Leave your
LHDN E-invoice with us

About Us

Welcome to SF Asia Solutions Sdn Bhd, where financial innovation meets empowerment. As a pioneering fintech company, we revolutionize the way businesses navigate the financial landscape. At SFAS Fintech, we're not just reimagining finance; we're shaping a future where everyone has the tools to make informed financial decisions and achieve lasting prosperity.

What We Offer?

We make the switch to LHDN e-invoicing simple. Ensure compliant and exchange invoices with all
your customers and suppliers on SmartInvoice’s single, cloudbased e-invoicing platform.

Fully digitalized Platform

Self Service Portal

Exception Process Management Tool

Single platform, multiple entities onboarding

Customizable and Scalable

Cloud based Solutions

Automated exception handling dashboard

Seamless end to end

LHDN complaint

Our Goals

Our Goal

With SmartInvoice's cloud-based LHDN einvoicing solutions, accounting teams can achieve fully automated financial document flows directly between company ERP systems. No matter your industry or business size, you can issue, transmit, receive and process all your invoices electronically, in compliant with Malaysia e-invoicing and Continuous Transaction Control guidelines.
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Business
Digitalisation

Achieve 100% digital handling of e-invoice by connecting to our network.

LHDN

LHDN
compliant

Ensure invoicing and tax compliant from everywhere you operate

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Seamless

Integrate into any system with minimal interfaces or interrupting operations

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Accurate

Guarantee correct data on all of your inbound and outbound invoices.

Our Solutions

Tax

LHDN eInvoice

Fully compliant to Malaysia National eInvoice Initiative (NEI) on tax reporting with LHDN and Business Digitalisation Initiative with Peppol Access Point accredited by MDEC.

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AR Automation

Automate AR reconciliation with payment. Our solution harnesses the power of automation to simplify invoicing, accelerate payment cycles and enhance cashflow management.

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E-Financing

End-to-end Channel Finance with diverse funding partners. Our eFinancing platforms empower businesses to access capital quickly, efficiently, and with reduced bureaucracy.

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Frequent ask questions

1What does e-invoice mean?

"E-Invoice" denotes the electronic process of documenting each transaction. With the comprehensive adoption of electronic invoicing, there will be no requirement to preserve physical receipts anymore. Instead, all transaction records will be securely stored in the LHDN database. During the annual tax return filing, eligible expenses will be automatically reconciled in the system, removing the necessity for taxpayers to input them manually.

2When is the implementation scheduled?

As outlined in Budget 2024, the Prime Minister has suggested that the initial phase of mandatory e-invoicing will kick off in August 2024. The objective is to fully enforce the e-invoicing policy by July 2025, which is 18 months earlier than the previously estimated timeline.

Details of the e-invoice implementation schedule are as follows:

Targeted TaxpayersImplementation Date
Stage 1Companies with a turnover of RM100 million and above01/08/2024
Stage 2Companies with a turnover of RM25 million and above01/01/2025
Stage 3All businesses01/07/2025
3Is a PDF invoice considered an e-invoice?

No, an e-invoice specifically pertains to an invoice that is created, issued, and capable of generating documents that the LHDN system can automatically interpret in an electronic format.

Documents meeting the criteria include XML and JSON.

Documents not meeting the criteria include PDF, DOC, JPG, and others.

4What sets SmartFund e-invoicing software apart, and why should your business consider it?
  1. Personalized Guidance:
    • Benefit from personalized guidance and support provided by our Dedicated Account Manager.
  2. Data Accuracy:
    • Rely on SmartFund's robust data validation process, ensuring 99.99% accuracy in e-invoice generation.
  3. Effortless Integration:
    • Seamlessly integrate our software with over 50 ERP systems using web APIs, achieving compliance within 4-6 weeks without requiring any code changes.
  4. Data Security:
    • Secure your e-invoice data for up to 7 years on our SLA-backed cloud servers, ensuring both data integrity and accessibility.

Partnering with SmartFund transforms e-invoicing compliance from a complex task to an effortless process in Malaysia.

1Compliant with the e-invoicing mandate in Malaysia
  1. Assess Applicability:
    • Before transitioning to e-invoicing, evaluate whether it is mandatory for your business or if you are opting for voluntary adoption. Additionally, scrutinize your existing invoicing process to identify potential time and cost savings.
  2. Select an E-invoicing Solution:
    • Choose an e-invoicing solution that aligns with your requirements and budget, ensuring seamless integration with your ERP system, such as SmartFund.
  3. Staff Training:
    • Equip your team with the necessary skills to operate the new e-invoicing system. This includes training them on creating, sending, and tracking e-invoices.

By following these steps, you can ensure your business is well-prepared for the transition to e-invoices.

2How does e-invocing help Malaysia?

The implementation of e-invoices in Malaysia is set to transform business practices and contribute to the nation's economic advancement. This innovation is poised to enhance operational efficiency, generate cost savings for businesses, and contribute to overall economic prosperity. Enterprises adopting e-invoices position themselves as leaders in embracing modern technologies. Through the digitization of invoices, businesses can streamline operations, reduce paperwork, and enhance the precision of transaction records.

3How to choose the right e-invoicing solution for your business in Malaysia?

To make the switch to e-invoicing smoother, the Inland Revenue Board of Malaysia (IRBM) has created two ways to send e-invoices:

*Portal : MyInvois Portal is a web-based portal that allows businesses to generate and submit invoices individually or upload them in bulk. This method is ideal for small businesses with a low volume of transactions.

*API: API integration allows businesses to connect their existing ERP system directly with the IRB's system, enabling automated e-invoice transmission. This method is suitable for large businesses with a high volume of transactions. There are three different types of API model:

  1. Connect your business's ERP system directly to MyInvois.
  2. Use a Peppol service provider.
  3. Use a non-Peppol technology provider.

Choosing the Right Method

The best method for your business will depend on your specific needs and transaction volume. If you have a small business with a low volume of transactions, the MyInvois Portal is a simple and affordable option. However, if you have a large business with a high volume of transactions, API integration is a more efficient and scalable solution.

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Contact us today!

SF Asia was formed to deliver and satisfy the most demanding corporate institutions especially client set from the lending industry. Our ability to deliver on promised solutions for these demanding clients have given us the confidence and earned us the reputation to grow and innovate new offerings.

Phone

T: +603-7954 9878 | M: +6012-209 2560

Address

C-43-2, JayaOne, 72A, Jalan Prof
Diraja Ungku Aziz, Petaling Jaya,
46200, Selangor D.E., Malaysia.

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