The financial processes we are all familiar with were originally designed around pushing paper.
For example – financial audits requiring a ‘paper trail’ of documents or mortgage application proof of income requiring a copy of the most recent tax return. As we move towards a fully digital world, and paper is no longer involved, the processes need to change with them.
We would like to share with you the recording of a webinar our CEO, Simon Foster, presented last week on “The Acceleration Migration from Paper to eInvoicing” on behalf of our partner Link4 Australia.
Simon told us about the international experience with eInvoicing, in particular Latin America where 8 countries have already mandated eInvoicing, including Brazil which has achieved 100% coverage!
While the Australian Government has taken some steps along this path, we can learn from the international example just how transformative eInvoicing can be.