It is a data exchange tool that allows Lithuanian businesses to exchange e-invoices more conveniently by automatically exporting them from the seller's accounting system and importing them to the buyer's systems without using any manual work.
The process of processing e-invoices becomes simpler: the seller issues an invoice in the accounting system, which automatically sends the invoice to the buyer's accountant via the Peppol network – the accountant will immediately see the received invoice with all data fields filled in in accounting or invoice management system without any additional manual work. The accountant‘s responsibility is to collect the approvals of the responsible persons in the system, assign the General Ledger accounts, and register the record.
This tool is dedicated to accounting and business management systems, and invoice management platforms - and the business entity only has to activate the integration.
Peppol is an international e-invoicing network where companies send and receive invoices. This network works on the principle of "four corners". Each invoice recipient and sender use the services of an invoice operator (Access Point), which ensures full compliance and delivery of the invoice to the recipient through the access point they use.
Different companies and institutions of EU countries can exchange invoices through the Peppol system using a common standardized e. in UBL BIS3 XML format.
Currently, more than 500,000 companies and institutions use the Peppol system, but this number will increase drastically in the near future due to the new e-invoice requirements in different countries and in the EU.
From 2028, the European Commission is introducing a requirement for all Member States to require businesses trading between EU countries to exchange electronic invoices via the Peppol network. So, switching to e-invoicing today will mean smoother changes for businesses in the future.
If you are a software vendor and want to integrate e-invoicing processes into your solution to create exceptional value for your customers - contact us.