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E-INVOICING SYSTEM SOLUTION SINGAPORE WITH INGENIOUS

An Integrated Accounting Software Which is Peppol Ready

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.

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An Integrated Accounting Software Which is Peppol Ready

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.

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What is InvoiceNow?

InvoiceNow is a form of electronic invoicing that allows you to send invoices digitally across different finance systems.

Unlike traditional invoicing which requires a paper or PDF invoice, the e-invoice is automatically sent to the customer’s accounting system through a secure network.

InvoiceNow can help to shorten your invoicing processing time and help your business get paid quickly without any manual paperwork.

How Does E-Invoicing Work with InvoiceNow?

InvoiceNow is an e-invoicing system solution that streamlines and digitises the invoicing process. As part of the global PEPPOL network, InvoiceNow standardises the format of invoices to ensure compatibility across different systems. Here’s a comprehensive guide on how e-invoicing works with InvoiceNow:
  • Invoice Creation: The supplier creates an e-invoice using their accounting software detailing the goods or services provided, their cost, tax information, and the payment due date.
  • Invoice Standardisation: The e-invoice is then converted into the PEPPOL BIS Billing 3.0 format. This standard format ensures that the e-invoice can be read and processed by any system within the PEPPOL network.
  • Invoice Transmission: The standardised invoice is sent electronically via the InvoiceNow network. This digital transmission eliminates the need for physical mail, reducing delivery time and environmental impact.
  • Invoice Receipt and Processing: The buyer’s accounting system receives the e-invoice directly and automatically processes it. This includes matching the e-invoice with purchase orders and delivery notes, verifying the details, and scheduling the payment. Automating this process reduces the risk of errors associated with manual data entry.
  • Payment and Reconciliation: The buyer pays the invoice electronically. The payment information is then automatically reconciled in the supplier’s accounting system, completing the transaction and ensuring all records are up-to-date.
By using InvoiceNow, businesses in Singapore can enjoy a more efficient, accurate, and sustainable invoicing process. It provides real-time visibility into transactions, helping businesses better manage their cash flow and maintain stronger relationships with their suppliers and customers.

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Benefits of

InvoiceNow

Streamlined Processes

Reduce errors and time spent on manual invoicing.

Faster Payments

Speed up validation across financial systems through unique UENs.

A gREENER bUSINESS

Save the environment with reduced paper waste.

e-Invoicing

AutoCount is also E-Invoice Ready via PEPPOL Network (initiated by IMDA since 2019). It handles both local & international transactions seamlessly.

You can now enjoy the FREE e-Invoicing module on the first 50 transactions each month and this offer is valid for up to 6 months. For subsequent transactions, it is charging at SGD 0.40 each transaction.

*Until 31 December 2021, T&C apply.

Ingenious, Your E-Invoicing Solution Provider in Singapore

Ingenious, a leading e-invoicing system solution provider in Singapore, is your trusted partner for reliable and innovative e-invoicing solutions.We understand that in today’s fast-paced business environment, managing invoices can be a daunting task. That’s why we’ve designed our e-invoicing systems to simplify this process, allowing you to focus on what truly matters – growing your business. 

Our systems are not only easy to use but also adhere to the highest standards of security, ensuring your data’s integrity and confidentiality at all times. At Ingenious, we continually refine our solutions, incorporating the latest digital advancements, including cloud accounting solutions, autocount accounting software, inventory management system, and more, all designed to seamlessly integrate with our e-invoicing system to provide a hassle-free experience for our clients.

Ingenious is more than just a service provider; we are your partners in success. We believe in empowering businesses through digital transformation, and our e-invoicing solutions are a testament to this belief.

Get in touch with our team to learn about our e-invoicing system solutions in Singapore, and together let’s work to take your business to new heights.

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Frequently Asked Questions About E-Invoicing in Singapore

InvoiceNow, an e-invoicing system solution in Singapore built on the Peppol framework, facilitates the exchange of invoice data in real-time and a structured format. This enhances the accuracy of data and streamlines the invoicing process. While PDF e-invoices are also digital, they lack this structured format. They necessitate manual data entry, which consumes more time and increases the likelihood of errors. Therefore, InvoiceNow’s automated system is a more effective solution than traditional PDF e-invoicing.
Any authorised representative of your company can undertake the registration for a Peppol ID or InvoiceNow. This could be a director, manager, or a designated employee. However, to ensure seamless integration with your existing accounting or ERP systems, it’s often recommended to engage a Peppol-ready solution provider in Singapore, such as Ingenious. We can handle the registration process and set up the e-invoicing system, making your company’s transition smooth and efficient.
InvoiceNow is a cloud-based e-invoicing platform that curtails manual data entry, thereby minimising errors and rework. It expedites the e-invoice processing cycle, leading to faster payments and improved cash flow. Furthermore, it eradicates costs associated with paper-based invoicing, such as printing and postage. Consequently, InvoiceNow significantly enhances operational efficiency and results in substantial cost savings.
To find your business partner’s Peppol ID for e-invoicing, you can engage a Peppol Access Point provider in Singapore or utilise a Peppol Directory service. These services enable you to search for registered entities using their business identifiers, ensuring a smooth e-invoicing process. Alternatively, you can directly ask your business partner for their Peppol ID.
Yes, you can register with multiple Peppol Access Points for e-invoicing. However, this approach might escalate the complexity of managing multiple connections. Therefore, selecting a single, reliable access point is generally more advisable. This choice should ideally align with your company’s specific needs and guarantee a seamless e-invoicing process.
InvoiceNow and Peppol e-invoicing are different but related. InvoiceNow is a service platform in Singapore designed to facilitate the process of e-invoicing. In contrast, Peppol is a broader, international standard that governs e-invoicing. It sets the rules and guidelines for e-invoicing exchange. InvoiceNow utilises this Peppol standard to ensure its compatibility and interoperability with various other systems on a global scale, promoting seamless and efficient digital transactions.