e-invoicing for automotive wholesalers in Malaysia

The recent news that Malaysia has become ASEAN’s second-largest automotive market highlights its growing potential as a regional leader in the automotive industry. With ambitions to establish itself as a hub for Electric Vehicles (EVs) by 2030 under the National Automotive Policy (NAP 2020), Malaysia is poised to enhance its position as a key player in the export of vehicles, components, and automotive technologies.

The automotive segment offers significant opportunities, especially as business demand grows. To maintain business competitiveness, automotive distributors must excel in supply chain management, inventory control, and regulatory compliance.

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Navigating Supply Chain Management

Supply chain management presents a substantial challenge for automotive wholesalers, primarily due to the complexities involved in tracking thousands of parts, their lead times, and exclusive manufacturers. To enhance workflows and ensure timely delivery, an ERP system such as SAP Business One is crucial for facilitating efficient supply chain management. With SAP Business One, businesses can control and manage all aspects of their operations, from finance and accounting to sales, inventory management, manufacturing, warehouse management and beyond.

Enhancing Distributor-Dealer Coordination

Another common challenge in the automotive sector is the need for effective coordination between dealers and distributors. For businesses with higher transaction volumes, the distributor-dealer network can be challenging to manage amid the constant sales and inventory movement between different parties. To assist businesses in integrating inventory and sales data among partners, be one solutions offers the be one Portal which facilitates seamless integration between distributors and dealers. Its key features include seamless B2B order processing, stock level visibility for dealers and distributors, automated ordering system that is integrated with master data from SAP Business One, as well as warranty and service management.

Staying Compliant with Regulatory Requirements

As business volumes grow, keeping up with local regulatory requirements becomes increasingly important. In 2024, Malaysia’s Inland Revenue Board (IRBM) introduced the e-Invoicing initiative, enabling various accounting software and ERP systems to send and receive e-invoices. This initiative will roll out in phases to all taxpayer companies in Malaysia. For more information, visit here: https://www.beonesolutions.com/blog/how-sap-b1-and-einvoicing-can-optimize-your-finance-processes-malaysia/

Success Story: Hap Seng Truck Distribution

be one solutions implemented SAP Business One and other specific localization functionalities, including e-invoice for our client, Hap Seng Truck Distribution. Hap Seng Truck Distribution has since benefitted from increased data accuracy, reduction in data errors, real-time submission of invoices to LHDN (Inland Revenue Board of Malaysia), and a transparent audit trail — all seamlessly integrated with their SAP Business One ERP system.

“Apart from having the right application software, having the right partner is equally important. We needed a partner who is knowledgeable and has a proven track record of implementing SAP Business One in an automotive environment like ours. be one solutions met all of these criteria!”

— Chia Nam Liang, CIO at Hap Seng Trucks Distribution