During the latest Budget speech in October 2023, Malaysia's Prime Minister, YAB Dato’ Seri Anwar Bin Ibrahim, unveiled plans for the phased implementation of e-Invoicing, a digital leap aimed at enhancing the efficiency of tax administration management across Malaysia.
The mandate is clear: Companies with revenues over RM100 million must align with this new directive by August 1, 2024, and the rest are to follow suit by 2025.
Fully aware of the profound impact this shift will bring to all industries, Finexus has stepped up to the plate with a swift and strategic response. Finexus is introducing their e-Invoicing solution called AREMA, designed to seamlessly navigate and comprehensively fulfil LHDN’s e-Invoicing compliance requirements from start to finish.
Finexus is offering a few models to cater for all industries:
Enterprise Model
For clients from the Banking or Insurance industries who need to fulfil regulatory compliance such as RMiT, and any MNCs or Corporations requiring similar Managed Services
Single Instance and Single Tenant, with no co-mingling of Data
Dedicated 24x7 support
Hosted in a secured environment, PCI DSS Level 1 and RMiT compliant
Premium Model (Customised)
For companies that require API (real-time) or automated Batch Upload to integrate their Accounting Systems (such as SAP, ORACLE, ERP Systems) with the AREMA platform
Professional technical services offered to facilitate the integration of your systems with AREMA
Technical and Help Desk Support on Monday - Friday from 9 - 6 PM
Hosted in a secured environment, PCI DSS Level 1 and RMiT compliant
Standard Model (Self-Service)
For companies or individuals who prefer a self-managed approach, allowing them to manually key in or batch upload data to the AREMA Portal and obtain validated invoices from LHDN
Includes help desk support via email with a response time of within 2 business days
Retail Model (Walk-In Customers)
For walk-in customers of retail shops, outlets, supermarkets, and F&B restaurants
Enables customers to generate their own LHDN-validated invoices at their convenience
The Key Advantages of the AREMA LHDN e-Invoicing System
Seamless Integration: AREMA middleware effortlessly connects your accounting systems to the LHDN Portal with minimal or no modifications needed to your existing systems
Cost and Time Efficiency: Eliminate the need for accounting system upgrades, saving significant time and effort in retesting
Hassle-Free: Any updates from LHDN are automatically managed by AREMA, ensuring you the ease of leaving your host system untouched
Enhanced Database: Extended database to accommodate additional LHDN-required data
Automated Data Management: Features Auto Data Enrichment or Populator for streamlined data handling
Comprehensive Reconciliation: Ensures alignment between your ERP or Accounting System, AREMA, and LHDN
Expert Exception Handling: Efficient management of operational exceptions for smoother processes
Why Finexus?
Specialising in both regulatory reporting and regulatory payments compliance systems, Finexus stands out as a diversified and dynamic company in the technology landscape. Excited to learn more? Explore the world of possibilities with Finexus at https://www.finexusgroup.com/arema/
For more information on Finexus’ AREMA LHDN e-Invoicing Solutions, please reach out to [email protected]
This article is provided by Finexus
The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.
