WiSoft Solutions
WiSoft Solutions is a Penang-based Malaysian software company that sells an integrated SQL-branded suite of accounting, payroll, POS, and compliance software to SMEs and small retailers across Malaysia, with six regional offices and a regulatory focus on LHDN e-invoicing.
- Company typePrivate
- Founded2007
- HeadquartersPenang, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What WiSoft Solutions does
WiSoft Solutions Sdn. Bhd. is a privately held Malaysian software company founded in 2007 by Mr. Wilson Tan and headquartered in Penang. It develops and sells the SQL-branded business management suite, including SQL Accounting (on-premise and cloud), SQL Payroll, SQL POS, SQL Cloud, and add-on modules covering e-commerce, time and attendance, leave and claims, business intelligence dashboards, AI-powered cloud backup, and LHDN-compliant e-invoicing. The underlying technology is a SQL-database architecture deployed both on-premise and in the cloud, with integrations to Malaysian banks (Maybank, CIMB), e-commerce platforms (Shopee, Lazada), payment gateways (FPX, Stripe), and biometric time devices. WiSoft also operates Xilnex CloudPOS as a separate omnichannel retail and F&B sub-brand.
WiSoft sells primarily through a sales-led, direct go-to-market targeting Malaysian SMEs and small retailers, combining free product demonstrations, paid in-person and Zoom-based training classes, multilingual webinars and offline seminars, free-yearly-support-customer incentives, and a network of six regional offices across peninsular Malaysia. Revenue is generated mainly through annual software subscriptions and licenses (e.g., SQL AI Cloud at RM 299/year, B.I Dashboard at RM 800/year) plus paid training (RM 180 per person). The company claims to serve 250,000+ organizations and operates with 11-50 employees. There are no disclosed funding rounds, revenue figures, or institutional investors, indicating a founder-controlled, organically funded operating profile.
WiSoft Solutions firmographics
Firmographics- Name
- WiSoft Solutions
- Legal name
- WiSoft Solutions Sdn. Bhd.
- Website
- https://sql-accounting.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WiSoft Solutions is a Penang-based Malaysian software company that sells an integrated SQL-branded suite of accounting, payroll, POS, and compliance software to SMEs and small retailers across Malaysia, with six regional offices and a regulatory focus on LHDN e-invoicing.
- Ownership category
- akta.pro rank
WiSoft Solutions industry classification
Industry- Product category
- Business Management Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- NewSQL / Distributed SQL Databases (HDAEAAAC)
- akta.pro secondary industries
- Vendor & Contract Management (Software/Cloud) (BPAEAOAD), Enterprise Applications User/Admin Training (ERP/CRM/ITSM platforms) (BPAEANAK)
Keywords
Where WiSoft Solutions is headquartered
LocationHeadquarters
- HQ city
- Penang
- HQ country
- Malaysia
- HQ region
- Asia
Offices6 records
Markets served
WiSoft Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licenses and Subscriptions: WiSoft generates revenue primarily through software licensing and annual subscriptions for their SQL Accounting, SQL Payroll, SQL POS, and other business management modules. The company offers both perpetual license and subscription-based pricing models.
- Cloud Services: Revenue from cloud-based services including SQL Cloud hosting and SQL AI Cloud backup solutions with annual subscription pricing (RM 299/year for SQL AI Cloud).
- Training and Education: Revenue from instructor-led training classes for SQL products. Classes are priced at RM 180 per person, with discounts for multiple attendees (RM 140 each for two or more). Existing customers with yearly support contracts receive free training.
