Epicor, the worldwide provider of industry-specific enterprise software, has been chosen by MGB Sany (M) IBS Sdn Bhd (MGB Sany), a subsidiary of MGB Berhad, Malaysia's fully integrated construction and property development solutions provider. Epicor will aid in digitising and streamlining the e-invoicing process to meet the new regulations established by the Malaysian Government to boost the digital economy.
The adoption of Epicor's system comes ahead of the impending regulations, which will take effect on 1 June 2024. MGB Sany will use Epicor to enhance its compliance with new requirements on e-invoicing and real-time reporting.
Stellar Dynamic Sdn Bhd (Stellar Dynamic), an Epicor-certified partner, was instrumental in recommending Epicor Kinetic to MGB Sany based on their understanding of the latter's needs and industry-specific demands. Challenges of manual traceability, slow data generation, and lack of data analytics capabilities led MGB Sany to seek a robust cloud solution.
Regarding collaboration, Datuk Richard Lim Lit Chek, Director of MGB Sany, stated, "With the support and know-how from Stellar Dynamic, I am confident that we have chosen the right provider to take us on our Cloud digital journey. One of the most important factors was selecting a solution that could adhere to the new Government initiative on e-invoicing and, in turn, become a smarter manufacturing business."
"By deploying a Cloud solution, our teams will now have increased visibility and traceability, leading to better decision-making and data analysis to help speed up product delivery and automate basic but still important tasks."
Vincent Tang, Vice President of Asia at Epicor, expressed delight at MGB Sany's choice to fulfil their business ambitions with Epicor Kinetic. He stated, "We are delighted that MGB Sany has chosen Epicor Kinetic to fulfil their business ambitions. Epicor has always been committed to transforming businesses and empowering them to make faster and more informed decisions by utilising insightful data to achieve better results."
"With the introduction of a new Government mandate coming into effect later this year in Malaysia, our teams are on hand to continue to be trusted advisors to ensure that the right Country Specific Functionality (CSF) is applied and companies like MGB Sany will be safe in the knowledge that through e-invoicing the likelihood of errors is greatly diminished and in turn, this frees up valuable resources to focus on other aspects of business."
The partnership between Epicor and MGB Sany marks a significant step towards digital transformation and regulatory compliance in Malaysia's construction and property development sector. By leveraging Epicor's advanced enterprise software solutions and Stellar Dynamic's expertise, MGB Sany aims to enhance operational efficiency, data analytics capabilities, and overall business performance.
With the impending Government regulations on e-invoicing, this collaboration underscores the importance of proactive adaptation to technological advancements and regulatory changes to stay competitive in today's digital economy. As MGB Sany embarks on its Cloud digital journey with Epicor Kinetic, they position themselves for sustained growth, improved decision-making, and greater agility in meeting evolving market demands.