Are you tired of chasing invoices, correcting invoice errors and avoiding email scams? Is this impacting your business cash flow? Electronic invoicing saves time and simplifies invoice management directly within your business’s software.
Businesses will no longer need to generate paper-based or PDF invoices which need to be printed, posted or emailed, and buyers will no longer need to scan these into their accounting system.
E-invoicing primarily aims to simplify and automate the invoicing process for businesses.
What makes e-invoicing possible is a common standard and safe and secure network that allows invoice data to be exchanged between different software or systems. Peppol is a common standard in Australia (and many other countries).
The benefits of e-invoicing for businesses include:
Businesses should consider transferring to e-invoicing as soon as possible. This may require updating existing software or adding extra services.
For a successful transition to eInvoicing, review your business processes and requirements to understand your current state of invoicing, including:
Then plan for a smooth transition to eInvoicing by