- VALTATECH HAVE BEEN CERTIFIED BY THE AUSTRALIAN PEPPOL AUTHORITY, THE AUSTRALIAN TAXATION OFFICE, TO PROVIDE PEPPOL E-INVOICING SERVICES IN AUSTRALIA
- THE ACCREDITATION ENABLES VALTATECH TO BRING ITS SOURCE TO PAY EXPERTISE AND TECHNOLOGY SOLUTIONS TO MAKE PEPPOL E-INVOICING ACCESSIBLE TO ALL BUSINESSES
MELBOURNE – Monday 3rd May 2021 – Financial process automation experts, Valta Technology Group (Valtatech), have been accredited by the Australian Taxation Office (ATO) as a certified Peppol e-invoicing access point service provider across Australia. The accreditation combined with Valtatech’s source to pay automation expertise provides businesses across Australia with an affordable and accessible way to reap the benefits of e-invoicing.
Australia has adopted globally recognised standard Peppol as the national e-invoicing framework which can saves $28 billion over ten years to the economy. This standard enables anyone who is part of the network to easily and safely, exchange e-invoices and e-orders etc. with anyone on the network. There are already 200,000+ businesses across 34+ countries on the Peppol network and evolving. It is expected that 80% of Australian businesses will adopt Peppol e-invoicing by 2025.
Peppol e-invoicing works by sending invoices from the sender’s accounting system to the certified Peppol Access Point. The Access Point verifies the data on the invoice and then sends it on to the receivers certified Access Point who transmits the data into receiver’s accounting system. This means that data is shared almost instantly into the receiver’s system without any manual data entry or manipulation required. This helps businesses to overcome the current challenges of onboarding, high invoice processing cost and invoice fraud.
As part of the Digital Business Plan, the Australian government has announced that Peppol e-invoicing will be mandated for all commonwealth agencies by 1 July 2022 and these Peppol enabled government agencies will pay to the suppliers within 5 days if invoiced via Peppol. The Australian government has also consulted recently on options for mandatory adoption of Peppol e-invoicing by businesses. We expect it to be mandated for businesses during next 2-3 years.
Valtatech has already been providing a range of services like accounts payable automation, robotic process automation, Integration as a service, Transformation services, supplier onboarding and AI backed PDF e-invoicing solutions in the market and now pairing its newly launched Peppol e-invoice access point service with a range of these solutions to provide a cost effective and simple way for businesses of all sizes to reap the benefits of Peppol e-invoicing.
Jussi Karjalainen, Founder and Managing Partner of Valtatech, says: “We are delighted to have been awarded our accreditation as a Peppol e-invoicing access point service provider in Australia. Peppol e-invoicing provides businesses of all sizes across the country to enjoy the benefits of e-invoicing, driving real business value through automation and optimization of both the invoice and order processing operations. We look forward to help businesses across the country in adopting cost effective Peppol e-invoicing and to help software providers in becoming Peppol ready.”
About Valta Technology Group
Valta Technology Group is a Source to Pay advisory and Managed Services provider specialising in implementing and building value cases for its customer to achieve world class intelligent Process automation, source-to-pay and procure-to-pay processes. With offices in Melbourne, Australia and Manila, Philippines, Valtatech offers leading managed technology solutions, best practice advisory services assisting organisation across Asia Pacific to automate their finance and procurement functions.
Find out more about Valtatech’s Peppol e-invoicing capabilities.