Similar to bee invoicing1/25/2024 ![]() Be legally enforceable, with monitoring, compliance and enforcement mechanisms administered by a Federal Government regulatory body.Under the proposal being consulted on by the Treasury the BER would: To kick start the network effect required to drive adoption, the Government is now looking to further expand the Peppol eInvoicing mandate by giving businesses that are enabled to receive Peppol eInvoices the right to require their trading partners to send them a Peppol eInvoice, known as the Business eInvoicing Right (BER). And to date only 10,000 out of an estimated 2.4 million Australian businesses are Peppol enabled. To this end, it is estimated that Australian businesses exchange more than 1.2 billion invoices a year and about 90 per cent of invoice processing is still fully or partly manual. State Governments, particularly in NSW and Victoria, are also becoming Peppol enabled, with NSW agencies needing to comply with its Peppol mandate from 1 January 2022.Īccording to the Treasury consultation paper released by the Digital Economy Minister, Senator Jane Hume, the Federal Government has identified that getting volume into the Peppol network is critical for giving businesses certainty to invest in the technology and process changes needed to become Peppol eInvoicing enabled and to realise the many benefits available. It is already mandatory for all Commonwealth Government agencies to be Peppol enabled by 1 July 2022 and for Commonwealth agencies, in many circumstances, to pay suppliers who issue e-invoices over Peppol in 5 days. Doing so will unlock productivity savings in the order of $2.8bn pa across the economy. The introduction of Peppol is intended to remove the need for suppliers to connect to different “closed-loop” EDI systems and do away with traditional paper and PDF invoicing. Much like a mobile telephone network, the idea is to connect your systems once to Peppol and be fully interoperable with every other participant on the network. The Australian and New Zealand Governments have recently adopted the international electronic invoicing (or e-invoicing) standard, known as Peppol, which allows suppliers and purchasers to send and receive invoices over a common network. However, an implementation period of 18 months for large businesses in particular will not leave much time for projects to be completed and so early planning is recommended. It also presents businesses with opportunities to digitise and strengthen O2C and P2P processes and controls and align these with broader ESG objectives. The BER will effectively make it mandatory for all businesses to be Peppol enabled by July 2025 and will require technology to be implemented. The BER follows on from the Federal Government's mandate to adopt Peppol eInvoicing for its procurement by July 2022 and several State Government Peppol implementations and is being proposed to give certainty to the market that there will be the required trading volumes needed to unlock the benefits of eInvoicing across the economy. Large businesses will need to be enabled to comply with the BER by July 2023, medium businesses by July 2024 and small businesses by July 2025 under the Government’s proposal. The Federal Government last week announced its intention to introduce a “Business eInvoicing Right” (BER), requiring all businesses in Australia to comply with any request made by an eInvoicing enabled trading partner to send eInvoices over the Peppol network.
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