Our Approach

Delivering Measurable Value and Driving Best Practice

Understanding E-Invoice in Malaysia

E-Invoicing in Malaysia serves as a digital confirmation of a transaction between a seller and a buyer, eliminating the need for traditional paper or electronic documents like invoices, credit notes, and debit notes.

E-Invoicing caters to a variety of transactions including Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G) dealings. In B2C transactions, sellers are not obligated to issue e-invoices to end consumers; instead, they should provide a customary invoice or receipt. Subsequently, within a specified timeframe, sellers are required to consolidate all standard invoices or receipts and issue a unified e-Invoice.

Taxpayers are offered the freedom to select the ideal method for transmitting their e-Invoices to the Inland Revenue Board of Malaysia (IRBM) that aligns with their specific business needs and individual circumstances, thus facilitating a smooth transition to e-Invoice.

To accommodate the varied requirements of taxpayers, there are two options to choose from when it comes to selecting e-Invoice transmission mechanisms; MyInvois Portal by IRBM or using API.

With API –

  • This is designed for larger taxpayers or businesses dealing with substantial transaction volumes, the API offers a more direct and efficient method of transmitting data between the taxpayers’ system and the MyInvois system.
  • Although implementing the API requires an upfront investment in technology and adjustments to the existing systems, it proves to be a worthwhile investment in the long run.
  • Businesses can either directly integrate with these apis through their IT teams or can integrate via an service provider. A service provider here could be either ERP System integrators or traditionally IT service providers or eInvoice service providers accredited by MDEC.

Introducing Compliance-as-a-Service and Peppol Access Point

Valtatech offers a comprehensive eInvoice solution that helps businesses in Malaysia achieve e-invoice compliance effortlessly. Valtatech’s Compliance-as-a-Service (CAAS) solution automates the invoicing process, ensuring adherence to the tax authority’s requirements.

With Valtatech as service provider to comply with LHDN, taxpayers will not only get compliant with LHDN but also with Malaysian national e-invoicing initiative driven by MDEC to achieve business efficiencies by streamline their e-Invoice processes, ensuring accuracy and reducing the risk of manual errors. The integration of e-Invoicing not only offers a seamless experience for taxpayers but also enhances operational efficiency and boosts adherence to tax regulations.

At Valtatech we take great pride in the opportunity to help organisations automate and optimise their finance and procurement operations. Driven by our vast domain expertise, we have a well-defined approach to ensure that you are getting the most value from your investment, as soon as possible.

At the heart of everything we do is a razor-sharp focus on delivering business value, Value is ultimately a common vision of what success looks like. It’s visibility. It’s savings. It’s user adoption. It’s compliance. It’s best practice. It’s all of that combined. It’s what we define, together, as our shared objective. Value is what we measure and what we strive for.

Delivering Measurable Value and Driving Best Practice

Define. Execute. Advance.

Our three step approach covers the full end to end transformation process from initial strategy to business case to implementation and value realisation.

Define

Define

Drive Optimisation and Automation

Ensure that you are effectively uniting your people to right-sized technology and processes based on best practice that delivers measurable value and ROI.
Execute

Execute

Technology and Process Implementation

Our team of Source-to-Pay / E-Invoicing experts ensure that your time to value is as short as possible. Driven by adherence to best practice and process re-design we can ensure predictable results and predictable costs.
Advance

Advance

Drive Optimisation and Automation

Driven by real-time data and a sustainable roadmap to continually mature your organisations operations we support your journey to best-in-class.
Define

Define

Setting you up for success
There is a huge amount of measurable value to be unlocked in your finance and procurement process but you have to know where to look.

Source to Pay/ E-Invoicing projects can be big, heavy initiatives to undertake with little margin for errors. Timing, planning and momentum are the key to success. We take the guess work out of unlocking value from your finance and procurement process and delivering it as quickly as possible – mitigating the risk of expensive failures – this phase is worth its weight in gold.

We ensure you

  • Understand your current processes and pain points
  • Understand your current technology stack
  • Can define your future process guided by best practice
  • Have a transformation roadmap you can deliver
  • Can realistically measure savings and benefits
  • Cut through unnecessary transformation activities to move quickly, deliver value and build momentum

Includes

  • Strategy and Business Case
  • As-is Process Assessment
  • Maturity Assessment
  • To-Be Process Roadmap
  • Requirements Assessment/Gathering
  • ROI and Benefits Realisation Plan
  • Systems Architecture
Execute

Execute

Controlled Implementation – Predictable Results
A well-designed Source to Pay / E-Invoicing project avoids common pitfalls, delivers measurable benefits for the end users and builds momentum.

Our team of Source to Pay / E-Invoicing experts have a long, proven track record in delivering projects on time, on budget, and on-scope. Partnering with us ensures you achieve the expected benefits of optimisation and automation.

Our team of experts will

  • Align your business needs with best practices
  • Improve how you do business with your suppliers
  • Ensure your core systems are integrated to deliver a single source of truth for spend
  • Guarantee that the end-user experience for internal and external users drives required adoption
  • Empower your organization to continuously mature its supply chain
  • Reduce supply chain risk while maximizing savings and quality
  • Capture value quickly and sustainably over time
  • Benchmark your success to industry leaders

Includes

  • Simplification of processes to adopt best practices
  • Implementation Plan
  • Design Documentation
  • Test Results, User Acceptance and Traceability Matrix
  • Integrations to Enterprise Systems
  • Change Management and Training
  • Supplier Catalogues/Punchout Enablement
  • Supplier Enablement into eInvoicing Programs
  • Hypercare
Advance

Advance

Mature your operations to continually drive more value

Guarantee that your people, processes and technology mature in line with your businesses changing needs and priorities. Identify additional avenues to drive further automation and optimisation and enable your team to focus on value adding activities.

Our team of experts will

  • Ensure you maintain momentum to drive more value
  • Lower the total cost of ownership (TCO)
  • Identify and resolve areas where user adoption can be improved
  • Identify and improve your buying processes with your suppliers
  • Ensure you remain at the forefront of industry and technology trends

Includes

  • Platform Administration
  • Platform Upgrades, Testing and Release Management
  • User Support
  • Ongoing Strategic Supplier Enablement into eInvoicing Programs
Banner Ornamnet Desktop.svg

Book In a Consultation with Our Experts

Speak To An Expert