- E-Invoicing Solutions: Revenue from LHDN-compliant e-invoicing software solutions, part of the broader SQL Accounting ecosystem.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SQL Business Intelligence Dashboard - Annual subscription |
| Subscription | Annual | SQL AI Cloud - Annual subscription with optional add-on |
| Unit Pricing | Pay-as-you-go | SQL Training Classes - Per person pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
WiSoft Solutions product offering
Product offeringCore offering
WiSoft Solutions develops and sells an integrated suite of SQL-based business management software for Malaysian SMEs, including SQL Accounting (on-premise and cloud financial management), SQL Payroll (Malaysian-compliant payroll processing), SQL Cloud (online accessible accounting), and SQL POS System (retail point-of-sale). The suite is extended by add-on modules covering LHDN e-invoicing, time and attendance with biometrics, AI-powered cloud backup, business intelligence dashboards, e-commerce integration with Shopee and Lazada, and the Xilnex CloudPOS sub-brand for omnichannel retail and F&B.
Product overview
WiSoft Solutions offers a comprehensive suite of business software solutions centered around its SQL platform, designed for Malaysian SMEs. The core offering consists of SQL Accounting (on-premise and cloud-based financial management), SQL Payroll (automated payroll processing with EPF/SOSCO/PCB support), SQL Cloud (online accessible accounting), and SQL POS System (retail point-of-sale with multi-outlet management). These core products integrate with add-on modules including E-Leave/E-Claim for HR workflows, Time Management System with biometric devices, SQL AI Cloud for AI-powered backup with ransomware detection, SQL B.I Dashboard for business analytics, E-Commerce for Shopee/Lazada integration, and the LHDN-compliant E-Invoicing System for tax digitization. The Xilnex CloudPOS sub-brand provides specialized omnichannel retail and F&B POS solutions. Together, these products form an integrated business management ecosystem covering accounting, payroll, retail operations, HR, and compliance.
Differentiator
Problem solved
Functional benefit
Products and services
- SQL Accounting Comprehensive on-premise and cloud-based accounting software for small businesses and large organizations, supporting inventory management, multi-currency transactions, and financial reporting.
- SQL Payroll Payroll processing software built from the ground up for Malaysian businesses, handling salary calculations, EPF, SOCSO, PCB deductions, and payslip generation for one to hundreds of employees.
- SQL Cloud Online accounting software accessible anytime from anywhere with 100% database ownership, unlimited invoices, and unlimited storage size.
- SQL POS System Point of Sale software for retail operations featuring real-time inventory tracking, multi-outlet management, and seamless integration with accounting systems, covering mini markets, book stores, hardware stores, pharmacies, and medical stores.
- SQL E-Commerce E-commerce integration module that connects online platforms like Shopee and Lazada with SQL Accounting for unified transaction management.
- SQL AddToCart Shopping cart functionality integrated with SQL Accounting for online sales management.
- E-Leave / E-Claim Digital leave and claims management system that streamlines application and approval workflows, provides real-time balance tracking, and supports Malaysian labor law compliance.
- Time Management System Time and attendance management system with biometric devices (fingerprint, facial recognition), access control, shift scheduling, and payroll integration.
- SQL AI Cloud AI-powered cloud backup solution featuring file healthiness validation and ransomware detection with automated space recycling, offered as an annual subscription (RM 299/year base, RM 99 add-on).
- SQL B.I Dashboard Business intelligence dashboard providing real-time sales visualization, staff performance monitoring, customer analytics, and geographical breakdown of sales data (RM 800/year subscription).
- Xilnex CloudPOS Omnichannel retail and F&B POS solution available as cloud-based POS, iPad POS, and mobile POS (Xilnex Go), featuring inventory management, recipe controls, and CRM capabilities.
- E-Invoicing System LHDN-compliant e-invoicing solution that auto-submits invoices to the MyInvois portal, enforces 53 mandatory fields, includes dynamic QR codes, TIN verification, and maintains 7-year audit records.
Quantifiable outcome
- Trusted by 250,000+ companies across Malaysia
- +6 more outcomes
Companies that use WiSoft Solutions
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles3 records
WiSoft Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
AI capability6 records
Feature11 records
WiSoft Solutions partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights6 records
WiSoft Solutions competitors and assessment
Company assessmentDirect peers
- UBS Software: Malaysian accounting and payroll software publisher targeting local SMEs and enterprises. Competes head-to-head with WiSoft's SQL Accounting and SQL Payroll modules in Malaysia.
