E-Invoicing Essentials: Understanding Impacts, Benefits and Implementation

  • 22-03-2024
  • Virtual Classroom

COURSE RATIONALE

Traditional invoicing processes are often cumbersome, prone to errors, and time-consuming. Mandatory implementation of e-invoicing introduces challenges in adapting to new systems and ensuring compliance with regulatory frameworks. Many organizations struggle with understanding the specific requirements and guidelines for e-invoicing, leading to confusion and potential non-compliance issues. Moreover, managing various types of e-invoices, such as self-billed, consolidated, and staff claims, adds complexity to the process.

Without proper training and guidance, businesses face risks of inefficiency, errors, and regulatory penalties, hindering their ability to streamline operations and maintain competitiveness in the digital marketplace.

This half-day training course aims to address the pressing need for comprehensive guidance on e-invoicing essentials. By providing a clear overview of the implementation timeline, regulatory framework, and compliance requirements, participants will gain a solid understanding of the impacts and benefits of e-invoicing.

Through detailed explanations of e-invoice models, processes via portals and APIs, and specific guidelines for various types of invoices, participants will learn practical strategies to navigate e-invoicing efficiently. This course will empower businesses to streamline their invoicing operations, mitigate compliance risks, and leverage e-invoicing to enhance efficiency and competitiveness in today’s digital business landscape.

 

COURSE OBJECTIVES

At the end of this course, participants shall be able to:

  • Understand the significance of e-invoicing implementation and its impacts on current business processes.
  • Identify the benefits of e-invoicing and its role in enhancing operational efficiency and compliance.
  • Navigate the regulatory framework and compliance requirements associated with e-invoicing.
  • Differentiate between e-invoice models, including MyInvois and API, and determine their suitability for specific business needs.
  • Demonstrate proficiency in processing e-invoices through both MyInvois portals and API integrations. • Apply acquired knowledge to streamline invoicing operations, mitigate risks, and optimize business processes effectively.

 

COURSE CONTENT

Module 1: Overview of E-Invoicing

  • Introduction of E-Invoicing
  • Impacts in the current process due to mandatory of E-Invoicing
  • Benefits of E-Invoicing
  • E-Invoice Implementation Timeline
  • Regulatory framework and compliance requirements for E-Invoicing

Module 2: E-Invoice Process and Specific Guideline

  • E-Invoice Model (MyInvois vs API)
  • E-Invoice Process via MyInvois Portal
  • E-Invoice Process via API
  • List of Required Fields for E-Invoice
  • Self-billed E-Invoice
  • Consolidated E-Invoice
  • E-Invoice for staff claims
  • E-Invoice offences

 

FOR WHOM

Directors, Managers, Executives, Officers

Finance Department • Accounting Department • Taxation Department • Compliance Officers • IT Department • E-Invoice Service Provider • Software Developer and Organization • Business Owners • Procurement Department • Supply Chain Department • Auditors • Legal Counsel

 

TRAINER

Aeris Chow is a seasoned professional in the field of International Trade Business, Finance, Logistics boasting comprehensive international experience and professional qualifications. With 17 years of expertise in both local and multinational companies, she has honed her skills in various areas, including shipment management, customer management, sales, marketing and E-Invoicing.

Aeris Chow holds the esteemed Certified Export Professional (CEP) designation from the European International University, demonstrating her commitment to excellence in the industry. She is a dedicated lifelong learner and has achieved academic success, earning a Master of Business Administration (MBA) with Distinction from Inti International University.

In 2016, she served as the Vice President of Education (VPE) for the Puchong English Toastmasters Club, showcasing her commitment to personal growth and effective communication. As a content creator, she offers valuable insights and practical guidance in the field of International Trade and Finance, enriching her audience with valuable information to benefit their businesses.

 

PARTICIPATION FEE/REGISTRATION

The participation fee per person is RM 432.00 which includes Notes, Tea Break and 8% SST

To Register, please click here – https://forms.gle/vb4ARnTBYqnd6wJb9

For any enquiries, please call Ms. Shaza 03 8066 3107/Ms Ashwini 018 9768520 or WhatsApp to Ms. Fara at 011 3736 5983 or email to kaburmea@gmail.com

 

  • Time : 9:00 am - 1:00 pm (Asia/Kuala_Lumpur)

Registration Deadline Expired!!

Related Events