Currently, many common invoicing processes are manually intensive, time sensitive and error prone. Time spent on chasing missing and late invoices is also time spent away from managing a business.This imposes a significant cost to the Australian economy.  It has been estimated that Australian businesses issue 1.2 billion invoices a year. Widespread adoption of eInvoicing is an opportunity for transformational change in the Australian economy, with estimated savings of $7-10 billion a year.