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Am8ze / InvoiceNow

INVOICENOW

Why is PEPPOL important?

 

Manual invoicing, whether on paper or pdf will always be prone to errors and delays. This is why in 2018, the Singaporean government decided to implement electronic invoicing nationwide using PEPPOL infrastructure. For businesses, this means faster payments, less administrative work, and no misplaced or mishandled documents. The onboarding process is easy.

What is InvoiceNow?

Electronic invoicing (E-Invoicing) is the automated creation, exchange and processing of the 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 contain 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.

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Benefits of E-Invoicing

Get 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.

Improve Efficiency

 

Automated invoicing processes reduces human error and time, at the same time increases accuracy.

Reduce Costs

 

Eliminating paper invoices reduces business costs in storage and retrieval.

How to set up Peppol InvoiceNow in AM8ZE

Step 1: SUBSCRIBE

Subscribe to AM8ZE Finance Management Solution.

Please skip this step if you have an active AM8ZE Finance Management subscription

Step 2: LOGIN

Login to AM8ZE Finance Management Solution

Under Setting > Company > Action > Register InvoiceNow

Step 3: REGISTRATION

Receive a confirmation email within days upon successful registration and your company’s UEN will be registered with PEPPOL network.

InvoiceNow

User Guide on Peppol InvoiceNow in AM8ZE

Download User Guide