E Stream (company)

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E Stream Software Sdn Bhd
Private limited company
IndustrySoftware as a service
Founded2003；22 years ago
Founder
  • Desmond Law Hoe Yen
  • Neo Yih Chyn
  • Chau Chee Yang
Headquarters
  • Shah Alam, Selangor
  • Setapak, Kuala Lumpur
Products
  • Accounting Software
  • Payroll Software
Websitesql.com.my

E Stream Software Sdn. Bhd. (commonly known as E Stream or E Stream MSC or SQL Account HQ) is a Malaysian technology company that develops and provides business management software solutions for small and medium-sized enterprises (SMEs). E Stream offers on-premise, cloud-based, and hybrid cloud systems that support accounting, payroll, and other business management operations. E Stream’s solutions are offered under a software-as-a-service (SaaS) model and are available either through lifetime licenses or subscription plans, depending on the package type and the number of companies or entities managed. E Stream is headquartered in Setia Alam, Selangor, with an additional office located in Setapak, Kuala Lumpur.

History

2003-2010 E Stream was founded in 2003 by Desmond Law Hoe Yen, Neo Yih Chyn, and Chau Chee Yang. The company began its journey from a small office at i-SoVo @ i-City, Shah Alam, Selangor. Desmond Law, with his accounting background, teamed up with Neo Yih Chyn and Chau Chee Yang, who brought expertise in business and software development. Together, they created SQL Account and SQL Payroll, designed to provide comprehensive digital business solutions for small and medium-sized enterprises (SMEs). After five years of continuous growth, the company moved to a larger headquarters at Setia Alam, Shah Alam, Selangor.

2011–2020

From 2011 onward, E Stream introduced additional modules for point-of-sale (POS), inventory management, and business analytics, offering a more complete digital solution for SMEs.

When Goods and Services Tax (GST) was introduced in 2015, E Stream ensured that SQL Account was fully compliant with Malaysia’s tax reporting requirements..[1]. Later, when Sales and Service Tax (SST) replaced GST in 2018, the system was once again updated to meet the new regulations, reinforcing SQL’s reputation for reliability and compliance [2].

In 2019, E Stream and its SQL Account software received the Sin Chew Business Excellence Award for Best Accounting Software [3]. E Stream also signed a Memorandum of Understanding (MoU) with PayRecon to integrate SQL Account with popular e-commerce platforms, helping businesses synchronize their online sales data with their accounting systems [4].

When the COVID-19 pandemic breaks out in Malaysia, E Stream accelerated its move to the cloud, launching SQL Cloud to help businesses manage their operations remotely and securely [5].

2021–2025

E Stream’s dedication to customer experience and innovation earned it the Star Outstanding Business Award (SOBA) in 2021 for Best in Customer Service [6]. In 2022, the company expanded its influence in education by partnering with institutions such as the University of Nottingham Malaysia, providing students access to SQL software to enhance their practical skills and employability [7].

As Malaysia prepared for the e-Invoice implementation [8], E Stream played an active role in the nation’s digital transformation. In 2024, the company updated SQL Account to fully support Malaysia’s e-Invoice framework under Lembaga Hasil Dalam Negeri Malaysia (LHDN) and Peppol standards [9].

By 2025, E Stream serving over 320,000 companies and 600,000 professionals, supported by 1,000 partners and 400 service centers nationwide [10]. The company continues to innovate, helping businesses across Malaysia and Southeast Asia embrace digital transformation with confidence.

In the same year, E Stream was honored with the Golden Bull Award 2025 under the Outstanding Bull category, a prestigious recognition celebrating successful and high-performing Malaysian enterprises for their growth and excellence [11]. During the nationwide 2025 e-invoice implementation period, the company achieved RM 5 million in revenue. E Stream also expanded its operational capacity and customer support network by opening an additional headquarters at PV128, Setapak.

Collaborations and Memorandums of Understanding (MoUs)

  • Asia Pacific University (APU) – Memorandum of Understanding (MoU) to promote digital accounting skills among students [12].
  • Infrastructure University Kuala Lumpur (IUKL) – MoU signing ceremony focused on industry-ready accounting education [13].
  • University of Nottingham Malaysia (UNM) – Partnership agreement to boost student employability through digital solutions [7].
  • First City University College – MoU ensuring business students gain hands-on accounting software experience [14].
  • Berjaya University College – MoU signing ceremony for mutual collaboration in accounting education [15]
  • University of Technology Sarawak (UTS) – UCTS and E Stream MSC sign MoU for mutual benefits[16]

Awards

  • The Golden Bull Award (2025)[11]
  • The Star Outstanding Business Awards (SOBA) (2021) for Best Customer Service[6]
  • The Sin Chew Business Excellence Awards (2019) for Best Accounting Software[3]

References

  1. ↑ "What is GST". PwC. PricewaterhouseCoopers. Retrieved 23 October 2025.
  2. ↑ "Transitioning into sales tax and service tax – clarifying the confusion". ACCA. Retrieved 23 October 2025.
  3. ↑ 3.0 3.1 "Sin Chew Business Awards 2019". Sin Chew Media Corporation Berhad. Retrieved 23 October 2025.
  4. ↑ "SQL Accounting Integrator - PayRecon Malaysia". Multi Vendor Marketplace - E-Commerce Selling System. CTH Commerce Sdn bhd. Retrieved 23 October 2025.
  5. ↑ Yen San, Yip; Mah Pei Yew, Chin Yoon Mei; Chong Tun Pin. "Exploring the Factors of Using Cloud Service in Malaysia Higher Education Institutions During COVID-19 Pandemic Outbreak". Retrieved 28 October 2025.
  6. ↑ 6.0 6.1 "2021 Winners - SOBA 2025". Star Outstanding Business Awards. Retrieved 23 October 2025.
  7. ↑ 7.0 7.1 "UNM inks partnership with E Stream to increase student employability". UNM. Retrieved 23 October 2025.
  8. ↑ "Taxpayers told to prepare early for upcoming e-Invoice phase". New Straits Times. 23 September 2025. Retrieved 28 October 2025.
  9. ↑ NATIONAL E-INVOICING INITIATIVE - List of Accredited Peppol Access Point/ Service Providers (SP) (PDF). MDEC. Retrieved 23 October 2025.
  10. ↑ "Best Accounting Software Malaysia". E Stream MSC. Retrieved 23 October 2025.
  11. ↑ 11.0 11.1 "Winner of Malaysia 2025 - Golden Bull Award (亚洲金牛奖)". Golden Bull Award. Retrieved 23 October 2025.
  12. ↑ "Memorandum of Understanding (MoU) with EStream Software Sdn Bhd". APU. Retrieved 23 October 2025.
  13. ↑ "MOU Signing Ceremony between IUKL and Estream Software Sdn Bhd". IUKL. 22 March 2022. Retrieved 23 October 2025.
  14. ↑ "MOU WITH SQL ACCOUNTING ENSURES FIRST CITY UC BUSINESS STUDENTS EMERGE INDUSTRY-READY". First City University College. 22 June 2021. Retrieved 23 October 2025.
  15. ↑ "MoU Signing Ceremony between BERJAYA University College and Estream Sdn Bhd". Berjaya University College. Retrieved 23 October 2025.
  16. ↑ "UCTS and Estream MSC sign MoU for mutual benefits". UTS. 20 July 2018. Retrieved 23 October 2025.

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