buscar

Technology Update
Our present is the best guarantee for the future

EDICOM Certified as PEPPOL Network Access Point in Singapore

24/10/2019

PEPPOL-singapur

EDICOM has been certified by the Infocomm Media Development Authority (IMDA) as an Access Point for the PEPPOL network in Singapore. The Asian country has become the first to open the door to the PEPPOL network outside of Europe.

IMDA became a PEPPOL authority in Singapore in May 2018, making it the Singapore Government statutory board tasked with approving supplier certification as access points to the Pan-European Public Procurement Online (PEPPOL) network. Singapore has become the first Asian country and the first outside of Europe to implement PEPPOL.

It has chosen the PEPPOL infrastructure and standards network to make the leap to the implementation of electronic invoicing. IMDA put the national e-invoicing network into operation in January 2019, enabling certified access points and service providers, including EDICOM, to offer companies network connectivity and e-invoicing solutions.

By enabling the e-invoicing network, the government aims to help enterprises boost their competitiveness, open the doors to a global market, and scale up digitization in the B2B environment. Although the use of e-invoices is not mandatory for now, IMDA recommends its use.

What should a company do to start to use electronic invoicing in Singapore?

  • The first step is to choose an e-invoicing solutions provider that can also support you in the process of integrating the solution with your ERP or internal management system to enable the sending and receiving of electronic invoices automatically in the PEPPOL standard.
  • Have a PEPPOL Access Point provider. The communication and exchange of PEPPOL messages can only be established from one access point (AP) to another. This means that issuers and recipients both need an AP to operate in the PEPPOL network.
  • Obtain the PEPPOL ID number. In Singapore’s case the PEPPOL Access Point is tasked with signing its customers up to the Service Metadata Publisher (SMP). The PEPPOL ID format is disclosed to all the access points in Singapore, where the local SMP service is provided by IMDA subsidiary SGNIC.

E-invoicing advantages

E-invoicing advantages are measured in two areas. On the one hand, in the operational area it provides multiple day-to-day improvements for a company and, on the other hand, its mass rollout encourages trade relations in a local and global context.  The e-invoicing network in the country is an extension of the international e-delivery network that enables Singaporean firms to engage in international transactions with other related enterprises. It means that, with electronic invoices, firms can open up to new markets and boost their competitiveness.

Operationally, the core advantage of e-invoicing is the efficiency that ultimately impacts cost reductions and corporate competitiveness. That is why investing in technology that requires system uptake is good for business.

The many improvements e-invoicing brings to the table include:

  • Heightened administrative efficiency thanks to process automation.
  • Elimination of human error in relation both to automation and a fully integrated treatment. E-invoices can be generated and transmitted from provider to recipient automatically. Most of the financial benefits are due not to savings on printed material and mailing costs but to full process automation and integration between trading partners, from order placement to payment.
  • Shorter delivery and invoice collection times. The efficiency of the issue and receipt processes, their immediacy, and the near total elimination of errors in generating and posting invoices help bring down invoice collection times.
  • Enhanced commercial transaction security. Invoices are issued using private networks and dedicated protocols. The use of systems like digital signatures ensures invoice integrity, source, and authenticity.
  • Invoices are received and integrated automatically. The document's electronic origin means it can be integrated in the system automatically and so posted automatically as well, leaving it ready for payment with practically no human intervention.
  • Elimination of paper from daily administrative tasks.
  • Fast, secure, and legal invoice archiving.

 

EDICOM: Access Point in Singapore

EDICOM is committed to global interoperability and was certified as a PEPPOL Access Point in 2015.

EDICOM is also a benchmark provider of Electronic Data Interchange (EDI) and e-invoicing solutions, so it can bring all its expertise to bear in international projects in Singapore. This makes it a key Access Point partner and e-invoicing solutions provider.

Access points are responsible for transforming documents into PEPPOL regulations and standards and ensuring they reach the recipient correctly.  The EDICOM e-invoicing international platform makes it possible to issue, send, and receive electronic invoices tailored to the laws of each country.

The EDICOM e-invoicing international platform secures interconnection and interoperability in a global context.

Its scalable solutions facilitate a service adapted to the customer's needs and growth, whatever country it operates in.

Discover the factors to consider when choosing an Access Point.

Would you like to find out more?


Ask for information.

Tags

Cloud Computing B2B Cloud Platform EDI ASP-SaaS e-Invoicing GDSN VMI VAN OFTP2 AS2 Certification Authority Digital Signature Outsourcing SLA Software EDICOM Events Expert Chat SaaS-ASP Corporate Information GS1 CFDI PAC APP Associated Facturae Data Sync NOM151 partners EDICOM Retail public administrations Acreditations Web Portal EDI NF-e einvoicing Partner Web Portal SAP EDI Health Edicomdata CRP EBI ei Payroll Portal B2B EDICOMNet edi logistics SAFT-PT Ticket Portal Avaluos business@mail EDI Manufacturers CT-e NFS-e TSD epayrolls factura electronica edi automotive customer support center comprobante de pago CAE e-billing DTE e-awb comprobantes fiscales electrónicos nfc-e eaccounting contabilidad electronica CFE comprobante fiscal electronico compliance eAWB retenciones electronicas xml-cargo peppol edicom air iata e-cargo IVA Cargo-XML EDICOMAir SUNAT Perú SEE Business Mail Payrolls recibos de sueldo EDI Auto b2g eprocurement datapool panama sii PCRDD SII AEAT NHS edi academy comercio exterior EDICOM LTA sat paperless mmog OFTP EDI Web colombia CFDI Nóminas DIAN México SAF-T VAT DESADV ASN Fatture B2B Costa Rica Complemento pagos Chorus Pro moda interoperabilidad Cancelación suministro inmediato de información european union digitalización emisión electrónica openpeppol global einvoicing factura electrónica ecuador automotive industry United States and Mexico edicom sii norway VAT compliance tax administration air freight sector UNCTAD aviso de expedición Advanced Shipped Notice Despatch Advice data synchronization peppol network peppol standards peppol european union chile tendencias interoperability interconexión SINTEL Brasil interoperabilidade foreign trade e-procurement trends digitization digital transformation SaaS edicomsii MMOG/LE latam global einvociing cybersecurity EDI financeiro white paper factura electrónica colombia fintech fashion eIDAS e-archiving ebimap SME EDICOMLta e-commerce EDI financiero russia fattura b2b B2B e-Invoicing GDPR RTIR FACe FACeB2B portugal blockchain ItalyNSO business@mailPharma

Follow us on

  • linkedin
  • rss