An Australian government promise to pay its suppliers faster has led to a collaboration between an e-invoicing startup from South Australia and the federal Treasury.
Based in Adelaide, invoice delivery service provider Link4 told InDaily it would connect Treasury with the Pan-European Public Procurement Online (PEPPOL) network, allowing the government department to instantly receive invoices from anyone sending them via the network.
Link4 co-founder and CTO Sam Hassan said the project, which kicked off this week and is expected to go live in October, would simplify the invoicing process by removing the need for suppliers to manually input data from emails and PDFs.
He said Australian federal government invoices were expected to be paid within five business days to help increase cashflow and assist businesses doing it tough during the economic downturn.
“This project started back in 2016, when the government was looking at ways to streamline the interaction with