The New Zealand Government is focusing on improving payment times for small businesses, and expanding the use of eInvoicing to Crown entities is part of that plan. Currently, 32 Central Government agencies are required to receive eInvoices from their suppliers, but the latest proposal from Hon. Minister Andrew Bayly could extend this requirement to 100 Crown entities, marking a significant shift in how government entities handle invoicing.
Simply put, eInvoicing is the direct exchange of invoices between invoicing software systems. For accounts payable teams, it means invoices land directly in your software without any manual input. For accounts receivable teams, it’s about moving away from PDF invoices and sending them directly from your software.
Over 22,000 New Zealand businesses and government entities are already using eInvoicing, including many that use MessageXchange’s service, such as Inland Revenue and the Ministry of Social Development.
Australia implemented a similar requirement in July 2022, demonstrating that eInvoicing mandates are not entirely novel. While the proposal to extend e-invoicing requirements to certain Crown entities is still being decided, it’s smart to get prepared now. You can beat the rush and start benefiting from eInvoicing ahead of any potential mandate.
Here’s how you can prepare and ensure you’re ready:
Once you’ve set up eInvoicing, the next step is to make the most of your investment by getting your customers and/or suppliers on board. This is where we offer services to help make this process as simple as possible.
If you’re ready to explore eInvoicing and see how to get ahead of the mandate, MessageXchange’s experts are here to help. Get in touch, and we’ll guide you through the process.
As Managing Director, John oversees strategy, operations and innovation of MessageXchange. He continuously monitors all industries to guarantee that MessageXchange continues to push the limits of technology and offers the most advanced technology to support our clients' growth.
John and the company have been involved in electronic invoicing, or eInvoicing, for over 20 years, and more recently has been involved in the launch and adoption of Peppol eInvoicing in Australia and New Zealand. MessageXchange is trusted by the Australian Peppol authority, the ATO, as well as New Zealand's Inland Revenue, Ministry of Social Development and more.
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