peppol

DBS InvoiceNow

Pre-register now to enjoy early bird perks

DBS InvoiceNow

Pre-register now to enjoy early bird perks

At a Glance

InvoiceNow is a nationwide e-invoicing method that enables the direct transmission of invoices in a structured format across finance systems. The e-invoices are sent via the Peppol (Pan-European Public Procurement On-Line) international network.

As a certified access point provider starting Q1 2021, pre-register with DBS to get onboard the Peppol network for safer, smoother invoicing and faster payments. Pay directly from DBS IDEAL with your preferred e-payment modes including PayNow Corporate.

Features & Benefits
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Increase Efficiencies

E-invoices are generated, transmitted and processed digitally via DBS IDEAL. Reduce duplicate efforts and error-prone manual processes as you can send and receive e-invoices through one platform. 

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Faster Payments (Local and International)

A standardised e-invoice format results in faster validation, processing and payment time. You can send and receive e-payments including PayNow Corporate via DBS IDEAL with no additional transaction cost^.

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Reduce Operating Costs

Aside from saving on manpower and printing costs, e-invoicing reduces storage and retrieval costs. DBS InvoiceNow also allows you to generate, send and receive e-invoices for free^.

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Go Green

E-invoicing reduces the use of paper and contributes to improving climate issues.

Early Bird Promotion

It’s easy and rewarding to be digitally ready. Pre-register for DBS InvoiceNow and you will be auto onboarded the Peppol network.

What’s more, sign up during the pre-registration period (now until 28 February 2021) to enjoy these early bird benefits^

  • Free IDEAL e-invoicing portal to generate, send and receive e-invoices
  • 30 free FAST/PayNow Corporate transactions every month on invoice payments via InvoiceNow+

^Only for submissions received and approved during the pre-registration period from 2 November 2020 till 28 February 2021. Generate, send and receive e-invoices for free from the date of availability of DBS InvoiceNow till Dec 2022.
+Applies only to payments on e-invoices and applicable upon generating, sending and/or receiving at least 2 e-invoices per month till December 2022.

How to Register

Pre-register for DBS InvoiceNow and you will be auto onboarded the Peppol network and receive the early bird perks^

Apply Now

You can also register to be on the Peppol network via our partners if you need additional accounting and immediate e-invoicing support.

Online Accounting Partners

If you’re looking for additional accounting support such as automated bookkeeping, management of cash flow and tax reports, sign up with Peppol ready partners - Financio and Xero

FAQs
What are the costs involved to apply and use DBS InvoiceNow?

No application and usage cost will be incurred when you pre-register during the early bird period (3 November 2020 to 28 February 2021). This means that once DBS InvoiceNow goes live, you can generate, send and receive e-invoices for free until December 2022. 

How is InvoiceNow different from my existing invoicing method?

Currently, your invoices could be in a hard copy document or PDF format that you send and receive via email or postal service. Manual processing is required by both parties to input the invoice details in your respective systems, this is time consuming and may result in human error. InvoiceNow reduces manual work and is a safer method of invoice exchange as an e-invoice is encrypted and sent directly via the Peppol network to the recipient's InvoiceNow approved system.

When can I start using DBS InvoiceNow?

You will have access to e-invoicing via IDEAL in Q1 2021 and you will be notified via email prior to the feature going live.

Will I be notified once my company is registered on the network?

Yes. A DBS representative will reach out once you have submitted the online registration form. An email will also be sent to you upon successful registration on the Peppol network.

Who can apply for DBS InvoiceNow?

Any company authorised personnel can apply on behalf of the company. (e.g. Business Owner, Director)

I am already registered with one Peppol Access Point. Can I register with the other?

You can only be registered with one Peppol Access Point provider at any one time. If you like to register with another Peppol Access Point provider, you will need to de-register with your existing Access Point provider before registering with your preferred Access Point provider.

If my customer is not registered on Peppol, can I still send e-invoices to them?

To send or receive e-invoices, both parties will need to be on the Peppol network with a valid Peppol ID. You can request your customer to register themselves to Peppol network via an Access Point provider / platforms that are Peppol ready.

We have different suppliers on different platforms. How does Peppol e-invoicing work?

Every entity registered on the Peppol e-invoicing network will have a unique Peppol ID which is tied to their UEN, regardless of which Access Point or platform they use. You can therefore send an invoice to any of your suppliers as long as their platform is Peppol-ready and they have registered for e-invoicing.