Malaysia to incentivize digitalization with RM 100 million grant, to benefit CENSOF and others ERP provider
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Malaysia
effort to make e-invoice a compulsory for all business by the 2026 will
spearhead the growth of POS and ERP system. ERP/POS system provider
with revenue model based on SaaS will be able to enjoy a high
subscription rate, hence better profit in the coming days.
One of the more established player in the ERP landscape in the SME will be Censof, ABSS.
ABSS had been providing e-invoicing services in Singapore and Hong Kong with PEPPOL partnership.
Understanding traditional invoicing vs e-invoicing through PEPPOL Framework.
E invoicing
The e-invoicing take up rate will be boosted with government initiative to provide RM 100 million digitalization grant to MSME.
I
am invested in Censof because I can see the growth in the industry for
the long term. Censof is also an established player with good
fundamental and links to the government services which will further give
Censof additional advantages.
IMPORTANT NOTICE
Please
be informed that I am not a professional or certified analyst. I am not
a licensed consultant, just a normal retail investor. I am just sharing
my ideas and opinion on the market outlook. Any company mentioned
should not be interpreted as a buy/sell/trade call. Please do your own
research and buy/sell/trade at your own risk.
Telegram https://t.me/targetinvest88
https://targetinvest88.blogspot.com/2023/12/malaysia-to-incentivize-digitalization.html
https://targetinvest88.blogspot.com/2023/12/malaysia-to-incentivize-digitalization.html
