What is eInvoicing?
eInvoicing is the electronic exchange of invoice information directly between your supplier's system and your Unimarket Community. eInvoicing eliminates the need for suppliers and buyers to create and process PDF and paper invoices, reducing processing costs and administrative efforts while increasing accuracy, payment speed, and data capture efficiency.
Unimarket supports two global standards for eInvoicing to ensure that we can offer flexible options when connecting with your suppliers. However, from a customer perspective, the standard used is less critical because both provide all the necessary data and compliance to generate a valid invoice.
The key takeaway here is that electronic invoicing offers a substantial improvement in accuracy and efficiency compared to the PDF alternative, eliminating the requirement for manual data entry.
cXML (Commerce XML)
cXML is an industry-standard for digital invoice transmission, widely embraced in the industry, making it a seamless setup with your suppliers. Unimarket is fully capable of receiving invoices from your suppliers in the cXML format through direct integration between their system and your Unimarket community.
How do I get setup with cXML?
As part of customer and supplier enablement projects, the Unimarket Supplier Management team will handle the setup and testing of cXML integration. Customers need not take any action in this regard. However, it's important to note that this form of integration necessitates that the supplier supports cXML and completes registration as a Premium Supplier on Unimarket.
Peppol is a European digital standard which has been adopted by the Australian and New Zealand Government as part of their push to drive electronic invoicing. Peppol sends invoices through a common Peppol Network using certified Access Points. This means that customers signing up to use Peppol will have immediate access to all their suppliers currently enabled on the network. For example, suppliers using finance solutions such as XERO and MYOB have Peppol capability built into these tools and will have the option to send you an electronic invoice rather than a PDF invoices. The integration is one-to-many and allows you to scale electronic invoicing quickly.
How do I get setup on Peppol?
Sign up for Unimarket Peppol Integration
Unimarket has designed a specialized integration tailored for Peppol, allowing us to seamlessly receive and process invoices from the Peppol Network. To enable this Peppol integration, there is an associated annual integration support cost.
Register with a Peppol Access Point
All Peppol invoices received from the network must come through a registered Peppol Access Point, to which Unimarket's integration is connected. Customers must independently register for a Peppol Access Point to establish connectivity with the Peppol Network. It's important to clarify that Unimarket itself does not operate as an Access Point; however, we do have a trusted Access Point partner available for businesses that do not already have one.
Please be aware that registering with an Access Point incurs a transactional cost for managing invoice traffic. This cost is seperate from the Unimarket Peppol Integration.
Upon the successful setup completion, your suppliers will transmit their invoices through the Peppol Network. These invoices are guided by identifiers, ensuring their precise routing to your dedicated Access Point. Subsequently, they descend into Unimarket for a matching process facilitated by our integration.
In the event of an existing invoice integration between Unimarket and your ERP, the final act unfolds. We seamlessly transfer the matched invoice data into your ERP, preparing the stage for payment processing.