Unleash the Power of InvoiceNow in Singapore
We Are Your IMDA-accredited Peppol Access Point partner
In 2018, Singapore’s Infocomm Media Development Authority (IMDA) launched InvoiceNow. A nationwide e-invoicing network built on the Peppol framework. This revolutionary system automates invoice exchange, eliminating manual work and accelerating payments.
We are a trusted IMDA-accredited InvoiceNow Peppol solution provider.
We offer a seamless approach to implementing InvoiceNow, helping you:
- Boost Payment Speed. Get paid faster with automated end to end invoicing. This eliminates delays associated with processing paper and PDF invoices.
- Reduce Costs. Streamline your accounts payable and receivable processes. Our InvoiceNow solution can save you time spent on manual data entry and checks.
- Enhance Efficiency. Automate invoice workflows and end the need for manual processes. This can free up your team to focus on core business activities.
- Simplify Compliance. Our solution adheres to all Singaporean e-invoicing regulations. This ensures your transactions are compliant with tax reporting and VAT requirements.
- Global Reach. Connect and transact with a vast network of businesses worldwide. Once connected to the Peppol network you can do business with everyone in the network.
Why Choose Us to Get You Started With InvoiceNow in Singapore?
We are the perfect partner for businesses to get connected to the Peppol Network. Here’s why:
Singapore InvoiceNow Peppol Experts
We house some of the world's leading e-invoicing practitioners. Our team has deep knowledge in two key areas. A deep understanding of the InvoiceNow Peppol Network and how it works. Coupled with an extensive experience in implementing e-invoicing in the Singaporean business environment. These combined ensure a smooth transition for your business.
Works with any system
You don't need to change your existing software. Our InvoiceNow Peppol Access point is software agnostic. This means we can work with any platform or legacy system that you have in place.
Track your invoices
Track the status of your invoices in real-time through our online portal. Keep on top of your invoice processing with reports of all your processed invoices.
Future-proof
Our solution is built to adapt to future e-invoicing requirements. We keep on top of the changes in technology so you will always stay ahead of the game.
Cost-effective
We offer a subscription-based model with a one-time fee for setup.
Proven Track Record.
Our secure eInvoicing platform has processed over $3 billion of invoices across 85,000 suppliers.
Government-Certified eInvoicing Solutions
We are a certified Peppol Access Point provider in Australia, New Zealand, Singapore, Japan and Malaysia.
Trusted by leading
businesses across the region
We are Source to Pay and Procure to Pay automation experts with over 30 years experience across our team and have been trusted partners to a number of leading organisations across APAC.
Real Results with Valtatech
“Valtatech’s cloud-based e-invoicing technology enabled a smooth implementation with minimal disruption, empowering our teams to focus on core activities.”
Ms. AnnaHead of Finance
Cost per invoice
21%
Decrease
Manual data entry time
73%
Reduced
Driving compliance with eInvoicing standards whilst freeing up resources for more strategic tasks
How Does InvoiceNow Work?
FAQ
InvoiceNow is a system that sends electronic invoices directly between finance systems. All transactions are sent using the nationwide network based on Peppol. This enables quick and automated invoicing. Resulting in reduced processing time and eliminating manual work for businesses.
InvoiceNow is built to empower businesses with smarter, faster, and more efficient invoicing. By adopting InvoiceNow, businesses can unlock a range of powerful benefits, including:
- Simplicity
- Efficiency
- Reliability
- Faster GST processes
- Reduce errors and increased accuracy
- Streamlines dispute management
- Enhanced transparency and payment reliability
- Cost reduction and environmental benefits
Peppol is a global network and a standard form of electronic data interchange (EDI). It enables enterprises to digitally transact with other connected companies on the network. Singapore became the first Peppol Authority outside of Europe. There are now over 60,000 Singaporean businesses connected to the Peppol Network.
IMDA is the Peppol Authority responsible for overseeing Peppol across Singapore . This includes areas like the definition of domestic rules and governance of the network. IMDA are responsible for ensuring conformance of standards, and approving InvoiceNow service providers.
Singapore GST-registered businesses will be required to use InvoiceNow-Ready Solutions to send invoice data directly to IRAS for tax administration.
- Soft Launch: Beginning 1st May 2025, non-mandatory participation for existing GST registered businesses and businesses applying for GST registration on or after 1st May 2025.
- Registration Required: From 1st November 2025, companies incorporated within six months of GST registration application must implement GST InvoiceNow.
