Expand your businesses operations with InvoiceNow, a comprehensive electronic invoicing (e-invoicing) system solution in Singapore that ensures the direct transmission of invoices in a well-structured digital format across various accounting platforms. InvoiceNow functions on the open standard Peppol (Pan-European Public Procurement On-Line) network. It is designed to assist both Small and Medium Enterprises (SMEs) and Large Enterprises (LEs) by promoting efficient invoicing, expediting payments, and endorsing a more sustainable environmental approach.
What is Peppol E-Invoicing in Singapore?
Peppol e-invoicing, a revolutionary digital invoicing system, has been adopted by Singapore as part of its Smart Nation initiative. This system solution is a significant step towards digital transformation, aiming to streamline business operations and enhance productivity in the country. The adoption of the Peppol network is a testament to the country’s commitment to digital innovation and global interoperability.
In Singapore, the Peppol e-invoicing system is governed by the Infocomm Media Development Authority (IMDA). IMDA has appointed a local Peppol authority, known as the Access Point Provider, to facilitate the seamless exchange of e-invoices within the network. This means businesses registered on the Peppol network can send and receive e-invoices to any other registered companies within Singapore and internationally.
What sets Peppol e-invoicing in Singapore apart is its unique blend of efficiency, accuracy, and environmental sustainability. By eliminating manual data entry, it significantly reduces the risk of human errors and accelerates the invoicing process. It also enables real-time tracking of invoice status, fostering transparency and accountability in business transactions.
Peppol e-invoicing system solution in Singapore is more than just a digital invoicing system. It’s a strategic move towards a more digital, interconnected, and sustainable business landscape, reinforcing Singapore’s position as a leading Smart Nation.