KUALA LUMPUR: US-based Complyance Inc has formed a joint venture with Sabarinath Jothi and Jivan Muttupillai to establish a local entity called Complyance Solutions Sdn Bhd.

The collaboration marks a significant milestone in Complyance's journey to provide world-class e-invoicing solutions tailored for the Malaysian market, the company said.

Jothi is an angel investor, mentor and a serial entrepreneur with over 15 years of experience in the Malaysian market.

Muttupillai is the managing partner of Glosap Malaysia and former KPMG executive director with 26 years of consulting experience, transforming firms globally and enhancing growth and efficiency.

"Complyance Solutions is dedicated to delivering comprehensive Peppol and Inland Revenue Board (LHDN) e-invoicing solutions to businesses across Malaysia,

"Their user-friendly platform is designed to simplify the invoicing process, ensuring seamless compliance with all regulatory requirements. By partnering with them, businesses can focus on growth with confidence, knowing that the complexities of compliance are expertly managed," it added.

Complyance and its partners are actively collaborating with LHDN to implement cutting-edge e-invoicing solutions. 

Furthermore, Complyance is recognised by regulatory bodies worldwide for its efforts in optimising e-invoicing solutions to comply with global standards.

The company said Complyance Solutions simplifies the e-invoicing process, ensuring seamless integration with existing systems.

"Its platform eliminates the need for manual data entry, introducing automated efficiency across all operations. This not only saves time but also reduces the likelihood of errors, making the invoicing process more reliable and efficient."

It said streamlining e-invoicing processes will boost efficiency, reduces costs and saves valuable time and resources for businesses.

When adopting e-invoicing, it is important for business leaders to understand how it will fit into their operations to set them up for success. 

Start by evaluating current invoicing and compliance processes to identify areas for improvement, Complyance said.

"Opt for a reliable e-invoicing solution that offers comprehensive features and seamless integration. Ensure the team is trained on the new e-invoicing system and understands its benefits and functionalities.

"Stay informed about regulatory changes and updates to ensure continuous compliance. Utilise customisation options to tailor the e-invoicing system to specific business needs."

https://www.nst.com.my/business/corporate/2024/07/1084250/us-complyance-teams-malaysian-specialists-offer-world-class-e