As part of the overarching Digital Business Plan, the Australian government has announced that the Commonwealth will mandate e-invoicing for all federal agencies by 1st July 2022.
The government knows that building digital capabilities can increase business resilience and create new growth opportunities on a local as well as a national scale. Modernising economic systems and financial tools through digitisation are proven drivers for boosting economic activity and efficiency.
The e-invoicing initiative, along with the technology that enables it, is one of the key parts of the government’s national digital transformation plan. The goal is to aid the economy’s recovery post-COVID by removing barriers and points of friction in business activity.
Download this comprehensive guide to learn about the government’s plans for transitioning to a digital economy and how both government agencies and the private sector stand to benefit.