'Our goal is to simplify finance processes': Clear CEO Archit Gupta

livemint.com:

Mint and shared his views. Archit Gupta: ClearTax began as a tax filing solution over ten years ago. We have rebranded Clear which extends far beyond just tax compliance.

We offer all the solutions through the Clear Finance Cloud, that brings both upstream and downstream financial processes together. We have now forayed into the invoice discounting space and acquired Xpedize, a solution to bring accounts payable and treasury together. We also acquired CimplyFive for the automation of company law compliance.

Archit Gupta: Clear, formerly ClearTax, has built the Clear Max ITC solution to optimize input tax credit through AI-based tools. Through Clear Max ITC, we have unblocked over ₹9,000 crore for over 3,000 businesses. It’s a powerful tool that assures businesses of an increase in their cash flows by optimizing their input tax credit.

We introduced the Clear e-Invoicing solution for the bulk generation of thousands of e-invoices in real-time, guaranteeing 99.99% uptime. We offer integration with the Clear e-Way Bill solution for faster, more efficient, and error-free compliance. For non-e-invoicing customers, we have Clear Invoicing for generating GST-compliant invoices that can integrate deeply with your order management system.

By leveraging Clear’s connected finance ecosystem, the data from your invoices and e-invoices seamlessly flows into the draft GST returns with a click of a button. Our automated and real-time reconciliations help every enterprise be aware if their data does not match or if they are at risk of paying interest and penalties. We also developed a CFO dashboard that puts vital financial information, insights, and analytics at their fingertips.