Overview

Vendex is a invoice and receivable management software that helps you:

Vendex is designed for SMEs and Suppliers who want to automate their order fulfillment processes and stay compliant with tax and regulatory bodies.

Account Type

Description

Best For

Standard

Basic invoicing, payment reminders, basic analytics

Small businesses

Premium

Advanced forecasting, custom integrations, priority support

Growing SMEs

Enterprise

Custom features, dedicated support, white-labeling, SLA guarantees

Large organizations

Access Point Provider (APP): Certified entity responsible for secure transmission of e-invoices to FIRS.
Credit Note: Document issued to reduce or cancel an invoice amount, typically for returns or corrections.
Debit Note: Document issued to increase an invoice amount for additional charges.
E-Invoicing: Digital process for creating, sending, and processing invoices electronically in structured format.
Entity ID: Unique identifier assigned by FIRS to each registered business entity.
FIRS: Federal Inland Revenue Service, Nigeria's primary tax authority.
Fiscalization: Reporting of paid invoices to tax authorities for tax compliance.
HSN Code: Harmonized System of Nomenclature code used to classify products and services internationally.
IRN: Invoice Reference Number, unique identifier following format: {InvoiceNo}-{ServiceID}-{YYYYMMDD}.
MBS: Merchant Buyer Solution, FIRS's e-invoicing licensing framework.
NITDA: National Information Technology Development Agency, regulatory body for IT in Nigeria.
QR Code: Machine-readable code containing invoice verification data.
Service ID: 4-8 character identifier extracted from business's IRN template.
TIN: Tax Identification Number assigned to individuals or businesses for taxation purposes.
UBL: Universal Business Language, standardized format for electronic business documents.
VAT: Value Added Tax, standard rate 7.5% in Nigeria.

Last updated 17 days ago