ClearTax launches ClearOne for SMEs to help them create professional invoices and E-Invoices 

Mumbai, May 12, 2021: To help Indian businesses digitize and streamline their billing/invoicing and E-invoicing needs, ClearTax, India’s leading fintech Saas company for e-filing and GST compliance, has launched a GST compliant billing and E-Invoicing product called ‘ClearOne’.

ClearOne is an easy to set up and easy to use invoicing product which enables SMEs to generate professional invoices for their business. SMEs can make bills/invoices, customise it as per their own or their customer’s requirement, raise and monitor their invoices on the go and be fully compliant with regulatory requirements.

Small businesses in India continue to struggle with billing solutions that can serve their wide-ranging needs. These needs may include professional invoicing, e-invoicing, export invoicing, e-way bill generation, and so on. They need invoicing solutions that accomodate frequent regulatory changes at scale. ClearOne offers all of the above and is an easy to use billing software that can be used by any type of business. The current solutions in the market are complex to use and not user friendly.

The launch comes at a time when the government has adopted a firm approach towards regulatory compliance with zero tolerance for frauds and is levying heavy penalties.This is where the ClearOne platform brings an easy, affordable and compliance proof solution for small businesses. It supports the end-to-end, billing-related needs of a business while ensuring that they remain future-compliance-proof, such as being ready for the e-Invoicing mandate which will soon become applicable for all businesses in India.

Archit Gupta Founder and CEO of ClearTax said, “Invoicing is key to running a business and digitisation of the invoice is essential when the intent is of business transaction digitisation. The government is moving towards a completely digital invoicing era which will result in massive change for businesses. As a consumer centric company we want to make this journey smooth for the user.”

He added, “ClearOne is the direct result of our in-depth market study and a better understanding of the need-gaps that businesses typically have to face. We are confident that users will find ClearOne very intuitive and easy to set up and use.”

There are roughly 5 million small businesses in India that need a software solution to raise invoices. Out of them, ClearTax is looking to onboard about 1 million in the first year of its launch. As of now, ClearTax caters to more than 2,000 of India’s biggest brands and corporations as well as 5 million individual taxpayers. It processes around 10 percent of the country’s overall B2B invoices, cumulatively contributing to a trade value of over $300 billion every year.

Businesses can start using ClearOne by visiting https://one.clear.in/