What is the cost of the UBS eInvoicing feature for active users?

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UBS eInvoicing Feature Offered Free to Active Users Under Specific Conditions

The UBS eInvoicing feature will be provided at no charge to existing users of the UBS account, billing, and inventory modules. This provision is conditional upon the absence of any third-party expenses incurred from government agencies or their associated partners. This initiative reflects The Access Group's commitment to supporting Malaysian SMEs as they transition to the upcoming eInvoicing regulations mandated by LHDN, which are scheduled for a gradual rollout from August 2024.
Free Provision for Core Module Users

Active subscribers to the UBS account, billing, and inventory management software will benefit from the eInvoicing functionality without incurring additional costs. This offer is designed to facilitate the adoption of digital invoicing processes among a significant segment of the existing user base. The Access Group aims to ease the financial burden associated with adopting new compliance technologies for these businesses.
Contingency on Third-Party Costs

The complimentary nature of the UBS eInvoicing feature is explicitly dependent on there being no associated third-party charges from government entities or their collaborators. This means that if any external bodies levy fees for the use or integration of eInvoicing services, these costs would not be covered under the free provision. Businesses should remain aware of potential external fees that may arise.
Supporting SMEs for LHDN Compliance

The introduction of the UBS eInvoicing feature is closely tied to the impending mandatory eInvoicing regulations from LHDN, set to commence in August 2024. The Access Group's readiness and beta testing phase, planned for June, underscore their proactive approach in assisting over 100,000 Malaysian SMEs that rely on UBS software. This includes ongoing investments in digital infrastructure and partnerships, such as with MDEC.
Beta Testing and Market Readiness

The company is preparing to launch a beta testing phase for selected customers in June, ahead of the official market introduction. This testing period is crucial for refining the eInvoicing solution and ensuring its robustness. Preparations include the submission of a Peppol-Ready Solution Providers (PRSP) application to MDeC, with the final step being a solution demonstration to confirm market readiness.

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What is the cost of the UBS eInvoicing feature for active users?

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