The announcement by Dr Yaacob Ibrahim, Minister for Communications and Information (MCI) revealed that e-invoicing is a crucial step forward for Singapore’s businesses. Among other things, he said that “Without an invoice, businesses do not get paid. But invoicing can be very tedious and manual, with many inherent errors. E-invoicing can change that.”   What system is currently in place?   Since May 2008, Singapore has enforced e-invoicing for suppliers of government agencies (B2G). The introduction of mandated e-invoicing has been very successful in reducing the costs of processing governmental supplier invoices, as well as increasing the handling speed and...