15 Aug eInvoicing is not just for big business
SMEs can take advantage of efficiencies and cost savings.
Whether you’re curious about implementation or compatibility with existing processes, now is the time to take the next step towards a digital future for your business.
eInvoicing is the fast, easy and secure way to send and receive invoices between buyers’ and suppliers’ accounting systems. It is not email or pdf.
eInvoicing is like a mobile phone service. Once you select a provider and get connected, you can exchange invoices with anyone on this network using their ABN. This reduces the chance of scams or fraudulent invoices.
Australia and New Zealand adopted the Pan-European Public Procurement On-Line (PEPPOL) in 2019, which is an international framework used in almost 40 countries, including Singapore and Japan.
You no longer need to manually enter or scan paper or pdf invoices into your accounting systems because it will automatically appear in your systems ready to be processed and paid.
Extract of Acuity August 2022