Source: IMDA Engage Newsletter Issue 2, Page 2
Peppol E-invoicing is a standardised digital way of sending and receiving invoice between the accounting systems of two parties. Peppol is the network that facilitates the exchange of this information digitally.
IMDA has implemented the nationwide E-Invoicing network on 9 January 2019 with certified Access Points and Solution Providers offering services to help businesses improve efficiency, reduce cost, enjoy faster payment cycles, access to new financing options and build a strong foundation for digitalisation. This network is an extension of the International Peppol E-Delivery Network allowing our enterprises to transact internationally with other linked companies.
Electronic invoicing or E-Invoicing allows direct transmission of invoices in structured digital format from one finance system to another resulting in faster payment.