Began demonstration of Peppol, a digital invoice standard
Sumitomo Mitsui Finance and Leasing Company joined
WingArc1st Inc.
WingArc1st Inc is pleased to announced that on July 15 it started providing the access points necessary for sending and receiving digital invoices as a Peppol service provider. Sumitomo Mitsui Finance & Leasing Company, Limited (SMFL), which is using our digital business form platform, invoiceAgent, has registered its Peppol ID and will participate in our demonstration as part of its consideration of the introduction of digital invoices.
In the demonstration, we will deliver and receive invoices to SMFL using Peppol. After verifying the effectiveness, we plan to expand the scope to include Peppol connections with other companies.
Here is SMFL's endorsement of this press release announcement:
One of the strategies in our mid-term management plan, "Fundamental Reform of Existing Businesses," is the thorough digitization of our business operations. We see the use of Peppol as a major advantage in moving beyond the digitization of paper to the digitization of data transmission to and from contractors and other parties to improve operational efficiency. We believe that starting preparations and studies ahead of time now will lead to solutions not only for our company but also for social issues.
Sumitomo Mitsui Finance & Leasing Company, Limited
As a Peppol service provider, we will continue to contribute to the promotion of back-office DX.
■Seminar
Title: User voice about the possibilities of Peppol-enabled digital invoices
・Date/Time: 31 October / 15:10 to 15:40 (JST)
・Venue: The Prince Park Tour Tokyo (as a part of updataNOW sessions)
・Summary: With the launch of the invoice system in October 2023, the workload for sorting documents and matching qualified invoicing business registration numbers in billing-related operations is expected to increase. One way to reduce this workload and ensure faster and more accurate processing is to utilize digital invoices that are compatible with the Peppol standard.
In this seminar, we will invite a company that is currently considering sending and receiving digital invoices using Peppol and discuss the details of the demonstration, challenges, and expected future benefits.
Speakers:
Ayako Kobayashi (Sumitomo Mitsui Finance & Leasing Company)
Toshiyuki Shimizu (WingArc1st)
・Registration: https://info.wingarc.com/public/session/view/906?ss_ad_code=m_news&argument=RTXsp5Bn&dmai=UD23_web_corp07 (Japanese)
■Services we can provide as a Peppol service provider
・Easy implement to your business
Even if your business system does not currently support Peppol, you can convert to Peppol format and distribute/receive documents by using WingArc1st services.
・Compliance with the Electronic Books Preservation Act
The documents exchanged by Peppol are automatically indexed to meet the search requirements of the Electronic Books Preservation Act (*).
(*) The maximum storage capacity is 3 GB for the free plan.
・Improvement of visibility
Peppol data can be converted to reports. This increases visibility and facilitates manual confirmation of the report contents. In addition, it meets the readability requirements of the Electronic Books Preservation Act (Article 3, Paragraph 1, Item 4).
■About Peppol
Peppol (Pan European Public Procurement Online) is a global standard specification for a network of document specification operating rules for exchanging electronic documents such as invoices over a network, and is managed by OpenPeppol, a Belgian international non-profit organization. It is currently in use in more than 30 countries, including not only European countries but also countries outside Europe such as Australia, New Zealand, and Singapore. The Japanese administrator is the Digital Agency, and JP PINT is the standard specification for digital invoices exchanged between the seller's access point (C2) and the buyer's access point (C3).
Digital Invoice Promotion Council: https://www.eipa.jp/peppol (Japanese)
You can watch a 30-minute video explaining the results of the latest survey on business-to-business electronic transactions and Peppol's explanation of the results (Japanese).
Contact on Products and Services:
WingArc1st Inc.
Roppongi Grand Tower, 3-2-1 Roppongi, Minato-ku, Tokyo106-0032, Japan
TEL : 81-3-5962-7300
FAX : 81-3-5962-7301
E-mail :
*Company names and product names enlisted in this Press Release are trademarks or registered trademarks of each company.