Peppol & KPD
An introduction to Peppol: What is it and why is it important for the construction sector?
Peppol stands for Pan-European Public Procurement Online and is an infrastructure that enables standardized e-commerce processes between companies, particularly in the field of electronic invoicing. But what makes Peppol so important for the construction sector?
We are bridging the gap to the new digital era. Use E-invoice and receive up to 5,000 incoming and outgoing invoices completely free via Peppol. Want to know more? Click on ‘Talk to an expert’.
What is Peppol?
Peppol is a government-supported initiative designed to improve the efficiency of electronic trading processes. It provides a set of open standards and specifications that enable companies to exchange electronic documents, such as invoices, securely and in a standardized manner, regardless of the system they use.
How does Peppol work?
Peppol operates through a network of authorized service providers. These providers serve as your access points to the Peppol network and offer a secure infrastructure for sending and receiving electronic documents. They comply with strict security and authentication requirements, ensuring that your data is always safe.
Benefits of Peppol for construction companies
Administrative simplification
The greatest advantage of Peppol is administrative simplification. Construction companies often process a large number of incoming invoices, which can be a time-consuming and error-prone process without automation. Peppol ensures standardized invoices, meaning all necessary data is always correct and in the right place. This reduces interpretation errors, saves time, and significantly lowers costs.
Faster payments and reduced administrative burden
By streamlining invoicing processes with Peppol, construction companies can count on faster payments. The time normally spent checking and correcting invoices is drastically reduced, resulting in less administrative burden and more time to focus on project execution and management.
Global interoperability
Peppol enables you to easily do business with partners around the world. The standardized approach ensures that your electronic invoices are recognizable and processable in any country, significantly facilitating cross-border trade. This is a huge advantage in an increasingly globalized market.
Digital and efficient
In an era where digitization and efficiency are key, Peppol is an essential tool for construction companies striving for a competitive edge and growth. By embracing Peppol, construction companies can not only optimize their operational processes but also strengthen their position in an increasingly competitive market.
Comparison with OCR
OCR (Optical Character Recognition) is a technology often used to digitize paper invoices by reading text from images. While OCR can be useful, it has several significant drawbacks:
- Interpretation errors:OCR software can struggle to correctly read handwritten or poorly printed text. This can lead to errors, especially in identifying important data like project references.
- Inconsistency: Manual correction of OCR-generated data is often necessary, which is time-consuming and error-prone.
- Limited efficiency: OCR does not offer the standardized and automated data processing that Peppol provides. A lot of manual work remains necessary to process invoices correctly.
Peppol eliminates these issues by using standardized, digital invoices that are immediately correct and complete. This ensures reliable, fast, and efficient processing of incoming invoices without the need for manual corrections or interpretations.
Want to know more about how Peppol is transforming the construction industry? Contact KPD for more information. Contact KPD for more information.
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