Digitalise your business with InvoiceNow — a nationwide E-invoicing network that enables smoother invoicing and faster payment cycles while making a positive impact on the environment. The Nationwide E-Invoicing Network adopts the Peppol framework allowing businesses to transact internationally with other linked companies.
In conjunction with Nationwide E-Invoicing Initiative, GS1 Singapore is embarking on InvoiceNow which you are able to receive your invoice in a more efficient manner in 2021. We encourage our members to be on board. Paper invoices and statement will be phased out and we will require members to update their email addresses. To get you prepared, we will still send you the paper invoice on January 2021 if you have not joined the initiative. Moving forward, the e-invoice will be sent via Peppol.
Video courtesy of Infocomm Media Development Authority
Benefits of using InvoiceNow
By embarking on InvoiceNow, you are able to enjoy following benefits:
Faster payment cycles: InvoiceNow comes with improved verification and validation which accelerate invoice processing and payment cycles.
Cost reduction: E-invoices eliminate or reduce several costs to businesses such as storage, retrieval costs and printing costs.
Improve efficiency: Human error might occur in the preparation of paper invoices. The error-prone manual process is avoided with e-invoicing.
Secured transaction: Send e-invoices securely, receive notification of successful receipt and prompt acknowledgement from your trading partners.
Access to new financing options: E-invoicing allows for more accurate and near-real time visibility of payment cycles. This enables better business sustainability and growth through efficient cash flow management.
What is Access Point Provider?
Access Point (AP) is a connectivity service that links business systems to the Peppol network. Buyers and suppliers are free to choose their preferred AP provider. Below is the list of our partners. For more information, please visit their websites.
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Esker Document Automation Asia Pte Ltd
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Setting up with Esker is easy!
Follow their 5-step instructions to be Peppol ready in just a few clicks.
Step 1
Simply go to https://cloud.esker.com.sg/peppolprepaidpacks/ to purchase a Peppol prepaid pack or contact an Esker representative if your monthly requirement is over 100 invoices a month.
Step 2
Make sure your customer has a Peppol ID, you can search for other businesses on the global directory by visiting this site: https://directory.peppol.eu.
Step 3
Fill in the Excel template provided by Esker.
Step 4
Click on the button to generate the invoice and send the Excel file to the Esker email provided.
Step 5
Any Peppol e-invoice received on Esker platform will be sent automatically to you via the email provided during your registration in a PDF format.
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OpenText (Asia) Pte Ltd
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OpenText™ Business Network operates the world’s largest B2B network. Within this extensive network, organisations can easily exchange business documents and automate business processes. OpenText is one of the first certified Access Point providers since Peppol was first introduced in Europe and has extended the same expertise in Singapore, Australia and New Zealand.
Connect with them at OpenText Business Network, learn about global e-invoicing compliance, and connect with their Singapore liaison, Janet Chong, to participate in PEPPOL e-invoicing via our certified Access Point.
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Office Productivity Solutions
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OPSOLUTIONS is a regional technology firm that guides clients through a simplified journey of digital transformation.
We are also a certified local AP provider for PEPPOL e-invoice, a nationwide digital invoice network implemented by IMDA in 2019 to help businesses improve efficiency and speed in payment delivery, reduce transcription errors, and encouraging international trade.
With this, all our new and existing clients locally and regionally will be able to enjoy a faster and better transaction experience across borders at a lower cost while staying green. Moving forward, PEPPOL e-invoicing will be integrated into our solutions for our clients to tap on, such as partner solution Deltek WorkBook.
We look forward to future digital advancements that can help continue supporting our customers and other business in improving their processes and achieve better business success.
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Aligning with Nationwide E-Invoicing Initiative, we are increasingly adopting paperless invoice policy and would encourage you to join us in this initiative to grow your business by accessing to a more efficient payment option and get connected with all trading partners already on this e-invoicing network. Get started now!