InvoiceNow smoothens your business transactions through seamless e-invoicing - through the nationwide network. It allows you to send and receive e-invoices directly through our accounting software system in a secure manner.
You can even transact seamlessly with other companies that are in the InvoiceNow network locally and abroad.
Peppol only originates from Europe. However, it does work in Singapore and, in fact, is being adopted in several markets besides the European market. In fact, more than 30 countries use Peppol across all continents.
No, there is a difference. Online invoicing refers to either a scanned copy of the invoice or a PDF file sent to the recipient by email. The whole process relies on manual data entry which is always prone to human error.
InvoiceNow is a form of e-invoicing which means that an invoice is created digitally in a supplier’s financial system. It is electronically transmitted via InvoiceNow to the recipient, where it is processed without any human touch. This results in a safer, accurate and more secure transmission of data.
If you are a Sleek accounting customer, InvoiceNow comes with no additional charges!
To sign up for InvoiceNow, the only thing you need is a Xero subscription that you will already have if you are a Sleek accounting customer.
It is necessary to register for InvoiceNow in order to receive e-invoices from suppliers/vendors.
Saying that it is safe would be an understatement. The security and integrity of the data exchanged through the Peppol network is fantastic thanks to encrypted transport that uses SSL and also a Public Key Infrastructure (PKI).
This kind of practice ensures that only parties with valid digital certificates can communicate on the Peppol network.
No, IRAS cannot access invoices under current law regulations. However, you still have to comply with any applicable IRAS tax regulations.