WHAT IS NATIONWIDE E-INVOICING NETWORK

IMDA implemented the nationwide E-invoicing network in 2019 to help businesses improve efficiency, reduce cost, enjoy faster payment and stay green at them same time. This network is an extension of the International Peppol E-Delivery Network allowing businesses to transact internationally with other linked companies.

Peppol Electronic invoicing (or E-invoicing) is the ability to send an invoice digitallybetween the accounting systems of business suppliers and buyers. Unlike sending aPDF file or online invoice via email, the invoice is automatically sent to a buyer’saccounting system through a secure network. So there’s no need for the business tomanually handle the invoice. It also works if the two accounting systems aredifferent, because an international standard (Peppol) allows these systems to ‘speakto each other.

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