Electronic invoicing (E-Invoicing) is the automated creation, exchange and processing of 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 contains structured data; data that is in a particular format so that invoice processing is automatic. 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. nationwide e invoicing initiative also eliminates invoices using paper which reduces business expenses & help with faster payment cycles.

Register and connect to the Peppol network with your business UEN. * To register, users are required to complete the registration form on the CONNECT app, and provide consent to StoreCove (ABSS designated access point provider).

Register and connect to the Peppol network with your business UEN.
* To register, users are required to complete the registration form on the CONNECT app, and provide consent to StoreCove (ABSS designated access point provider).