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RK Comment: Move this section to the top of the page, above the headline. Replace with a CTA section to ask Site Visitors to sign up for InvoiceNow Seminar hosted by Qornerstone featuring IMDA speaker to be held on 16/1/2026, 11am to 12noon. Teams call link to be provided upon successful registration. Please create the sign up form at the bottom of this page.

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What Is InvoiceNow and Its Relevance to MCSTs
Sending invoices is tedious, manpower-intensive work. Someone needs to key in all the line items, amounts, and other invoice details. Then print and send by hand-delivery or mail.
The party receiving the email - usually MA finance staff - then has to key in all those details again to process the invoice for payment.
InvoiceNow is a common standard that allows the vendor's finance software to exchange invoice (PO and payments) data with the recipient's finance system. Both finance systems need to be InvoiceNow-certified of course.
But imagine the amount of time this saves. In addition to invoice data, vendors can send PDFs of supporting documents, which means the whole accounts payables workflows can be digitalised, saving tons of effort and eliminating data entry errors.
Why MCSTs Should Use InvoiceNow?
If your MCST's finances is reliant on paper-based records, then you're paying for outdated, highly manual workflows inherited from decades ago. Paper records create unnecessary complexity - e.g. documents arriving late requiring monthly accruals and reversals. With digitalised workflows for invoicing and payments, MCST bookkeeping can now be wonderfully simplified and largely automated. Bottomline: manpower savings for the MCST.
Automated invoice processing
Reduce manual data entry and minimize human error.
Simplifies MCST Bookkeeping
Invoicing on a live basis eliminates the need for accruals and reversals.
GST Compliance
Comply with IRAS requirements for GST-registered entities to use InvoiceNow for both AR and AP.

Frequently Asked Questions
Register for InvoiceNow Webinar
Hosted online (Teams) by Qornerstone, featuring IMDA speaker,
Lennie Leong, Senior Manager, Sectoral Transformation Group.
Date: 16 Jan 2025, Friday
Time: 11am to 12 noon
Agenda: What is InvoiceNow, What Are the Requirements, Benefits.
30 minutes for FAQs so come prepared with your questions!