Australia and New Zealand announced that they were both adopting the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for eInvoicing.
eInvoicing could save the Australian economy $28 billion over 10 years.
The PEPPOL standard, which is governed by the international standards body, OpenPEPPO, allows businesses to easily exchange invoices electronically, eliminating the need for unnecessary data entry and inaccurate optical character recognition (OCR) scanning.
Source: pymnts.com
