IMDA has implemented the nationwide E-Invoicing network on 9 January 2019 with certified Access Points and Solution Providers offering services to help businesses improve efficiency, reduce cost, enjoy faster payment cycles, access to new financing options and build a strong foundation for digitalisation. This network is an extension of the International Peppol E-Delivery Network allowing our enterprises to transact internationally with other linked companies.
Electronic invoicing or E-Invoicing allows direct transmission of invoices in structured digital format from one finance system to another resulting in faster payment.
From 20 January 2020, suppliers to the Singapore Government will have an additional channel to submit e-invoices via the Nationwide E-invoicing Network. Suppliers are encouraged to submit e-invoices to the Government agencies via this network. The Accountant-General’s Department (AGD) has prepared a guide that explains how you may do so, and the requirements to comply with. Please click here (795.80KB) for the guide.
More questions? Feel free to try out Ask Jaime on our website.
E-Invoicing Business Briefing 6
Date: Thu, 27 Feb 2020
Time: 4.00pm – 5.30pm
Venue: Mapletree Business City Townhall (Auditorium)
Address: 10 Pasir Panjang Road, Singapore 117438
Kindly register here before 26 Feb 2020.
Benefits of E-Invoicing
How to participate in the Peppol Network?
Businesses can get connected to the network through certified Access Point providers or Peppol Ready Solution Providers (such as ERP or Accounting solutions on the cloud) with solutions already connected to the network.
Lightweight Systems are low cost (under $40/mth) web-based facility for users to create, send and receive e-invoices.
For organisation with substantive influence over a business network (min. 500 businesses, aggregate of customers and suppliers organisations) may qualify for the Chain-Leader grant. Interested parties who wish to apply for the Chain-Leader grant will need to fill in the attached pre-qualification form (146.45KB).
Businesses will likely connect to the network in one of the three common scenarios above.
Peppol Ready Service Providers
As of 20 Jan 2020
IMDA will continue to have more Solution Providers connected to the network. If you do not see the Solution Provider you are currently using in the list, do enquire with them on their E-Invoicing capabilities and connectivity to the National E-Invoicing Network.
Access Point refers to a service to help business solutions connect to the Peppol network.
Peppol Ready Solutions are solutions such as (for example) Accounting (AR and/or AP), ERP and SCM which are connected to the Peppol network where business users can initiate an e-invoice using Peppol E-Delivery.
Peppol Ready Solutions provider need to meet a set of mandatory criteria in order to be listed under the current providers list.
Contact details for Peppol Ready Solutions provider can be found here (574.38KB).