ABOUT US
Over
B2B suppliers
Process more than
invoices daily
More than
%
Transaction Dispute Reduction
Support over
worth of transactions annually
More than
%
retail market share in Singapore
Key Milestones
Reduce Work But Increase Productivity
A digital platform that makes transactions seamless between suppliers and buyers
Grow your Business Even When Cash Flow is Low
Collect Receivables Payments Passively
Payment is guaranteed before making delivery. Also effortlessly ensure prompt collections to reduce DSO
OUR CLIENTS
PracBiz has a proven track record in serving a wide range of clients
OUR SOLUTIONS
Digital Transaction Management
Supply Chain Financing
Automated AR Collection
Cross Border Payment
LHDN e-Invoice MYEI
Digital Transaction Management
Digital Transaction Management
Any Procurement Process
Easily manage multiple procurement processes for Direct Sales, Consignment Sales, and Quick Purchase/ Van Sales. PBX is adaptable to any procurement processes and scalable to grow with your business.
Automated Reconciliation
Document Matching
Rules-based document matching (with built-in error tolerance) reduces discrepancies and speed up reconciliation. This digitalised process also means cost savings through reducing paper, reducing manual work and reducing errors!
Supply Chain Financing
Supply Chain Financing
Suppliers on our platform get preferential treatment by our banking and FI partners to easily manage your working capital. Suppliers are pre-qualified and are able to leverage this financing support to grow your business, especially now when other loan instruments start becoming increasingly expensive.
Onboarding is a Breeze!
You are generally pre-qualified* because both supplier and buyer are already on the PBX platform.
Assets are Never at Risk
Financing amount is based on invoice value. Your fixed and personal assets are never at risk. We don’t require bank statements, financial statements or personal guarantees.
Fast and Cheap
Approved invoices get paid the very next day! And interest charges are unbelievably low!
* Based on invoices to pre-qualified buyers.
Automated AR Collection
Automated AR Collection
Collect payments from your general trade customers effortlessly. Not only are your payments guaranteed before you deliver the goods to your customers, but your buyers also get to improve their cash flow.. All at an exceptionally low rate.
Focus on Growing Your Business
Transactions are charged to buyers’ cards that have been tokenised on our platform – so you can automate your collections and focus on growing your business.
Payment is Guaranteed
By having your invoices paid by card, all transactions are guaranteed by the bank as soon as you get an approval code.
Save on Merchant Rate
PBX charges very low merchant rate for your business so you can reap the benefits at a very low cost. Your buyers also get additional cash flow at no cost.
Cross Border Payment
Cross Border Payment
Global Payments and Currency Risk Management
Compare our foreign currency exchange rates with others in the industry, and you will find that the rates we offer is possibly the best available. Our comprehensive product suite helps you effectively manage your currency risk and gain confidence on your cash flow.
BNPL (Buy Now Pay Later)
Leverage the industry-leading cross border invoice financing solution that allows you to process an FX or cross-border payment for same-day release to your vendor, but defer settlement by up to 28 days.
Integrated AP
Integrate your ERP with PracBiz’s PBX platform to make your Accounts Payables a breeze and automate your AP reconciliation as well.
LHDN MY E-Invoice (MYEI)
LHDN MY E-Invoice (MYEI)
Our reliable E-Invoicing service streamlines LHDN verification for your business. We ensure both your Tax Identification Number (TIN) and invoice details are validated for complete trust. Get quick approvals, generate QR codes, and empower your customers with easy verification through the MyInvois Portal. Focus on your business, we handle the trust factor.
Bronze Package
Silver Package
Translation/transformation of e-Invoice
Gold Package
- B2B ⇌ MYEI bidirectional synchronization of e-Invoice
- Pre-requisite: PBX B2B subscription
Ruby Package
Your perfect complete solution!
CONTACT US
Singapore
PracBiz Pte Ltd
1003 Bukit Merah Central #04-31
Singapore 159836
(65) 6275 6073
Malaysia
PracBiz Sdn. Bhd.
A-06-11, Glomac Damansara
699 Jalan Damansara
60000 Kuala Lumpur
(603) 7732 6698