Increased eInvoicing Adoption Set to Simplify Cross-Border Transactions - Link4 eInvoicing

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 eInvoicing. 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 eInvoicing 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 eInvoicing 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 eInvoicing 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 eInvoicing and emerging technologies to prepare businesses for the future. Key topics included:

Preparing for an eInvoicing project to achieve optimal outcomes.
Using eInvoicing 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 eInvoicing 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.

Media Contact Link4:

Kasun Illankoon – PR Specialist
[email protected]