The National E-Invoicing Initiative aims to drive interoperable E-Invoicing by digitalising how businesses send invoices to other businesses, allowing different accounting software and Enterprise Resource Planning (ERP) system to send and receive e-invoices in a system-to-system manner.
Elimination of manual data entry and paper handling leads to shorter processes, minimize errors and reduce overall financial cost.
E-invoicing offers enhanced security with encryption, reducing the risk of fraudulent bills and protect sensitive information.
Streamlined E-Invoicing information can also help improve cross border data exchange on business transactions.
Reducing paper-based invoicing reduces carbon footprint, requires lesser energy and physical space.