News and updates

eInvoicing continues to be adopted across New Zealand with many businesses and the wider government sector progressively becoming enabled to send and receive eInvoices.

eInvoicing is the digital exchange of invoice information directly between buyers’ and suppliers’ financial systems, even if these systems are different. It improves accuracy and security, reduces processing time, and speeds up payments.

The Ministry of Business, Innovation & Employment (MBIE) recently commissioned research with Kantar Public. The findings show accountants and bookkeepers are the ‘go to’ for businesses who want to learn more about eInvoicing.

All organisations, regardless of size, are susceptible to invoice fraud. There are potentially devastating impacts to your bottom line, cash flow and reputation.

With 10,000 businesses across New Zealand registered to receive eInvoices and this number growing daily, eInvoicing is fast becoming the new norm.

With more and more large businesses ready to send eInvoices to their business customers, the benefits for small businesses on the receiving end are about to accelerate.

Information to support accountants and bookkeepers in getting started with eInvoicing.

Central Government agencies were tasked to be eInvoicing ‘receive’ capable this year and wider government are also encouraged to adopt the functionality.