Posted by Robin Sands on 30/05/2017
Link4 has announced the availability of its Digital Business Council-ready e-invoicing connectivity services. e-invoicing between small businesses has not been commonly available before, but now several small businesses are embracing change to experience the benefits for themselves.
Down The Rabbit Hole Wines are a South Australian winery. When their North Adelaide customer, The Cathedral Hotel, asked for invoices to be sent electronically, Down The Rabbit Hole Wines were keen to oblige.
“Once we connect to the digital network, there is no extra effort from our side to send our invoices out,” noted Domenic Palumbo, CEO of Down The Rabbit Hole Wines. “We were happy to support our customer in this way as it strengthens our relationship with them.”
Peter Strong, CEO Council of Small Business Australia and Chair Digital Business Council commented, “We are glad to see small business owners getting behind e-invoicing. We are looking forward to Australia becoming a world leader in this field as soon as possible.”
Suppliers have the confidence that their invoices are being delivered securely and instantly to their customers. Studies show that cash flow can improve with e-invoicing leaving fewer overdue invoices unpaid and ensuring small business owners are paid in a timely fashion.
Customers like the Cathedral Hotel are thrilled to reduce their data entry work. Whether using scanning apps or manual data entry, e-invoicing is faster and more accurate than how businesses have traditionally handled their invoices.
“It is so convenient,” states Michelle Stollznow, The Cathedral Hotel. “I can’t wait for all my suppliers to send their invoices this way.”
“It should be simple for small businesses to use e-invoicing,” says Robin Sands, CEO of Link4 Australia. ‘Business owners can try a Freemium version and be up and running within minutes. There is nothing to install.”
Several small businesses are now using Link4 as an Access Point to automate their Accounts receivable or Accounts payable processes. These include businesses that use Xero, MYOB, QuickBooks, Reckon, Sage and Saasu. Over 1 billion invoices are sent in Australia each year, and there is plenty of opportunity for savings to be had on every one of these transactions.
Later this year, the Digital Business Council will launch the Australian e-invoicing framework where businesses will have access to a range of cost-competitive and innovative solutions like Link4 to be able to exchange and process digitally compatible invoices and ultimately other documents within the procurement supply chain.