(From left to right) Daniel Cheong, Head of Consumer Banking Malaysia, CIMB; Peggy Tan, Deputy Managing Director, CG Group (Switch / Urban Republic); Li Chau Ging, Managing Director, CG Group (Switch / Urban Republic); and Azrul Fakhzan Mainor, Senior Director of PayNet’s Commercial Division, have launched an instant e-invoice submission service.  Urban Republic and Switch are the first smartphone and gadget retailers in Malaysia to offer this seamless feature through CIMB’s payment terminals.

This innovative service eliminates the need for customers to retain physical receipts as the receipts would be emailed to them immediately upon completing the transactions. By simply completing their purchase at any Switch or Urban Republic store using a CIMB terminal, customers can submit for their official e-invoice. This streamlined process enhances convenience, reduces paper waste, and provides a secure and efficient way to manage purchase records.

"We are thrilled to partner with CIMB and PayNet to bring this cutting-edge solution to our customers," said Li Chau Ging Managing Director of Switch and Urban Republic. 

"As the largest smartphone and gadget retail chain in Malaysia, we are committed to providing exceptional customer experiences. This instant e-invoice submission service underscores our dedication to innovation and sustainability, offering our customers a seamless and environmentally friendly transaction process."

This collaboration leverages CIMB’s advanced payment terminal technology and PayNet’s robust payment infrastructure to deliver a seamless and secure e-invoice submission experience. Customers can easily access their e-invoice details directly on the terminal screen and opt to have it sent to their registered email address or mobile device.

Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad said, “At CIMB, we are committed to advancing our customers and society, and thereby continuously introducing enhanced services for their benefit.  We are pleased to partner with PayNet to introduce an innovative solution through Switch and Urban Republic, so that our customers can have e-invoices directly and promptly shared with them. This we believe will help the merchant, the customer and by extension the government to make things simpler, better and faster for all.”

“As Malaysia’s national payments network, PayNet is committed to fostering seamless and secure digital payment transactions. This initiative exemplifies how strategic collaboration can accelerate digital adoption and enhance the retail experience for both businesses and consumers," said Azrul Fakhzan Mainor, Senior Director of PayNet’s Commercial Division. "By enabling instant e-invoice submission through our payment infrastructure, we are making transactions more efficient, sustainable, and aligned with the needs of today’s digital-first economy.” 

This new service is now available at six Switch locations (Wangsa Walk Mall, Plaza Low Yat, Plaza Shah Alam, Quayside Mall, The Mines and Sunway Pyramid), and will be rolled out at 83 more Switch and 117 Urban Republic outlets by 15 June.   

Kuala Lumpur, Malaysia – Switch (Apple Premium Reseller) and Urban Republic, Malaysia’s leading smartphone and gadget retail store with over 200 locations nationwide, are proud to announce a groundbreaking advancement in customer service. In collaboration with CIMB Bank Berhad (“CIMB”) and Payments Network Malaysia Sdn Bhd (“PayNet”), Switch and Urban Republic are now the first smartphone and gadget retail stores in Malaysia to offer e-invoice submission directly through CIMB’s payment terminals, upon transaction completion. (From left to right) Daniel Cheong, Head of Consumer Banking Malaysia, CIMB; Peggy Tan, Deputy Managing Director, CG Group (Switch / Urban Republic); Li Chau Ging, Managing Director, CG Group (Switch / Urban Republic); and Azrul Fakhzan Mainor, Senior Director of PayNet’s Commercial Division, have launched an instant e-invoice submission service. Urban Republic and Switch are the first smartphone and gadget retailers in Malaysia to offer this seamless feature through CIMB’s payment terminals.This innovative service eliminates the need for customers to retain physical receipts as the receipts would be emailed to them immediately upon completing the transactions. By simply completing their purchase at any Switch or Urban Republic store using a CIMB terminal, customers can submit for their official e-invoice. This streamlined process enhances convenience, reduces paper waste, and provides a secure and efficient way to manage purchase records."We are thrilled to partner with CIMB and PayNet to bring this cutting-edge solution to our customers," said Li Chau Ging Managing Director of Switch and Urban Republic. "As the largest smartphone and gadget retail chain in Malaysia, we are committed to providing exceptional customer experiences. This instant e-invoice submission service underscores our dedication to innovation and sustainability, offering our customers a seamless and environmentally friendly transaction process."This collaboration leverages CIMB’s advanced payment terminal technology and PayNet’s robust payment infrastructure to deliver a seamless and secure e-invoice submission experience. Customers can easily access their e-invoice details directly on the terminal screen and opt to have it sent to their registered email address or mobile device.Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad said, “At CIMB, we are committed to advancing our customers and society, and thereby continuously introducing enhanced services for their benefit. We are pleased to partner with PayNet to introduce an innovative solution through Switch and Urban Republic, so that our customers can have e-invoices directly and promptly shared with them. This we believe will help the merchant, the customer and by extension the government to make things simpler, better and faster for all.”“As Malaysia’s national payments network, PayNet is committed to fostering seamless and secure digital payment transactions. This initiative exemplifies how strategic collaboration can accelerate digital adoption and enhance the retail experience for both businesses and consumers," said Azrul Fakhzan Mainor, Senior Director of PayNet’s Commercial Division. "By enabling instant e-invoice submission through our payment infrastructure, we are making transactions more efficient, sustainable, and aligned with the needs of today’s digital-first economy.” This new service is now available at six Switch locations (Wangsa Walk Mall, Plaza Low Yat, Plaza Shah Alam, Quayside Mall, The Mines and Sunway Pyramid), and will be rolled out at 83 more Switch and 117 Urban Republic outlets by 15 June.

