E-invoicing: A Cutting-edge, Automated Solution for your Organisation
You can experience the future of invoicing with LinkFor!
An e-invoice is...
An electronically generated and transmitted document that enables direct information exchange between the buyers’ and suppliers’ Accounting systems.
E-invoicing eliminates the necessity to print and send paper-based invoices or scan and send them via emails or emailing PDF invoices. You can also avoid the need to manually input information into your Accounting systems. Simply put,
e-invoicing is the future way of doing business.
- Fully automatic, transferable between systems
- No printing/scanning requirements
- No need to email PDFs
Why Choose E-invoicing?
Every organisation deals with invoices irrelevant of whether they belong to the public or the private sector. In each organisation, there is always someone responsible for taking data from an invoice and manually inserting it into an Accounting system. With e-invoicing , you no longer need to do that!
E-invoicing automates the procurement process, swiftly delivering invoices exactly where they need to go – without the need to use emails, PDFs or scanning tools. Just like how email has replaced traditional mails, e-invoicing is replacing traditional invoicing.
E-invoicing is way safer and more efficient than sending an invoice by email or attaching a PDF. Exchanging invoices via the InvoiceNow e-invoicing network eliminates the threat of cyber email attacks and email frauds like payment redirection scams.
E-invoicing also presents small and medium businesses (SMEs) with the opportunity to streamline their Accounts Payable and Accounts Receivable processes resulting in:
- Saving the business owner's time by removing the manual processes involved in invoicing.
- Reducing costs for the business through the reduction of staff overhead costs.
E-invoicing is supported by the Singapore Government
The Singapore Government has not made e-invoicing mandatory. However, they have started to heavily encourage government entities of all levels as well as private sector entities to become e-invoicing ready through a carefully incentivised programme.
The Infocomm Media Development Authority (IMDA) is the Peppol Authority for Singapore and any entity that plans to join e-invoicing can now join the InvoiceNow (Peppol) network to connect locally as well as internationally.
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