- Voluntary GST Registration: From 1st April 2026, any business applying for voluntary GST registration must implement the GST InvoiceNow requirement.
- Future Plans: Plans to progressively extend mandatory participation to new compulsory GST registrants and remaining GST registered businesses.
GST InvoiceNow Ready solutions connect to IRAS through access point such as Valtatech Access Point. This connection enables the transmission of invoice data to IRAS via API.
IRAS receives a copy of the data in two scenarios.
- Whenever businesses issue or receive invoices via the InvoiceNow network
- Whenever businesses record other invoices into the InvoiceNow Ready solutions
- Yes. You would still need to transmit invoice data from point of sale (POS) systems to IRAS. This falls under the type 2 submission where the customer is not on the InvoiceNow network or transactions are made using point of sale systems or simplified tax invoices are issued.
- You would need an InvoiceNow Ready solution to transmit the data to IRAS. The solution extracted invoice is submitted to your access point (eg. Valtatech’s Peppol Access Point) which then transmits the solution extracted invoice to IRAS.
The types of invoice data to be transmitted consist of transactions reported in the GST return are
- Standard rated supplies
- Zero rated supplies
- Exempt supplies
- Standard rated purchases
- Zero rated purchases
Certain invoice data does not need to be transmitted to IRIS are
- Transactions not reported in the GST return, such as out of scope supplies and non reportable purchases.
- Non reportable purchases include purchases from non GST registered suppliers and disallowed input tax claims.
- Transactions that have no underlying supplies or purchases but are reported solely for GST purposes, such as deemed supplies.
- Value and timing of the invoice data to be submitted to IRAs are difficult to determine as seen in the supplies of financial services.
Businesses may opt to transmit invoiced data for all their transactions, including those that are not required if doing so eases their compliance burden. Such businesses should work with their IRSPs if applicable or APs to enable this.
If it may not be feasible for you to submit certain invoice data on a transactional basis, you can choose to aggregate these transactions on a regular basis before transmitting to IRAS.
- Supplies made by a port point of sale or POS systems
- Supplies where simplified tax invoices are issued even if they are not generated from POS systems
- Petty cash purchases
The four types of submissions of invoice data to IRAS are:
- Type 1A: Sale transaction made by the supplier within the InvoiceNow network where both the GST registered supplier and customer are connected to IRAS via the InvoiceNow network (PEPPOL submission method).
- Type 1B: Corresponding purchase transaction received by the customer within the InvoiceNow network (Solution extracted submission method).
- Type 2: Customer is not on the InvoiceNow network or transactions are made using point of sale systems or simplified tax invoices are issued (Solution Extracted invoice).
- Type 3: Purchase transaction made outside the InvoiceNow network (Solution Extracted invoice).
How can InvoiceNow Peppol Help Your Business?
When implemented with the right partner, InvoiceNow can help your business overcome:
Drive Automation With All Your Suppliers
Forget the hassle of individual supplier connections. With our solution, you connect once and gain access to the entire Peppol network. We know some of your suppliers might not be connected. We can guide them through the process with a range of options. This ensures you can enjoy the benefits of e-invoicing with all your suppliers.
Boost Efficiency, Slash Costs
Say goodbye to manual data entry, lost invoices, and chasing missing information. eInvoicing automates the entire process, freeing your team for more strategic tasks. Our clients have seen invoice processing costs plummet by 21% to 66%.
Combat Invoice Fraud
Worried about fake invoices? Our secure system automatically verifies sender identities and bank account details. The Peppol network itself adds another layer of security. Our systems must meet stringent security protocols, like ISO27001 standards. This covers things like – intrusion prevention, multi-factor authentication and data encryption.
Unlock Faster Payments
Late invoice payments can strangle your cash flow. eInvoicing eliminates the risk of lost invoices slowing down the process. Buyers benefit too, as they don’t miss out on early payment discounts due to delays.
How Can Valtatech Get Me Started With InvoiceNow?
We'll guide you through every step to ensure a smooth and speedy onboarding process. Here's what to expect:
Quick Start
Establish our partnership and sign a non-disclosure agreement (NDA).
Requirements Analysis
We’ll work closely with you to understand your specific needs.
Process Mapping
We’ll analyse your current processes and tailor our e-invoicing solution to fit seamlessly.
Implementation
Our team will handle the setup, testing and implementation. We’ll get your e-invoicing solution up and running in no time at all.
