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Fast payment with E-invoice |
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Government
vendors can look forward to a more efficient Public
Service insofar as bill payment is concerned. All
thanks to the Accountant-General’s Department
(AGD) for taking the bold and innovative move to
cut red-tape by introducing electronic invoices.
The Civil Service processes thousands of invoices
amounting to millions of dollars every month. The
Electronic-invoice (E-invoice) system is set to
bring about great benefits in terms of time and
efforts saved in payment processing.
With the E-invoice system, vendors can simply send
their e-invoices to AGD and they will be automatically
uploaded to the government accounting system for
processing. With a click of a button, a payment
voucher is generated and routed to the relevant
officers for approval.
Other benefits of the new system are greater accuracy,
transparency and convenience for all parties
involved. Most importantly, vendors can expect to
receive their payments promptly.
The E-invoice system is currently in the first phase
of implementation, involving selected vendors and
two pilot ministries. In phase two, the system will
be extended to more government vendors and ministries.
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By
AGD
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