BOC Gas ink multi-year e-Invoicing deal with Link4
BOC Gas is the first large enterprise business to join the Australian e-Invoicing network. The multi-year deal with Adelaide based Access Point provider Link4, allows BOC to send and receive invoices in line with Peppol standards.
The Australian government recognises that e-Invoicing does help small and medium businesses build their digital capacity and thrive. But it will fall short if big business avoids it’s adoption.
The 2021 Federal Budget set aside $15.3 million for promoting e-Invoicing through Australia’s business community to help get more of corporate Australia onto the e-Invoicing network.
“Research shows that Australian businesses will free up cash flow with e-Invoicing, injecting as much as $3B into the economy each year and creating new jobs,” noted Link4 CEO, Robin Sands. “We are very happy to see the business community stepping up and look forward to more organisations following BOC’s lead.”
Thousands of small businesses in Australia already deliver their invoice data without the need for email or PDFs, but large organisations have been slow to adopt this new service.
“We’re very happy that BOC has benefited from e-Invoicing as an enterprise organisation. In a time where on-time payments are crucial for business survival, it is important to use the latest technology to achieve those goals.” Says Sam Hassan, CTO of Link4.
BOC send over 2 million invoices a year and have been working with Link4 since 2018. “BOC wants their small business customers to experience the benefits of e-Invoicing, which is why they are putting themselves forward as leaders in this area,” stated Hassan.
e-Invoicing is a service that any large organisation can implement without changing its current cloud-enabled ERP system.
To date, BOC has seen a 50% improvement in on-time payments with e-Invoicing, and an improved customer satisfaction rating.