- eInvoicing Benefits: eInvoicing improves business efficiency by speeding up invoice processing, enhancing cash flow, and reducing operating costs.It helps reduce the tax gap by ensuring accurate and timely consumption tax collection, which can significantly boost government revenues.
- Peppol Four-Corner Model: The Peppol network uses a four-corner model to facilitate eInvoice exchange between different IT systems, allowing businesses to use their existing systems while ensuring interoperability through standardized data models and service providers.
- Discovery and Addressing: The Peppol network employs the Service Metadata Locator (SML) and Service Metadata Publisher (SMP) for addressing and capability lookup, ensuring that eInvoices are correctly routed and received by capable systems.
- Extending to Five-Corner Model: The model can be extended to include tax administrations (fifth corner) for Digital Reporting Requirements (DRR) or Continuous Transaction Controls (CTC), enabling real-time tax reporting and other policy initiatives like ESG reporting.
- OpenPeppol Governance and Participation: OpenPeppol is an international membership association that governs the Peppol network, with members including Peppol Authorities, end users, service providers, and observers. It ensures interoperability through a set of agreements, policies, procedures, and technical specifications.
Link to the document from Peppol https://peppol.org/wp-content/uploads/2024/06/eInvoicing-Discovering-Peppol-May-2024.pdf
