MDEC-accredited Valtatech integrates with Microsoft to drive Malaysia’s e-invoicing transformation
Sees mandatory implementation as opportunity to propel nation’s growth
Kuala Lumpur, 22 August 2024 – Source-to-Pay [S2P] and Procure-to-Pay [P2P] specialist Valtatech has made a strong entry into the Malaysian market, by integrating with Microsoft Dynamics 365 and the Pax8 marketplace to drive Malaysia’s ongoing e-invoicing transformation. This follows its accreditation by the Malaysian Digital Economy Corporation [MDEC] as a pilot e-invoicing service provider for MDEC and Lembaga Hasil Dalam Negeri [LHDN].
With a decade of experience implementing end-to-end procurement solutions across Asia Pacific and Europe, Valtatech is uniquely positioned to guide Malaysian businesses through not only the complexities of the e-invoicing mandate but also to unlock the strategic value of digital transformation.
“We applaud the Malaysian Government’s forward-thinking approach to implementing e-invoicing on a country-wide scale,” said Jussi Karjalainen, CEO of Valtatech. “We are not just another e-invoicing provider; we curate end-to-end ecosystems to improve business procurement processes. Our extensive experience in other geographies has demonstrated the effective and efficient implementation of e-invoicing as a catalyst for digitising the entire business procurement ecosystem to drive growth within a country and beyond borders.
“Our decade of experience, combined with our deep understanding of the local market, makes us the perfect partner for any Malaysian business to go beyond compliance and drive efficiencies to maximise business opportunities. Our collaboration with Microsoft and Pax8 fuels our ambitions to create an end-to-end ecosystem to offer companies critical solutions at every business processing touchpoint.”
The integration with Microsoft will enable Valtatech to make its e-invoicing Gateway (SaaS) available on Microsoft Azure as well as being integrated with Microsoft Dynamics 365. Valtatech will then work closely with Pax8 to market the solution to the 2nd wave of e-invoice prospects, who are targeting to go live in January 2025.
Valtatech’s mature, localised platform seamlessly integrates with existing systems, ensuring a smooth and efficient transition for Malaysian businesses. The procurement service provider prioritises data security measures like encryption, secure data storage, regular audits, and proactive firewall management, ensuring peace of mind for their clients.
Leading the Valtatech charge in Malaysia is Country Manager, Malick Aboobakar, a 30-year veteran in digital economy.
“Having worked with many Malaysian businesses to drive the digitalisation of their businesses, I am confident our team will be able to provide the unique combination of leveraging Valtatech’s global experience, with strong local insights and understanding,” said Malick.
“We have already onboarded several companies, and are in advanced discussions with other solutions providers to add depth and breadth to our business processing solutions ecosystem. The country’s positive economic growth and the recent influx of international investments, particularly in tech industries, indicate the increasing need to digitise the Malaysian economy. The mandatory implementation of e-invoicing is an opportunity for Malaysian companies to make the most of this pivotal step. Valtatech aims to be their preferred partner in the business processing automation space,” he added.
Valtatech is a financial process automation provider with 10 years of proven success across Asia Pacific and Europe. Trusted by industry leaders like Cycle & Carriage and Konica Minolta, Valtatech offers a comprehensive suite of end-to-end e-procurement solutions that include source-to-pay (S2P), Procure-to-Pay (P2P), e-invoicing and compliance technology.
For more information on Valtatech please visit www.valtatech.com/ or contact:
- Jussi Karjalainen, CEO, Valtatech: jussi@valtatech.com
- Malick Aboobakar, Country Manager, Valtatech: malick@valtatech.com
Valtatech PR Team:
– Sue D’Cruz, suedcruz@gmail.com | +60 19 321 3607
– Angeline Chandran, angeline.chandran@gmail.com | +60 16 916 6461
About Valta Technology Group
Valta Technology Group is a Source to Pay advisor, Managed Services provider, and e-invoicing and compliance technology company specialising in implementing end-to-end solutions. With offices in Melbourne Australia, Manila Philippines, Singapore, and Malaysia, Valtatech offers leading managed technology solutions, and best practice advisory services assisting organisations across Asia Pacific to automate their finance and procurement functions.
