Connect, Transact & Be Rewarded when you use InvoiceNow!

The nationwide E-invoicing initiative has seen good traction with more than 50,000 businesses connected on the InvoiceNow network. To accelerate adoption so that businesses on the network can get more benefits, IMDA has introduced the following incentives, including available grants:

About

A $200 bonus for all businesses on the network for sending 10 e-invoices on InvoiceNow.

Eligibility criteria

• Applicable to businesses who have valid and active business UENs excluding the entity types listed below.
• Businesses who send a total of 10 e-invoices on the network within 12 months from the 1st e-invoice will receive a bonus payout of $200.
• Send 1^st e-invoice: receive $50;
• Send remaining 9 e-invoices: receive another $150;

Steps

1. Complete a one-time registration at this form to receive payout status and other InvoiceNow related matters from IMDA: www.go.gov.sg/register-itb
2. Find your business customers on the SG Peppol Directory and retrieve their Peppol ID information (www.peppoldirectory.sg).
3. Send an e-invoice directly from your solution to your business customer on the network.
4. Receive your bonus via PayNow Corporate, no claim is required.

If you are not on InvoiceNow today, join the network with an IMDA-approved InvoiceNow-ready Service Provider: www.go.gov.sg/einvoice-solutions and www.go.gov.sg/imda-ap 
There are also free solutions available here: www.go.gov.sg/einvoice-free

Terms & conditions

Refer to the terms and conditions here (174.68KB).

FAQs

Have questions on ITB? You might find the answers in our ITB FAQ here (121.68KB).

Deadline for claim submission

All claim submissions for LEAD Connect grant must be received by 31 October 2024 through the claim form: https://go.gov.sg/submitleadconnect after completing integration to the InvoiceNow network with own finance/ERP solution.

About LEAD Connect

A $30k fixed grant applicable to large enterprises with their own finance/ ERP solution.

Eligibility criteria

• Applicable to enterprises who have valid and active business UENs excluding the entity types listed below.
• Enterprises who complete integration to the InvoiceNow network with their own finance/ERP solution within 12 months from the start of the work will qualify for the grant.
• Entity has a minimum of 200 business counterparties (aggregate of suppliers and customers).
  1. Generally, counterparties are business entities with whom the claimant has direct transactions with (e.g. Counterparty B sends invoice to Claimant A or Claimant A sends invoice to Counterparty B) and have at least 1 invoice transaction with each of the UEN in the past 24 months. IMDA reserves the right to request for addition supporting documents on the list of business counterparties and the transactions with the claimants.
  2. The business counterparties should be live business entities.
• Entity has its own ERP/finance solution which requires to connect to the InvoiceNow network with the help of Access Point providers.
• The start of the work should be after 1 November 2022.

Steps

1. Register interest at this form to receive help from IMDA on planning and meeting eligibility criteria: www.go.gov.sg/register-leadgrant
2. Submit supporting document such as contract/agreement between the enterprise and your vendor(s) showing the work started after 1 Nov 2022, supplementary artefacts showing activities (e.g. data mapping, data transformation, system integration and testing), and list of business partner UENs.
3. Complete the claim form here: www.go.gov.sg/submitleadconnect
4. Grant will be disbursed directly to the enterprise through PayNow Corporate.

Terms & conditions

Refer to the terms and conditions here (175.09KB).

About LEAD Transact Grant

Up to a $40k grant by IMDA applies to large enterprises that meet the minimum number of transacting business partners on the InvoiceNow network.

Eligibility criteria

• Applicable to enterprises who have valid and active business UENs excluding the entity types listed below.
• Enterprises who are able to meet the minimum transaction tier, (i.e. transacting with 25 UENs as buyer and/or 250 UENs as biller).
• Enterprise can receive incentives as both Buyer and Biller.
• Funding period is 12 months starting from the first claim submission by the enterprise. The starting dates for the enterprise as Buyer and Biller can be different.
• Billers receiving LEAD Transact Grant will not be eligible for InvoiceNow Transaction Bonus.
• The Buyer’s and Biller’s counterparties in the claim will be considered ONLY if they have not been listed as counterparties in LEAD Transact claims by other earlier claimants.

Please refer to the table below for the transaction tiers and corresponding pay-outs:

Steps

1. Register interest at this form to receive help from IMDA on planning and meeting eligibility criteria: www.go.gov.sg/register-leadgrant
2. Submit claim form showing list of transacting counter parties here: www.go.gov.sg/submitleadtransact
3. Grant will be disbursed directly to the enterprise through PayNow Corporate.

Terms & conditions

Refer to the terms and conditions here (175.08KB).

FAQs

Have questions on the IMDA LEAD Connect & Transact Grant? You might find the answers in our LEAD Grant FAQ here (158.49KB).