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Get Faster Payments With InvoiceSenz
Enables trading partners to exchange standards-based electronic documents over the Peppol network with InvoiceSenz. It directly transmits invoices in a structured digital format from one finance system to another using the Nationwide E-delivery network based on Peppol.
Key Benefits of InvoiceSenz
Your single solution will route your invoicing. Enjoy smoother invoicing and faster payments without any manual paperwork. Singapore is the first country in Asia to adopt an electronic invoicing standard called Peppol. Australia and New Zealand have joined, and other countries like Malaysia, Vietnam, and Thailand will soon follow.
Faster Payment Cycles
InvoiceSenz helps to ensure that invoices are efficiently sent out in suppliers’ systems and then received, captured, and processed more quickly at buyers’ systems, thus speeding up payment. The faster payment is a result of faster processing.
Reduced Complexity
Just as PayNow is a UEN-based e-payment, InvoiceNow is also a UEN-based e-invoicing, by using the same underlying UEN, Invoice to payment processing can be further simplified.
Improve Efficiency
Paper and PDF invoices require finance or accounting staff on both sides to key and rekey data into electronic systems. This process of data entry leads to human error. An error-prone manual process is avoided with e-invoicing.
InvoiceSenz Features & Capabilities
Electronic Transmission
Invoices are transmitted electronically, rather than being sent on paper. This can save time and reduce the chance of errors.
Standardization
Peppol uses standardized formats and protocols for the electronic exchange of invoices. This allows businesses that use different software systems to communicate with one another.
Increased Automation
By using e-invoicing, businesses can automate many of the steps involved in the invoice process, such as data entry, processing, and reconciliation.
Increased Visibility
With e-invoicing, businesses can track the status of invoices in real time, making it easier to manage the invoice process.
Cost Savings
E-invoicing can save businesses money by reducing the need for paper, postage, and other expenses associated with paper invoicing.
Security
E-invoicing has the capability to have secure communication such as encryption and digital signatures which can increase data privacy and integrity.
Compliance
Some countries have implemented regulations requiring e-invoicing, so businesses must comply with these regulations to avoid penalties.
InvoiceSenz – Helping You Exchange Invoices via a Single Network
E-invoicing has the potential to enable supply-chain financing
in near-real-time, facilitating greater efficiency and transparency that could increase working capital and liquidity. InvoiceSenz is on Peppol, it allows companies and organizations to exchange invoices via a single network while being flexible on how to connect to this network.
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