Mobile device

System / Website / Application development

Accounting

Banks / Credit unions

Local companies

Kuala Lumpur, Malaysia – Switch (Apple Premium Reseller) and Urban Republic, Malaysia’s leading smartphone and gadget retail store with over 200 locations nationwide, are proud to announce a groundbreaking advancement in customer service. In collaboration with CIMB Bank Berhad (“CIMB”) and Payments Network Malaysia Sdn Bhd (“PayNet”), Switch and Urban Republic are now the first smartphone and gadget retail stores in Malaysia to offer e-invoice submission directly through CIMB’s payment terminals, upon transaction completion.

Switch and Urban Republic Lead Malaysian Retail with Instant E-Invoice Submission via CIMB Terminals

As Malaysia moves toward mandatory e-invoicing, businesses must choose the right software to ensure compliance and enhance efficiency. This guide dives into the crucial aspects of e-Invoicing Software in Malaysia requirements, must-have software features, benefits, challenges, and key considerations for choosing the perfect solution.

e-Invoicing Software in Malaysia Requirements for Compliance

Malaysia’s e-invoicing mandate is rolling out in phases. Larger enterprises are required to comply first, eventually encompassing SMEs and smaller businesses. This phased approach gives businesses time to adapt but also highlights the importance of selecting the right e-invoicing software from the start.

LHDN Compliance: Software must align with Malaysia’s Inland Revenue Board (LHDN) standards.

Peppol Framework Compliance: Malaysia’s e-Invoicing system is based on Peppol standards, prioritizing secure, standardized, and interoperable electronic document exchanges.

Integration with Existing Business Systems: Ensuring the chosen software can integrate seamlessly with existing systems like SAP, Oracle, or Netsuite.

With the right e-Invoicing Software in Malaysia, businesses can efficiently meet compliance requirements while streamlining their invoicing processes.

Key Features to Look for in e-Invoicing Software in Malaysia

The best e-invoicing software isn’t just compliant and has features that enhance business operations and data security. Here’s what to prioritize:

Automated Invoice Generation and Validation: Automation minimizes human error, enhances data accuracy, and speeds up invoicing.

Customizable API Integration: A good solution offers API integration capabilities, allowing it to work seamlessly with ERP systems to avoid data duplication and manual entry.

Multi-Format Support and Customizable Templates: Flexible software should support various invoice formats and enable customization to fit different client needs.

Real-Time Data Access and Reporting: Access to real-time insights improves decision-making, enhances compliance tracking, and gives companies better control over cash flow.

Robust Security Measures: Cloud-based solutions should ensure data encryption, secure access controls, and compliance with data protection laws.

These features support compliance and streamline operations, making invoicing more accessible and efficient.

Benefits of Using e-Invoicing Software for Malaysian Businesses

The advantages of adopting <a href="https://gsthero.com/my/">e-invoicing software in Malaysia</a> are clear. Here’s how a compliant solution can transform invoicing:

Enhanced Compliance and Reduced Risk of Penalties: Automated validation ensures invoices are error-free and compliant, reducing the risk of penalties from non-compliance.

Improved Cash Flow and Financial Visibility: Faster invoicing and better payment tracking improve cash flow and financial clarity.

Efficiency Gains: Automation reduces manual data entry, saving time and cutting down on repetitive tasks, allowing staff to focus on strategic activities.

Scalability as Business Grows: Scalable solutions allow businesses to handle increasing invoice volumes seamlessly, supporting growth without needing a new system.

