Link4, an e-invoice delivery service provider will be responsible for connecting Treasury with the PEPPOL network (Pan-European Public Procurement Online). The deal will allow the department to receive invoices instantly from anybody sending them through the network.
According to IDM, cited by itmunch.com, in Australia, about 1 billion invoices are sent and received between businesses annually and only 10-15% of those bills are e-bills or e-invoices, the rest being printed on paper. The Council of Small Business Australia believes that e-invoicing is 60-80% more efficient in comparison to paper-based invoices.
Link4’s cloud-based platform has been designed and developed for a range of different vendors like MYOB, Reckon One, Saasu, Xero, QuickBooks and Sage One. The five-year-old startup has now commenced servicing SMEs across Australia, New Zealand, the UK and Singapore. It has also worked with BOC Australia BGW Group and several state government departments.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.