Posted by Link4 Team on 27\/08\/2021<\/p>\n\n\n\n
Where are the key Cloud SMB Accounting solutions ?<\/p>\n\n\n\n
E-invoicing is gaining traction in Australia and New Zealand, so what stages are the big Cloud Accounting firms at? We dive into the current state of play of e-invoicing for six key Cloud Accounting platforms used by small businesses in Australia and New Zealand.<\/p>\n\n\n\n
(It should be noted that these are only small business Accounting providers. The parties they invoice, and are invoiced by, are likely to be larger entities running ERP systems, and for e-invoicing to work, both ends need to invest in making Peppol standards easy to use \u2013 Editor)<\/p>\n\n\n\n
Cloud Accounting companies are getting on board to make it easier for more to join the growing e-invoicing network.<\/p>\n\n\n\n
Xero<\/strong><\/p>\n\n\n\n Xero has shown its support for e-invoicing by buying Swedish e-invoicing provider Tickstar. They are currently going through the process of making it work within their normal process. Sending e-invoices has been enabled for customers, and the receiving of e-invoices is still being refined but should be ready for early adopters soon.<\/p>\n\n\n\n Xero has added an e-invoicing option to their invoice creation page. This puts the onus back on the business to know if their recipient is ready for e-invoicing or not. We expect this will change soon to offer a better user experience for their customers.<\/p>\n\n\n\n MYOB<\/strong><\/p>\n\n\n\n MYOB are being very cautious about e-invoicing. They know they need to be a part of it, but they haven\u2019t worked out what they want to do yet. They are hedging their bets and allowing three providers to operate from within their system.<\/p>\n\n\n\n MYOB AccountRight and Essentials users are shown a list of three e-invoicing providers and need to pick which one they want to work with. Once they\u2019ve signed up, MYOB users will be able to see a new \u2018send as e-invoice button\u2019 when they create an invoice.<\/p>\n\n\n\n QBO \u2013 QuickBooks Online<\/strong><\/p>\n\n\n\n You may have noticed some events and marketing by Intuit in recent times. They have taken the angle to help inform and educate the market about e-invoicing. Their parent company Intuit have two accredited e-invoicing access point providers within their app store to support e-invoicing in QBO.<\/p>\n\n\n\n Reckon<\/strong><\/p>\n\n\n\n Reckon has been a supporter of e-invoicing for some time and recommends one service provider to their users \u2013 and yes, that would be us here at Link4.<\/p>\n\n\n\n Saasu<\/strong><\/p>\n\n\n\n Saasu has a loyal customer base who advocate their solution to other business people. Several of their users have been doing e-invoicing for more than three years. Saasu provides the name of one supplier, Link4, on their e-invoicing add\u2013on page and this works well for their users.<\/p>\n\n\n\n Money Works<\/strong><\/p>\n\n\n\n MoneyWorks have done it the best that we\u2019ve seen so far. e-invoicing comes standard with its latest release.<\/p>\n\n\n\n They partnered with Link4 and embedded the e-invoicing service within their solution and making it easy for the end user. I am sure we will see more of this type of approach as users demand a better experience.<\/p>\n\n\n\n So where are we heading?<\/strong><\/p>\n\n\n\n When all of the software companies provide e-invoicing capabilities within their Accounting packages, will there be a need for specialist e-invoicing providers?<\/p>\n\n\n\n Consider the services provided by the Cloud Accounting systems as \u2018vanilla e-invoicing\u2019. That is, they will provide the basics and cover the needs of 40% of the market.<\/p>\n\n\n\n The niche e-invoicing providers are independent and will continue to develop their solutions based on end-user feedback. These providers will include things like approval processes (for sending and receiving invoices), reminders, invoice financing options, additional fields, other document types, etc.<\/p>\n\n\n\n These same independent providers are often providing a vanilla aspect of their services through Accounting solutions, but you can also get far more functionality to meet your business needs if you go direct.<\/p>\n\n\n\n No matter how you look at it, e-invoicing has benefits for every business. It is good to see the Cloud Accounting companies getting on board to make it easier for more to join the growing e-invoicing network.<\/p>\n\n\n\n Written by Robin Sands, CEO of Australian e-invoicing Access Point Link4.<\/p>\n\n\n\n About Link4<\/strong><\/p>\n\n\n\n Link4 is an award winning, Peppol certified Access Point that provides seamless e-invoicing services throughout Australia, New Zealand, Singapore and the UK.<\/p>\n","protected":false},"excerpt":{"rendered":" Posted by Link4 Team on 27\/08\/2021 Where are the key Cloud SMB Accounting solutions ? E-invoicing is gaining traction in Australia and New Zealand, so what stages are the big Cloud Accounting firms at? We dive into the current state…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":["post-6974","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"\n