Valta Technology Group (Valtatech) expands its business in Malaysia

Valtatech invests to expand its business to Malaysia, acquires Proworks Innovation e-Invoicing consulting unit 

Acquisition demonstrates Valtatech’s confidence in Malaysian National e-Invoicing Initiative and LHDN clearance whilst further expanding their teams locally in Malaysia. 

Melbourne, Victoria​, 20 February 2024 — Financial process automation experts and certified Peppol e-invoicing Access Point providers for Australia, New Zealand, Singapore and Japan Valta Technology Group (Valtatech), today announced it is making an investment to acquire Proworks Innovation e-Invoicing consulting and compliance advisory services business unit. Valtatech acquires the services business along its senior consultant resources. Valtatech is already a pilot provider with MDEC and LHDN in supporting the growth of e-Invoicing, with its Peppol and CaaS (Compliance as a Service) offering, representing the core offering of Valtatech to assist Malaysian companies to meet their tax reporting and compliance together with business digitalisation ahead of the upcoming mandates. 

This acquisition strengthens Valtatech’s local presence in Malaysia. 

Mr Malick Aboobakar, CEO of Proworks Innovation, has now been appointed as the Country Manager for Valtatech Malaysia, comments: “Valtatech presents a distinctive proposition, leveraging its global expertise in implementing various e-invoicing models for clients spanning multiple countries. Additionally, the company has demonstrated a profound understanding of diverse industry business processes, particularly in procurement and finance transformations. The potential for Valtatech to assist Malaysian businesses ready for tax compliance and e-invoicing is huge. I look forward to spearheading the business growth in Malaysia”. 

Jussi Karjalainen, CEO and founder of Valtatech added: “Working with the Proworks team as the local transformation, compliance and e-Invoicing consultants has been a pleasure. We look forward to working with them to assist helping Malaysian businesses achieve the benefits of e-Invoicing and tax compliance”. 

“​Valtatech support​​s​ the Australian, New Zealand, Singaporean, Japanese and Malaysian businesses not just to implement e-Invoicing and tax compliance solutions technically, but to assist them implement the required changes across their processes, people and technology to achieve sound, reliable and robust solutions to reap the benefits of the rapidly advancing business compliance landscape in these countries. Malaysia is a strategic investment for our business, and a country I now call my second home.” 

Valtatech has completed more than 70 business transformation projects in the broader Asia Pacific, and offer Source to Pay, AP Automation, e-Invoicing and compliance solutions to companies using any financial systems. 

For more information on Valta Technology Group can be found at their website for Malaysia at www.valtatech.com/MY or contacting our team directly: 

Country Manager – Mr Malick Aboobakar (malick@valtatech.com

Head of Spend Managed Service – Ms Grace Tapay (grace.tapay@valtatech.com)  

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, best practice advisory services assisting organisation across Asia Pacific to automate their finance and procurement functions. 

Valta Technology Group Media Contact: 

Mr Jussi Karjalainen  

Jussi@valtatech.com

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