E-invoicing is the latest, most innovative way to send and receive invoices for your Australian business. The most promising platform that provide this service, is PEPPOL, and the process is changing the lives of business owners. Here are just some of the many advantages to using a PEPPOL e-invoicing solution and some advice on selecting the best one for your business.
Advantages of a PEPPOL e-invoicing solution
#1 Easy Implementation
The best part about the PEPPOL e-invoicing platform is that it is incredibly easy to implement for any business, service provider, or government agency. Experienced providers such as Storecove are incredibly skilled at incorporating PEPPOL and e-invoicing into your business’ existing financial operations or software, and helping you reap the benefits of PEPPOL.
Invoicing is an essential part of a company and, as e-invoicing is a powerful instrument for company growth, many e-invoicing providers are passionate about optimising this process easily and efficiently. Peppol is a network through which you connect to all participants, which is a huge difference to the old EDI one to one connection network.
#2 Streamlines your business operation
E-invoicing and PEPPOL will save you time and is far more convenient than traditional invoicing methods. All invoicing activities can be executed through one convenient location and in turn allows invoicing with customers from all over the world, directly placing each sent invoice in the bookkeeping system of the recipient.
Complicated invoice communication between companies – due to different formats and multiple locations – is no longer an issue with PEPPOL e-invoicing.
#3 Secure and easy to use
It doesn’t really matter which financial team member is responsible for sending and receiving the invoices. PEPPOL is quite easy to understand and to connect to based on an ID like your company VAT number. Therefore, the financial department will quickly be able to increase productivity.
The system is also incredibly safe due to automatic company recognition (due to unique identifiers) and extremely strict safety measurements. In other words, with e-invoicing you can be sure that your invoice is processed quickly and safely.
#4 Invoices are paid earlier on average
Research has shown that electronic invoices – on average – are paid 16 days quicker compared to paper invoices. Even PDF invoices take much longer to process. When cutting down the time it takes to send and receive payments, you can watch your business thrive faster.
Say goodbye to the days of waiting around for a payment to come through. Because the sent invoices flow directly into the accountancy package of the receiver and thus need less time to be processed altogether, e-invoices will be paid quicker every single time. These are just some of the many powerful advantages that PEPPOL e-invoicing can provide to Australian businesses.
How to find the best provider for your business
Now that you know just how beneficial e-invoicing is, you may be wondering how you can find the best provider for your business. Every business requires different features from a provider and you need to make sure that the one you choose will be easy to implement for you.
We therefore advise you to perform thorough research into which Peppol access point / E-invoicing solution best fits your needs. Our personal favourite is Storecove, an international e-invoicing solution and access point that always puts the customer first. They always convert your invoice format to the format requested by the customer. Received invoices are automatically converted to the format you need. You only connect once and everything else is taken care of. Definitely worth checking out.