Tide India introduces invoicing solution for SMEs in Assam, enhancing regulatory compliance, optimizing processes, reducing costs, and increasing organizational efficiency. Small enterprises in Assam face challenges in digitizing traditional invoicing due to limited resources and technological expertise, with 50% facing challenges in bookkeeping, invoicing, technology adoption, and accounting system upgrades.
Assam’s SMEs need more training and IT teams for invoice creation and expense management. Tide’s invoicing solution allows personalized, GST-compliant invoices via mobile app, enabling easy viewing of paid and pending invoices. Tide, launched in December 2022, helps 1 lakh SMEs in Assam improve cash flow, accounting, inventory management, and tax record keeping by eliminating delays and errors.
In Assam, 67% of SMEs are marketing firms, agri businesses, grocery stores, and financial services providers, while 19% are IT professionals, actors, lifestyle and beauty sector, designer boutiques, grocery stores, cafes, marketing firms, tutors, and financial service providers. . Gurjodhpal Singh, CEO, Tide India said “Our invoicing solution takes us one step further in this direction and allows us to streamline processes for SMEs, eliminating the need to use multiple products to manage disparate services.”