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#Streamlined E-Invoicing with an Excel-based solution
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Why E-invoice Matters for SMEs to Survive and Thrive?
Why E-invoice Matters for SMEs to Survive and Thrive?
E-invoicing is crucial for SMEs to survive and thrive because it enhances efficiency, reduces costs, ensures compliance, and improves cash flow. Here’s why:
1. Faster Payments, Healthier Cash Flow
1. Faster Payments, Healthier Cash Flow
Traditional invoicing can cause payment delays due to manual errors and slow processing. E-invoicing speeds up transactions, ensuring SMEs get paid faster and maintain a steady cash flow.
2. Reduced Costs & Paperless Efficiency
2. Reduced Costs & Paperless Efficiency
Printing, mailing, and storing physical invoices are costly. E-invoicing eliminates these expenses, reducing operational costs and improving overall efficiency.
3. Compliance & Tax Benefits
3. Compliance & Tax Benefits
Malaysia governments mandate e-invoicing for tax compliance. SMEs adopting e-invoices avoid penalties, benefit from automated tax calculations, and ensure regulatory compliance.
4. Minimized Errors, Maximized Accuracy
4. Minimized Errors, Maximized Accuracy
Manual invoicing is prone to errors, leading to disputes and payment delays. E-invoicing automates calculations, reducing mistakes and improving accuracy.
5. Scalability & Business Growth
5. Scalability & Business Growth
As SMEs grow, handling a high volume of invoices manually becomes challenging. E-invoicing enables scalability, allowing businesses to manage large transactions effortlessly.
6. Strengthened Business Relationships
6. Strengthened Business Relationships
Prompt and accurate invoicing fosters trust with clients and suppliers, improving long-term business relationships.
7. Enhanced Security & Digital Storage
7. Enhanced Security & Digital Storage
E-invoices are securely stored in the cloud, preventing loss or damage while ensuring easy retrieval and audit readiness.
In a competitive market, SMEs that embrace e-invoicing gain a significant advantage—reducing costs, improving cash flow, and ensuring long-term sustainability.
A
"An e-invoice is a digital representation of a transaction between a supplier and a buyer"
What Is My Approach?
What Is My Approach?
Just 3 Simple Steps to Get the E-Invoice Done!
Just 3 Simple Steps to Get the E-Invoice Done!
Upload Source Data
Upload Source Data
First, download the Excel template from the software. Fill in the required details, such as supplier, buyer, and line items.
Generate Batch File
Generate Batch File
Next, upload the Excel template and filter the supplier, buyer, or line items based on the transaction. Then, download the batch file.
Submit For Validation
Submit For Validation
Finally, upload the batch file to LHDN MyInvois portal for submission and validation.
Why My Portals Unique?
Why My Portals Unique?
Empower the SME businesses to issue e-invoices or self-billed invoices as needed during office hours or even outside office hours
Empower the SME businesses to issue e-invoices or self-billed invoices as needed during office hours or even outside office hours
SME businesses will issue the e-invoice or self-billed himself/herself, giving the customer and the accounting preparer each a copy, therefore they are no longer relying upon the accounting preparer standby to issue any e-invoice.
Never loss of unrecoverable data due to the accidental deletion or editing of accounting data
Never loss of unrecoverable data due to the accidental deletion or editing of accounting data
How E-invoice and How Self-billed are separate apps from the accounting software. Therefore, this will prevent the risk of accidental deletion or edition of valuable data by unfamiliar SME businesses.
The solution of typing and displaying content on a mobile screen due to its tiny size
The solution of typing and displaying content on a mobile screen due to its tiny size
How mobile is not required to type any data as it was picked up from the uploaded Excel template and it is a responsive application to display on any mobile devises.
Mitigate the impacts of long queues in ticket support, especially when handling a large volume of clients
Mitigate the impacts of long queues in ticket support, especially when handling a large volume of clients
We provide telegram support to ease long queues ticket support and we will update the telegram support from time to time. Only if the issue is unresolved then we will meet on Google Meet.
Prevent the risk of data leakage or data loss due to infrastructure failures or software corruption?
Prevent the risk of data leakage or data loss due to infrastructure failures or software corruption?
We do not maintain any data, all the data is through the uploaded Excel template and once logged out all data is deleted completely. In addition we will update the privacy policy as and need arise.
Safe guard from the viruses or malware attacks and the hassle of updating the application
Safe guard from the viruses or malware attacks and the hassle of updating the application
Both the How E-invoice and How Self-billed are cloud base web application. Therefore, no issue on virus or malware attacks and update of version.
Overcome the barrier of internet access and slow web activity interaction.
Overcome the barrier of internet access and slow web activity interaction.
The 5G connection is rolled out nationwide and as of September 2024, approximately 82% of the Malaysian population has access to 5G mobile networks. Furthermore, the data centre is located in Singapore to prevent speed latency.
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