Overcoming Common Challenges with e-Invoicing Software for&nbsp;

Implementing new software comes with challenges, and e-invoicing is no exception. Here’s how to manage some typical limitations:

Data Security Concerns: Ensure the software provider has robust security certifications, data encryption, and compliance with international data protection laws.

Integration with Current Systems: Look for software that offers API support and pre-built integrations to ease the transition and prevent data silos.

Setup and Training Requirements: Opt for a provider that offers comprehensive training and onboarding support to maximize software utilization from day one.

With many options on the market, evaluating software can be overwhelming. Here’s a step-by-step approach:

Identify Key Needs: List essential features, including compliance requirements, integration capabilities, and scalability.

Test with Demos: Many providers offer free trials or demos. Test the software to ensure it meets your business needs and integrates with your existing systems.

Check Vendor Reputation: Research customer reviews, case studies, and support options to ensure the provider has a strong track record in Malaysia.

Assess Scalability and Future Needs: Choose a solution that can scale with your Business, supporting current operations and future growth.

With these criteria, businesses can narrow down options and select an e-invoicing software Malaysia solution that meets their compliance and operational needs.

GSTHero e-invoicing software for Malaysia is PEPPOL-compliant, providing businesses with a streamlined, secure solution for digital invoicing that meets local and international standards. By automating invoicing processes, it reduces manual errors, enhances data accuracy, and supports seamless interoperability across platforms. Built to fit into existing systems, this solution enables real-time invoicing and compliance without hassle, making it a practical choice for businesses seeking to stay ahead of regulatory requirements in a straightforward, efficient way.

FAQs on Choosing the Right e-Invoicing Software for Malaysia

What makes e-invoicing software compliant with Malaysia’s regulations?

Compliance with Malaysia’s e-invoicing standards requires the software to follow guidelines from the Inland Revenue Board (LHDN) and integrate Peppol framework standards for secure, interoperable invoicing.

Can e-invoicing software integrate with any ERP system?

\Most advanced e-invoicing solutions offer customizable API integrations that can connect with ERP systems like SAP, Oracle, and Netsuite. Always check integration capabilities with your provider to ensure compatibility with your existing systems.

How does Peppol compliance impact e-invoicing software selection?

Peppol compliance is critical as it ensures secure, standardized document exchange, enabling businesses to interact easily with international clients and partners. Choosing Peppol-compliant software simplifies compliance with Malaysian and international invoicing standards.

What are the top benefits of automation in e-invoicing?

Automation in e-invoicing reduces manual data entry, eliminates errors, ensures compliance, and speeds up invoice processing, all of which contribute to improved cash flow and operational efficiency.

How can I ensure the e-invoicing software I choose is future-ready?

Look for scalable solutions, offer regular compliance updates, and support new integrations, allowing your Business to adapt as invoicing regulations and business needs evolve.

