Key opportunities of Peppol invoicing
If you adopt Peppol eInvoicing and transition your key trading partners to this channel, your business will attain greater digital maturity and reduce your risk of invoice fraud. The higher the rate of Peppol adoption, the greater the benefits.
In developing your business case, we recommend considering the following key opportunities associated with Peppol eInvoicing.
Better interoperability
Peppol provides an open, standardised framework that enables interoperability between different software and systems. It supports the exchange of eInvoices, as well as other procurement documents like order, catalogue, and despatch advice, through a many-to-many network.
This allows any entity to connect once and trade with all parties on the network. This approach sets Peppol apart from traditional electronic data interchange (EDI) systems, which typically require direct, one-to-one connections with each trading partner.
Financial benefits
Peppol offers financial benefits such as productivity savings and prevention of financial losses that may result from billing scams.
Intangible benefits
Peppol provides intangible benefits, such as future proofing your organisation when doing business with government and organisations preferring or requiring eInvoicing. It also supports Australian small businesses who benefit from being able to trade using the same open data standard with all businesses.
Cost estimates
To support your business case, this report explains the assessment’s calculation estimates for accounts receivable and accounts payable costs. This includes how the average costs per sales and purchase invoice are calculated in the assessment and outlines the exceptions used in the calculation, including their assumed rates.
Key steps you need to take
To help size your implementation project, the report outlines the key steps that your business will follow to get set up for eInvoicing. Your current system characteristics and whether it is eInvoicing ReadyExternal Link will also help determine the complexity of the eInvoicing project, its duration, and resourcing requirements.
Further support
You’ll also find links to other relevant information, including how to onboard your trading partners and implement this change internally, that will supplement your knowledge of Peppol eInvoicing gained by reading this report.