PEPPOL is the abbreviation of Pan-European Public Procurement OnLine. This keyword has been trending on the net for the past two years because of good reason.
E-invoices have been helping many businesses in various industries to improve their effectiveness in interacting with their partners or other entities. But the problem is that their systems are different so that administrative issues often occur.
Different software and solutions that these businesses use can help and break them because there is no significant standard that can remove the barriers of language. What we meant by “language” here is the language in the e-procurement software.
Here is where PEPPOL international standard model comes to overcome the common matters. The existence of this set of specifications has made it easier for the global trading participants in exchanging e-business documents across borders.
It is also to provide opportunistic access to small to mid-sized enterprises to join with global trading.
We know that the problem with small to mid-sized businesses is that they do not have branches across the border, which makes it harder to compete with their local competitors. The borders always limit them to expand and upgrade the values of their company. PEPPOL aims to open the doors for particular enterprises and groups to get access to the public tenders. It is now possible that the SMEs partner with the other companies in other countries without any documentation hassles.
What is Peppol?
So, what is peppol go? Peppol is an international standardised framework that consists of a set of specifications required for the members to unlock the cross-border e-documents exchange. This practice is particularly relevant for enterprises in various sectors. Back then, it was established in 2008 for accelerating the transactions between government bodies.
But the peppol services have been evolving from year to year so that many countries beyond Europe also adapt to the common framework. It is just too pitiful to miss the huge benefits of the specs offered by peppol AP providers.
With its solution, it can enable e-document exchange worldwide, regardless of the borders and barriers. It raises the opportunities for small to mid-sized enterprises to take part in the global trading community. With the accelerated progress of the e-documents, there is no delaying time. The cash flow will be improved as well. Bilateral businesses can reap the most benefits from this.
How to optimise e-procurement with Peppol?
One can optimise the e-procurement, including invoicing, with the aids of reliable peppol services. The peppol access point provider can help you improve the payment speed and integrate the solutions into the existing customer software in your company.
All you need to do is to link to the peppol network through the trustworthy AP provider, and then you can be in the network. From there, you will be able to ease the communications and interactions with the providers and clients in other places.
Streamline the process of the electronic order such as orders, catalogues, shipping information, as well as invoices.
When it comes to the supply chain, the peppol network can help you to connect to all your suppliers without any hassle or fuss.
The form of invoicing used between the involved parties is conducted in electronic format. It won’t take a long time until the recipient accepts the documents. Now with the common framework use, it takes seconds to comprehend the file and finalise it. It cuts the period short and saves more money on operational activities.
Here are the key benefits of using peppol go:
Joining the public sectors: since all of the public sectors need to be compliant with the PEOPLE standard, it is safe to assume that you won’t have any problem delivering the e-documents to them. It opens the possibility to contact the authorities and other public sector firms throughout the country.
Compliance: The enterprise will go well when you are compliant with the rule. The business documents consist of sensitive information that the third party does not need to know. The peppol network strives with ample security and transparency. It can protect the documents from tampers.
Lower roaming fees: with the e-invoices in the peppol services, there are no longer interfering parties. These parties usually charge you the administrative fees. But it is no longer a problem. There is only a sender and a recipient. And that is what matters most.
Being recognised across the globe: Since you are using the same standard internationally, other businesses or parties in other countries can easily conclude your business. The companies in the rest of the world have already joined the network. Soon, more countries will be doing the same to participate in global trading.
Which countries use Peppol?
Thirty-one countries from Europe already use peppol go. Since the peppol access point provider evolves as time goes by, the same opportunities are also available in many other countries. It will be fair the other countries also join, such as South Africa, the US, Australia, New Zealand, Singapore, and so on.
Which companies are already connected to Peppol?
There are many companies that connect to Peppol. It is impossible to mention its name one by one here. But here is what we can do to help. If you want to check if a company you encounter has already connected to Peppol, you could use the Peppol Directory Search Box.
You can find this feature on the official page of PEPPOL in https://directory.peppol.eu/
From there, you could simply use the search box, and the name of the company will show up if they are already connected to the particular service.
You can simply enter the name of an identifier of the company (if you have one). Then click Search.
The registered company name will automatically show up on the results page. Besides the title of the company, you will also see its Peppol ID.
How do I connect to Peppol?
Connecting to PEOPLE requires the creation of PEPPOL ID first. One will need to sign up at the peppol access point first to attain the PEPPOL ID. Consider reaching out to Galaxy Gateway to help you out with the process from scratch.
