HOW DOES PEPPOL E-INVOICING HELP YOUR BUSINESS?

Businesses are encouraged to adopt PEPPOL e-invoicing initiative which will standardise the format of invoices and will benefit from:

Easy information retrieval

No more lost emails or hard copies. Peppol e-invoicing will ensure delivery straight to other party’s system.

Work internationally 

with other businesses that are also registered on the platform, allowing business outreach.

Get paid faster

Enjoy faster payment cycles when you make it easier for customers to pay you with all relevant information readily available.

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FREQUENTLY ASKED QUESTIONS


InvoiceNow allows direct transmission of invoices in structured digital format from one finance system to another using the Nationwide E-delivery network which is based on Peppol, allowing for the invoice to be flipped to E-payments such as Paynow directly.



Peppol is an international E-Document delivery network and business document standard form of Electronic Data Interchange (EDI) allowing enterprises to digitally transact with other linked companies on the Network.



Simply go to this page to purchase a Peppol prepaid pack or contact an KNK-IT representative if your monthly requirement is over 100 invoices a month.



In a common business scenario today, an PDF e-invoice is sent to the recipient organisation by email. This is a single-sided operation requiring your recipient to re-enter the details of the invoice into their own accounting system (e.g. accounts payable). A more complete solution should include the transmission of data from supplier system to buyer system without human intervention and potentially allow for the InvoiceNow invoice to be paid seamlessly.



E-invoicing is a safe and secure method to send and receive invoices using an electronic format (e-invoice) instead of paper-based documents.
Transacting e-invoice on the Peppol network will connect the seller and purchaser together. The e-invoice will be sent using an electronic standard and delivered directly to your Peppol registered customers in the network..



KNK-IT customers will benefit from the Peppol e-invoice without any changes to their current process if you are using KNK-IT Account Payable on Demand. For Account Receivable customers, you are eligible to activate the Peppol format and start transacting with other business on the network. To activate this option, please contact your KNK-IT representative by email admin@knkit.com or call +65 6656 3065 +65 8826 8513.



You will receive a monthly report giving you the details of your Peppol e-invoices activity (invoice sent and received). Notification will also be sent if you are close to reaching the limit of your Peppol prepaid pack.



Contact an KNK_IT representative who will help you with a review and other options for large volume transactions. admin@knkit.com or call +65 6656 3065 (tel:+65 8826 8513).



You can receive and send InvoiceNow e-invoices to businesses in other countries as long as they are on the Peppol network.


What is the E-Invoicing Registration Grant?

The E-Invoicing Registration Grant is a one-time $200 grant from IMDA in partnership with ESG to help businesses to digitalise. To qualify, the company needs to be incorporated by 25 March 2020 and registered on the PEPPOL E-Invoicing Network on or before 31 December 2020. Read more about the Terms and Conditions of the E-Invoicing Registration Grant over here.

Are there any additional costs involved to register for the PEPPOL E-Invoicing Network?

All you need is a K&K IT account and complete the Letter of Authorisation below.










I hereby authorise KnK IT Pte Ltd as the Access Point, to register for a PEPPOL identity and undertake the transmission and routing of e-Invoices for and on behalf of my company.

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With our expertise in Singapore Field Service Management software here at K&K, we are confident that our FSM system is the business solution that can best help your company improve beyond the limits of traditional software.

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