Automation through e-invoicing
Automation through e-invoicing is the fastest growing trend for invoice processing and is commonplace in many EU countries, with the UK playing catch up. E-invoicing enables businesses and organisations to receive data in a compliant format, saving valuable time on manual processing, verification and error handling.
The NHS, local government and many other UK business are moving towards E-invoicing or EDI. The Department of Health’s e-procurement strategy for the NHS was published in 2014, which resulted in an e-commerce mandate, affecting UK businesses providing services to NHS Trusts.
This meant that businesses wanting to supply to the NHS, must now be working towards utilising PEPPOL (Pan-European Public Procurement Online), an EU initiative to standardise messages and data through a single network.
What is PEPPOL?
PEPPOL provides an access point which allows various systems to send electronic data or messages in a standardised manner. This could be related to any type of e-procurement e.g. electronic invoices, purchase orders, credit notes or advice notes.
What is EDI?
EDI, also known as electronic data interchange, is the exchange of data from one system to another. It allows companies to send invoice data in place of paper documents for processing, with no human intervention. EDI strips the need for manual processing tasks, such as:-
- Manual data entry
- Invoice matching
- Error handling
How Can I Access PEPPOL?
Businesses can connect with PEPPOL using any authorised access point. Cleardata can provide businesses with an access point, using Pagero online. Pagero’s e-order and e-invoice services are independent of ERP system, industry and transaction volume and suit all types of businesses.
Cleardata’s e-invoicing service provides organisations with one solution, to handle paper, electronic and emailed pdfs. Invoices can be sent direct to suppliers for approval with no barriers or payment delays. Watch our e-invoicing video below:-
For further information about Cleardata’s E-Invoicing Services, contact 0800 046 8081.