The Department of Industry, Science, Energy and Resources goes live with e-invoicing
The Department of Industry, Science, Energy, and Resources (DISER) has successfully gone live with an e-invoicing solution implemented by Xcellerate IT, a leading provider of business process automation, and Link4, a certified access point provider for e-invoicing in Australia.
DISER can now receive inbound e-invoices from their suppliers through the PEPPOL network. From there, the e-invoices are onboarded into their Kofax accounts payable automation solution where any additional validation will occur before being exported to their TechnologyOne ERP system. This solution provides DISER with a single, multi-channel onboarding ramp for different invoice formats, from e-invoices through to paper-based invoices and email attachments.
E-invoicing is the ability to send and receive invoices instantly, without the need for email and PDFs, which helps automate the procure-to-pay process. As PDF invoices are being intercepted and altered more frequently, e-invoicing is a much safer way for invoices to be sent. Additionally, it is more efficient, better for the environment, and in real-time.
The Australian Taxation Office (ATO) is driving the e-invoicing initiative and mandating that Federal agencies encourage greater adoption amongst supply chains, helping lower the cost of doing business.
DISER has been able to leverage their existing Kofax accounts payable automation solution and extend the functionality to onboard e-invoices, providing a holistic view of all invoice types within the same platform and enabling DISER to receive invoices instantly from anyone sending via the PEPPOL network. E-invoices will be paid within 5 business days, so any business sending outbound e-invoices will improve their cash flow as they can receive payment the week the invoice is created.
“E-invoicing is a great win for all businesses and government agencies,” noted Robin Sands, CEO of Link4. “This is a very positive move by DISER and we hope it helps everyone consider their e-invoicing strategy, so they too can benefit from being part of the e-invoicing network.”
Xcellerate IT’s Managing Director, Howard Boretsky said that “we are proud to be supporting this ATO initiative and are excited to see DISER go live with our e-invoicing solution. Working with one vendor for their Total Invoice Management solution has given DISER the ability to process both their traditional PDF invoices and e-invoices in a single platform”.
About Xcellerate IT
With over 23 years of knowledge and experience in business process automation and driving digital workforce initiatives, Xcellerate IT is a leading Australian provider of document intelligence software powered by the Kofax automation platform. They provide innovative solutions, both on-premise and in the cloud, to transform and automate information-intensive business workflows across both back and front office operations.
For more information, please visit: www.xcellerateit.com.au