eInvoicing in New Zealand refers to the electronic exchange of invoices between businesses, government agencies, and other organizations. It is a way of sending and receiving invoices in a digital format, which reduces manual processes, errors, and delays in the invoicing process.
In New Zealand, eInvoicing is facilitated by the Peppol (Pan-European Public Procurement On-Line) framework, which is a global standard for eInvoicing. Peppol allows businesses to exchange electronic documents, such as invoices, purchase orders, and payment remittance advice, with their trading partners through a secure and standardized network.
By using eInvoicing in New Zealand, businesses can improve their cash flow management, reduce costs associated with manual processing and printing, and enhance their overall efficiency. Additionally, eInvoicing helps to promote sustainability and reduce the environmental impact of paper-based invoicing.
The New Zealand government has implemented a mandatory eInvoicing requirement for all central government agencies from 1 July 2022. This requirement is expected to be extended to all other public sector organizations and private businesses in the future.
Join the digital revolution, contact us today to discover how Olympic's DX2 digital document solution supports eInvoicing and more broadly digital invoicing.
#olympicnz #digitalexchange #digitaltransformation #automateprocesses #digitalinvoicing #einvoicing
