MBIE eInvoicing update – November 2023

In this eInvoicing update:

  • Xero/MYOB eInvoicing demonstration video
  • Research highlights the importance of bookkeepers in helping their clients with eInvoicing.
  • More eInvoicing ready software available
  • eInvoicing helps reduce invoice fraud risks
  • Check out the latest numbers of eInvoice volumes and businesses registered, in the September dashboard
  • Read about Xero, Waipā District Council and Woolworths’ eInvoicing stories
  • Influential New Zealand businesses are adopting eInvoicing
eInvoicing demonstration video

It was great to catch up with many of you at the recent Bookkeepers’ Conference in Auckland.

Many of you asked for the link to the Xero/MYOB demonstration video. So here it is. The video demonstrates how easy it is to register for eInvoicing through Xero or MYOB, and how an eInvoice is sent and received between these two systems.  Feel free to share this with your clients and encourage them to register today.

Research highlights the importance of bookkeepers in helping their clients with eInvoicing

Research conducted by Kantar Public shows that accountants and bookkeepers are the ‘go to’ for businesses who’ve heard about eInvoicing and want to know more.

More eInvoicing ready software available

There are now more than forty software products with eInvoicing capability available for businesses. This means most New Zealand businesses have access to eInvoicing capability and the benefits eInvoicing brings. Have you registered yourself and your clients for eInvoicing yet?

Check out the list here and register today.

Check out the latest numbers of eInvoice volumes and businesses registered, in the September dashboard.

Not only has the number of businesses registered to receive eInvoices exceeded 10,000, but the volumes of eInvoices sent through the eInvoicing network has also grown.

Remember you can check the list of organisations to see if you or your clients’ trading partners are registered. The list is updated every month and published on the eInvoicing website, along with our monthlye Invoicing dashboard.

eInvoicing report

New Zealand businesses registered to receive eInvoices [XLSX,]

eInvoicing helps reduce invoice fraud risks

All organisations, regardless of size, are susceptible to invoice fraud. There are potentially devastating impacts to your bottom line,cashflow and reputation.

So, it’s not surprising that security is one of the biggest drawcards of eInvoicing.

Find out why businesses should be concerned about invoice fraud and how eInvoicing can help

Read about Xero, Waipā District Council, and Woolworths’ eInvoicing stories

Seeing the benefits of eInvoicing for businesses, Xero was one of the first accounting software providers to offer eInvoicing capability to its customers. They are now using eInvoicing to streamline their own finance operations.

Xero, walking the talk by sending eInvoices to their own clients | eInvoicing

Change in any large organisation can be challenging, especially when it comes to technology. For Waipā District Council, with a goal to improve the efficiency of their systems and processes, implementing eInvoicing turned out to be a smooth process that is already delivering benefits.

eInvoicing implementation 101 with Waipā District Council | eInvoicing

With thousands of suppliers to pay each month, Woolworths group set out to enable faster payment to their suppliers. They also found significant efficiencies for their own operations since implementing eInvoicing.

Woolworths Group steps up for small business | eInvoicing

Leading New Zealandbusinesses are adopting eInvoicing

It’s great to see large businesses show their commitment to eInvoicing, which in turn supports small business. Many of New Zealand’s household names are already, or close to, being able to send eInvoices to their business customers.

And every six months representatives from some of New Zealand’s most influential organisations share their commitment and progress at the eInvoicing Adoption Leaders Group. Read the minutes of the most recent meeting to find out more.

eInvoicing Adoption Leaders Group Minutes – 8 May 2023 | eInvoicing