Financial process automation experts and certified Peppol Access Point providers for Australia and New Zealand, Valta Technology Group (Valtatech), today announced its Peppol Connector for Coupa Invoice will be available to users in the Coupa App Marketplace, connecting businesses with certified, pre-built solutions to enable them to send and receive e-invoices and e-orders via the Peppol network. Coupa Software (NASDAQ: COUP) has also certified Valtatech’s Peppol Connector for Coupa Invoice for use within its Coupa Business Spend Management (BSM) Platform, the cloud-based platform that empowers companies around the world with the visibility and control they need to make smarter spending decisions.  

The Valtatech Peppol Connector for Coupa Invoice enables Coupa customers to onboard and trade via the Peppol network in as little as three weeks. Peppol e-invoicing saves Coupa customers and their suppliers, time, and money by:

• Removing any manual data entry of invoice data
• Eliminating the risk of email-based invoice fraud
• Enabling automatic workflow of non-PO and PO-matched invoices
• Being available to suppliers of all sizes

Business adoption of Peppol e-invoicing in Australia and New Zealand is a key focus of the Australian Taxation Office (ATO) and the New Zealand Ministry of Business, Innovation and Employment. Both Governments have taken a series of actions to accelerate the adoption of e-invoicing and encourage more businesses to join the network.

Mark Stockwell, Director of E-invoicing at the Australian Taxation Office, comments: “More than 1.2 billion invoices are exchanged in Australia every year, with around 90 per cent of invoice processing still partly or fully manual. Every time an e-invoice replaces a paper or email invoice, the businesses involved in the transaction can save up to around $20 in cost savings. Businesses of all sizes can benefit from the efficiencies that e-invoicing provides and getting started is easy as more and more finance platforms become e-invoice enabled.”

“The Ministry of Business, Innovation and Employment (MBIE), in our role as the NZ Peppol Authority, is committed to supporting the adoption and use of e-invoicing by NZ businesses,” says Stu Ross, E-invoicing Adoption Manager. “The common international standards, that Peppol brings, allow different systems to ‘speak’ to each other and means any size business can use e-invoicing. With over 280 million business-to-business invoices exchanged in New Zealand each year, savings to our economy through e-invoicing are estimated to be $4.4 billion over 10 years. The more businesses that send and receive e-invoices, the more we all share in the benefits such as admin time savings and faster payments. So, we really encourage businesses to get started with e-invoicing.”

“Coupa supports the Australian and New Zealand Governments' initiatives to help businesses become more digital. With e-invoicing becoming more commonplace in Australia and New Zealand, the need for Coupa customers to easily and quickly implement a way to receive e-invoices is imperative now,” said Roger Goulart, Executive Vice President of Business Development and Alliances at Coupa. “We’re proud to have Valtatech on the Coupa App Marketplace to give our customers even greater invoice automation options and easily comply with the rapid adoption of Peppol e-invoicing across the region.”

As a certified CoupaLink solution, Valtatech Peppol Connector for Coupa Invoice meets the requirements established by Coupa through its CoupaLink Partner Program and is available in the Coupa App Marketplace. The CoupaLink Partner Program enables software partners to build complementary solutions that easily connect to the Coupa platform. Customers benefit by discovering and connecting solutions to optimize their business spend and reducing business risk while reducing the cost of third-party software integration.

“Connecting our Peppol Connector for Coupa Invoice into the Coupa Business Spend Management Platform gives our customers a streamlined and straightforward way to be enabled to receive Peppol e-invoices and enjoy the benefits that Peppol e-invoicing can drive for businesses across the region, we are excited to be the first Peppol Access Point certified on Coupa’s App Marketplace,” said Jussi Karjalainen, Founder & Managing Partner at Valtatech. “We are proud to be part of the Coupa App Marketplace and a trusted CoupaLink technology partner. We look forward to our relationship with Coupa to further help customers transform, automate and optimise their finance and procurement operations.”