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Banqup: public sector billing via SABIS

May 17, 2024
min. reading

From 1 July. The Register Centre "E. Account" will be replaced by the new system SABIS. This means that businesses that have commercial transactions with public bodies will have to submit electronic invoices via SABIS from July.

Meanwhile, businesses that use Banqup to receive and issue invoices will not be affected by this change in billing. Banqup has an interface with the European invoicing network Peppol, which is integrated with the Lithuanian SABIS system. This means that once an invoice has been issued, the Banqup user can select the recipient and send the invoice via Peppol.

What is Peppol?

Peppol (Pan-European Public Procurement Online) is a network that allows companies to exchange electronic documents, including e-invoices, in a standardised format across Europe. This facilitates secure and efficient communication between trading partners.

Why choose Banqup?

  • User-friendly platform. Banqup offers a user-friendly platform that simplifies the process of issuing, sending and managing e-invoices in one place. This is essential for small businesses with limited resources or technical expertise.
  • Interface with Peppol network. Banqup is an access point to the Peppol network, which interfaces with the E. Saskaitu" and SABIS. This allows companies to send invoices directly to the public and private sectors across the EU. This possibility solves the problem of sending invoices when participating in EU public procurement or to foreign clients who require e-invoices (XML). An increasing number of countries will make the use of e-invoicing mandatory, e.g. in the EU. Poland and Latvia plan to do so from 2026. 
  • Compliance with SABIS. Banqup is adapted to the changes in the Lithuanian invoicing rules for the public sector, including integration with the new SABIS system. This ensures that companies continue to comply with local requirements.
  • A cost-effective solution. Small businesses avoid the high costs associated with the technical implementation of the solution. In addition, by submitting invoices via Peppol, it is no longer costly to pay fees to the Register Centre "E. Invoice" or SABIS. 
  • Automation and efficiency. Banqup automates invoice processing, reducing errors and saving time for businesses. Such tools are important for companies that want to optimise their work processes.

How do I start using Banqup? 

Using Banqup and sending e-invoices via Peppol is easy:

  • Registration. It's easy for a company manager to sign up for Banqup and create an account in minutes.
  • Invoicing. Banqup provides templates and tools for invoicing that comply with Peppol and SABIS standard. 
  • Sending invoices. Once a customer's card has been created and invoiced, the system will select the most efficient delivery channel.

For small businesses in Lithuania preparing to migrate to the new SABIS system and accept Peppol e-invoices, Banqup offers a comprehensive solution that combines ease of use, compliance and affordability. Using the Banqup platform, companies can seamlessly transition to complex e-invoicing, allowing them to focus on growth and innovation rather than administrative tasks. Embrace the future of invoicing with Banqup and simplify your business operations today!

Create your free Banqup account today.

Create a free Banqup account