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.
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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. With the IMDA serving 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 from one Oracle NetSuite ERP to another, based on the Peppol standards. It is:
- Built on Oracle NetSuite for Oracle NetSuite customers
- 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. Discover the benefits of this paperless, effortless & seamless process with Oracle NetSuite ERP.
We are a Oracle NetSuite partner in Singapore. Get in touch with us for a free consultation.
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Why Choose PointStar Consulting
PointStar Consulting is an award-winning Oracle NetSuite solutions provider in the Asian region with over 14 years of experience and with clients in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Japan, China, Taiwan, and South Korea.
PointStar Consulting has helped some of the leading enterprises in Asia implement cloud ERP projects and other cloud solutions that help businesses realise the benefits of workflow automation.
Get Started with E-Invoicing Today
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