eInvoicing

eInvoicing With RapidAP: Powered By PEPPOL

Try our PEPPOL-enabled AP Automation System for smooth eInvoicing experience.

Why do you need eInvoicing: Powered by PEPPOL?

At Efficiency Leaders, we are committed to transforming the way businesses manage their financial processes. Our RapidAP product is designed to optimise accounts payable operations, and now, with the addition of PEPPOL eInvoicing as an add-on, we bring even greater efficiency and accuracy to your invoicing workflows. Not having a PEPPOL eInvoicing system can lead to inefficiencies, errors, and compliance issues.

It can take as long as 20 days to process an invoice due to inefficiencies

63% of companies experience invoice processing errors regularly.

Failure to comply can even lead to termination of government contracts.

PEPPOL (Pan-European Public Procurement Online) is a global network that enables the secure and efficient exchange of electronic documents, such as invoices, between businesses and government entities. It standardises the eInvoicing process, ensuring that invoices are sent and received in a format that is universally recognised and accepted. Originally developed as an EU standard, Peppol is now adopted globally, including in North America, Asia-Pacific, and Australia.

companies in the PEPPOL network

Key features of PEPPOL:

At Efficiency Leaders, we understand the importance of efficient and accurate financial processes. By adding PEPPOL eInvoicing to our RapidAP product, we provide a comprehensive solution that enhances your accounts payable operations. Our commitment to innovation and excellence ensures that you receive the most advanced and reliable eInvoicing solution available.

Standardisation

PEPPOL provides a unified format for eInvoices, eliminating the need for manual data entry and reducing errors associated with incompatible formats. This standardisation extends beyond invoicing, supporting electronic orders, order confirmations, goods catalogues, and shipping documents.

Efficiency

With PEPPOL, invoices are transmitted and processed faster, significantly reducing the time it takes to complete transactions. This leads to improved cash flow and more efficient financial management.

Environmental Impact

By reducing the need for paper, PEPPOL eInvoicing contributes to more sustainable business practices, helping to lower the environmental footprint.

Global Reach

PEPPOL is not limited to Australia, its used in Europe. Businesses in Canada, New Zealand, Singapore, and the United States, among others, use the standard, making it a long-awaited global solution for electronic transactions.

Security

PEPPOL’s secure network safeguards sensitive financial information, protecting it from fraud and unauthorised access. The network operates on a four-corner model, involving your company, your Access Point, the recipient’s Access Point, and the recipient’s company, ensuring secure document exchange.

Compliance

PEPPOL ensures compliance with local and international eInvoicing regulations, providing peace of mind and reducing the risk of non-compliance penalties. In the EU, all public sector institutions are required to receive PEPPOL invoices, simplifying cross-border trade within Europe.

Cost Savings

By automating the invoicing process, businesses can reduce costs associated with paper-based invoicing, such as printing, postage, and storage.

RapidAP with PEPPOL eInvoicing Add-On

Efficiency Leaders’ RapidAP product now includes the PEPPOL eInvoicing add-on, enhancing your accounts payable processes. Here’s how the add-on works:

Direct Ingestion

PEPPOL eInvoices are directly ingested into RapidAP, ensuring that all incoming invoices are immediately available for processing.

Automated Processing

The PEPPOL eInvoicing add-on automates the processing of eInvoices, from data extraction to approval workflows and payment authorisation.

Real-Time Visibility

Gain real-time visibility into your invoicing processes with RapidAP’s intuitive dashboard, allowing you to monitor the status of eInvoices and ensure timely payments.

Enhanced Accuracy

The integration of PEPPOL with RapidAP minimises manual data entry, reducing errors and ensuring that invoice data is accurate and reliable.

Improve Compliance

RapidAP’s PEPPOL add-on ensures that your invoicing processes comply with regulatory requirements, providing you with confidence and security in your financial operations.

Book a Demo

We’re here to guide you toward streamlined operations and better outcomes. Take your first step toward transforming how you manage your procure-to-pay processes and book a free, no-obligation demo today.

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