Accounts Receivable
Does your head hurt thinking about how difficult it is to support your company’s accounts receivable (AR) goals with your current credit and collections management practices? These essential functions are challenging enough without the added…
Imagine managing the credit department of a company and discovering that the payments you were expecting haven’t arrived. Frustrating, right? Now you have to send payment reminders to customers. Although it can seem like an annoying task, sending…
In times of great change and uncertainty, Accounts Receivable (AR) departments play an instrumental role in helping the business remain proactive, resilient and competitive. This blog aims to shed light on one crucial AR process — cash application…
Tired of manual process of matching incoming payments? In today's fast-paced business environment, finance professionals need to optimise every process, especially cash application. This crucial function can be a major time drain and a source…
In today’s fast-paced business environment, managing collections efficiently is crucial for maintaining healthy cashflow and minimising manual workload. Collections management automation offers a solution by streamlining processes,…
Control what you can control.It’s a mantra that many accounts receivable (AR) departments would be wise to observe.With so many external factors impacting cashflow (high interest rates, elevated inflation, etc.), the last thing today’s AR leaders…
On the 9th of February, LHDN announces the release of e-Invoicing Guidelines Version 2.2, e-Invoicing Specific Guidelines Version 2.0, and the much-anticipated Software Development Kit (SDK) Beta Version. These releases mark a significant leap in…
Credit management is a vital function for any business that deals with customers and suppliers. It involves assessing the creditworthiness of potential and existing customers, setting and enforcing credit policies and terms, monitoring and…
The Malaysian Ministry of Finance is set to implement e-invoicing as part of its strategy to boost tax revenues and streamline tax administration, as stated in the 2023 Pre-Budget statement. MDEC and LHDN’s collaboration paves the way for the…
Malaysia’s e-invoicing implementation pushed forwardThe phased rollout of e-invoicing in Malaysia will affect businesses at different times based on their annual turnover:1 August 2024: Taxpayers with an annual turnover or revenue of more than RM100…