Why finance needs to become friends with technology

Finance teams constantly find themselves battling things like: a need to reduce costs greater workload with the same amount of staff manual processes, which often lead to errors and disparate sources of data, making it hard to find information when they need it. The good news is that technology can improve these issues. And that’s [...]

When is the right time to implement e-invoicing?

E-invoicing lets companies exchange invoices electronically, directly to and from their software. It removes the need for unnecessary data entry and inaccurate OCR scanning. Businesses are increasingly adopting e-invoicing to: reduce costs involved in processing invoices process invoices faster make faster payments reduce data entry errors move to a more secure way of exchanging invoices. [...]

How to onboard suppliers to EDI: The key to maximising ROI

In tough times, like now for a lot of businesses, we scramble to find cost savings. We search for the lowest hanging fruit. Easy wins. The things that’ll give us the best bang for our buck. One thing to look at is automating your procure to pay processes. This is where electronic data interchange (EDI) [...]

What are my e-invoicing options?

E-invoicing is changing the way we send invoices and other documents to our partners. Simply put, e-invoicing enables organisations to send and receive invoices electronically, directly to and from their software. It removes the need for unnecessary data entry and inaccurate OCR scanning. E-invoicing happens through a four-corner model, where corners one and four are [...]

3 reports retailers need

A real benefit that’s often forgotten when it comes to electronic data interchange (EDI) is improved reporting. We all know that EDI reduces the amount of data entry errors, but not as many people leverage that data for reporting. EDI allows you to get accurate insights to make informed, data-driven business decisions. From tracking the [...]

Two-, three- and four-way matching: Made easier with EDI

Paying invoices can be a time-consuming task, especially for retailers who pay tens of thousands of invoices a month. Before payments are made, they need to check the goods have been received and the price and quantities on the invoice are accurate. The last thing they want is to be paying for things they shouldn’t [...]

The benefits of e-invoicing for businesses: An infographic

E-invoicing automates the exchange of invoices directly between businesses’ software and its use is growing across the globe as a result of the benefits it brings. Australia and New Zealand have joined forces to to make trans-tasman e-invoicing easier using the internationally-adopted Peppol e-invoicing framework. Any business within this network can now send and receive [...]

Why are retailers moving to drop shipping and EDI?

Increased pressure for high margins has made more retailers look to alternative business models. One of these is drop-shipping. Retailers are moving away from just physical stores and warehouses to drop shipping. This is often coupled with e-commerce stores. As retailers adopt drop-shipping, they’re also starting to look at ways to make fulfilment fast and [...]

Portal to integration: Why switch?

Suppliers have two main ways to comply with their retailers’ EDI requirements: EDI webforms (web portal-based EDI) or integrated EDI. Portal or web-based EDI is often the go-to choice for suppliers just starting out. EDI web portals They’re usually easy to setup and simply use a web browser to send messages to your retailers. The [...]
Things to know about STP

Key to onboarding: Message Compliance Testing (MCT)

Onboarding your suppliers to EDI is an exciting time, but it can be challenging, particularly when it comes to EDI message testing. If you’ve undertaken an onboarding exercise before, you’ll know that suppliers rarely get it right the first time around. Testing EDI messages often involves lots of effort from your team to process messages [...]

Benefits of e-invoicing for software providers: An infographic

E-invoicing automates the sending and receiving of invoices directly between businesses' software. Countries in Europe and South America were among the first to mandate e-invoicing and others around the world are starting to follow after seeing the benefits. In Australia and New Zealand, more and more government agencies and their suppliers are connecting to the [...]