What is InvoiceNow?
InvoiceNow is an initiative by the IMDA to standardise E-Invoicing in Singapore by adopting the Peppol framework. InvoiceNow ensures you get paid faster by automating the invoicing process while ensuring the removal of errors due to manual data entry.
Benefits of Invoice Now
Faster Payment Cycle
Improve Efficiency
Reduce Complexity
Transact Internationally
Cost Reduction
What is Peppol?
Peppol is a common framework that allows for the direct transmission of E-Invoicing under a structured digital format between buyers and suppliers. Singapore is the first Asian country to have adopted the Peppol framework. The IMDA serves as the Peppol authority for the nation.
What is the difference between
the PDF E-Invoicing System I use now and InvoiceNow?
Present Invoicing System
- The mode of invoicing most businesses use currently involves a combination of physical and soft copies (PDF) of receipts sent by sellers to buyers.
- Sellers extract details for their invoices from their respective ERP systems, before formatting it into human-readable form to be sent to buyers.
- The buyers then manually type out the invoice they receive into their ERP system.
- As we can see, this is a tedious process which is time consuming and can often be riddled with human errors.
InvoiceNow allows direct transmission of invoices in a structured digital format based on the Peppol standards. It is approved by IMDA.
Grow your business with InvoiceNow — a nationwide E-Invoicing method that facilitates the direct transmission of invoices in a structured digital format across finance systems in Singapore, based on the Peppol standards. Automate your E-Invoicing with InvoiceNow. Get in touch with us to discover the benefits of this paperless, effortless & seamless process .
Why Choose
PointStar Consulting
PointStar Consulting is a leading one-stop financial digital transformation consultancy with over 14 years of experience in helping businesses seamlessly integrate different solutions and automating workflows across their organisations.
Get Started with E-Invoicing Today
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