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ATO Notes Benefits of eInvoicing for Businesses

18 August 2023

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Approved Changes

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Australia

The Australian Taxation Office (ATO) has issued a release on the benefits of eInvoicing for businesses. --- eInvoicing – making things better for businesses As businesses look for ways to combat rising costs, streamline business processes, tackle cyber security, and minimise their carbon footprint, many are turning to eInvoicing. We recently interviewed Supermarket retailer Woolworths about their eInvoicing experience and how eInvoicing benefits them and their trading partners. The interview reveals how eInvoicing has helped Woolworths to achieve greater automation and efficiency and speed up supplier payments. 'We identified the value proposition pretty early,' says Rob Fellowes, Woolworths' Finance Shared...