As defined by the Australian Taxation Office, Electronic invoicing (or eInvoicing) is the automated exchange of invoice information directly between a buyer’s and supplier’s accounting systems. With eInvoicing there will no longer be a need for businesses to generate paper-based or PDF invoices that must be printed, posted or emailed. Buyers will no longer need to manually enter or scan these into their accounting system.
In Australia and New Zealand, the common eInvoicing standard is PEPPOL (Pan-European Public Procurement On-Line), which is an internationally established standard. The PEPPOL standard allows invoice exchange between different accounting systems.
PEPPOL uses the eDelivery Network to connect different eProcurement systems by establishing a set of common business processes and technical standards. This provides an interoperable and secure network connecting all Access Points using the same electronic messaging protocol and formats and applying digital signature technologies to secure message content.
As proven workflow and integration specialists, FileBound collaborates with various accredited service providers, to assist organisations with their invoicing needs. Combining the power of eInvoicing with intelligent workflow, makes FileBound a one-stop solution in the Accounts Payable invoice lifecycle:
Streamlined processes ensure that invoices are paid on time and with less effort, eliminating the need to pass paper around, match invoices to POs or chase down approvals.
Approvers can access invoices that are routed to them via their mobile device, allowing timely approvals from anywhere, whether in the office, away travelling or working from home.
Advanced analytics expose data about transaction volumes, financial liabilities and vendor interactions to identify areas for improvement and assist with decision making.
Eliminate missing and duplicate invoices that lead to missed, late or duplicate payments. The result: happier suppliers, happier team members and fewer service calls.
Invoices enter the FileBound solution quickly, are routed automatically, and are accessible from anywhere, reducing resource costs and eliminating the need to manage paper files.
FileBound takes the paper out of your office, freeing up valuable physical space by storing documents electronically and reducing the costs of moving, filing, securing and storing paper.
Trade Partners of Bunnings can receive invoices electronically via the Peppol network. If you'd like to sign up to become Peppol enabled, see the following page.