InvoiceNow (PEPPOL E-Invoicing)
Fast & Seamless Payment
InvoiceNow saves you time by simplifying and smoothing the process of sending and receiving invoices through your finance or accounting system. The ability to accept e-payments with PayNow is the main benefit for SMEs who use InvoiceNow.
Even if the sending and receiving ends are using different accounting systems, InvoiceNow will still work as long as both accounting systems comply with the international Peppol standards. And many reputable and reliable accounting systems worldwide today are already on the Peppol network.
InvoiceNow + Sage 300
E-Invoice
Reduce errors and time spent on manual invoicing.Faster Payments
Validate e-invoices by unique UENs. Send/receive payments across financial systems.Go Green. Save Costs.
E-invoicing is paperless, eco-friendly. No printing costs.Success Story...
SIT, Singapore's first University of Applied Learning, leverages InvoiceNow to enhance invoice accuracy and efficiency, enabling faster payments and stronger vendor relationships. By adopting e-invoicing, SIT reduces errors, goes paperless, and supports its transition to the new Punggol Campus in 2024.
InvoiceNow empowers companies of all sizes with seamless invoicing, faster digital payments, and a more sustainable approach to business.
GST-registered Businesses
InvoiceNow will be a requirement for GST-registered businesses. Businesses will be required to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network. This requirement will be implemented progressively:
Lead Time for Compliance
To allow businesses sufficient lead time to prepare, the GST InvoiceNow Requirement will be implemented progressively as follows:
- From 1 May 2025: For voluntary early adoption by GST-registered businesses, as a soft launch.
- From 1 Nov 2025: For newly incorporated companies that register for GST voluntarily.
- From 1 Apr 2026: For all new voluntary GST-registrants.
InvoiceNow for Government Vendors
Approximately 50% of government vendors are now registered on the InvoiceNow network. Vendors who have not yet joined are encouraged to register as soon as possible because InvoiceNow will be the default e-invoice submission channel for all Government vendors within the next few years.
How to Implement InvoiceNow
Connecting to InvoiceNow is simple and may not require changes to your existing accounting or finance system.
For SMEs with an existing accounting or finance solution
Step 1: Check if your finance or accounting solution is Peppol-ready and listed on IMDA’s pre-approved e-invoicing solution provider list.
Step 2: Get your Peppol-ready e-invoicing solution provider to activate the InvoiceNow feature on your existing solution.
Step 3: You are ready to InvoiceNow! Send and receive invoices directly through your finance or accounting system.
For large enterprises
Get in touch with an IMDA pre-approved Access Point Provider to help you connect to the Peppol Network.
For newly incorporated businesses (InvoiceNow Accelerate)
InvoiceNow Accelerate is a newly launched programme in April 2024 to provide newly incorporated businesses a head-start in their digitalisation journey with one year of free InvoiceNow services.
The programme supports the growth of these businesses* by equipping them with basic digital tools in e-invoicing from the onset. They will be able to enjoy all the benefits of using InvoiceNow services, which include streamlining invoice processing, accelerating payment cycles and reducing paper usage.
Starting from Apr 2024, newly incorporated businesses (with their Corppass activated from 1 Apr 2024 onwards) will receive a notification from IMDA where they can subscribe for complimentary InvoiceNow services for one-year from a list of selected InvoiceNow Accelerate Solution Providers.
*Business registered with ACRA and Local companies registered with ACRA.
For government vendors (SME)
Step 1: Check the list of InvoiceNow solutions on IMDA’s website supporting Accountant-General Department (AGD) requirements to know if your current finance or accounting solution is listed.
Step 2: Approach your solution provider to activate the InvoiceNow feature on your existing solution.
Step 3: Refer to the guides from your solution provider on how you can send an e-invoice via InvoiceNow to AGD directly from your finance or accounting system.
For government vendors (large enterprises)
Approach an IMDA pre-approved Access Point Provider to help you get connected to the Peppol Network.