Euroconnector
The easiest way to send and receive e-invoices via the Peppol network for businesses of all sizes.
Banqup, in cooperation with the Ministry of Economy and Innovation, presented a data exchange tool for the Lithuanian market, which significantly simplifies the exchange of real e-invoices for businesses.
This solution eliminates technical barriers and high costs for those who want to start using e-invoices.
What is Euroconnector?
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 oversees the process by gathering approvals from authorized personnel, assigning General Ledger accounts, and registering the record.
Who is the Euroconnector solution for?
This tool is dedicated to accounting and business management systems, and invoice management platforms - and the business entity only has to activate the integration.
Business benefits
Compliance with requirements
Automated processes
Delivery of invoices is assured
Less manual work
Data exchange tool Euroconnector technical specification
Peppol
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-invoice 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.
