EInvoicing – All our clients have this benefit from Xero platform
eInvoicing is a business and industry led development project, strongly supported by government, as a leap forward initiative to improve the efficiency of the economy.
Encompassing the digital agenda, eInvoicing sets the framework, creates the governance, enables the technical delivery of an electronic invoice from business to business and from business to government or visa versa. This is just today’s beginning of the eInvoicing agenda with the whole procure-to-pay cycle (quotes, orders, invoices, delivery, payment) to be evolved.
The Digital Business Council was formed as a collaborative environment of interested parties to progress the thinking required to bring the different parts of the Australian economy together, the aim being to jointly develop an agreed framework that enabled eInvoicing. As of 27th July, software companies, professional associations, industry associations, government and payment gateways have approved the framework.
The progression of the eInvoicing initiative has led to the formalisation of the Digital Business Council Limited. The initial business members are MYOB, Xero and Reckon.
Source: ICB Aug 16 Newsletter