Tailored Implementation
We provide customized solutions that integrate seamlessly with your existing systems, ensuring a smooth transition to e-invoicing without disrupting your operations.
InvoiceNow Ready
Take control of your billing process with InvoiceNow, an automated solution
that simplifies invoicing,
accelerates payment cycles, and enhances
financial visibility for your business
Why InvoiceNow Matters for SMEs?
InvoiceNow simplifies billing, accelerates payment cycles, and
reduces errors, providing SMEs with the tools they
need for efficient and
hassle-free financial management.
Mandatory Compliance
By November 2025, newly incorporated companies registering for GST will need to comply with the InvoiceNow requirements. This transition is not just a regulatory obligation; it represents a significant shift in how businesses manage invoicing and tax compliance.
Cost Efficiency
Implementing InvoiceNow can drastically reduce costs associated with manual invoicing processes. Studies suggest that businesses can save approximately $8 per invoice by automating their invoicing through this system, while also minimizing errors that can lead to costly rectifications.
Faster Payment Cycles
The InvoiceNow system facilitates quicker payment processing by allowing invoices to be sent directly from one accounting system to another. This reduces the time spent on invoice handling and accelerates cash flow, which is vital for SMEs.
Enhanced Accuracy
With features like almost real-time validation of invoices, businesses can ensure compliance with GST requirements while reducing the risk of errors that can occur with traditional paper invoices.
Our InvoiceNow Ready Solution
Our InvoiceNow Ready solution automates invoicing, ensuring faster payments, reduced errors, and seamless financial management for your business.
Compliance Assurance
With our expertise in open-source ERP and CRM solutions, we ensure that your invoicing processes meet all regulatory standards set by IRAS, allowing you to focus on your core business activities.
Training and Support
Our team offers extensive training sessions to help your staff understand and utilize the InvoiceNow system effectively. We also provide ongoing technical support to address any queries or issues that may arise.
Continuous Updates
As regulations evolve, we keep you informed about the latest changes and updates related to InvoiceNow, ensuring that your business remains compliant at all times.
Phased Implementation of the GST InvoiceNow Requirement
Ensuring compliance through a structured and supportive timeline.
From 1 May 2025
Soft launch for non-mandatory participation for all businesses that wish to come onboard early.
From 1 Nov 2025
Mandatory participation for newly incorporated companies (within 6 months of applying for GST registration).
From 1 Apr 2026
Mandatory participation for all businesses that apply for voluntary GST registration.
Future plans
Progressively extend mandatory participation to new compulsory GST registrants and existing GST-registered businesses.
Pricing for Flectra InvoiceNow Solution
Cost efficiency of Flectra InvoiceNow solution.
| Get 3 months free when you sign up before Nov 1, 2025 (Discount Code: FREE3M) | |||
|---|---|---|---|
Starter*1 |
Standard*1 |
Premium*1 |
|
S$ 19 .99 /mth |
S$ 39 .99 /mth |
S$ 99 .99 /mth |
|
| InvoiceNow e-invoicing | Up to 20 | Up to 50 | Up to 200 |
| Invoicing and Quotation | Yes | Yes | Yes |
| Bills Entry | Yes | Yes | Yes |
| Bank Reconciliation | Yes | Yes | Yes |
| Capture Bills and Receipt | Yes | Yes | Yes |
| Cash Flow and Business Snapshot | Yes | Yes | Yes |
| Multiple Currency | Yes | Yes | Yes |
| Online Backup and Restore | Yes | Yes | Yes |
| Fixed Assets Management | – | Yes | Yes |
| Recurring Transaction | – | Yes | Yes |
| Bulk Reconciliation | – | Yes | Yes |
| AI Invoicing | – | Yes | Yes |
| Claim Expenses | – | Yes | Yes |
| Employee Time Tracking | – | – | Yes |
| Purchase and Track Inventory | – | – | Yes |
| Budget Management | – | – | Yes |
| Automate Approval Workflow | – | – | Yes |
| Customize Reporting Fields, Dashboard and Role Permission | – | – | Yes |
| Project Tracking *2 | Optional S$10/mth | ||
| HR and Payroll *2 | Optional S$1/mth/employee (min 10 employees) | ||
| Sales *2 | Optional S$20/mth | ||
| POS *2 | Optional S$20/mth | ||
| CRM *2 | Optional S$20/mth | ||
*1 Annual subscription includes basic onboarding and configuration of the company-specific information.
*2 Onboarding and configuration services of these modules are not included in the monthly subscription.
Let’s Make Your Business InvoiceNow Ready!
Don’t wait until the last minute—prepare your business for the future of invoicing today! Contact TrakTech to learn more about how we can help you become InvoiceNow Ready. Together, we can streamline your invoicing processes, enhance compliance, and drive your business forward in 2025 and beyond.