Discover the essential aspects of choosing e-invoicing software in Malaysia to meet compliance requirements and drive business efficiency. Learn about key features, compliance phases, benefits, and tips to select the right solution for streamlined, secure invoicing. As Malaysia moves toward mandatory e-invoicing, businesses must choose the right software to ensure compliance and enhance efficiency. This guide dives into the crucial aspects of e-Invoicing Software in Malaysia requirements, must-have software features, benefits, challenges, and key considerations for choosing the perfect solution.<h2>e-Invoicing Software in Malaysia Requirements for Compliance</h2>Malaysia’s e-invoicing mandate is rolling out in phases. Larger enterprises are required to comply first, eventually encompassing SMEs and smaller businesses. This phased approach gives businesses time to adapt but also highlights the importance of selecting the right e-invoicing software from the start.Key requirements include:LHDN Compliance: Software must align with Malaysia’s Inland Revenue Board (LHDN) standards.Peppol Framework Compliance: Malaysia’s e-Invoicing system is based on Peppol standards, prioritizing secure, standardized, and interoperable electronic document exchanges.Integration with Existing Business Systems: Ensuring the chosen software can integrate seamlessly with existing systems like SAP, Oracle, or Netsuite.With the right e-Invoicing Software in Malaysia, businesses can efficiently meet compliance requirements while streamlining their invoicing processes.<h2>Key Features to Look for in e-Invoicing Software in Malaysia</h2>The best e-invoicing software isn’t just compliant and has features that enhance business operations and data security. Here’s what to prioritize:Automated Invoice Generation and Validation: Automation minimizes human error, enhances data accuracy, and speeds up invoicing.Customizable API Integration: A good solution offers API integration capabilities, allowing it to work seamlessly with ERP systems to avoid data duplication and manual entry.Multi-Format Support and Customizable Templates: Flexible software should support various invoice formats and enable customization to fit different client needs.Real-Time Data Access and Reporting: Access to real-time insights improves decision-making, enhances compliance tracking, and gives companies better control over cash flow.Robust Security Measures: Cloud-based solutions should ensure data encryption, secure access controls, and compliance with data protection laws.These features support compliance and streamline operations, making invoicing more accessible and efficient.<h2>Benefits of Using e-Invoicing Software for Malaysian Businesses</h2>The advantages of adopting <a href="https://gsthero.com/my/">e-invoicing software in Malaysia</a> are clear. Here’s how a compliant solution can transform invoicing:Enhanced Compliance and Reduced Risk of Penalties: Automated validation ensures invoices are error-free and compliant, reducing the risk of penalties from non-compliance.Improved Cash Flow and Financial Visibility: Faster invoicing and better payment tracking improve cash flow and financial clarity.Efficiency Gains: Automation reduces manual data entry, saving time and cutting down on repetitive tasks, allowing staff to focus on strategic activities.Scalability as Business Grows: Scalable solutions allow businesses to handle increasing invoice volumes seamlessly, supporting growth without needing a new system.<h3>Overcoming Common Challenges with e-Invoicing Software for&nbsp;</h3>Implementing new software comes with challenges, and e-invoicing is no exception. Here’s how to manage some typical limitations:Data Security Concerns: Ensure the software provider has robust security certifications, data encryption, and compliance with international data protection laws.Integration with Current Systems: Look for software that offers API support and pre-built integrations to ease the transition and prevent data silos.Setup and Training Requirements: Opt for a provider that offers comprehensive training and onboarding support to maximize software utilization from day one.<h2>Choosing the Right e-Invoicing Software</h2>With many options on the market, evaluating software can be overwhelming. Here’s a step-by-step approach:Identify Key Needs: List essential features, including compliance requirements, integration capabilities, and scalability.Test with Demos: Many providers offer free trials or demos. Test the software to ensure it meets your business needs and integrates with your existing systems.Check Vendor Reputation: Research customer reviews, case studies, and support options to ensure the provider has a strong track record in Malaysia.Assess Scalability and Future Needs: Choose a solution that can scale with your Business, supporting current operations and future growth.With these criteria, businesses can narrow down options and select an e-invoicing software Malaysia solution that meets their compliance and operational needs.<h3>Conclusion</h3>GSTHero e-invoicing software for Malaysia is PEPPOL-compliant, providing businesses with a streamlined, secure solution for digital invoicing that meets local and international standards. By automating invoicing processes, it reduces manual errors, enhances data accuracy, and supports seamless interoperability across platforms. Built to fit into existing systems, this solution enables real-time invoicing and compliance without hassle, making it a practical choice for businesses seeking to stay ahead of regulatory requirements in a straightforward, efficient way.<h3>FAQs on Choosing the Right e-Invoicing Software for Malaysia</h3><h2>What makes e-invoicing software compliant with Malaysia’s regulations?</h2>Compliance with Malaysia’s e-invoicing standards requires the software to follow guidelines from the Inland Revenue Board (LHDN) and integrate Peppol framework standards for secure, interoperable invoicing.<h2>Can e-invoicing software integrate with any ERP system?</h2>\Most advanced e-invoicing solutions offer customizable API integrations that can connect with ERP systems like SAP, Oracle, and Netsuite. Always check integration capabilities with your provider to ensure compatibility with your existing systems.<h2>How does Peppol compliance impact e-invoicing software selection?</h2>Peppol compliance is critical as it ensures secure, standardized document exchange, enabling businesses to interact easily with international clients and partners. Choosing Peppol-compliant software simplifies compliance with Malaysian and international invoicing standards.<h2>What are the top benefits of automation in e-invoicing?</h2>Automation in e-invoicing reduces manual data entry, eliminates errors, ensures compliance, and speeds up invoice processing, all of which contribute to improved cash flow and operational efficiency.<h2>How can I ensure the e-invoicing software I choose is future-ready?</h2>Look for scalable solutions, offer regular compliance updates, and support new integrations, allowing your Business to adapt as invoicing regulations and business needs evolve.

SMEs

Cloud service

Discover the essential aspects of choosing e-invoicing software in Malaysia to meet compliance requirements and drive business efficiency. Learn about key features, compliance phases, benefits, and tips to select the right solution for streamlined, secure invoicing.