Large businesses and government

The New Zealand Government is committed to delivering e-Invoicing.

With over 280 million business to business invoices exchanged in New Zealand annually, savings to our economy through e-Invoicing are estimated to be $4.4 billion over 10 years.

In June 2021 Central Government agencies were set e-Invoicing implementation and e-invoice volume targets:

  • All Central Government agencies to be e-Invocing ‘receive’ capable by 31 March 2022.
  • 90% of business to Central Government invoices are einvoices by July 2026.

Wider Government is also encouraged to adopt and use e-Invoicing.


Benefits

Adopting e-Invoicing across all levels of government and large businesses is good for the economy and helps support faster payments to small businesses. As government and large businesses are mainly receivers of large volumes of invoices, significant savings can be realised through reduced processing costs. It can also reduce administrative delays and payment issues. Faster payments and more streamlined processing for your goods and services suppliers can improve trading relationships.

Check out the other benefits for business


Getting started

Here are the main steps to getting started with e-Invoicing:

Step 1

Talk to the software provider of your accounts payable system to see if your system is e-Invoicing capable or planning to be.

Other options to consider:

  1. Repurchase: Replace your invoice processing system with one that is e-Invoice capable.
  2. Rebuild: Rebuild your current system to one that is e-Invoice capable, or alternatively upgrade to a version that is e-Invoice capable.
  3. Retire: If you have multiple invoicing systems, consider consolidating and moving to one e-Invoice capable system.
  4. Retain: Keep your current invoicing system and compliment it with an add-on which is e-Invoice capable.

Step 2

Determine how you’ll access the e-Invoicing network. See the register for:

Step 3

Implement e-Invoicing, encourage your suppliers to send e-Invoices, and start gaining benefits.

Top tip: Engage and on-board your suppliers. The more suppliers you have sending you e-Invoices, the more you’ll benefit from the speed, accuracy, and savings.

Do this as soon as you start your own implementation.