RealTimme Cloud
Measure and Manage your accounts, inventory and billings in a single platform
Designed for busy business owners
InvoiceNow (E-invoicing)
We have achieved another milestone.
We are pleased to announce that Realtimme Cloud is InvoiceNow ready, an added feature with no extra charge
IMDA (Infocomm Media Development Authority, Singapore) implemented the nationwide E-invoicing network in 2019 to help businesses improve efficiency, reduce cost, enjoy faster payment and stay green at the same time. This network is an extension of the International PEPPOL (Pan-European Public Procurement On-Line) E-Delivery Network allowing businesses to transact internationally with other linked companies.
It sits on the PEPPOL cloud platform where different system can send and receive Invoice seamlessly, cutting down the user time to repeatedly enter the same entry
You can send your e-invoice to your customer or receive invoice from your supplier, who must be also PEPPOL- ready in their respective accounting system, which allows direct transmission of e-invoices from one finance system to another with little or no human intervention, speeding up invoice processing which results in faster payment. This greatly reduces the time spent verifying invoices and chasing for payment.
Benefits of InvoiceNow
1
Save time
2
No input errors
Have you received a supplier invoice with invoice number like IO23445 or that looks like 1023445 or B22345 that looks like 823345 or 0000001543 and you record as 00001543 (with lesser zero). This will be a past with InvoiceNow. You can also prevent double payment for the same invoice but recorded twice because of the invoice number is recorded twice differently.
3
Get paid faster
Ever experience your customer said they never receive your invoice? And you know that your payment is going to be delayed. You need to send again your invoice with a [Certified True Copy] and missed their weekly payment processing again.
With InvoiceNow, you can verify with your customer if the e-invoice is in their system. Any correction, you can send again and they delete the earlier wrong invoice. And you never miss their weekly or monthly payment cycle again. Don’t give your customer the excuse again.
4
No need to email invoice to your customer any more
If you are still sending pdf invoice to your customer via email, chances are that the email is not received, or goes into the spam folder, or their email is no more valid with a returned mail. Most of the time your customer will tell you only when you chase for your payment. (See point 1). With InvoiceNow, your e-invoice will be inserted into your customer system almost immediately with verifiable audit trail.
5
Updated transactions
Ever receive an invoice that is dated 2 months ago, when you already submitted your GST or already closed your monthly accounts?
With InvoiceNow, you send your invoice to your customer on the same day and your customer will record in their accounts payable as the same day you sent.
6
Applying for loans or factoring your bills
Your financial statement will get a better credit rating because you use InvoiceNow. The credibility, the accuracy and timeliness of your report gets higher confidence. Your liability will likely be not understated because supplier send their invoice to you via InvoiceNow once it is due.
7
A greener business and a greener environment
Are you still printing hard copy invoice to your customers or receiving printed invoices from your suppliers?. Lets take a step further.
InvoiceNow reduces the use of paper and plays a part in mitigating climate change