Treasury taps Link4 to automate e-invoicing process
The Department of the Treasury has contracted Australian e-invoicing provider Link4 to connect the department to the PEPPOL digital procurement network.
Through the agreement, Treasury will be able to receive invoices instantly from anyone sending via the PEPPOL network that will be paid within five business days.
Link4 CEO Robin Sands said the agreement shows that the Treasury sees the value of e-invoicing to support Australia's post-COVID economic recovery.
"We are thrilled to connect Treasury to the PEPPOL network. Many businesses are doing it tough right now, and helping to increase their cash flow will be well received," Sands said.
"Link4 is the first Access Point to allow TechnologyOne users to benefit from the PEPPOL network. The Department of the Treasury (a TechnologyOne user) will be live with e-invoicing in October 2020."
Sands said e-invoicing helps payers and payees alleviate the need for email and PDF, which helps automate the procure-to-pay process and allows for payments in real time. It is also more secure as PDF invoices are being intercepted and altered more frequently.
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