Suvit X Vyapar Assignment

(Product Improvement)

Problem statement
Tax professionals face challenges in managing and integrating data from
various accounting systems, dealing with complex user interfaces, and
customizing tax reporting to meet specific client needs.
As a Product Manager, your task is to design and propose a new feature that
addresses one or more of these pain points, improving the overall user
experience and functionality of the platform.
Your response should be structured and concise with maximum of 5 pages
including visuals or diagrams if necessary

What is Suvit? What are its offerings?

Suvit is an innovative AI-driven
accounting automation software
designed to simplify complex
accounting needs. The platform
offers an intuitive and user-friendly
experience, significantly saving time
for accountants, CAs, and tax
professionals by reducing manual
effort and minimizing errors in data

Suvit X Vyapar Assignment 1

 entry. Below are the features that
Suvit offers

Features:
Data Entry Automation
Effortlessly send data to your accounting software within minutes, ensuring
quick and accurate extraction from multiple document types including
Excel, PDF, and scanned PDFs. This feature not only reduces manual effort
but also minimizes errors, streamlining your accounting processes and
boosting productivity.

Document Management
Easily upload and systematically store client documents in organized
folders. Mark important folders as favorites for quick access, and retrieve
documents from anywhere, ensuring efficient and secure document
management that enhances your accounting processes.

Report and Analytics

This feature offers interactive dashboards, detailed financial reports, and
transaction analysis. It includes data filters, export options, and
customizable visualizations. Track performance anytime, anywhere, with
mobile alerts for cash flow, inventory, payment dues, and key KPIs,
ensuring informed, data-driven decisions on the go.

GST Reconciliation

This feature automates the reconciliation of GSTR-1, GSTR-2A, and GSTR-

2B, streamlining the comparison of GST data with purchase records. It
provides advanced tools for identifying mismatches, calculating eligible
Input Tax Credit (ITC), and ensuring compliance. The platform integrates
with Tally, automates data fetching from the GST portal, and offers real-
time reconciliation status, enhancing efficiency and accuracy in GST
management.

Client Management
Easily setup accounts for clients, ensuring they have access to the relevant
information and tools they need. Assign specific roles to each client and
link them to the appropriate companies, ensuring the clients have access to
the only data that’s relevant to their role. Create roles to control the access
and permissions for various documents.

Suvit X Vyapar Assignment 2

 How can you improve Suvit as a Product Manager?
Clarifications/Assumptions

1. What exactly are we trying to improve? (User adoption, engagement,

retention, experience etc)

🛠 Enhancing the overall user experience and functionality of the

platform will encourage businesses and tax professionals to fully
utilize its automated and efficient capabilities, reducing manual
processes and increasing productivity.

2. Which demography are we focusing on? Are we trying to improve for a

specific region?

🌎 India

3. Are we targeting one platform or all of them (Web, desktop mobile app)

⚙ All of them

4. Any specific OS (Windows, MacOS, iOS, Android)

🚧 All of them

User Personas
1. Priya

Accountant, 34 years old, lives in Bangalore

She manages the finances for a mid-sized company and looks for software
that simplifies her workload and integrates with other systems seamlessly.

Pain points:

Manually entering data is time-consuming and prone to errors.

Suvit X Vyapar Assignment 3

 Managing multi GSTINs at different places is cumbersome.

Difficulty calling and reminding supplier to file GSTR1 for a few invoices as
they didn’t get reflected in GSTR2B

Difficulty in generating customized financial reports.

Struggles with integrating different software systems, leading to

inconsistent data.

2. Amit

Freelance tax consultant, 42 years old, lives in Delhi

He needs a reliable tool to manage multiple clients' tax records and

streamline the filing process.

Pain points:

Keeping track of numerous client documents and deadlines is challenging.

Manually reconciling GST data is tedious and error-prone.

Lacks an efficient way to communicate and share documents with clients

securely.

📎 Most of the users fall into the user persona of Priya, especially
Accountants, CAs, and taxn professionals who would want to have a
streamlined process of managing clients, ERP integrations and
reconciliation process. So, I would like to go forward with the user
persona of Priya.

Solutions
1. The Multi GSTIN feature under each client allows an accountant to manage
all entities connected to a company from a single interface, eliminating the
need to search for each entity multiple times. This feature reduces
unnecessary clicks and streamlines the workflow. Accountants can create
customized dashboards, view comprehensive analytics, and generate
reports efficiently within this unified platform.

Suvit X Vyapar Assignment 4

 2. Remind Your Supplier feature ensures suppliers file their GSTR-1 returns on
time, reducing the frequency of missed filings. This proactive reminder
system (Notification Via WhatsApp) prevents the omission of crucial data in
GSTR-2A/2B, saving accountants the hassle of repeatedly contacting
suppliers. It facilitates smoother reconciliation for Input Tax Credit (ITC),
minimizing discrepancies and enhancing compliance.

3. Create a detailed video for each feature page that explains its significance,
capabilities, and usage. This will ensure users can easily understand and
utilize the features without needing to leave the platform to search for
answers or send emails. This approach enhances user-friendliness and
keeps users engaged within the platform. (Current YouTube videos doesn’t
have much visibility on the platform and looks scattered in information)

4. Integrate with other ERP providers, such as SAP, to expand beyond Tally's
current user base (Tally ERP 9 is used by about 0.2% of companies in the
Enterprise Resource Planning (ERP) market). This integration will enhance
interoperability, making it easier for businesses using different ERP systems
to adopt and benefit from the platform.

Prioritization

Feature Impact Effort Rank

Multi GSTIN M L 2

Remind your
H L 1
supplier

Create a detailed
H L 1
video

Integrate with other

M H 3
ERPs

Success Metrics
Goal: Improving user experience and functionality

1. Remind your supplier

% Reduction in Missed GSTR-1 Filings: % decrease in the number of GSTR-

1 filings missed by suppliers after the implementation of the reminder
feature.

Suvit X Vyapar Assignment 5

 % Improvement in ITC Reconciliation Accuracy: % increase in the accuracy
of Input Tax Credit (ITC) reconciliation due to timely reminders sent to
suppliers.

2. Create a detailed video

DAU/MAU (Daily/Monthly active users)

% Reduction in Customer Support Queries

Summary
The proposed enhancements to Suvit, focusing on user experience and
functionality, aim to address key pain points faced by users. By introducing
features like "Remind Your Supplier" for timely GSTR-1 filings and detailed
instructional videos for each feature, Suvit can significantly improve user
experience. These improvements will streamline workflows, reduce manual
processes, and enhance overall productivity. Implementing these changes will
position Suvit as a more comprehensive and user-friendly platform, better
serving the needs of accountants, CAs, and tax professionals in India.

Suvit X Vyapar Assignment 6