Empowering SMEs with Digital Transformation, E-Invoicing, and New Business Opportunities

KUALA LUMPUR, Feb 26 (Bernama) -- The SME Association of Malaysia (SME Malaysia) successfully hosted the SME Business Talk Series: Empowering AI in Finance and E-Invoicing for SME Businesses yesterday at Menara AFFIN @ TRX. The event brought together over 300 business leaders, policymakers, and SME owners to explore the opportunities and challenges of AI and e-invoicing, and how SMEs can leverage digital transformation to drive growth, efficiency, and compliance.
 
Government’s Commitment to SME Digitalisation and E-Invoicing

The event was officiated by YB Tuan Gobind Singh Deo, Minister of Digital Malaysia, who highlighted the government’s commitment to accelerating digital adoption among SMEs, particularly in implementing e-invoicing as part of Malaysia’s digital tax and financial reform strategy.

“The digital economy is rapidly evolving, and SMEs must adapt to remain competitive. AI and e-invoicing will not only streamline business operations but also open new opportunities for growth. The government is committed to supporting SMEs in this transformation,” said YB Tuan Gobind Singh Deo.

With Phase 3 of e-invoicing implementation now mandatory, businesses must transition to digital invoicing to enhance tax compliance, reduce fraud, and improve financial efficiency.
 
Advancing SME Digitalisation – A Call to Action

Mr. Chin Chee Seong, National President of SME Malaysia, reinforced the urgency of digital transformation, urging SMEs to proactively integrate AI and e-invoicing into their financial and operational systems.

“SMEs are the backbone of our economy, and their digital transformation is key to Malaysia’s future growth. AI-driven solutions and e-invoicing will not only improve productivity and efficiency but also ensure compliance with evolving tax regulations and financial reporting requirements. Now is the time for SMEs to take action,” said Mr. Chin.
 
Unlocking Digital Opportunities for SMEs Through AI & E-Invoicing

The adoption of AI and e-invoicing presents SMEs with numerous benefits, including:
· E-Invoicing for Compliance & Efficiency – Automates invoice generation, submission, and tracking, ensuring seamless tax reporting and reduced administrative burden.
· Improved Financial Transparency – Ensures real-time visibility into financial transactions, reducing errors and fraud risks.
· New Business Models & Market Expansion – Digitalisation enables SMEs to leverage e-commerce, subscription-based services, and cross-border trade opportunities.
· Enhanced Customer & Supplier Relationships – Faster, automated invoicing reduces disputes and improves payment cycles, strengthening business relationships.
 
Expert Discussions on AI & E-Invoicing for SMEs

The event featured engaging discussions on how SMEs can implement AI and e-invoicing seamlessly while taking advantage of new digital opportunities.

1. Panel Discussion: Empowering SMEs Through Digitalisation & E-Invoicing

Moderated by Mr. S. Saravana Kumar, Partner at RDS Partnership, this session featured:
· Dr. Rasyidah Che Rosli, Director, E-Invoice Division, LHDN
· Encik Saiful Izwan, Director, National E-Invoicing & Standardisation, MDEC
· Mr. Jason Wong, Managing Director, iMocha Sdn. Bhd.
 
The panelists provided insights on the transition to mandatory e-invoicing, AI-driven financial solutions, and how SMEs can digitally future-proof their businesses.

2. Fireside Chat: Driving Malaysia’s Economic Growth Through AI & SME Digitalisation

Moderated by Mr. Chin Chee Seong, this discussion featured:
· Mr. Sam Majid, Head of the National AI Office, Ministry of Digital
· Mr. Jamie Tan, Managing Director, JLL Malaysia
· Mr. Ankur Jakhwal, Chief Executive Officer, Boost Connect

Speakers shared strategic insights on AI adoption, digital financial tools, and how SMEs can leverage government support to accelerate digitalisation and e-invoicing implementation.

Commitment to SME Growth, E-Invoicing, and Innovation

The SME Business Talk Series is a significant initiative in SME Malaysia’s mission to empower businesses with the knowledge, tools, and resources needed to thrive in an increasingly digital world.

“This event marks a critical step in guiding SMEs toward a future where AI, e-invoicing, and digital finance are the driving forces of success. SME Malaysia remains committed to advocating for policies, resources, and initiatives that will support SMEs in their journey towards digital transformation,” said Mr. Desmond Anil A/L Raymond Norbert, National Council Member of SME Malaysia and Organising Chairman of the event.

The success of the event underscores the need for continued collaboration, training, and engagement to ensure SMEs maximize the benefits of AI and e-invoicing while seizing new digital business opportunities.
 
About the SME Association of Malaysia
The SME Association of Malaysia (SME Malaysia) is the largest SME-focused organization in the country, established in 1995. SME Malaysia serves as a platform for advocacy, capacity-building, and business networking, helping SMEs grow through policy engagement, industry collaborations, and knowledge-sharing initiatives.

SOURCE: SME Association of Malaysia

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Eunice Leong
Tel: +603-8024 5737 / +6016-232 4135
Email: info@smemalaysia.org 

--BERNAMA