Invoice Processing

Leading Australian explosives maker Orica is now well into the third release of a massive SAP transformation known as the 4S Program which will consolidate its global operations onto a single platform. Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying construction, and oil and gas markets.

Every day I speak with organisations who are keen to learn more about Peppol e-invoicing.  More often than not their initial interest is being driven by a desire to connect to Peppol to receive e-invoices from their suppliers. 

Esker has announced the launch of a Cash Application solution that enables businesses to increase the efficiency and automation of the cash application process of matching open invoices to payments received.

Link4 has a new offering called InvoiceExpress to allow business to send their invoice instantly and get paid faster, without using a cloud accounting system.

Australian freight forwarder and global logistics business, Seaway has selected the London based logistics software solution Shipamax to automate data capture for its Bill of Lading and AP Invoice document types.  

The July 1, 2022 e-invoicing mandate announced by the Commonwealth Government will not force Australian businesses supplying to government to replace their existing financial systems and processes from that date. The Government will instead adopt a steady as she goes approach to the Peppol e-invoicing transition.

The Prime Minister and Treasurer have announced a $A3.6 million push to make electronic invoicing mandatory for all Commonwealth agencies by July 1, 2022. They also plan to consult on options for mandatory adoption of e-invoicing by businesses.

Solution provider Xcellerate IT has partnered with Link4, an e-invoice Access Point provider, to offer a solution that enables customers to accept inbound e-invoices into Kofax, where additional validation can occur before being exported to an ERP system.

Basware has launched SmartPDF AI, an evolution of its SmartPDF service to automate the conversion of machine-readable PDFs to e-invoices. It replaces optical character recognition (OCR) technology that relies on capturing data from images by using data automatically extracted from historical invoices via machine learning.

The New South Wales Department of Customer Service (NSW DCS) has implemented an e-invoicing solution to  automate the procure-to-pay process for more than 41,000 invoices processed annually by its shared services centre, although it will continue to allow suppliers to send paper/PDF invoices.