Small and medium businesses working with the NSW Government can now track their invoices more easily and get paid faster, thanks to the launch of the Supplier Hub Invoicing Portal.
The invoicing portal, launched on Buy.NSW's Supplier Hub, gives more than 20,000 suppliers a centralised source for all invoicing information; allowing them to submit invoices to e-Invoicing enabled agencies and check the status of submitted invoices.
Minister for Digital and Customer Service Victor Dominello said the portal is an important step leading up to next year's e-Invoicing mandate.
"We are putting the customer at the centre of the process. The Hub will save suppliers time and money by reducing payment times, paperwork, and manual errors," Mr Dominello said.
"This is a one-stop shop for suppliers to register to sell to NSW Government, update their information, view opportunities and share procurement-related information.
"We want to reduce the amount of time businesses have to deal with government, so they can instead focus on running their operations."
Minister for Finance and Small Business Damien Tudehope said the new portal would reduce red tape and make the invoicing process easier.
"Cash flow is one of the most important issues for businesses and often it can take time to receive payment," Mr Tudehope said.
"This portal will facilitate faster and on time payments to businesses to cut down on unnecessary stress for those who just want to get on with the job."
The e-Invoicing service has been enabled across the 42 agencies that are part of the Customer Service, Premier and Cabinet, Treasury and Stronger Communities & Justice clusters.
Businesses with a Supplier Hub account, and which do not use any accounting software, can use the Portal to quickly send their invoices to agencies that are enabled for e-Invoicing.
All State Government agencies will be expected to receive e-Invoices by 1 January 2022.
Based on the 4.2 million invoices across NSW Government in 2019, a shared saving between the suppliers and NSW Government is estimated to be $71 million.
