Intuit Inc. (Intuit), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today the launch of its e-invoicing solution within Intuit QuickBooks that gives customers the necessary tools to ensure invoicing compliance without the complexity, costs and risks that come with manual processes.
E-invoicing has become increasingly popular with governments as it automates reporting and compliance, ensuring the accuracy of transactional data. To keep pace, Malaysian businesses will need to automate their processes to ensure compliance across an increasingly complex set of rules and regulations.
Lars Leber, Vice President of Intuit APAC said, “Our e-invoicing solution not only supports Malaysian businesses in meeting the Government’s compliance requirements – it also contributes to the Government’s broader goal of improving tax transparency and digital efficiency.”
“By streamlining reporting and reducing manual errors, we’re helping businesses operate more efficiently with cash flow visibility and fast-tracking payment turnaround times while enabling data accuracy for regulators.
“”We’re invested in driving the success of our customers in Malaysia and e-invoicing is just the beginning. We have more innovation to come as we continue to strengthen our position as an AI leader, building a platform where everything is in one place to run and grow your business, from lead to cash, with a virtual team of AI enabled agents and human experts.”
The e-invoicing solution will deliver several benefits to customers, including:
● Enhanced cash flows from the Malaysian government
● Simplified processes and greater efficiency, saving valuable time on business administration
● The ability to submit invoices in just a few clicks as well as tracking the status of e-invoices at any time and from the invoice dashboard
● Simple connections to the Inland Revenue board of Malaysia (LHDN)
● Full transparency and status updates throughout the e-invoicing process
● Risk prevention for issues of business continuity, supply chain and revenue loss associated with non-compliance
-HR HUB
