The new partnership offers an electronic invoicing solution that helps small and medium enterprises save time, reduce errors and improve business growth. ABSS users can become Peppol-ready instantly through their existing ERP and fully compliant in all their trading transactions.
ABSS and Pagero signed their new strategic partnership in 2019. The agreement combines the ABSS ERP solution focused on small and medium enterprises with Pagero’s open, cloud-based business network for automated exchange of business documents across Accounts Payable and Accounts Receivable processes.
Since entering the partnership, ABSS and Pagero teams have worked in coordination with IMDA in Singapore to achieve Peppol accreditation; the companies now offer a fully complaint solution to meet IMDA standards. In parallel, the partnership will allow both companies to offer their integrated solutions to the regional market.
Rhys Brown, CEO of ABSS says, “ABSS is very excited to partner with Pagero, the leading global e-invoicing service provider. Together we bring improved invoicing efficiency to over 30,000 Singapore SMEs. ABSS accounting solutions combined with the Pagero technology framework will help SMEs save time, reduce errors and improve business prosperity in Singapore.”
Luis Ortega, Managing Director for Middle East, Africa, Asia at Pagero states, “In the everchanging world of e-invoicing regulations and governments extending their digital footprint, companies need an agile technology platform and expert consulting services to maintain local compliance with cross-border operations. Our partnership with ABSS will help their customers across Singapore and Southeast Asia stay compliant in the face of changing regulations and multiple jurisdictions. We are pleased to see how Australia and New Zealand, as well other Southeast Asian countries, have adopted or are looking into Peppol as their standard for e-invoicing as this will facilitate interoperability in cross-border trading processes.”
For small and medium enterprises operating in the Southeast Asia region, it’s important to prepare for new regulatory developments in the digital trading, tax, accounting and financial reporting landscape – regionally and abroad—in a pragmatic way and at reasonable cost. There is a rising trend pushing businesses, as part of their digital transformation journey, to become digitally compliant in all their trading transactions. The adoption of e-invoicing, seamlessly integrated with their ERP or accounting solutions, will improve business efficiency, quality of data and reduce errors. Businesses will easily meet compliance needs locally and globally while reducing their total operating costs.
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The leading SME business solutions provider across Asia, ABSS is a developer and leading supplier of ABSS branded accounting software and supports Asian SMEs with a wide range of products and services.
Our service extends to SMEs throughout South Asia, including Malaysia, Singapore, Hong Kong, and more than a dozen other countries by providing tools that simplify desktop & cloud accounting management, e-payments, e-commerce, accounts receivable and more.
For more information, please visit sg.abssasia.com/e-invoice