In the F&B industry, many of us have been through that terrible phase of managing physical invoices every month. However, there is good news; IMDA has launched a nationwide e-invoicing initiative called InvoiceNow, and you can send/receive e-invoices using this method on Zeemart!
This new system enables businesses to send out e-invoices via the open standard Peppol network. We at Zeemart serve as a Peppol-ready Solution Provider for anyone keen on signing up for this program. To help get you started, a new scheme from IMDA even provides businesses with a $200 grant just by signing up before 31 December 2020. CLICK HERE to find out more about it.
So, what are the benefits of InvoiceNow?
1. Streamlined processing InvoiceNow reduces the risk of human errors and time spent on manual invoicing. By issuing and receiving invoices digitally, all on one platform, everything becomes more streamlined and organised.
2. Faster payment Go from invoices to payment in a snap! InvoiceNow allows immediate transactions and cash flow without the need for physical tabs. In other words, you do not need to waste precious time mailing out paper invoices.
3. Environmentally-friendly All of us would know how much paper manufacturing negatively impacts the environment. Let us make the world a better place by going digital. Not only do we save mother nature, but we benefit from carrying out smoother transactions too.
4. Reduced cost
Similarly, you can cut down the costs of purchasing paper to make physical invoices. With InvoiceNow, you will not need to produce hard-copy invoices ever again. Instead, you can set aside more money to boost the essential parts of your business, such as advertising and more.
“We have seen an exponential increase in businesses coming onboard e-invoicing. Today, there are about 25,000 companies on InvoiceNow.” - Ms Jane Lim, Assistant Chief Executive, IMDA
Now that I know the benefits of InvoiceNow, how can I use it on Zeemart?