A dedicated corporate bank account is the payment hub for every Singapore company. PayNow — Singapore's instant-payment system — allows transfers via UEN or mobile number, and the majority of business-to-business receipts now arrive through this rail. Each PayNow credit and bank transfer must be reconciled against the open InvoiceNow invoice it settles, maintaining a clean IRAS audit trail and avoiding GST discrepancies.
PayNow receipts arrive as terse bank notifications with minimal reference data, making manual matching to specific open invoices slow and error-prone across high transaction volumes.
PayNow webhook integration with UEN-based and mobile-reference matching: each inbound payment is automatically linked to the correct open invoice and the InvoiceNow record updated in real time.
Overdue invoice reminders are sent inconsistently or not at all when the accounts team is busy, stretching debtor days and damaging cash flow.
Automatic ageing report with configurable SMS and email reminders dispatched through the notification module at defined intervals — without any manual action.
Real-time bank and PayNow reconciliation with zero manual matching.
