Accounting made easy with InvoiceNow
InvoiceNow is a nationwide E-invoicing initiative implemented to help businesses improve efficiency, reduce cost, enjoy faster payment and stay green at the same time.
The nationwide E-invoicing network is an extension of the International Peppol E-Delivery Network allowing businesses to transact internationally with other linked companies. It allows direct transmission of e-invoices from one finance system to another without human intervention, speeding up invoice processing which results in faster payment. This greatly reduces the time spent verifying invoices and chasing for payment.
Universal e-invoicing standards and immediate invoice delivery result in quicker validation, processing and payment time.
Improve overall efficiency as processes are streamlined by reducing error-prone manual work and duplicate efforts.
Costs reduced as printing, mailing and storing of hard-copy invoices are cut down and e-invoices can now be easily stored and retrieved online.
Send and receive e-invoices seamlessly using the same standards as per IMDA, across all local and overseas businesses on the InvoiceNow network.
Ability to register user’s business on the platform to the Singapore’s Nationwide E-invoicing Network’s Service Metadata Publisher (SMP).
Able to locally store the Peppol ID of the users of the platform (i.e. end user) - customers or suppliers.
You may also download the PDF Help Guide here.
If you would like to know more about InvoiceNow, click here to contact us.