Time-Sensitive Information For Accounting Professionals Who Want to Know
The Latest, Accurate
Information On E-Invoicing
So You Can Help Your Clients Keep Up
With This Imminent Digital Transformation
or
E-Invoicing Has Arrived In Australia
And It Is Rapidly Changing The AP/AR Landscape Process
E-invoicing has finally arrived in Australia. This means businesses of all sizes are now able to:
- Send and receive electronic invoices, known as “e-invoices”
- Spend less time dealing with traditional invoicing concerns (data entry errors, high wage costs)
- Rely less on paper and PDF invoices
- Get paid much faster
The Australian Government Will Pay E-Invoices In 5 Days *
The Australian Government are on board saying, “we are working with the software industry to use the Pan-European Public Procurement On-Line (PEPPOL) standard which is internationally established.” To sweeten the deal, e-invoices issued to the Government will be paid within 5 days (and if they’re late, they’ll pay interest). This is your opportunity to leverage this unique situation and demonstrate industry leadership.
* The New Zealand Government is on board too. They will pay E-invoices in 10 days (from 1 July 2020).
E-Invoicing Is NOT
The Use Of PDF Invoices
E-invoicing is an automated direct exchange of invoices between accounting software systems, removing the need for manual invoice creation and paper and PDF invoices.
Which Of These Questions
Do You Have About E-Invoicing?
Like many Accountants have you heard about e-invoicing but don’t yet know how to connect to the system or send e-invoices yourself?
Are your clients starting to ask questions about e-invoicing that you don’t have immediate answers for (or where to find the best information without spending hours searching online)?
Are you keen to be proactive and help your clients use e-invoicing to increase efficiency, save time, and improve cash flow?
Like most Accountants, do you realise the crucial role you play in helping your client stay up to date with the latest digital disruption and how it can benefit them?
- No more time-consuming double-data entry
- No more costly human input errors
- No more missing PDF, email and print invoices
- No more payment delays and receipt discrepancies
- You can better handle your business’ growing pains
Are You The Leader Of An Accounting Firm?
Register For A FREE 12-Month Trial Of Promis So You And Your Clients
Can Experience E-Invoicing For Yourself
As a Promis Partner you can trial Promis for 12 months, where you’ll send and receive E-invoices to and from your clients and suppliers, at zero cost.
This is an opportunity for your clients to experience the benefits of e-invoicing, whilst upgrading your internal invoicing processes.
Your Promis Partner trial is unrestricted and you’ll receive our world-class support and service every step of the way. To apply for your complimentary 12 month trial of Promis, simply click here to register your details
E-Invoicing: What Is It and Why Use It?
E-invoicing is an automated direct exchange of invoices between accounting software systems, removing the need for manual invoice creation and paper and PDF invoices.
The uptake of e-invoicing by businesses and governments around the world is changing the entire Accounts Payable / Receivable process. According to a recent report by Billentis, e-invoicing has been adopted in the following countries: E-invoicing is growing in popularity with SMEs:
E-invoicing is growing in popularity with SMEs:
The Australian Government supports the adoption of this technology saying, “we are working with the software industry to use the Pan-European Public Procurement On-Line (PEPPOL) standard which is internationally established.”
And it’s no wonder. Because e-invoicing provides many benefits including:
- Significantly reduces the cost compared with manual data entry
- Removes possibility of introduced errors
- Eliminates translation mistakes between software systems
- Reduces payment mistakes and delays
- Eliminates lost invoices and delivery discrepancies
- Maximises transparency and accessibility of invoices
- Provides ultimate security with end to end encryption (utilising Ozedi as the authorised access point)
- Automates GST checks to ensure tax is correct on invoices and payments
- And guarantees 5-day payment on government accounts
or
The Case Against E-Invoicing
(And The Answer For You And Your Clients)
While the adoption of e invoicing is largely positive (and inevitable), it can be challenging for many Accountants and their clients to get started. The first phone calls, the first faxes, and the first emails were all sent with uncertainty. Yet they now bind us all together. E-invoicing is no different. Innovative Accountants like you have an exciting opportunity to fly the flag for this new technology.
How does Promis work? Promis works as a ‘data bridge’ that enables businesses to send and receive e-invoices within your accounting system, without having to worry about any of the technology.
Unlike other e-invoicing services that charge based on the volume of invoices, Promis’ simple, flat fee makes e-invoicing affordable – no matter how many invoices you send and receive. As a user of Xero, MYOB or QuickBooks, your annual investment in Promis is only $240 plus GST.
While other programs merely help digitise basic paperwork, Promis enables you to create, send and track e-invoices directly between accounting platforms, using raw data for total accuracy and security.
