Posted by Link4 Team on 30/11/2021
Aussie-led Access Point provider, Link4 has landed more government contracts following an increase in e-invoicing adoption among Government Agencies in recent months.
“It’s great to see so many new Government Departments adopt e-invoicing,” says Link4 CEO Robin Sands. “E-invoicing is not just a tick-box exercise, the sooner we build the network, the sooner the economy will see advantages such as increased business efficiency, digital security and cash-flow benefits.”
The latest government agencies to join the Peppol e-invoicing network through Link4 include NOPSEMA, the Regional Investment Corporation (RIC), the Commonwealth Director of Public Prosecutions (CDPP) and the Office of the Commonwealth Ombudsman. “All departments were keen to be part of the Peppol e-invoicing network to help support the growth of the Australian economy following a rough 18 months with the pandemic”, says Sands.
In May 2021, the ATO announced $15.3 million towards the promotion of e-invoicing, and the introduction of an e-invoicing mandate meant that the government sector was going to lead the way in transforming digital payment processes among Australian businesses.
Suppliers that have contracts with the Government under $1 million are able to receive payment within 5 days if connected to the Peppol e-invoicing network. Not only are payment times greatly improved through the adoption of e-invoicing, but businesses can improve their overall business efficiency and invoice security.
More than 40 Australian Government agencies are now live with e-invoicing. The up-to-date list can be found on the ATO website.