Invoice automation is now easier than ever STARHUB ...€¦ · Automating your invoicing process...
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Invoicing is an integral part of business operations yet companies are challenged by laborious manual data entry, high processing costs due to human errors like lost invoices, duplication and more. The processing challenges often result in late payment by customers, poor cash flow and even non-compliance issues during audit. Automating your invoicing process takes away these difficulties and connects you to an established network where you can exchange procurement documents easily with your suppliers and clients. Everyone gets to benefit from faster payment cycles, less disputes and enhanced operational efficiency. With StarHub SmartInvoice, your automated invoicing process will enable your business to enjoy cost savings and long-term benefits of control, visibility and efficiency, all while staying compliant with jurisdiction requirements. More Cost Savings Enjoy productivity savings – no need to cater manpower for manual invoice handling and printing. Increased Operational Efficiency Achieve faster validation and minimal human errors, resulting in less billing disputes. Faster payment cycles also leads to better customer-supplier relations. Improved Cashflow Leverage on data analytics for real-time visibility of your financial cycle to make the right business decisions. Invoice automation is now easier than ever STARHUB SMARTINVOICE 40,000 invoices per month Savings of $2.50 / invoice $1,200,000 costs savings / year! HERE’S A SMARTER WAY TO MANAGE YOUR PAYMENT CYCLE Example of potential savings when you switch to e-invoicing
Transcript of Invoice automation is now easier than ever STARHUB ...€¦ · Automating your invoicing process...
Invoicing is an integral part of business operations yet companies are challenged by laborious manual data entry, high processing costs due to human errors like lost invoices, duplication and more.
The processing challenges often result in late payment by customers, poor cash flow and even non-compliance issues during audit.
Automating your invoicing process takes away these difficulties and connects you to an established network where you can exchange procurement documents easily with your suppliers and clients. Everyone gets to benefit from faster payment cycles, less disputes and enhanced operational efficiency.
With StarHub SmartInvoice, your automated invoicing process will enable your business to enjoy cost savings and long-term benefits of control, visibility and efficiency, all while staying compliant with jurisdiction requirements.
More Cost SavingsEnjoy productivity savings – no need to cater manpower for manual invoice handling and printing.
Increased Operational EfficiencyAchieve faster validation and minimal human errors, resulting in less billing disputes. Faster payment cycles also leads to better customer-supplier relations.
Improved CashflowLeverage on data analytics for real-time visibility of your financial cycle to make the right business decisions.
Invoice automation is now easier than ever
STARHUB SMARTINVOICE
40,000 invoicesper month
Savings of$2.50 / invoice
$1,200,000 costssavings / year!
HERE’S A SMARTER WAY TO MANAGE YOUR PAYMENT CYCLE
Example of potential savings when you switch to e-invoicing
Operating on Peppol (a widely used eProcurement European standard), StarHub is the first local Access Point Provider certified by IMDA for the nationwide e-invoicing network to provide e-invoicing services to all businesses in Singapore.
StarHub SmartInvoice primarily provides robust connection from your procurement systems to the Singapore e-invoice network. You can also choose to automate and connect your invoicing operations for an integrated solution. Value-added services include change management where key stakeholders are engaged for a smooth deployment with minimal business disruption.
1800 888 8888 [email protected]
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STARHUB SMARTINVOICEA Nationwide e-Invoicing Network
Sending an e-invoice using Peppol is conceptuallysimilar to how a SMS is sent - a machine readable file
is transmitted instead of a text message
StarHub provides connectivity & integration to the Peppol Network1
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WHAT IS STARHUB SMARTINVOICE?
HOW DOES STARHUB SMARTINVOICE WORK?
Local Support Peace of mind with Singapore's 1st local
Access Point provider for local data residency & hosting with up to 99.95%
availability
Robust Connectivity Enables secure exchange of procurement
information between organisations, supporting audit, compliance & business
continuity
One-stop solution From onboarding to integration &
operational support for both standard & customised business
requirements
Why StarHub
Now your transition to
e-Invoicing is easier
than ever!
Is StarHub SmartInvoice right for your business?
• Slow inward cash flow • Laborious manual processing tasks take up time
• Provides seamless & fast processing of invoices • Reduces manual intervention• Increases accuracy in processing • Reduces human errors
• Compliance to national standards• Need to improve on operational efficiency
• Aligns with Singapore’s Smart Nation initiatives to raise productivity through automation• Integrates with systems within government infrastructure
• Need to offer better platform/product value & customer experience
• Enhances end user experience with new features & capabilities • Meets the changing needs of digital economy• Enables quick plug-in of e-invoicing capability to speed up go-to-market
ENTERPRISES
CHALLENGES
STATUTORY BOARDS, GOVT-LINKED ORGANISATIONS
PLATFORM/ PRODUCT BUSINESSES
HOW SMARTINVOICE HELPS
Generate & submit e-invoice to access point
SenderLoad e-invoice into accounting system
Receiver
Validate & send e-invoice to receiver access point
Sender Access PointReceive, validate & forward
e-invoice to recipient
Receiver Access Point
Peppol Network(secured connection)Peppol Network(secured connection)
All information stated is correct at time of printing and subject to change without notice. January 2020
