The Access Group (“Access”) has announced its readiness to offer eInvoicing, specifically tailored for UBS software, the leading choice for over 100,000 SMEs in Malaysia. Developed continuously to meet market demands over the past three decades, UBS now introduces eInvoicing as its latest advanced feature.
This announcement comes as impending LHDN regulations are set to be implemented gradually from August 2024, underscoring Access’ commitment to global digital transformation through ongoing investments in digital infrastructure and top-tier software in the APAC region.
In collaboration with the Malaysia Digital Economy Corporation (MDEC), Access established a Global Operation Centre (GO Centre) in Kuala Lumpur this year, demonstrating its dedication to enhancing digital capabilities on a global scale from APAC.
Access has submitted its Peppol-Ready Solution Providers (PRSP) application to MDeC. The due diligence assessment has been completed, with a solution demonstration pending as the final step for market readiness.
Evan Puzey, General Manager of ERP APAC, emphasized the company’s dedication to regional customers.
“Our top priority is our customers, so we’re providing the UBS eInvoicing feature free of charge to active users of our UBS account, billing, and inventory modules providing there is no third-party costs involved from the government agencies or their partners. As we gear up to commence beta testing with selected customers in June, we’re excited to embark on this eInvoicing journey, poised to provide cutting-edge solutions that cater to the evolving needs of our customers and businesses in the region. “
For over 30 years, Malaysian SMEs have trusted Access UBS for unparalleled compliance, user-friendly features, and seamless integration, simplifying financial management tasks such as eLeave and Analytics. With Access eLeave, businesses benefit from efficient leave management and effortless monitoring. Access Analytics empowers customers to monitor and comprehend their accounting, inventory, and payroll performance easily. Make smarter business decisions using our pre-built reports or craft customized dashboards with our visualization tools.
Access prioritizes security by employing necessary measures to ensure the safety and integrity of each eInvoice sent and received through customer software. Each validated eInvoice from LHDN will be provided in PDF format, featuring a Unique Identifier Number and a QR Code for verification. Businesses can easily verify the validity of eInvoices through the LHDN MyInvois Portal.
“Backed by a robust network of more than 100 business partners in Malaysia, Access UBS Software ensures customers have access to best-in-market products and services tailored to their specific requirements. Access remains committed to its mission of providing innovative solutions that enable businesses to thrive in today’s dynamic market. With a focus on enhancing efficiency, ensuring compliance, and fostering growth, Access continues to set industry benchmarks in financial management software solutions,” Mr Puzey concluded.
In the upcoming initial release, the UBS eInvoicing feature will offer customers a variety of capabilities to enhance their invoicing experience, including:
- Submission of eInvoices to LHDN through their API
- Monitoring the status of eInvoices
- Approval or rejection before transmission to LHDN
- Ability to modify invoices until validation
- Data mapping to comply with ISO standards
- Generation of PDF invoices with QR Codes and UINs
- Option to send invoices individually, in batches, or consolidate multiple invoices into one
- Handling self-invoicing: creating eInvoices from AP invoice entries
- Supporting email delivery of PDF invoices
- Automatic storage of PDF invoices with transaction records using Document Attachment
- Utilising iAssist for transaction management
- Quick retrieval and resend of PDF invoices
- Plus, more features to enhance efficiency and productivity
For the past six months, Access has been hosting monthly webinars, providing an exclusive sneak peek into the progress of their eInvoicing solution for UBS customers and partners, while also updating the market on how eInvoicing will impact their businesses. These webinars have been attended by more than 7,000 participants, ensuring Access customers are well-prepared for the incoming requirements of electronic invoicing and its implications for business compliance.
Visit the Access Customer Lounge for an on-demand webinar.