Promis Creates These Benefits For
Business Leaders
- Secure customer loyalty as you embrace new technology
- Continue to lead your industry or vertical
- Your users do less data entry as their supplier invoices are being delivered electronically
- Add a lucrative income stream to your offerings
Promis Creates These Benefits
For Developers And Tech Leads
- Focus on what you do best, instead of having to invest thousands of hours implementing the PEPPOL framework
- Work closely with an experienced accounting tech firm who understand compliance and other realities of developing for the accounting industry
How Does Promis Work?
Promis is the ‘data bridge’ that enables businesses to use the Trans-Tasman e-invoicing network to send and receive e-invoices in your accounting system, without having to worry about any of the technology.
Promis doesn’t just automate one or two parts of your accounting process – it creates a full, mobile or desktop environment in which invoice receipt, supplier and line data storage, and payment queuing all occur automatically, so that you can focus on what’s really important to you.
Promis is a powerful platform. Yet the customer interface is as simple to use as your mobile phone. It’s just 3 simple steps:
Step One: Planning
Planning your move into e-invoicing is as important as any technical implementation procedure. The Promis planning process is designed to ensure you and your users get the best experience from e-invoicing. During our planning process, we’ll discuss the following with you:
- Your unique business case, and the potential commercial value you’ll receive by adopting e-invoicing
- The ‘moving parts’ you need to be aware of, so there are no strategic or tactical surprises when you pivot into e-invoicing
- The user experience you must create to provide a valuable experience to your users
- A comparison between different implementation options
- And more, customised to your situation and questions
Step Two: Implementation - Your Two Options
-
We Provide a Customised Connector to Your Platform
We can build an integration to meet your system’s unique data format,
or... -
You Build an Integration to our Simple REST API
We offer an API that is easy to connect to (much easier than PEPPOL itself).
Step Three: Success
As soon as your implementation is complete, your users can send and receive E-invoices simply and easily. And you are able to reap the benefits of PEPPOL and the e-invoicing system, without investing thousands of hours in development time.
Are Your Suppliers Slow To Adopt E-Invoicing?
Promis works with almost every accounting platform – including custom platforms or software not yet connected to the PEPPOL e-invoicing system.
If your suppliers aren’t on board yet, don’t worry… we’ll activate e-invoicing for them, too.
There is a simple process to onboard your suppliers, especially the ones using the small business accounting platforms.
You’ll Gain Many More Benefits
From Sending E-Invoices, Too
Using Promis, your business will build better goodwill with your clients… By delivering e-invoices to anyone who can receive them, you’ll stand out as a modern supplier, who has your clients’ best interest at heart.
Promis is designed to receive AND send e-invoices. This two-way system opens the doors to greater efficiencies for many businesses like yours. The benefits of sending e-invoices with Promis are:
-
Better Relationships With Your Clients
You’ll get improved relationships with your clients, by reducing their admin costs -
You’ll Get Paid Faster
Many businesses are prioritising the payment of E-invoices, which means you’ll get paid faster -
You’ll Save Time (And Therefore Money)
Sending e-invoices with Promis does not require any changes in your processes. It saves your accounting team’s
time... freeing them up for higher value work -
Less Human Errors
You’ll reduce the risk of human errors that can result in problems later -
Fast Setup
Set up is fast and easy - Using Promis, you’ll be sending e-invoices in minutes from platforms like Xero,
MYOB, and we customise connections to more sophisticated ERP systems.
The Australian Government Will Pay E-Invoices In 5 Days *
The Australian Government are on board saying, “we are working with the software industry to use the Pan-European Public Procurement On-Line (PEPPOL) standard which is internationally established.” To sweeten the deal, e-invoices issued to the Government will be paid within 5 days (and if they’re late, they’ll pay interest). This is your opportunity to leverage this unique situation and demonstrate industry leadership.
* The New Zealand Government is on board too. They will pay E-invoices in 10 days (from 1 July 2020).
or
Take A Look At A Promis Case Study
Aidacare, one of Australia’s largest Healthcare Equipment and Service providers, operates from 23 locations and 50 distribution partner locations. Aidacare currently sends approximately 150,000 to 200,000 invoices per annum, so process improvement in this space was a key goal for the organisation.
One of Aidacare’s major customers, a large Aged-Care provider, asked them to start sending their invoices in a structured data format rather than a PDF.
Problems had arisen due to the customers AP Automation which couldn’t read all the data on the PDF’s requiring human intervention, slowing things down and creating additional manual tasks. e-Invoicing removes the need for intervention in cases like this, thereby increasing efficiencies and turnaround times for payment.
In collaboration with the authorised access point Ozedi and Aidacare’s accounts payable solution Basware, we have provided an elegant solution built right into Aidacare’s ERP.
As of 13 August 2019, the very first Trans-Tasman four-corner model for e-Invoicing has been live in production and Aidacare has been sending e-Invoices to the first of their major customers.
