Electronic Data Interchange – EDI,  Electronic Invoicing

EDICOM Accredited as Peppol Compliant eProcurement System Provider Across the Nordic Borders

EDICOM Peppol provider

The Norwegian Agency for Public and Financial Management (DFØ) launched the Nordic Smart Government and Business (NSG&B) in collaboration with a number of organisations in Denmark, Finland, Iceland, Norway and Sweden. The vision for the Nordic co-operation is for the Nordic region to become the most sustainable and integrated region in the world by 2030. 

The program is mostly aimed at helping SMEs in their digital transformation, by making real-time business data accessible and usable for innovation and growth across the region, in an automatic, consent-based and secure manner. However, the project will help companies of all sizes and enhance future digital ecosystems. 

The upcoming milestones in the NSG&B Project foresee that by 2024, 80% of the invoices sent in the Nordics are digital. The value of making financial data available to Nordic SMEs is estimated to be approximately 25-27 billion euros yearly from 2027. 

One of the main goals is to establish a digital infrastructure between businesses, business partners and authorities. The realization of Nordic Smart Government and Business through an interoperable ecosystem of digital solutions will provide real-time business data for business-to-business and business-to-government. 

As a global service provider, EDICOM took part of the pilot project that worked on automating business processes regarding electronic exchange of invoices, orders and catalogues in the Peppol BIS format via the Peppol Network between buyers and sellers. The mission of the pilot project was to create an automatic flow of structured and standardised data from electronic catalogues, orders, invoices and receipts - and share real time data with third parties for credit assessment, business intelligence as well as automatic reporting to authorities.

We have succesfully implemented electronic processes between nordic businesses by automating orders, order responses, credit notes and catalogues in compliance with the Peppol standard.

EDICOM Peppol Access Point

EDICOM has been a Peppol Access Point since 2015, allowing public entities and businesses to connect within the Peppol Network. 

EDICOM Peppol Access Point allows any business and public authority to interact with their trading partners and providers through integrated solutions that automate the exchange of all types of electronic documents under the Peppol standard.

Objectives of the Peppol Network

  • Improve interoperability in electronic procurement and promote transparency in relations between private companies, administrations and public entities.
  • Business process automation in both the public and private sectors.
  • Promote the competitiveness of companies in a global context.
  • Single digital marketplace development.

Benefits of the Peppol Network

  1. Cost reduction: Peppol is a standard used in Electronic Data Interchange. It is being extended and adopted by many businesses and public administrations. With a single accredited solution, it is possible to manage relationships with multiple businesses and administrations in different countries.
  2. Interoperability: Interconnection between the different Pepol Access Points in the network is guaranteed. This makes it a platform with guaranteed access for any partner participating in EDI processes within the Peppol framework.
  3. Automated management processes: The Peppol standard opens the door to automation. Sales and administration departments can reduce workload and focus efforts on jobs that provide better value and efficiency.
  4. Increased competitiveness: Companies can automatically exchange data with partners in different countries. Once companies take this technological leap, they continue to develop their digital strategy.

EDICOM News Global | Find out more about Electronic Data Interchange – EDI

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