How can enterprises in the agriculture and agricultural products industry implement a reverse invoicing system?

The system achieves real-time matching of goods, order, payment, and invoice, with automatic alignment of the four flows; mobile acceptance and receipt entry replace manual gauging and grading; reverse invoicing automates compliant acquisition of deduction vouchers.

What problems existed at Weimeng Yungu before launching reverse invoicing?

Hard to unify the Four Flows: goods, documents, payments, and invoices are separated, creating high tax risks; acceptance relies on manual work: manual measurement and grading lead to frequent disputes and annual losses exceeding RMB 5 million; missing input VAT invoices: farmers cannot issue invoices, causing enterprises to overpay about RMB 12 million in tax annually.

What results were achieved after the Weimeng Yungu reverse invoicing project went live?

Four Flows automatically aligned, 100% compliance rate; procurement efficiency up 80%, with a single transaction cut from 2 hours to 20 minutes; reverse invoicing saves over RMB 10 million in tax annually.

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Agriculture and agricultural productsReverse invoicing

Weimeng Yungu · One of the largest integrated timber suppliers in Central China

Weimeng Yungu | Timber reverse invoicing, annual tax savings exceeding RMB 10 million

80%Purchase efficiency improvement

10 million+Annual tax savings

Enterprise overview

Weimeng Yungu Supply Chain Co., Ltd. is one of the largest integrated timber suppliers in Central China, with business covering the entire chain of log procurement, processing, and trading. It purchases over 500,000 cubic meters of timber annually, cooperates with more than 3,000 forest farms and farmers, and has annual procurement amounts of over RMB 1 billion, with multiple purchasing stations in Hubei, Hunan, Jiangxi, and other places.

Business pain points

Hard to unify the Four Flows: Goods, documents, payments, and invoices are separated, creating high tax risks
Acceptance relies on manual work: Measurement and grading are manual, disputes occur frequently, with annual losses exceeding RMB 5 million
Missing input VAT invoices: Farmers cannot issue invoices, and the enterprise pays about 12 million yuan more in tax annually
Cash settlement is difficult to trace: Capital flows are opaque, hindering audits and financing

Solutions

The system achieves real-time matching of goods, order, payment, and invoice, with automatic alignment of the four flows.
Mobile acceptance and receipt entry replaces manual gauging and grading
Reverse invoicing automation for compliantly obtaining deduction vouchers
Full-chain digital payment via bank-enterprise direct connection
Intelligent tax adaptation automatically matches policies across multiple provinces and generates filing ledgers with one click

Results achieved

Four Flows automatically aligned, 100% compliance rate
Purchase efficiency increased by 80%, with a single transaction reduced from 2 hours to 20 minutes
Reverse invoicing saves over 10 million yuan in tax annually
Digital payments eliminate cash and are fully traceable