Learn the basics

What is eInvoicing?

eInvoicing enables organisations to send and receive invoices electronically, directly to their software. It removes the need for unnecessary data entry and inaccurate OCR scanning.

eInvoicing in Australia is provided through a network of interoperable Access Points, like MessageXchange, conforming to the PEPPOL standard that has been adopted around the world.

eInvoicing happens through a four-corner model, where corners one and four are the supplier and customer, and corners two and three are Access Points. Access Points connect to each other to exchange eInvoices. You can think of it like a telephone network – your phone and your friend’s phone are corners one and four, and your network provider (like Telstra, Optus or Vodafone) are corners two and three.

Check out our An introduction to eInvoicing whitepaper to learn more.

The benefits

Why should you use eInvoicing?

  • Cost savings
    Studies have found that it costs $30.87 to process a paper invoice, $27.67 a PDF invoice, and only $9.18 to process an eInvoice.
  • Less time and errors
    The eInvoicing process removes a lot of manual data entry. It’s a fully-automated process, so you can cut out the time and errors from manually entering invoices. Using our business process management engine, you can automate what used to be a manual process of matching invoices to orders, checking prices and more.
  • Faster invoice payments
    The average eInvoice is processed in 5 days (compared with 23 days for a regular invoice). With a fully automated process, get paid much faster and increase your cash flow.
  • Automation
    Automate the process of sending and receiving invoices. With our business process management engine, you can even automate other processes like two- or three-way matching, approvals, checks and more.

eInvoicing software

Using one of these? We’ve got you covered.

Click here to see more.

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