buscar

Technology Update
Our present is the best guarantee for the future

Australia Introduces Electronic Invoicing Through the Digital Business Plan

21/10/2020

australia-commomwealth-einvoicing-blog

The Australian government has hatched a plan to support the digitalization of businesses to make its economy more dynamic, competitive and to counteract the economic effects of the COVID pandemic.  Part of the Digital Business Plan is to invest in the mass adoption of electronic invoicing.

The Digital Business Plan was announced on September 29th by the Australian Prime Minister and includes 800 Million AUD to increase digital productivity and employment in Australian companies.

The implementation of the electronic invoice is in the scope of the Australian government and is one of the strategic components of the plan for economic recovery. The plan will allocate 3.6 million AUD for the implementation of electronic invoicing before July 1st, 2022.

The Australian government would like to promote the optional use of e-invoicing with its providers and then, at a future date to make it mandatory.

The advantages of e-invoicing can be found online with the objectives of the Digital Business plan for economic recovery. The implementation of this system of invoicing greatly favors businesses by increasing savings by eliminating paper, increasing efficiency through automation and integration of sent and received invoices and the elimination of errors in invoices.

In Australia the reduction of payment and billing times is reinforced by the approval of the Supplier Pay On-Time or Pay Interest Policy, which means that public administrations thar receive electronic invoices through PEPPOL will begin payment to suppliers in five business days. The only pre-requisites are that the contracts covered by this policy are worth a minimum of 1 million AUD.

 

Electronic Invoicing In Australia

Australia and New Zealand implemented their government e-invoicing projects through the Australia and New Zealand Government Electronic Invoicing Arrangement.

Through this agreement both countries seek to improve productivity and reduce costs through a single interoperable digital market for their suppliers.

The chosen system for the exchange of electronic invoices was the PEPPOL network. Since 2019 private companies and public institutions in Australia and New Zealand have been able to e-invoice through PEPPOL.

PEPPOL allows you to send and receive purchase orders, invoices, dispatch advices, purchase acknowledgements, credit, and debit notes all under a common standard, independent of where your trading partners are located.

Companies communicate through a certified Access Point in each country.

The basic requirements to operate with the electronic invoicing system are:

  • To use an accredited PEPPOL access point in each country that can convert data messages to the structures and specifications of the PEPPOL network.
  • To dispose of software capable of transforming electronic invoices from your management system to the PEPPOL BIS Billing 3.0 standard.

EDICOM was accredited as a PEPPOL access point by the Australian Tax Office (ATO) and the Ministry of Business, Innovation and Employment for both Australia and New Zealand.

The accreditation as a PEPPOL Access Point and as an authorized third party allows EDICOM to connect with the PEPPOL platform facilitating the interchange of any kind of electronic document.

EDICOM operates PEPPOL Technology completely independently from third parties, which guarantees the speed and flexibility to adapt to any market using PEPPOL standards.

Through EDICOM’s Electronic Invoicing Platform we manage e-invoices for public administrations and private companies (B2B2G) in over 70 countries.

 

 

Would you like to find out more?


Ask for information.

Tags

Cloud Computing B2B Cloud Platform EDI ASP-SaaS e-Invoicing GDSN VMI VAN OFTP2 AS2 Certification Authority Digital Signature Outsourcing SLA Software EDICOM Events Expert Chat SaaS-ASP Corporate Information GS1 CFDI PAC APP Associated Facturae Data Sync NOM151 partners EDICOM Retail public administrations Acreditations Web Portal EDI NF-e einvoicing Partner Web Portal SAP EDI Health Edicomdata CRP EBI ei Payroll Portal B2B EDICOMNet edi logistics SAFT-PT Ticket Portal Avaluos business@mail EDI Manufacturers CT-e NFS-e TSD epayrolls factura electronica edi automotive customer support center comprobante de pago CAE e-billing DTE e-awb comprobantes fiscales electrónicos nfc-e eaccounting contabilidad electronica CFE comprobante fiscal electronico compliance eAWB retenciones electronicas xml-cargo peppol edicom air iata e-cargo IVA Cargo-XML EDICOMAir SUNAT Perú SEE Business Mail Payrolls recibos de sueldo EDI Auto b2g eprocurement datapool panama sii PCRDD SII AEAT NHS edi academy comercio exterior EDICOM LTA sat paperless mmog OFTP EDI Web colombia CFDI Nóminas DIAN México SAF-T VAT DESADV ASN Fatture B2B Costa Rica Complemento pagos Chorus Pro moda interoperabilidad Cancelación suministro inmediato de información european union digitalización emisión electrónica openpeppol global einvoicing factura electrónica ecuador automotive industry United States and Mexico edicom sii norway VAT compliance tax administration air freight sector UNCTAD aviso de expedición Advanced Shipped Notice Despatch Advice data synchronization peppol network peppol standards peppol european union chile tendencias interoperability interconexión SINTEL Brasil interoperabilidade foreign trade e-procurement trends digitization digital transformation SaaS edicomsii MMOG/LE latam global einvociing cybersecurity EDI financeiro white paper factura electrónica colombia fintech fashion eIDAS e-archiving ebimap SME EDICOMLta e-commerce EDI financiero russia fattura b2b B2B e-Invoicing GDPR RTIR FACe FACeB2B portugal blockchain ItalyNSO business@mailPharma vat compliance ar EDIHOSP EDICOMSignADoc

Follow us on

  • linkedin
  • rss