Malaysia e-Invoicing Mandate: Simplifying Business Processes with PEPPOL

The Malaysian Ministry of Finance is set to implement e-invoicing as part of its strategy to boost tax revenues and streamline tax administration, as stated in the 2023 Pre-Budget statement. MDEC and LHDN’s collaboration paves the way for the implementation of the National eInvoice Initiative, which prefers businesses to adopt the PEPPOL framework as the e-invoicing structure.

The National e-Invoicing Initiative and PEPPOL Adoption:

The National e-Invoicing Initiative in Malaysia is a significant step towards modernizing tax administration and increasing efficiency. By adopting the PEPPOL (Pan-European Public Procurement Online) framework, the initiative aims to facilitate seamless electronic invoice exchange between businesses and government entities. PEPPOL ensures interoperability and standardization, enabling businesses to connect and transact electronically with ease.

Esker's Role in the Malaysia e-Invoicing Mandate:

Esker is in the accreditation process (AP) as a Service Provider, and has played a pivotal role in helping Malaysian businesses comply with the e-invoicing mandate and leverage the advantages of PEPPOL. As a trusted provider of cloud-based document automation solutions, Esker offers a comprehensive suite of tools and services designed to streamline invoicing processes and facilitate seamless integration with the PEPPOL network.

Key Benefits of Esker's PEPPOL-Enabled Solution:

• Compliance Made Easy: Esker ensures seamless compliance with the Malaysia e-Invoicing mandate and PEPPOL standards. Businesses can confidently exchange e-Invoices with their trading partners, regardless of their systems or platforms.
• Error-Free Automation: Esker automates the entire e-Invoicing process, from creation and validation to delivery and archiving. Manual data entry is eliminated, reducing errors and enhancing accuracy.
• Smooth Integration: Esker's solution seamlessly integrates with existing enterprise resource planning (ERP) systems and other business applications, guaranteeing a hassle-free transition to e-Invoicing without disrupting workflows.
• Enhanced Visibility and Control: Gain real-time visibility into the status of e-Invoices with Esker's solution. Monitor and track invoices to identify and resolve issues promptly, ensuring timely payments.
• Cost Savings and Efficiency: Digitizing and automating invoicing processes with Esker leads to significant cost savings by eliminating paper usage, reducing manual labor, and minimizing errors. Faster invoice processing and payment cycles enhance operational efficiency.
• Secure and Compliant: Esker prioritizes data security and compliance with regulatory requirements. Leveraging PEPPOL's secure framework, e-Invoices are transmitted securely and encrypted, safeguarding sensitive financial information.
• MyInvois integration: Our solution seamlessly integrates with your existing systems, such as ERP, ensuring a smooth transition without disrupting your current operations. Once we receive the information from your ERP, we will send the information to IRBM and receive the validated information from IRBM using API integration. As one of the methods to transmit e-Invoice via API (Application Programming Interface) is through direct integration of taxpayer's ERP system with IRBM's MyInvois System,

The Malaysia e-Invoicing mandate, option to be powered by PEPPOL, offers Malaysian businesses an opportunity to simplify their invoicing processes and enhance efficiency. Esker's PEPPOL-enabled solution ensures seamless compliance, automates invoicing processes, and delivers cost savings, enhanced visibility, and improved compliance. By partnering with Esker, Malaysian businesses can embrace the future of e-Invoicing, stay ahead in the digital transformation journey, and optimize their operations. Contact Esker today to learn more about their PEPPOL-enabled solution for Malaysia e-Invoicing compliance.