On 22 February 2019, Australian Prime Minister Scott Morrison and New Zealand Prime Minister Jacinda Ardern announced that the newly-established Australia New Zealand Electronic Invoicing Board (ANZEIB) intends to adopt the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for e-invoicing. The Australian and New Zealand governments intend to finalise their membership of PEPPOL, and associated terms and conditions, by mid-2019.
Adoption of the PEPPOL framework offers several benefits to businesses operating in the region. In addition to the traditional benefits associated with electronic invoicing – such as reduced operating costs and cycle times, as well as improving transparency and accountability – digital businesses will have the advantage of being early adopters in the competitive landscape of public procurement landscape.
More broadly in the Asia-Pacific region, the Government of Singapore has also announced that they are seeking to adopt the PEPPOL framework – and its implementation is being closely followed by other governments in the region. As one of Australia’s largest trading partners, should both the Australian / New Zealand governments and the Government of Singapore choose to adopt the PEPPOL framework, businesses could have access to the local company directory in each country through a connection to a single interface.
“Going digital doesn’t need to be hard or require heavy investment,” explains Bertrand Gauch, regional Account Director at Pagero. “Demand for digital solutions has grown rapidly in Australia as businesses connected to open networks such as Pagero have started to demonstrate significant benefits, such as reduced cycle times and greater transparency and accountability.”
“The PEPPOL infrastructure has been hugely successful for governments in Europe”, outlines Nazar Paradivskyy, VP Compliance and Interoperability at Pagero. “As one of the first PEPPOL access points in Europe, and due to our active involvement with the developments in Singapore, we are working closely with many businesses operating within the Asia-Pacific so that they, too, can take advantage of the new technologies available, to enable them to remain competitive in the changing digital landscape.”
Read our previous news about Australian e-invoicing
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