3 InvoiceNow Grants available for you
The nationwide e-invoicing initiative has seen good traction with more than 50,000 businesses connected on the InvoiceNow network. To accelerate adoption so that businesses on the network can get more benefits, IMDA has introduced the following incentives:
About
A $200 bonus for all businesses on the network for sending 10 e-invoices on InvoiceNow.
Eligibility Criteria
- Applicable to businesses who have valid and active business UENs excluding the entity types listed below.
- Businesses who send a total of 10 e-invoices on the network within 12 months from the 1st e-invoice will receive a bonus payout of $200.
- Send 1st e-invoice: receive $50;
- Send remaining 9 e-invoices: receive another $150;
Steps
- Complete a one-time registration at this form to receive payout status and other InvoiceNow related matters from IMDA: www.go.gov.sg/register-itb
- Find your business customers on the SG Peppol Directory and retrieve their Peppol ID information (www.peppoldirectory.sg).
- Send an e-invoice directly from your solution to your business customer on the network.
- Receive your bonus via PayNow Corporate, no claim is required.
If you are not on InvoiceNow today, join the network with an IMDA-approved InvoiceNow-ready Service Provider: www.go.gov.sg/einvoice-solutions and www.go.gov.sg/imda-ap
There are also free solutions available here: www.go.gov.sg/einvoice-free
Terms & Conditions
Refer to the terms and conditions here (174.68KB).
FAQs
Have questions on ITB? You might find the answers in our ITB FAQ here (121.68KB).
About LEAD Connect
A $30k fixed grant applicable to large enterprises with their own finance/ ERP solution.
Eligibility Criteria
- Applicable to enterprises who have valid and active business UENs excluding the entity types listed below.
- Enterprises who complete integration to the InvoiceNow network with their own finance/ERP solution within 12 months from the start of the work will qualify for the grant.
- Entity has a minimum of 200 business counterparties (aggregate of suppliers and customers).
- Entity has its own ERP/finance solution which requires to connect to the InvoiceNow network with the help of Access Point providers.
- The start of the work should be after 1 November 2022.
Steps
- Register interest at this form to receive help from IMDA on planning and meeting eligibility criteria: www.go.gov.sg/register-leadgrant
- Submit supporting document such as contract/agreement between the enterprise and your vendor(s) showing the work started after 1 Nov 2022, supplementary artefacts showing activities (e.g. data mapping, data transformation, system integration and testing), and list of business partner UENs.
- Complete the claim form here: www.go.gov.sg/submitleadconnect
- Grant will be disbursed directly to the enterprise through PayNow Corporate.
Terms & Conditions
Refer to the terms and conditions here (175.09KB).
About LEAD Transact Grant
Up to $40k grant applicable to large enterprises who meet the minimum number of transacting business partners on the InvoiceNow network.
Eligibility Criteria
- Applicable to enterprises who have valid and active business UENs excluding the entity types listed below.
- The transaction should include a Buyer reaching out to at least 25 unique suppliers transacting with them, or a Biller sending out e-invoices on InvoiceNow to at least 250 unique customers.
- Enterprise can receive incentives as both Buyer and Biller.
- Funding period is 12 months starting from the first claim submission by the enterprise. The starting dates for the enterprise as Buyer and Biller can be different.
- Billers receiving LEAD Transact Grant will not be eligible for InvoiceNow Transaction Bonus.
- The Buyer’s and Biller’s counterparties in the claim will be considered ONLY if they have not been listed as counterparties in LEAD Transact claims by other earlier claimants.
Please refer to the table below for the transaction tiers and corresponding pay-outs:
Transaction Tier
Payout
Number of Unique Business Counterparties Transacted With
As Buyer
As Biller
Steps
- Register interest at this form to receive help from IMDA on planning and meeting eligibility criteria: www.go.gov.sg/register-leadgrant
- Submit claim form showing list of transacting counter parties here: www.go.gov.sg/submitleadtransact
- Grant will be disbursed directly to the enterprise through PayNow Corporate.
Terms & Conditions
Refer to the terms and conditions here (175.08KB).
FAQs
Have questions on the LEAD Connect & Transact Grant? You might find the answers in our LEAD Grant FAQ here (151.71KB).
About
A $10k grant applicable to IMDA-certified solution providers (principals only) to enhance the partner discovery feature in their solution through integration to the SG Peppol Directory, making it easier for users to find out whether their business partners are on the network.
Eligibility Criteria
- Applicable to solution providers (principals only) who have valid and active business UENs excluding the entity types listed below.
- Solution providers (principals only) are required to have a minimum of 200 customers registered on InvoiceNow network through their platform.
- Solution providers (principals only) needs to complete the enhancement of the partners discovery feature by 31 October 2023.
- The solution must exhibit both functionalities:
a. Prompt user to use InvoiceNow to send an e-invoice if the user’s customer is on InvoiceNow network.
b. Send a notification or embed message in hardcopy or PDF Invoice to encourage user’s customer who is not on InvoiceNow to register on the network.
Steps
- Interested solution providers (principals only) to write in to einvoice@imda.gov.sg
- Submit the claims with supporting documents to einvoice@imda.gov.sg
- Grant will be disbursed directly to the solution provider through PayNow Corporate.
Terms & Conditions
Refer to the terms and conditions here (176.05KB).
FAQs
Have questions on the Partner Discovery Grant? You might find the answers in our Partner Discovery Grant FAQ here (132.77KB).
Excluded Entity Types
- Organisations with these entity types are not eligible for the grants:
Entity Type*
Description
* Character 4-5 in UEN (only applicable to Type C UENs, refer https://www.eun.gov.sg/)
Effective Date
The ITB and LEAD Connect & Transact grants are effective from 1 November 2022 to 31 October 2024 or when the grant funds are fully disbursed, whichever is earlier.
The Partner Discovery grant is effective from 1 November 2022 to 31 October 2023 or when the grant funds are fully disbursed, whichever is earlier.
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