09 January 2019
Ready to help Singapore organisations switch to e-invoicing
Singapore, 9 January 2019 – StarHub today announced that it has become the first local PEPPOL (Pan-European Public Procurement Online) Access Point (AP) provider certified by the Info-communications Media Development Authority of Singapore (IMDA), the PEPPOL Authority in Singapore responsible for approving and certifying AP providers in Singapore. Singapore adopted the widely used European standard for its nationwide e-invoicing framework in May 2018.
With a standard-based e-invoicing network in place, private- and public-sector organisations can exchange structured e-invoice data files easily and securely, eliminating manual processes and paper invoices in the purchase of goods and services across their supply chains. E-invoicing allows organisations to expedite business transactions with fewer billing errors, leading to savings in operating cost and better relationships between buyers and suppliers. In addition, adopting e-invoicing allows organisations to improve their sustainable business practices.
As a PEPPOL AP provider, StarHub offers robust connection to the national e-invoicing network for organisations from their existing procurement systems, enabling them to automate invoice processing with e-invoice receiving or sending. In addition, with years of domestic operating experience, StarHub has local capabilities to help customers comply with applicable laws, regulations and policies here.
“StarHub is excited to be part of Singapore’s effort to develop a common e-invoicing system for businesses here and we want to help our customers adopt e-invoicing technology to boost their competitiveness and create sustainable business practices in the digital economy. Our customers can be assured that as a Singapore homegrown company ourselves, the StarHub team is always ready to provide trusted business recommendations and dependable support,” stated Dr Chong Yoke Sin, Chief of Enterprise Business Group, StarHub.
“Helping companies digitalise is a core component in our drive for Singapore’s digital economy. StarHub has taken the initiative to lead in e-invoicing and become Singapore’s first locally certified Access Point provider. We are heartened by their efforts which will help businesses in Singapore reap the benefits of e-invoicing,” said Ms Jane Lim, Assistant Chief Executive (Sectoral Transformation), IMDA.
StarHub is working with select customers and vendors to test e-invoicing as a solution to simplify invoice processing. The company is currently preparing for a pilot with its Finance Department.