AUTOCOUNT Dotcom Bhd, an ACE Market-listed developer and distributor of financial management software, has inked a memorandum of understanding (MOU) with YYC Group, a premier accounting and advisory firm in Malaysia, to accelerate digital solutions adoption among local small and medium-sized enterprises (SMEs).
The collaboration forged via wholly-owned subsidiary Auto Count Sdn Bhd is also in line with supporting the SMEs’ compliance with the government’s upcoming e-invoicing mandate.
It brings together AutoCount’s innovative and comprehensive business software solutions – including the on-premise accounting, cloud-based accounting systems, Cloud HRMS and Cloud POS – alongside YYC’s extensive expertise in accounting and advisory services.
Together, both partners aim to equip SMEs with a robust suite of tools to streamline financial processes, enhance operational efficiency and align with the government’s push toward a digital-first economy.
“With e-invoicing set to become mandatory, SMEs face the challenge of adapting to new regulatory requirements while maintaining efficiency and growth,” commented AutoCount’s managing director Y.T. Choo.
As part of their collaboration, AutoCount and YYC Group will focus on digitalising traditional accounting and bookkeeping operations while providing businesses with hands-on software solutions designed to enhance efficiency and accuracy.
Additionally, the partnership will equip YYC Group with technical expertise, including API integration and advanced support to accelerate audit processes through cutting-edge audit software solutions.
The inclusion of AutoCount’s PalmPOS system which is designed for micro-SMEs such as hawkers and small retailers is expected to further enhance this partnership.
The cost-effective solution integrates seamlessly with AutoCount’s cloud-based accounting system, thus allowing businesses to digitise their sales and accounting management while complying with e-invoicing requirements.
YYC Group CEO and financial expert Datin Yap Shin Siang stated that partnering with AutoCount marks a significant step in YYC Group’s efforts to drive digital transformation for SMEs.
“We aim to provide businesses with smarter and more efficient solutions to embrace the era of e-invoicing together,” she enthused.
“YYC is committed to supporting the growth of SMEs, hence this collaboration will combine the strengths of both parties to help businesses seize new opportunities in the digital economy and move towards a brighter future.”
The partnership addresses the unique needs of micro-SMEs by offering affordable solutions like the PalmPOS system at just RM49/month and cloud-based accounting software starting at RM17.50 /month.
At the close of today’s (Dec 11) mid-day trading, AutoCount was up 3 sen or 2.86% to RM1.08 with 1.53 million shares traded, thus valuing the company at RM595 mil. – Dec 11, 2024
