Peppol eInvoicing in Australia
Australia adopted Peppol as the preferred eInvoicing standard in 2019, having seen the network’s success and continued uptake in the European Union, as well as its introduction into the Asia-Pacific region with the establishment of Singapore’s Peppol Authority in 2018.
Over the last few years, Australia has seen over $20 million budgeted to increase eInvoicing use across both the public and private sectors. This strong support has come from both the Federal Government and the country’s Peppol Authority, the Australian Tax Office (ATO).
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Join more than 33,000 Australian participants registered in the global Peppol directory with one of the world’s most established Peppol infrastructure providers! No matter your operational requirements, Tickstar, an Australian Government-approved Access Point provider will have you leveraging the network in just a few steps!
Benefits of Peppol eInvoicing with Tickstar
We have worked with Peppol since 2012, growing to be one of the world’s largest Peppol infrastructure providers.
With Peppol eInvoicing, just one connection allows you to efficiently and securely exchange eDocuments with verified local and international B2G and B2B partners. Tickstar handles setup and maintenance, while you enjoy the benefits.
Cost savings
According to estimates from the ATO, entities that employ eInvoicing can realise savings of up to 66%. This comes from the fact that it costs less than $10 to process an eInvoice, as opposed to around $28 for a PDF invoice sent through email. In addition, significant costs related to rectifying invoices that contain manual entry errors are eliminated.
Faster invoice payout
Peppol’s direct secure connection without middlemen allows for faster receival and even the automation of payments. Since 2020, Commonwealth Government agencies with contracts valued up to $1 million were required to pay eInvoices within five days or pay interest on late payments. This is in stark contrast to suppliers who have traditionally been required to wait a month or more for payment when using paper or PDF invoices.
Network security
User-friendly interface and advanced tools
Refined over 11 years by Tickstar’s Peppol pioneers, we offer expert tools that eclipse those offered by our competitors. This includes our Peppol Validator, Participant Lookup API and Service Metadata Publisher (SMP), designed to ensure you get the most out of your eInvoicing experience within your own applications!
Direct connection to ERP systems
If you’re a larger government agency or enterprise, Tickstar’s API connection allows Peppol to be built into your ERP systems. For software vendors, Peppol can be provided as part of your customised software packages to businesses around the world — opening another revenue stream with ease.
Peppol standard is the world standard
Peppol BIS Billing 3.0 is used by Australia (with the A-NZ extension), meaning that just one standard is needed to transact with any other Peppol participant around the world. What’s more, Tickstar handles ongoing updates and changing regulations, meaning you will always be compliant. As the network grows, so do the benefits for those already using Peppol.
Peppol eInvoicing in Australia
Australia is one of the largest economies in the world and a strong participant in the global economy. For that reason, modernising to keep up with international trading partners is a necessity.
In 2018, Australia and New Zealand signed a Trans-Tasman Electronic Invoicing Arrangement. In the words of the Australian Government, creating a common invoicing approach was to reduce costs, improve productivity, and allow government and industry to take part in the digital economic market.
In 2019, Australia and New Zealand both announced that they were adopting the Peppol framework for eInvoicing and establishing Peppol Authorities, joining Singapore in helping to grow the network in the Asia-Pacific.
eInvoicing in the public sector
Since then, Australia has steadily continued to encourage the use of eInvoicing. $3.6 million was allocated as part of the JobMaker Digital Business Plan in the 2020-21 budget to facilitate adoption across the public sector, and as of July 2022, all Commonwealth agencies were required to be able to receive eInvoices. State and local governments are following suit in accordance with state-based regulations.
eInvoicing in the private sector
In the 2021-22 Budget, as part of the Digital Economy Strategy, the Government invested a further $15.3 million to enhance the value of eInvoicing for businesses, with the aim of further improving awareness and adoption, while the 2022-23 Budget provided tax breaks for small businesses who incur spend from digitising their processes.
The current situation
According to an Australian Treasury assessment from 2021, 90% of businesses continued to fully or partly use manual processes when invoicing. While the situation has improved, we can still safely say that the majority of businesses, especially SMEs, are not taking full advantage of eInvoicing capabilities.
Currently, there are over 33,000 Australian entities registered in the global Peppol directory, with the B2B sector following in the footsteps of government agencies. In fact, over the 2022-23 financial year, Australia had the third largest growth (both in relative and absolute terms) of Peppol participants in the world.
As Peppol expands, Australian public and private sector businesses are poised to benefit, making good on the 2020 governmental estimates that predicted $28 billion saved over the next 10 years. You can join the early adopters today, partnering with Tickstar to get the most out this connect once, reach all network.