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PEPPOL / InvoiceNow

Nationwide E-Invoicing Initiative

Leveraging an e-invoicing network enables businesses to enhance efficiency, lower costs, expedite digital payments, and promote environmental sustainability.

PEPPOL / InvoiceNow Ready within Business Central

Speed up your invoicing process with Microsoft Dynamics Business Central

The Peppol framework allows for a seamless and direct transmission of e-invoices from one finance system to another without human intervention, speeding up the tedious invoice processing which results in faster payment. This greatly reduces the time spent verifying invoices and chasing for payment.

We are proud to annouce that Aristou is offically fully Peppol certified and here to make your business transactions as painless as possible.

 

How e-Invoicing Works on PEPPOL

1) Nationwide e-invoicing network

  • InvoiceNow is a nationwide e-invoicing network that enables companies of all sizes to process invoices in a more efficient manner, reducing business costs and shortening payment cycles. 

 


2) Direct transmission of E-invoices

  • InvoiceNow operates on the open standard Peppol framework, which directly transmits e-invoices in a standard digital format across different finance systems.

 


1) Best suitable for SMEs

  • InvoiceNow will help both Small and Medium Enterprises (SMEs) and Large Enterprises enjoy smoother Invoicing, faster digital payments, and a better way to save the environment.

 


2) Faster invoicing, quicker payment

  • Build trust, deliver timely payments to partners and improve partnerships to create optimal customer user experience.


1) For small & medium enterprises

  • For SMEs with Existing Accounting or Finance Solutions:

    1. Check if your current solution is compatible with Peppol and listed on IMDA’s approved e-invoicing providers

    2. Ask your provider to activate the InvoiceNow feature in your system.

    3. You’re all set! You can now send and receive invoices directly through your system.

 

  • For SMEs Without an Existing Solution:

    You can look into free options that offer basic InvoiceNow features.


2) For Large Enterprises

  • For Large Enterprises:

    Contact an IMDA-approved Access Point Provider to connect to the Peppol Network.

    Also, check out the grants and incentives available to you for connecting your system to InvoiceNow and starting transactions.


1) InvoiceNow for GST-registered businesses

  • On April 15, 2024, the Inland Revenue Authority of Singapore (IRAS) announced a phased adoption of InvoiceNow for GST-registered businesses, known as the GST InvoiceNow Requirement.

  • This initiative aims to streamline the transmission of invoice data to IRAS for GST administration, enhancing productivity, improving compliance, and reducing costs for businesses.

To give businesses enough time to prepare, the GST InvoiceNow Requirement will be rolled out in stages as follows:

 

IRAS will continue to engage with industry partners and review feedback before providing further details for all GST-registered businesses. Businesses can reach out to IRAS or IMDA for support with adopting InvoiceNow. For more information, please visit the IRAS webpage.


2) InvoiceNow for government vendors

  • About 50% of government vendors are now registered on the nationwide e-invoicing network, InvoiceNow. The Government plans to make InvoiceNow the default channel for e-invoice submissions from all registered business vendors in the coming years, eventually replacing the Vendors@Gov portal.

  • Vendors already on the network are strongly encouraged already to start sending e-invoices through this channel, and those not yet registered to join as soon as possible.

  • For more on InvoiceNow Government vendor, click here.


1) From: Sender

  • Create an e-invoice using any of our InvoiceNow-ready ERP solutions, like Microsoft Dynamics 365 Business Central.

  • Instead of downloading the invoice and emailing it separately, you can send it directly through PEPPOL with just one click within Business Central.

 


2) Process: Transfer

  • E-invoice is sent securely through the PEPPOL Network, aka InvoiceNow Network (Singapore) to your chosen recipient. Please ensure that the recipient is registered on PEPPOL network for the process to work.

 


3) To: Recipient

  • Recipient receives the e-invoice directly in their accounting system instead of through email, making it easy for them to approve and process payment to your business.

 


Access the full benefits of InvoiceNow

Precise Accuracy

PEPPOL / InvoiceNow helps cuts down on data errors & costs on the error handling process, as well as preventing fraud.


Strengthens Partner Relationships

Reduced invoicing processing time expedites payments, helping partners maintain good business relationships.


Increases Efficiency and Productivity

Assists in reducing tedious manual processes and payment processing time for improved productivity.


Get Started with Peppol InvoiceNow

Read more about Peppol InvoiceNow here:


Unlock your business’s potential and discover how our PEPPOL and InvoiceNow-ready ERP solutions can accelerate your growth. Schedule your free consultation today and take the first step towards transforming your business!

Contact us at 6974 6863 or fill out this contact form for a free demo now. We look forward to helping you optimize your business processes.