Case Study: a multinational real estate company automates payment blockage and improves invoice reconciliation with Cygnet TaxTech

A multinational real estate automated their payment blockage process

Cygnet TaxTech worked with a multinational real estate company, one of India’s largest real estate developers with projects across Mumbai, Thane, Hyderabad, Pune, and London. The company was struggling with manual payment reconciliation, missing invoice values, repeated file upload/download work, and limited system tracking to block payments for invoices not reported by vendors.

Cygnet TaxTech automated the full reconciliation and payment-blocking process, including file handling, checks, cockpit-based restrictions, auto-blocking of missing entries, and invoice booking using GSTR-2A data. The result was reduced man-hours, improved operational efficiency, quicker invoice booking, fully automated processing with zero manual intervention, and better protection of ITC claims through a restricted payment process.