What is InvoiceNow?
Electronic invoicing (E-Invoicing) is the automated creation, exchange and processing of request for payments between suppliers and buyers using a structured digital format. So, what does this really mean?
In Singapore’s context, Infocomm Media Development Authority (IMDA) has implemented the Pan-European Public Procurement On-Line (PEPPOL) E-invoicing standard. Simply put, this standard generates invoices that contains structured data; data that is in a particular format so that it can be processed automatically. With PEPPOL, this comes in EDI – electronic data interchange format. The result is your invoice arrives in a format that’s immediately ready to be processed for payment, with no need for any details to be keyed in all over again.
“Without an invoice, businesses do not get paid. But invoicing can be very tedious and manual,
with many inherent errors. E-invoicing can change that.”
– Dr Yaacob Ibrahim, Minister for Communications and Information (MCI)
Benefits of E-Invoicing
With E-invoicing, your organisation enjoys
Getting Paid Faster
Accelerate invoice creation and distribution. Invoices can be received and processed faster.
Better Cash Flow
Immediate delivery of invoices shortens the time to payment and thus improves cash flow.
Better Efficiency
Automated invoicing processes reduce human error & time, and enhance data integrity & accuracy.
Seamless International Transaction
Send E-Invoices seamlessly to overseas partners.
Costs Reduction
Eliminating paper invoices reduces business costs on storage and retrieval.
Being Eco-Friendly
E-Invoicing reduces the use of paper and helps the environment to reduce carbon footprint.
ABSS Premier with InvoiceNow via Peppol network
As a Peppol Ready Solution Provider, 01 Business Solutions Pte Ltd can help your business improve efficiency, reduce cost, enjoy faster payment cycles and transact internationally seamlessly via the Peppol Network.
Enjoy up to 70% Government Subsidy to implement ABSS Premier software package. And get trained by Chartered Accountant.
Pre-approved digital solutions
Pre-approved solution provider
01 Business Solutions Pte Ltd is a Certified ABSS Professional Partner and had been MYOB Professional Partner award winners for the past consecutive years since 2008.
Managed by a Chartered Accountant with more than 25 years of experience, 01 BUSINESS SOLUTIONS PTE LTD had helped many SMEs to setup accounting systems. We had earned the trust of our customers providing accounting solutions to businesses with the award-wining ABSS (f,k,a, MYOB) accounting software. Like our clients, you can benefit from our expertise & assistance, and the product capability to help you manage & control your business operations more efficiently. With us you can be rest assured of a smooth implementation with full support and immediate result.
And with our track record and experience as pre-qualified integrated solution provider under the PSG, ICV and iSPRINT funding scheme, you can look forward to a hassle-free process.
To apply
Locally registered Singapore SMEs with a minimum of 30% local shareholding (and operating in Singapore) can apply for Productivity Solutions Grant (PSG) funding of up to 70% to implement pre-qualified solutions by pre-qualified vendor.
Interested SME will first need to get a Quotation from 01 Business Solutions Pte Ltd (pre-approved vendor). And then submit an online application via the Business Grant Portal (BGP).
Contact us
To request for a quotation or more information, you may contact us at
Tel: 6220 3306
Email: PSG@01BusinessSolutions.com
