The ‘E-Invoicing Exchange Summit Asia Pacific’, held in Malaysia from November 25 to 27, 2024, brought together industry leaders, regulators, and technology experts to discuss the current and future trends, adoption, and regulations of e-Invoicing. Among the attendees was Sam Hassan, Chief Technology Officer of Link4, where he engaged with global stakeholders such as OpenPeppol, the Malaysia Digital Economy Corporation (MDEC), Singapore’s IMDA, the Digital Business Networks Alliance, Ministry of Business Innovation and Employment (MBIE), Global Exchange Network Association (GENA) and with the Australian Taxation Office (ATO).
“This summit was a vital opportunity to collaborate with leading organisations shaping the global e-Invoicing ecosystem. It provided valuable insights into the challenges and opportunities in fostering interoperability and advancing digital transformation across the Asia-Pacific region,” Hassan stated.
A major focus of the summit was on the upcoming regulatory milestones in the region, including:
- New Zealand’s e-Invoicing roadmap for 2025, designed to accelerate payment processes and streamline operations within government departments.
- Singapore’s “Five Corner” model, to be introduced by IMDA and IRAS in 2025, which will include new reporting requirements for B2B and non-e-Invoice data to enhance compliance and strengthen its digital economy.
The discussions also explored Malaysia’s integration of e-Invoicing into its tax framework and the role of Peppol in driving international interoperability.
Insights Shared at the Malaysia Budget 2025 Seminar
Hassan also participated as a speaker at the Malaysia Budget 2025 Seminar, hosted by the Tax Accountant Association of Malaysia and the Malaysian Institute of Accountants. During his session, he provided practical guidance on leveraging e-Invoicing and emerging technologies to prepare businesses for the future. Key topics included:
- Preparing for an e-Invoicing project to achieve optimal outcomes.
- Using e-Invoicing as a digital transformation tool to enhance efficiency beyond compliance requirements.
- The benefits of LHDN compliance and Peppol-enabled e-Invoice delivery for improving cash flow.
- The role of AI in boosting efficiency within accounting and finance teams, as well as examples of AI solutions available today.
- Strategies for securing tax data in the digital age.
- Predictions for the future of the accounting and tax industry in the era of AI.
Reflecting on his participation, Hassan stated, “The Malaysia Budget 2025 Seminar was an excellent platform to provide insights into leveraging technology for digital transformation in tax functions. From preparing for the e-Invoicing project and adopting Peppol-based compliance to improve cash flow, to exploring how AI can enhance operational efficiency, these discussions are critical for businesses adapting to a rapidly changing landscape.”
About Link4:
Link4 provides e-Invoicing Access Point services under the Peppol Framework and is an approved Peppol Access Point in South-East Asia. LinkFor offers comprehensive e-Invoicing solutions for businesses, facilitating seamless invoicing processes and fostering stronger trading partner relations.
For more information on LinkFor e-Invoicing: https://link4.asia/my/
Media Contact Link4:
Kasun Illankoon – PR Specialist
[email protected]
Find out more about e-Invoicing
- e-Invoicing in Malaysia: Turning Challenges Into Opportunities
- Link4 Successfully Implements e-Invoicing for Ardex QUICSEAL
- e-Invoicing Momentum Builds as January 2025 Phase 2 Deadline Looms
- Increased e-Invoicing Adoption Set to Simplify Cross-Border Transactions Across Asia
- How e-Invoicing Solutions Work with Oracle NetSuite and Why It Matters
Footnote: In this article, “e-invoicing” is used interchangeably to refer to electronic invoicing.
