{"id":11337,"date":"2023-10-27T07:43:30","date_gmt":"2023-10-26T23:43:30","guid":{"rendered":"https:\/\/link4.asia\/my\/?p=11337"},"modified":"2023-10-27T07:43:31","modified_gmt":"2023-10-26T23:43:31","slug":"why-do-supermarkets-and-grocery-stores-need-to-adopt-e-invoicing","status":"publish","type":"post","link":"https:\/\/link4.asia\/my\/blog\/why-do-supermarkets-and-grocery-stores-need-to-adopt-e-invoicing\/","title":{"rendered":"Why do supermarkets and grocery stores need to adopt e-invoicing?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-1024x576.png\" alt=\"\" class=\"wp-image-11342\" srcset=\"https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-1024x576.png 1024w, https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-300x169.png 300w, https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-768x432.png 768w, https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-1536x864.png 1536w, https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-2048x1152.png 2048w, https:\/\/link4.asia\/my\/wp-content\/uploads\/sites\/2\/2023\/10\/Blog-Supermarkets-SG-version-1-1920x1080.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Are you committed to making your store more efficient but need help with the time-consuming and chaotic invoicing tasks? Retail stores can streamline their procurement operations by switching to e-invoicing, despite having to deal with numerous suppliers, different approval processes and massive amounts of invoice data.<\/p>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">The benefits of eInvoicing for your business<\/h4>\n\n\n\n<p><strong>Improve&nbsp;Supplier Relationships: <\/strong>E-invoices are typically processed up to 3x faster and more efficiently which can lead to timely or even faster payments. Avoiding payment delays helps maintain better supplier relationships.<\/p>\n\n\n\n<p><strong>Strengthen Security:<\/strong>&nbsp;E-invoicing provides a safe approach to invoicing by reducing human errors, improving auditability, enabling the&nbsp;security features that come with an automated solution, and above all eliminating the risk of payment scams.<\/p>\n\n\n\n<p><strong>Improve Efficiency: <\/strong>With e-invoicing you can switch from outdated, time-consuming processes to streamlined workflows. Invoices are directly received to your accounting system, avoiding the hassle of managing emailed or posted invoices.<\/p>\n\n\n\n<p><strong>Cost-effective: <\/strong>Studies indicate that processing an e-invoice is much more cost-effective than paper-based or PDF invoices. Also, e-invoicing frees up finance teams from manual tasks&nbsp;allowing them to focus on activities that help increase ROI.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-plain is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-text-align-center\" style=\"font-size:16px\"><strong>Many businesses believe they have adopted <strong>e-invoicing<\/strong> by switching from paper to digital invoices (invoices sent via email), but the optimum benefits of <strong>e-invoicing<\/strong> can only be realised by automating the entire invoice process.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>Studies undertaken on the Woolworths Group showcase great examples of how e-invoicing can benefit the supermarket sector:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>E-invoicing streamlined their invoicing process and boosted efficiency for both Woolworths and their suppliers, reducing queries by 70% and speeding up response times from 14 days to less than 24 hours.<\/li>\n\n\n\n<li>This ultimately led to better supplier satisfaction and stronger relationships.<\/li>\n\n\n\n<li>Mundane tasks were automated allowing the business to focus on more value-adding tasks.<\/li>\n\n\n\n<li>Automation of manual tasks reduced costs and eliminated the need for paper and postage when&nbsp;manual processing is compared to taking you &#8220;20 years (back) in time&#8221;.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">Interested in adopting eInvoicing at your supermarket or grocery store?<\/h4>\n\n\n\n<p>If you are in the market to discover the advantages of electronic invoicing (or otherwise e-invoicing) for your business, we are happy to help!&nbsp;With a wealth of experience in InvoiceNow e-invoicing services within Singapore, LinkFor can provide your organisation a customised solution that aligns with your industry needs.<\/p>\n\n\n\n<p>Our team of experts is here to support you every step of the way and ensure all your invoicing goals are met. We can help you onboard the Singaporean Peppol E-invoicing Network (InvoiceNow) without any disruption to your current operations.\u00a0Discover more about LinkFor E-invoicing at <a href=\"https:\/\/link4.asia\/my\">www.linkfor.asia\/my<\/a><\/p>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Are you committed to making your store more efficient but need help with the time-consuming and chaotic invoicing tasks? Retail stores can streamline their procurement operations by switching to e-invoicing, despite having to deal with numerous suppliers, different approval processes&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":["post-11337","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why do supermarkets and grocery stores need to adopt e-invoicing? - Link4 E-invoicing - Malaysia<\/title>\n<meta name=\"description\" content=\"Are you committed to making your store more efficient but need help with the time-consuming and chaotic invoicing tasks? Retail stores can streamline\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/link4.asia\/my\/blog\/why-do-supermarkets-and-grocery-stores-need-to-adopt-e-invoicing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why do supermarkets and grocery stores need to adopt e-invoicing? - Link4 E-invoicing - Malaysia\" \/>\n<meta property=\"og:description\" content=\"Are you committed to making your store more efficient but need help with the time-consuming and chaotic invoicing tasks? 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