IMDA Singapore has established and implemented the National E-Invoicing Network in January 2019, to facilitate the easy and seamless exchange of invoices between companies (B2B) as well as government (B2G).
The Singapore E-Invoicing Network is an extension of the International PEPPOL (Pan European Public Procurement On-Line) E-Delivery Network. Joining this network will allow Singapore companies to transact with both, local as well as overseas companies that are linked to the PEPPOL Network.
E-Invoicing (Electronic Invoicing) is the exchange of an invoice document between a Vendor and a Customer using an integrated, structured electronic format.
Typically, the process of exchanging invoice with the Customer is a resource intensive, manual process, that is prone to errors and mishandlings. These translates to increased processing costs and overheads for companies.
Benefits of E-Invoicing with FACT ERP.NG:
- Generate and Receive E-Invoices effortlessly
- Improve efficiency
- Reduce manual work
- Reduce error handling
- Enjoy faster payment cycles
- Eliminate the need to align with multiple invoice formats
- Eliminate the need to login to different portals