The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, has welcomed the Australian Government's commitment in last month’s budget to spend $23 million to help small businesses adopt eInvoicing.
“I commend the software providers for embracing eInvoicing in their platforms and for making registration as straight-forward as possible, and the Government for incentivising its use with faster payment times its suppliers,” Billson said in a statement last week.
He encouraged small businesses to adopt eInvoicing as a more secure and faster way of getting paid.
“It’s a great way of sending invoices in a secure way, with improved cyber protection, simplicity and efficiency," he stated.
“For small and family businesses, I urge taking up the eInvoicing option to really streamline their dealings with other business and government customers, expand the use of eInvoicing across a growing network of users and increase the benefits to individual businesses and the economy that the technology offers.”
“Small businesses have been particularly vulnerable to invoice substitution scams – also called payment redirection scams or business email compromise - where nefarious cyber criminals get into their computer system and intercept emails to customers and insert different bank account details for payments," Billson stated.
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