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 [...]

What do you need to prepare for e-invoicing? Your readiness checklist

So, you’re interested in implementing e-invoicing but unsure where to start? You’ve come to the right place. We’ve put together a few things you’ll need to think about. Look at your business processes This is to understand your current business processes and where e-invoicing could fit. Ask yourself: How many invoices are you processing? Are [...]

4 things to think about when choosing an e-invoicing Access Point

Businesses around the world are recognising the benefits the Peppol e-invoicing network. Some of the benefits are: easier invoice processing cost savings faster invoice payments fewer errors exchanging invoices directly to and from software security it’s 60–80% more efficient than paper-based processing. If you’ve decided e-invoicing is right for you, the next step is choosing [...]

E-invoicing Access Points: Building your own vs outsourcing it

Access Points are vital to e-invoicing. But why are they so important? As part of the four-corner model, Access Points send and receive trade documents between two parties. Organisations who want to connect to the Peppol e-invoicing network need an Access Point. Access Points go through a certification process set by the Peppol framework. It [...]

The benefits of EDI: an infographic

Electronic data interchange, or EDI, is widely adopted around the world by companies looking to gain efficiencies, visibility and cost savings. But if you’re new to the concept, it can seem overwhelming. Simply put, EDI (electronic data interchange) is the exchange of business information directly between business software. Think of a purchase order being created [...]

Why should software providers become e-invoicing-capable?

E-invoicing continues to gather momentum and increase uptake around the world due to its many benefits. These include: improved cash flow and quicker payments easier processing and cost savings fewer errors direct and secure messaging available for every business size. A business’ software plays a big part for those looking to implement e-invoicing. Businesses will [...]

Traditional invoicing and e-invoicing: A comparison

We’re beginning to see a big change in the way we do invoicing in business. What used to be a very manual, paper-based process is now becoming automated and digital with the introduction of e-invoicing. What is e-invoicing? To put it simply, it is the electronic sending and receiving of invoices in a structured data [...]
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New e-invoicing legislation has become law. What does it mean for you?

More than 1.4 billion invoices are sent every year in Australia and New Zealand. With that in mind, it is easy to understand why people, especially those in the Australian Government, see e-invoicing as a game changer. What is e-invoicing? E-invoicing enables organisations to send and receive invoices electronically, directly to and from their software. [...]

EDI for suppliers: What option is best for my business?

Picking up a new retail client can be such an exciting time. But some of their requirements can seem daunting when you’re facing them for the first time. One of the things retailers often ask is for their suppliers to trade with them via electronic data interchange, or EDI. What is EDI? EDI is the [...]

Costs of manual vs EDI procurement: A comparison

Placing orders Think of a company that issues thousands of purchase orders a month. They’ll likely receive at least one invoice for every purchase order issued. Let’s look at the process for this simple scenario: Buyer manually enters the purchase order in their software Buyer sends order to supplier via email Supplier manually enters the [...]

EDI more than just automating your supply chain.

Looking for ways to improve processes is critical to any business, particularly in the areas of efficiency and cost reduction. Electronic Data Interchange (EDI) allows the exchange of business information directly between the software of your business and your customers and suppliers. It automates unnecessary manual processes while streamlining supply chain transactions. Companies commonly implement [...]