Invoice Processing

Continuing the push to adopt the Pan-European Public Procurement On-Line (PEPPOL) technology standard for e-invoicing in Australia, the Australian Taxation Office (ATO) has been formally established as the Australian PEPPOL authority.

SaaS e-invoicing solution provider Storecove, based in The Netherlands, has established its Asia-Pacific presence with the successful acquisition of Squirrel Street’s e-invoicing business. Initially based in Australia, the company plans to set up Singapore as its Asia-Pacific centre of operations.

Accounts payable fraud can impact any business, regardless of its size. The organisations that are most vulnerable are those without robust systems for verifying invoices against purchase orders and evidence of goods or services received. When controls on invoice approvals and payments are not consistently and rigorously enforced, this creates an opportunity for financial crime.

Mastercard has announced it is launching a new global trade platform on Azure in collaboration with Microsoft, Mastercard Track, that promises to streamline and automate the procure-to-pay process.

Managing the accounts payable department can be a challenging task. Companies are often tripped up by manual data entry errors, lost paper invoices, missing information and delayed approvals. Beyond wasting time and eroding efficiency, these stumbling blocks can also lead to financial loss – especially when gaps in poorly managed processes result in overpayments or facilitate fraud.

Over the past 35 years, Melbourne’s Snowdon Developments has grown from a family business building just a few homes in Melbourne’s Western Suburbs, to become one of Victoria’s key home builders, with over 100 staff and more than 1000 residential homes under construction across the state each year.

Two non-profit organisations have just released their findings on a brand new solution for business process automation created by Australian software development company Cypher IQ.

Software solutions provider Kiandra has collaborated with Western Australia’s (WA) Health Support Services (HSS) to successfully deliver a critical application replacement to enable the WA health system to process up to $100 million of invoices every year.

Organisations looking to implement EDI for the first time need to consider the challenges associated with this legacy approach to electronic trading. And those looking to upgrade should think twice before throwing good money after bad.

Spinal Life Australia, a registered National Disability Insurance Scheme (NDIS) provider, has implemented a capture solution from EzeScan to streamline the process of administering plan management and invoice payment for its clients.

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