view & generate all of their invoices on one screen using the invoice number
Extend Account Payable & Account Recievable automation to eliminate all the redundant , manual paper-based tasks & digitally sign the invoices
Eliminate time spent handling mismatches & in coordination with the agents / brokers or vendors
The Policy data downloaded from the source system is reconciled with the Invoices generated for duplicate transaction or pending transaction identification. This ensures all data is captured & invoiced
The payment receipt document received offline can be reconciled with the invoice data with advanced techniques like partial matches to map the payment & update status accordingly
Intelligent reconciliations which can do a 3-way or 4-way reconciliations based on taxed amount, invoice amount & other to identify the matched transactions & update the records with payment status
Manual efforts of aggregation & segregation eliminated completely
Automation of invoice generation reduces manual efforts by more than 10x
Automated mailing & ftp based sharing of invoices in xml format