Vyapar has acquired Suvit, an AI-enabled automation accounting software, to create a unified digital ecosystem for MSMEs, CAs, and tax professionals. The acquisition aims to enhance operational efficiency across invoicing, reconciliation, and tax filing tasks. Suvit, founded by Ankit Virani, will join Vyapar, strengthening GST automation and providing financial insights.

The combined offering will provide real-time error detection and smoother filing procedures for GST, along with practice management tools for tax professionals. Vyapar’s CEO Sumit Agarwal stated the acquisition aligns with their vision to empower Indian businesses with accessible technology. The goal is to equip tax professionals to manage compliance more efficiently, reducing time and effort significantly.

Vyapar is a GST Billing and Accounting Software company in India, focusing on simplifying financial operations for SMEs. Their platform integrates billing, accounting, inventory management, GST filing, and cash flow management. The acquisition of Suvit for AI-driven accounting automation aims to enhance the user experience and provide a connected financial future for businesses and tax professionals.

Read more at Yahoo Finance: Vyapar acquires Suvit for AI-driven accounting automation