Government bodies in Australia must now use automated e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. software to send and receive e-invoices in the Peppol format – and it seems that businesses could soon be mandated to do so too.
Following the introduction of legislation that requires public administrations to use e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. from 1st July 2022, the Australian government and the Business eInvoicing Right (BER) have this month announced an initiative to push for the adoption of B2B e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. as soon as possible.
If approved and introduced, it would mean all companies must request trading partners send them e-invoices in the same Peppol format that has already been implemented for government transactions.
The national government has recently announced it will invest an additional AU$15.3 million in a project to increase business awareness, drive adoption and enhance the value of e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing..
This funding will enable the Department of Treasury and the Australian Peppol Authority to:
- Offer education to businesses on the benefits of e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing..
- Partner with payment providers to ease the integration of e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. into core systems.
- Carry out pilots with large businesses to secure valuable insights.
When is e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. likely to become mandatory in Australia?
Although there has not yet been any official confirmation of a start date for mandatory B2B e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing., several sources have reported that the local authorities in Australia are hoping to introduce it as soon as possible.
The BER has put forward three potential implementation paths:
- From 1st July 2023: All businesses can request that large trading partners send e-invoices using Peppol.
- From 1st July 2024: All businesses would be required to receive e-invoices from medium and large trading partners.
- From 1st July 2025: All businesses would need to exchange e-invoices using Peppol.
How can businesses get ready?
The first step for businesses is to connect to the Peppol network, which can be done through existing software, a specialist e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. provider or an online platform.
Once that step has been cleared, we recommend planning for a smooth transition from existing manual processes to an automated future.
This involves working with an automation expert to review the key features you will need in an e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing. solution and related configuration. By understanding the challenges you face, communicating with suppliers and customers in the built-up to changes and investing in suitable technology, it is possible to achieve a seamless journey to e-invoicingElectronic invoicing - widely referred to as e-invoicing - is the exchange of a digital document between a supplier and a buyer. E-invoices are issued, transmitted and received in a structured data format that enabled automatic and electronic processing. They contain data in a machine-readable format so that an AP system can read an invoice without manual data entry, leading to faster and more efficient invoicing..