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MSC_InvoiceNowSG

by MSC-Consulting

Facilitating the direct transmission of invoices in a structured digital format between suppliers'

InvoiceNow is a nationwide e-invoicing initiative launched by the Infocomm Media Development Authority (IMDA) in Singapore. It aims to streamline invoicing processes for businesses by facilitating the direct transmission of invoices in a structured digital format between suppliers' and buyers' financial systems. This initiative helps improve productivity and cash flow by reducing the need for manual data entry and processing. Overall, InvoiceNow is part of Singapore's broader efforts to promote digitalization and enhance business efficiency.
It aims to facilitate e-invoicing among businesses to improve efficiency, reduce costs, and enhance productivity.

InvoiceNow leverages the Peppol e-invoicing network, allowing businesses to send and receive invoices electronically in a standardized format. This initiative is part of Singapore's broader efforts to promote the adoption of digital solutions in business transactions.

At a glance

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