In today’s digital age, electronic invoicing (e-invoicing) has emerged as a powerful tool for streamlining business processes, reducing costs, and enhancing efficiency. Implementing an e-invoicing system in Malaysia, aimed at promoting digital transformation and improving the business environment.
Wizard’s e-Invoicing solution seamlessly aligns with LHDN’s guidelines and is aimed at making your e-Invoicing implementation a breeze. Generating of e-invoices in just a few clicks with Wizard’s fast and seamless e-invoicing software. With the help of our solution, you can get e-invoicing ready in just a few days and enjoy the fastest e-invoice generation.
An E-Invoice is a digital representation of a transaction between a supplier and a buyer. E-Invoice replaces paper or electronic documents such as invoices, credit notes, and debit notes.
An E-Invoice contains the same essential information as traditional document, for example, supplier’s and buyer’s details, item description, quantity, price excluding tax, tax, and total amount, which records transaction data for daily business operations.
Faster Processing: Electronic invoices can be processed much faster than traditional paper invoices. This leads to quicker payments and improved cash flow management for business.
Accuracy & Reduces Errors: Automation reduces the likelihood of errors that can occur with manual data entry. This improves the accuracy of invoicing and reduces the time spent on resolving discrepancies.
Cost Saving: E-invoicing reduces the costs associated with paper-based processes, such as printing, postage and storage .It also lowers the administrative burden of manual data entry and processing.
Visibility & Transparency: Both Suppliers and Buyers have improved visibility into invoice status and payment cycles, leading to better financial planning and Management.
Seamless Integration to LHDN: Experience effortless integration between Wizard’s e-invoicing solution and the Malaysia’s LHDN Mye-Invoice System, ensuring smooth data transmission and compliance with LHDN regulations.
User-Friendly Interface: Intuitive interface that simplifies the e-invoicing process. With approval control, users can easily review and approve e-invoices before submitting them to LHDN.
Reliable Support and Assistance: Benefit from dedicated customer support and assistance from Wizard, ensuring a smooth implementation process and ongoing assistance for any inquiries or issues that may arise.
Maintain Data Security and Integrity: Wizard’s e-Invoicing prioritizes the security of your financial data, employing industry-standard encryption, secure cloud infrastructure, and stringent access controls to safeguard sensitive information.
Support for Digital Economy Initiatives: Malaysia, Like many countries , is increasingly promoting digital transformation initiatives. E-Invoicing aligns with these efforts by encouraging businesses to adopt digital practices.
