Discover ITG and NetSuite's InvoiceNow Integration
Don't miss out! Get up to
S$70,000 from IMDA
For adopting and using InvoiceNow's secure and efficient e-invoicing platform.
Maintaining a healthy cash flow is crucial for all businesses, and effective invoicing plays a key role in achieving this goal. Enter InvoiceNow, introduced nationwide by the Infocomm Media Development Authority (IMDA) in January 2019. This initiative, adopting the Peppol framework, revolutionises invoice management and transmission, expediting processes and enabling faster payments.
Now, envision supercharging the advantages of InvoiceNow with ITG, we aim to help businesses in Singapore with the implementation of e-invoicing in the nation by streamlining and automating various processes related to invoicing and payment.
- Automating invoicing processes: Automate your invoicing workflows, ensuring that invoices are sent accurately and on time, leading to faster payments and improved cash flow.
- Integration with InvoiceNow: ITG provides Peppol-ready solution certified by IMDA that can be seamlessly integrated with InvoiceNow, enabling businesses to process e-invoices more efficiently, reduce business costs, seamlessly execute purchase orders, and maintain a balanced ledger.
- Efficient finance operations: ITG’s solution aim to help businesses achieve more efficient finance operations by minimising tedious and time-consuming manual processes. By eliminating paper-based invoicing transactions, businesses can reduce costs and improve efficiency
- Streamlining payment processes: Automate payment processes, reduce complexity, improve efficiency, and facilitate international transactions with Workato for cost reduction and an enhanced overall invoicing experience.
- Real-time visibility: ITG’s solution enables seamless connection across all departments, turning invoice management from a tedious back-office function to a strategic one. This eliminates time-consuming manual billing and collections processes, improving collaboration between the buyer, seller, and accounts payable.
Getting started with InvoiceNow
The IMDA has launched a series of grants to promote the adoption of InvoiceNow e-invoicing network.
- E-Invoicing Registration Grant (ERG): This one-time grant of S$200 is provided by IMDA. It aims to encourage all organisations to join the Nationwide E-invoicing Network, which businesses can benefit from improved efficiency, reduced cost, and timely payments. This grant is applicable for businesses that are valid, active, and registered in Singapore on or before March 25, 2020
- Large Enterprise E-Invoicing Grant: This S$70,000 grant is for large businesses that connect and transact on InvoiceNow.
- InvoiceNow Transaction Bonus: This bonus is available for all businesses on the network for sending 10 e-invoices on InvoiceNow within 12 months from the first e-invoice. Businesses can receive a bonus of S$200 upon meeting this criteria.
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