Posted by Link4 Team on 15/09/2020
The Department of the Treasury has selected leading Australian e-invoicing provider Link4 to connect them to the Peppol network.
E-invoicing is the ability to send and receive invoices instantly, without the need for email and PDFs, which helps automate the Procure-to-Pay process. As PDF invoices are being intercepted and altered more frequently, e-invoicing is a much safer way for invoices to be sent. Additionally, it is more efficient, better for the environment and in real-time.
In this instance, the Treasury will be able to receive invoices instantly from anyone sending via the Peppol network. These invoices will be paid within 5 business days. Therefore, any business (including SMEs) will increase its cash flow as they can receive payment the week the invoice is created.
“It is pleasing to see the Australian Government adopt e-invoicing as we know this helps Australia’s small businesses get paid faster,” noted Kate Carnell, Small Business Ombudsman. “We are also pleased that Treasury has chosen a smart Australian SME to do this work.”
Link4 was selected as they have a solid track record of successfully supplying e-invoicing services to Australian businesses since 2017.
“We are thrilled to connect the Treasury to the Peppol network,” noted Link4 CEO, Robin Sands. “Many businesses are facing tough times right now, and helping to increase their cash flow will be well-received.”
Link4 is an Access Point for TechnologyOne users to benefit from the Peppol network. The Treasury (a TechnologyOne user) will be live with e-invoicing in October 2020.”