End-to-end automation for multi-source input to multi-country compliant Electronic Invoices is provided by mye-Invoice.
Wizard empowers your organization to gain a competitive edge. Armed with state-of-the-art information technology tools, techniques and a skilled workforce, we provide you with customized solutions for all your business processes.
Wizard Vision and Mission both are inspiring our employees to accomplish goal. To grow current position and get a larger market as well as to provide the simple IT solutions to client. We understand the client’s requirement, analyse it and provide the best IT solutions. We satisfy our clients by our services and implement it with more effictive software solution strategies.
At Wizard, our clients are not just customers; they are valued partners in our journey of success. We work diligently to ensure that our customers are satisfied with our service. The entire organisation is aware that it is much easier to retain an existing customer than to win over a new customer. Our method of keeping customers loyal is simple; we arrive on site on time, in an efficient manner, get the job done on schedule and within budget, and depart only after our customer is 100% satisfied.
Malaysia is a rapidly developing economy with a growing number of businesses engaged in cross-border trade. Traditional paper-based invoicing processes often result in delays, errors, and increased administrative costs.
E-invoicing, refers to the process of issuing, transmitting and receiving invoices in a structured electronic format that allows for automatic and electronic processing. This digital approach replaces traditional paper and PDF invoices, offering a streamlined, cost-effective and efficient method of handling invoices.
E-Invoice will be implemented in phases to ensure smooth transition. The roll-out of e-Invoice has been planned with careful consideration, taking into account the turnover or revenue thresholds, to provide taxpayers with sufficient time to prepare and adapt to the e-Invoice implementation.
In March 2023, Inland Revenue Board of Malaysia (IRBM) announced that all businesses registered in Malaysia are required to generate e-invoices for B2B, B2G and B2C transactions.E-Invoicing applies to all taxpayers undertaking commercial activities in Malaysia
E-invoices are digital versions of paper invoices used for the exchange of financial transactions between businesses and government authorities. There are different types of e-invoices, categorized based on how they are structured, transmitted, and integrated into systems. Each type of e-invoice serves a different purpose and aligns with the specific needs of businesses.
The e-Invoice model adopted by the Government ensures a comprehensive and standardized approach to the generation, transmission and recordkeeping of transaction documents.
The below diagram demonstrates an overview of the E-Invoice workflow from the point a sale is made or transaction undertaken, and an E-Invoice is issued by the supplier via API, up to the point of storing validated E-Invoice s on IRBM’s database for taxpayers to view their respective historical E-Invoices.
Wizard’s e-invoicing system offers a range of features to streamline the invoicing process, enhance efficiency, reduce errors, and improve overall financial management for businesses.
Our e-Invoicing Solution is designed to effortlessly adhere to LHDN guidelines, positioning it as the preferred choice in Malaysia for easy adoption. With IRBM’s approval, we are committed to simplifying your transition to e-Invoicing.
Wizard’s E-invoicing System includes the process of generating, transmitting, and receiving invoices in a digital format, typically through a secure platform. It offers several benefits over traditional paper-based invoicing systems.
Wizard’s E-invoice integrators play a crucial role in automating and streamlining the process of generating, sending, receiving, and processing e-invoices between businesses, governments, and third parties. Wizard integrators bridge the gap between a company’s internal systems (like ERP, accounting, or financial systems) and external e-invoicing platforms or networks, ensuring smooth data exchange.
Wizard’s roadmap for e-invoicing is a strategic plan that outlines the steps, milestones, and best practices for implementing e-invoicing in an organization. It ensures a smooth transition from traditional manual or paper-based invoicing systems to a fully automated, digital invoicing process.
Wizard’s Delivery Approach in the context of e-invoicing system implementation outlines the methodology and strategy for deploying the system across an organization. It defines the steps to ensure a successful rollout of e-invoicing, from planning and design to post-implementation support. The goal is to ensure that the system meets both business needs and compliance requirements, while minimizing disruptions and ensuring smooth adoption by users.
Wizard’s deployment model refers to the way the e-invoicing solution is deployed, configured, and integrated within an organization's IT infrastructure. The choice of deployment model depends on various factors such as business size, security requirements, compliance regulations, integration needs, and the desired level of control over the system. There are different deployment models that organizations can choose for their e-invoicing solutions.
Ensuring a secure middleware environment is a top priority for our company, as it is crucial to safeguard our systems and data from potential threats. We adhere to comprehensive set of security policies and practices to proficiently manage and secure our middleware that includes
Wizard offers more than e-invoicing. Select the subscription plan that best suits your business size and invoicing needs.
Integrating e-Invoice API into your business workflow can significantly streamline your invoicing processes, improve accuracy, and enhance cash flow management. By automating the invoicing and payment process, you can save time, reduce errors, and offer your customers a seamless experience. Whether you’re a small business or a large enterprise, the e-Invoice API can provide the flexibility, security, and scalability you need to handle your billing efficiently.
