Why E-Invoicing Matters for SMEs in Malaysia
E-invoicing is becoming mandatory for Malaysian SMEs as part of LHDN’s (IRBM) nationwide rollout. While the shift brings long-term benefits — like better cash flow tracking, reduced errors, and streamlined tax reporting — many small businesses are still unprepared, mainly due to high upfront costs.
From onboarding fees to hardware upgrades and monthly subscriptions, setting up e-invoicing can cost thousands of ringgit — a major hurdle for SMEs. In fact, stakeholder feedback and industry voices have flagged this as one of the biggest challenges facing SMEs during the transition.
The High Cost of E-Invoicing Software in Malaysia
Many stakeholders that are affected by the e-invoicing mandate highlighted the financial burden. Wong Ching Yong, a chartered accountant and SUPP branch chairman, noted, “It is known that a new set of electronic invoice software currently costs about RM10,000, which may be inaccessible to some businesses.”
Small business owners on social media have also voiced their concerns, with a commenter on Facebook mentioning, “Buying a POS system cost around 3k, it’s a big burden for small business and hawker.”
Beyond just software fees, the setup process can be technical and time-consuming. Businesses need to choose the right platform, understand submission methods (MyInvois portal vs API), train internal teams, and ensure compliance, all while managing daily operations.
Free E-Invoicing Software for SMEs – Powered by Funding Societies and JomeInvoice
To ease the transition and support cash flow, Funding Societies has partnered with JomeInvoice, a Malaysia-based e-invoicing provider, to offer a bundled solution that solves both financing and compliance needs.
What Is JomeInvoice?
JomeInvoice is a Malaysia-based e-invoicing middleware that helps businesses integrate their existing ERP or accounting system with the LHDN MyInvois portal — with no major workflow changes.
Key features:
Real-time invoice submission and validation
- Batch uploads (CSV or SFTP)
- Compatible with SAP, Xero, Netsuite, MS365, Odoo, and more
- API integration or manual portal submission options
- Easy-to-use dashboard
- Local support and user onboarding included
Best of all, it’s built for Malaysia, so you’re always LHDN-compliant, with full support in Bahasa Malaysia and English.
What’s Included in the Free E-Invoice Offer?
When you apply for Micro Financing or Micro Financing-i with Funding Societies, you’ll enjoy the following:
- 3 months FREE e-invoicing subscription
- RM1,000 waived onboarding/setup fees
- 33% discount for 9 more months post-disbursement
You don’t have to wait for loan approval, your access to the free e-invoicing software begins as soon as you submit your application and documents.
That means you can start preparing for e-invoicing compliance immediately, even before receiving your funds.
How to Apply and Get Free E-Invoicing Software
To benefit from this campaign, here’s what you need to do:
1. Apply Online
Submit your application for Funding Societies’ Micro Financing or Micro Financing-i between 1 August and 30 September 2025. It only takes five minutes to apply.
2. Await Confirmation
If your business meets the criteria, you’ll receive an email from us confirming your eligibility for the free e-invoicing offer.
3. Submit Consent
To activate your reward, complete a short consent form to allow us to securely share your details with our partner, JomeInvoice. No subscription will be activated without your explicit approval.
4. Get Disbursed
Once your application is approved, the financing will be disbursed. SMEs whose applications are approved and disbursed by 15 October 2025 will be eligible to renew their Basic Plan for 9 additional months at a 33% discount.
5. Optional Bonus: Continue at a Discount
After the free subscription ends and if your financing was disbursed by 15 October 2025, you’ll also get the option to renew JomeInvoice’s Basic Plan at a 33% discount for 9 additional months. This is entirely optional and will only be offered after disbursement.
Why SMEs Choose Micro Financing from Funding Societies
Our Micro Financing/-i is designed for speed, simplicity, and flexibility. Perfect for Malaysian SMEs who need cash flow support or want to digitise operations.
Here’s what makes us different:
- Apply in just 5 minutes
- Funds disbursed in less than 5 working days
- Rates from 0.8% per month
- Tenure up to 18 months
- Financing up to RM200,000
- Shariah Financing is available
Whether you’re preparing for e-invoicing or just need working capital to keep operations running, this campaign gives you both.
Smart Financing, Smarter Compliance
E-invoicing in Malaysia is no longer optional — but it doesn’t have to be expensive or complicated.
This campaign is our way of helping SMEs digitise without the financial strain. With just one easy application, you’ll get:
- Working capital to grow your business
- Free access to a trusted LHDN-compliant e-invoicing platform
Apply for Micro Financing/-i here now to claim your free e-invoice software!
Learn More About E-Invoicing and How Your Business Can Comply
Want a detailed guide on how e-invoicing works? Read our full e-invoicing overview here or explore how the mandate affects your industry:
