Electronic invoicing provides much needed boost for Singapore businesses

Gaining new customers and generating more revenue are, without a doubt, key to running a business whether it’s a large or small one.

However, collecting payment for products delivered and services rendered are often tedious processes that take up an inordinate amount of time and effort as well.

The story is a familiar one. Usually, a seller would generate a PDF or paper invoice from its finance system, then send this to a buyer. Here, the invoice is checked for accuracy and compliance by the buyer before the details are added its own system. Only then payment is made.

Source Businesstimes

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