This is a significant improvement for Aidacare and a milestone for the e-Invoicing project in Australia. It is one giant leap towards a future-focused e-Business world. Aidacare has helped to roll out e-Invoicing and are supporting all their customers who are interested in increasing productivity and gaining critical business efficiencies.
Take A Look At A Promis Case Study
Aidacare, one of Australia’s largest Healthcare Equipment and Service providers, operates from 23 locations and 50 distribution partner locations. Aidacare currently sends approximately 150,000 to 200,000 invoices per annum, so process improvement in this space was a key goal for the organisation.
One of Aidacare’s major customers, a large Aged-Care provider, asked them to start sending their invoices in a structured data format rather than a PDF.
Problems had arisen due to the customers AP Automation which couldn’t read all the data on the PDF’s requiring human intervention, slowing things down and creating additional manual tasks. E-invoicing removes the need for intervention in cases like this, thereby increasing efficiencies and turnaround times for payment.
In collaboration with the authorised access point, Ozedi, and Aidacare’s accounts payable solution, Basware, we have provided an elegant solution built right into Aidacare’s ERP.
As of 13 August 2019, the very first Trans-Tasman four-corner model for e-invoicing has been live in production and Aidacare has been sending e-invoices to the first of their major customers.
This is a significant improvement for Aidacare and a milestone for the e-invoicing project in Australia. It is one giant leap towards a future-focused e-business world. Aidacare has helped to roll out e-invoicing and are supporting all their customers who are interested in increasing productivity and gaining critical business efficiencies.
Who’s Behind Promis?
Promis was born from the power of automation. Why should you manually process invoices when you don’t have to?
Invoicing data exists digitally in the supplier accounting system, and it needs to end up digitally in the client accounting system. Why waste time interpreting pdf documents? And why should Accounting Software Suppliers be asked to learn PEPPOL individually? Promis leverages technology and automation to save you money, time, and headaches.
The Promis platform was passionately created by a team of accounting tech developers and entrepreneurs with 40 years of combined experience in the online accounting space.
Lead by visionary Alexander Kohl, the Promis team has significant experience across multiple tech platforms, including an accounting platform conversion service with over 100,000 conversions already completed.
Alexander and his team are already receiving praise for their work in simplifying e-invoicing for Accounting System Providers and businesses.
Meet Some Of Our Passionate Team Members:
Alexander Kohl
Wendy Elms
Wendy is our Marketing Director. Wendy makes sure every accounting platform knows how Promis can help them.
Cameron Lawrence
Kathy Kleidon
Kathy is our Data Wrangler. Kathy takes the most complicated data formats and converts them into PEPPOL compliant documents.
Neil Rogers
Neil is our Lead Developer. Neil fine-tunes our code so that it is a pleasure for other developers to work with the Promis API.
Fabio Gagno
Promis Has Processed 41,000+ E-Invoices So Far
And We’re Just Getting Started
The Promis engine has already processed over 41,000 E-invoices while running in beta, totalling $33 Million in value. Here are some more facts about Promis:
- The development team behind Promis spent 25,000+ hours developing the system (so you don’t have to)
- Promis was established in 2015 and has grown into a team of 6 accountants and developers
- We’ve always had a single goal in focus: How can we eliminate unnecessary data entry and replace it with smart automation.
Comments From Our Clients
Here’s what some of our clients say about their experience with Promis and the time
and money we’ve helped them save …
Streamline Processes
The rest of our business runs really smoothly but the accounting side was quite clunky and a nightmare to be frank. Promis has made all the difference. Now we can go to our customers and help streamline their processes too.
Jay Davidson, On the Spot
Saves Time
Promis really saves us time with our invoices and we have less handling
of paperwork. It just makes that side of the business more efficient.
Cara Madden, Good Bean Franchise Group
Save Time
This technology delivers valuable time savings for business.
Improve the Bottom Line
This app keeps me organised financially when that’s not my forte. I can’t stress enough how that impacts my bottom line for the better. I recommend this app for every business owner to do bookwork even faster and more efficiently.
Phil McGregor, Ads Academy
Want the Latest, Accurate Information
on E-Invoicing?
The team at Promis recently held a Webinar to help Accountants and their clients transition to e-invoicing. Watch it now and discover:
- How e-invoicing works (a plain English explanation of the technology)
- Critical lessons from e-invoicing in Europe (where this technology was developed and first utilised)
- What the Australian and New Zealand Governments’ adoption of PEPPOL means to you and your clients
- How e-invoicing will impact your clients with government contracts
- The fastest, simplest way to get started with e-invoicing
Register for the free
E-invoicing webinar for accounting professionals
Register for the 9 June webinar to get your e-invoicing questions answered:
- What does it mean for Accountants & Bookkeepers?
- Do I want to get into it now?
- Does this mean accounting professionals become obsolete?
- Is this the start of robo-accounting?
- And any other questions you may have.
