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 it can be processed automatically. 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.
“Without an invoice, businesses do not get paid. But invoicing can be very tedious and manual, with many inherent errors. E-invoicing can change that.” - Dr Yaacob Ibrahim, Minister for Communications and Information (MCI)
"How" to send/receiveE-Invoices using ABSS Premier"
Where can I find mybusiness partner's Peppol ID to send E-Invoices?
