{"id":10735,"date":"2023-11-09T15:13:18","date_gmt":"2023-11-09T02:13:18","guid":{"rendered":"https:\/\/link4.co\/nz\/?p=10735"},"modified":"2023-11-09T15:13:19","modified_gmt":"2023-11-09T02:13:19","slug":"electronic-invoicing-in-the-automotive-industry-the-solution-forward","status":"publish","type":"post","link":"https:\/\/link4.co\/nz\/blog\/electronic-invoicing-in-the-automotive-industry-the-solution-forward\/","title":{"rendered":"Electronic invoicing in the Automotive industry &#8211; The solution forward"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-1024x576.png\" alt=\"\" class=\"wp-image-10738\" style=\"object-fit:cover\" srcset=\"https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-1024x576.png 1024w, https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-300x169.png 300w, https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-768x432.png 768w, https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-1536x864.png 1536w, https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-2048x1152.png 2048w, https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-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 class=\"wp-block-paragraph\">The automotive industry constantly strives to improve both quality and efficiency in invoice processing.&nbsp;The New Zealand eInvoicing network (Peppol) is gaining significant traction with over 10,000 organisations having signed up to streamline their invoicing process, automate their workflows and boost efficiency.<\/p>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">eInvoicing in the Automotive industry<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">eInvoices contain all of the same information as traditional invoices, but in a digital format<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Electronic invoicing, or eInvoicing, is the digital exchange of invoice data between a supplier and a buyer in a structured format. The structured format of eInvoices allows accounts payable systems to automatically process each invoice field quickly and efficiently, starting the invoice processing cycle immediately.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is an overview of the eInvoicing process:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Automotive Supplier creates the invoice in their accounting system as per usual and pushes send.<\/li>\n\n\n\n<li>The invoice travels through the Peppol eInvoicing Network.<\/li>\n\n\n\n<li>The Automotive Customer&#8217;s accounting system automatically receives the invoice data, populated right where it needs to be, moments after the invoice was created.<\/li>\n\n\n\n<li>The Customer reviews the invoice and approves (or denies) it without any manual entry.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The entire eInvoicing process, whether you are a supplier or a customer, can be completed in a matter of minutes which can free up the finance team to focus on other tasks.<\/p>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">eInvoicing adoption results<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">eInvoicing offers a number of benefits to automotive companies, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Security:<\/strong>&nbsp;eInvoicing is much more safer than paper invoices or the existing email system.<\/li>\n\n\n\n<li><strong>Cost-effective:<\/strong>&nbsp;According to research, paper-based invoices cost about $26 to process, PDF invoices cost $23, but eInvoices costs only $8!<\/li>\n\n\n\n<li><strong>Rapid payments:<\/strong> As a supplier, you can gain accelerated payment cycles of up to 3x faster payments. As a customer, you can improve your supplier relationships.<\/li>\n\n\n\n<li><strong>Scalability:<\/strong>&nbsp;Ability to handle large volumes of invoices with no delays.<\/li>\n\n\n\n<li><strong>Enhanced supplier and customer experiences<\/strong>:&nbsp;Easy accessing, reviewing and tracking invoice and payment status.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">How to implement eInvoicing in your business?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">To ensure a smooth transition to eInvoicing, it is important to consider some key elements:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identify your invoicing goals.<\/li>\n\n\n\n<li>Choose your eInvoicing provider based on experience and skills.<\/li>\n\n\n\n<li>Integrate your existing accounting system with eInvoicing.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">How can Link4 help?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">At Link4, we offer eInvoicing solutions for businesses of all sizes, helping them send and receive invoices easily and improve supplier-customer relationships.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our team of experts is here to support you every step of the way and ensure all your invoicing goals are met. Discover more about Link4 eInvoicing at<a href=\"https:\/\/www.link4.co\/nz\/\">\u00a0www.link4.co\/nz<\/a>.<\/p>\n\n\n\n<div style=\"height:79px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Footnote: In this article, \u201ceInvoicing\u201d and \u201ce-invoicing\u201d are used interchangeably to refer to electronic invoicing.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The automotive industry constantly strives to improve both quality and efficiency in invoice processing.&nbsp;The New Zealand eInvoicing network (Peppol) is gaining significant traction with over 10,000 organisations having signed up to streamline their invoicing process, automate their workflows and boost&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-10735","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Electronic invoicing in the Automotive industry - The solution forward - Link4 eInvoicing - New Zealand<\/title>\n<meta name=\"description\" content=\"The automotive industry constantly strives to improve both quality and efficiency in invoice processing.&nbsp;The New Zealand eInvoicing network (Peppol)\" \/>\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.co\/nz\/blog\/electronic-invoicing-in-the-automotive-industry-the-solution-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electronic invoicing in the Automotive industry - The solution forward - Link4 eInvoicing - New Zealand\" \/>\n<meta property=\"og:description\" content=\"The automotive industry constantly strives to improve both quality and efficiency in invoice processing.&nbsp;The New Zealand eInvoicing network (Peppol)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/link4.co\/nz\/blog\/electronic-invoicing-in-the-automotive-industry-the-solution-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Link4 eInvoicing - New Zealand\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T02:13:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T02:13:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/link4.co\/nz\/wp-content\/uploads\/sites\/3\/2023\/11\/Blog-Automobiles-au-1-1024x576.png\" \/>\n<meta name=\"author\" content=\"Link4\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Link4\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/link4.co\\\/nz\\\/blog\\\/electronic-invoicing-in-the-automotive-industry-the-solution-forward\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/link4.co\\\/nz\\\/blog\\\/electronic-invoicing-in-the-automotive-industry-the-solution-forward\\\/\"},\"author\":{\"name\":\"Link4\",\"@id\":\"https:\\\/\\\/link4.co\\\/nz\\\/#\\\/schema\\\/person\\\/89e42b13777416a23818caf6ab168ad5\"},\"headline\":\"Electronic invoicing in the Automotive industry &#8211; 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