by Teng Yeow Lim Teng Yeow Lim
.
Jun 9 2025

From Finance to IT: Why We’re Just Getting Started

assist's founder with assist.biz logo

When we first started building, the mission was simple:
Fix what’s broken in business workflows — starting with finance.

We weren’t chasing buzzwords.
We were chasing lost receipts, overdue claims, and the countless hours wasted on manual paperwork.

Today, our platform powers:

  • Document ingestion via email
  • Invoice and claims capture
  • Auto-categorization
  • Export-ready integration with accounting software
  • Audit trails, tags, approvals, and dashboards
  • AI-assisted compliance and reporting

This isn’t theory — it’s running live across solopreneurs, SMEs, and growing teams.

But Finance Was Just the First Use Case

The deeper we built, the more we saw a pattern:

The same workflow pain exists in every department — just wearing different labels.

Finance. HR. Procurement. IT.

So now, we’re expanding — and we’ve started with IT Asset Management (ITAM).

Why ITAM? Why Now?

Because managing IT assets in large enterprises is still a spreadsheet mess:

  • Purchase orders and warranties live in emails
  • Renewal reminders are in someone’s calendar
  • Asset lifecycles are unclear
  • Service contracts are underutilized — or forgotten

We saw an opportunity to bring the same document-first, agentic automation to IT operations.

And we’re proud to share that we’re currently running a proof of concept (POC) with one of the largest systems integrators in Singapore — tackling ITAM workflows across high-volume environments.

Lim Teong Youw

 

The Bigger Vision: AI Workflows for Every Back Office

What we’re building isn’t just a product.
It’s a modular automation infrastructure — adaptable across departments:

  • Email-to-record AI agents
  • Document-native context extraction
  • Escalation and approval logic
  • Interfaces built for normal users, not power admins

ITAM is next.
But we’re already scoping use cases in:

  • Procurement & contract monitoring
  • Insurance & warranty claims
  • HR onboarding document flow
  • ESG and sustainability tracking
  • Customer lifecycle & renewal triggers

Built From Pain. Designed With Purpose.

This isn’t whiteboard fantasy.
We started by solving our own workflow chaos — and it turns out, a lot of companies share the same frustration.

That’s our edge.
We don’t guess. We build from lived reality.

So yes — we’ve earned some wins in finance.
And now we’re scaling that capability into IT, procurement, and beyond.

We’re excited.
We’re focused.
And we’re just getting started.

— Lim Teng Yeow
Founder, ASSIST.biz

 

Can I claim for business travel between Malaysia and Singapore?

Yes, provided the travel is for business purposes. However, note the difference in vehicle claims. In Malaysia, you may claim mileage or petrol for company vehicles, whereas in Singapore, private car (S-plate) expenses remain non-deductible even for business trips.

What happens if I do not have a validated e-invoice in 2026?

For Malaysia, the LHDN may disallow the expense deduction entirely if it exceeds the consolidated threshold and lacks a validated MyInvois receipt. In Singapore, GST-registered businesses may find it impossible to claim input tax without the appropriate InvoiceNow documentation.

Are entertainment expenses fully deductible?

In Singapore, they are generally deductible if incurred for business. In Malaysia, they are typically limited to a 50% deduction, with specific exceptions for staff-related events.

How long must I keep my digital records?

Both LHDN and IRAS require records to be kept for 7 years. Digital storage is highly recommended to ensure receipts do not fade or get lost.

assist's founder with assist.biz logo
Founder Blog
by Teng Yeow Lim Teng Yeow Lim
.
Jun 9 2025

From Finance to IT: Why We’re Just Getting Started