What is e-invoicing and what does it mean for you?
Smart Australian businesses are moving on from the hassle of paper-based and PDF invoices, which rely upon email, printouts and even snail mail for delivery.
e-invoicing software has arrived, bringing with it an array of benefits for busy businesses, and ensuring invoicing is a more efficient, accurate and secure than ever before.
What is e-Invoicing?
It is important to clarify that sending a PDF invoice via email is not e-invoicing. E-invoicing, or electronic invoicing, is the latest automated technology, where the supplier’s invoice lands right in the purchaser’s accounting system. This automation removes much of the time, room for error and expense that Australian businesses face chasing and fixing invoicing issues.
The very essence of e-invoicing, and the specialised e-invoicing software, is that it saves your business precious time and money – allowing you to focus on doing business!
Like anything new in the world of technology, some businesses have recognised its benefits immediately and jumped in early, others are sitting on the sidelines to see what happens with the technology, and the rest either don’t understand e-invoicing or are resisting making the change.
In the case of e-invoicing it makes no sense to wait or resist, the positives are overwhelming! E-invoicing ensures the invoicing process is efficient, accurate and secure for both the purchaser and supplier.
For the purchaser, invoices no longer need to be manually entered or scanned into their accounting system. This reduces process-related time wastage, the potential for human error, and the associated financial costs. It also means payment is automatically scheduled and invoices no longer get “lost in the system”.
For the supplier, there is assurance that the purchaser has received the invoice and that the invoice has entered their system which, in turn, adds certainty and time savings to when they get paid.
For both, e-invoicing is more reliable and secure than invoices that are sent by email (or in the post!). In addition, e-invoicing bolsters cash-flow through the simple fact that invoices are paid more quickly.
In some cases, accounting software providers are offering e-invoicing as part of their service. However, within their system e-invoicing is only available when invoicing to other businesses that use the same accounting platform, i.e. Xero speaks to Xero, MYOB speaks to MYOB.
That’s where LUCA Plus comes in:
LUCA Plus: your e-Invoicing solution provider
Australian-based LUCA Plus e-invoicing platform, enables users to automatically populate invoices directly into their customers and suppliers accounting platform (i.e XERO, MYOB, QuickBooks).
LUCA Plus also supports SME’s who only need to issue e-invoices and manage their billings, with no need to invest in further expenses ( try our Solo Plan $10 p/m with 30 days free trial period).
LUCA Plus is endorsed by the Australian Taxation Office (ATO) and offers the security and convenience of the internationally validated Peppol system, meaning the risk of fake or otherwise compromised invoices in considerably reduced.
Managing your e-Invoices through LUCA Plus cuts financial stress, easing cash-flow, helping avoid invoice fraud and saving your business precious time and money.
To see how you can implement LUCA Plus as your e-unvoicing solution, request a demo below:
In the interim, please watch our introductory video on LUCA Plus capabilities: