Streamlining Business Efficiency: Benefits of InvoiceNow in Singapore

Published by Beaufort.SG

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In 2019, the Singaporean government launched a nationwide e-invoicing network, which has since been renamed InvoiceNow, to improve business efficiency and reduce costs. Today, the InvoiceNow network offers grants for businesses that align with government initiatives to accelerate e-invoicing adoption using the Peppol network.

What is InvoiceNow?

InvoiceNow, previously known as e-invoicing, is the process of sending and receiving invoices electronically. It automates invoicing processes, from creating, sending invoices to receiving invoices for faster payments, and offers businesses a way to streamline administrative tasks and save time.

Benefits of InvoiceNow

Speed and Efficiency

With InvoiceNow, businesses can create and send invoices in a matter of minutes, rather than spending hours or even days manually issuing, recording, and sending paper invoices. The process is more accurate, with less chance of errors or delays due to manual processing. This means faster payments, improved cash flow, and more time to focus on business growth.

Payment Processing

InvoiceNow allows customers to pay their invoices online, without manual processing or mailing of checks. This means faster payments and fewer delays, improving cash flow and reducing time spent on following up on late payments.

Environmental Impact

InvoiceNow reduces the need for paper invoices and mailing, reducing the business’s environmental impact.

Accuracy and Centralization

InvoiceNow improves invoicing accuracy, with less chance of errors or omissions. With InvoiceNow ready, XERO software, businesses can easily track and manage invoices from creation to payment in one centralized location.


InvoiceNow is a valuable tool for businesses looking to save time and streamline invoicing processes. With its speed, accuracy, and efficiency, InvoiceNow can help businesses get paid faster, reduce administrative burden, and focus on growth. Switch to InvoiceNow ready XERO software today and enjoy the benefits.

Apply Now, Pay Later

Businesses can apply for grants to accelerate InvoiceNow adoption using the Peppol network by aligning with the Singaporean government’s initiatives. To learn more, contact us at WhatsApp +65 8822 XERO (9376).

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