Nationwide E-Invoicing Initiative


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.

Learn more about InvoiceNow

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.

      


Esker Document Automation Asia Pte Ltd

OpenText (Asia) Pte Ltd

Office Productivity Solutions




 

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!