Singapore Mandates Nationwide e-Invoicing

Wednesday, July 10, 2019

Singapore Mandates Nationwide e-Invoicing

Basware customers are fully compliant with local regulations when sending and receiving invoices

Espoo, Finland, July 10, 2019 – The Singaporean Infocomm Media Development Authority (IMDA) implemented their nationwide E-Invoicing framework across Singapore at the beginning of this year.

Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has been engaged with the Singapore IMDA since early 2018 and is a leading PEPPOL provider, as well as an advisor on PEPPOL adoption across the region. The company has been approved by the IMDA and is fully operational as a certified access point. This means that Basware’s customers and their suppliers can confidently conduct e-invoicing in Singapore in accordance with defined and required formats.

It is anticipated that the work in Singapore will become a benchmark for other markets in APAC, including Australia and New Zealand. As one of the region’s first certified e-invoicing providers, Basware is heavily involved in implementing PEPPOL in these markets.

“Basware is at the forefront of ensuring compliance with e-invoice frameworks such as PEPPOL all over the world. The adoption of structured e-invoicing frameworks is a necessary component for more efficient commerce,” says Michael Pyliotis, Vice President, APAC at Basware.

“Our solutions and services help businesses improve efficiency, reduce costs, enjoy faster payment cycles, gain access to new financing options and build a strong foundation for digitalisation,“ he continues.

To find out more about how to prepare for PEPPOL in Australia and New Zealand by joining the Basware Network read this blog post.

Look for further details about the e-invoicing framework in Singapore here.

For more information, please contact:

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