- StoreHub: Malaysian cloud-based POS and business management platform serving SMEs with retail, F&B, and inventory functionality. Directly competes with WiSoft's SQL POS and Xilnex CloudPOS offerings in the Malaysian retail/F&B segment.
- ABSS (Acme Business Software Solutions): Singapore-headquartered accounting and business management software serving SMEs across Singapore and Malaysia. Comparable integrated accounting/inventory/POS stack targeting the same regional SME customer profile.
- AutoCount: Malaysian accounting software publisher serving SMEs with on-premise and cloud bookkeeping, payroll, and POS modules. Direct competitor to WiSoft's SQL Accounting/SQL Payroll/SQL POS line in the same Malaysian SME segment.
Regional players
- Tally Solutions: India-headquartered accounting and business management software with strong presence across South and Southeast Asia. Comparable SME-focused accounting product, primarily serving a different geography but overlapping feature set.
Broad incumbents
- Xero: Global cloud-native accounting platform for small businesses with growing presence in Malaysia and Southeast Asia. Competes for the same Malaysian SME buyer that WiSoft targets, with a modern cloud-first architecture.
- Sage: Global accounting, payroll, and ERP vendor with established SME product lines and growing Southeast Asia presence. Competes with WiSoft for SME and mid-market accounting/payroll budgets.
- QuickBooks (Intuit): Global SME accounting and payroll software suite with brand recognition and ecosystem integrations. A broad incumbent in the same SME accounting segment WiSoft serves in Malaysia.
- Exact: European-origin cloud accounting and ERP platform serving SMEs and mid-market businesses. Comparable integrated accounting/payroll/ERP functionality targeting SME buyers, operating as a broader incumbent rather than Malaysia specialist.
- MYOB: Established Asia-Pacific SME accounting and payroll software platform with a long-standing presence in Australia, New Zealand, and parts of Southeast Asia. Overlaps with WiSoft's SME accounting/payroll target market across the broader APAC region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
WiSoft Solutions social profiles
Digital presenceWiSoft Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
WiSoft Solutions leadership team
Management profileNumber of profiles
Profiles1 record
WiSoft Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WiSoft Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WiSoft Solutions
What does WiSoft Solutions do?
WiSoft Solutions develops and sells an integrated suite of SQL-based business management software for Malaysian SMEs, including SQL Accounting (on-premise and cloud financial management), SQL Payroll (Malaysian-compliant payroll processing), SQL Cloud (online accessible accounting), and SQL POS System (retail point-of-sale). The suite is extended by add-on modules covering LHDN e-invoicing, time and attendance with biometrics, AI-powered cloud backup, business intelligence dashboards, e-commerce integration with Shopee and Lazada, and the Xilnex CloudPOS sub-brand for omnichannel retail and F&B.
Is WiSoft Solutions a public or private company?
WiSoft Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was WiSoft Solutions founded?
WiSoft Solutions was founded in 2007. It employs 11 to 50 people.
Where is WiSoft Solutions based?
WiSoft Solutions is headquartered in Penang, Malaysia, in the Asia region.
How does WiSoft Solutions make money?
Four revenue lines are on record. Software Licenses and Subscriptions are the primary driver. The others are cloud Services, training and Education and E-Invoicing Solutions.
Who are WiSoft Solutions's main competitors?
Direct peers on record are UBS Software, StoreHub, ABSS (Acme Business Software Solutions) and AutoCount. Tally Solutions is listed as a regional player. Broad incumbents are Xero, Sage, QuickBooks (Intuit), Exact and MYOB.
Does WiSoft Solutions have an API?
No public API is recorded for WiSoft Solutions.
What industry is WiSoft Solutions in?
WiSoft Solutions's product category is Business Management Software. Its primary akta.pro industry code is HDAEAAAC, NewSQL / Distributed SQL Databases, with a secondary code of BPAEAOAD, Vendor & Contract Management (Software/Cloud). Its NAICS code is 5132 and its SIC code is 7370.