business

UOB Malaysia partners with SAP to help SMEs' digital transformation

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd and business software provider SAP today announced a tie-up to offer UOB SmartBusiness to the bank’s small-and medium enterprise (SME) customers.

UOB Malaysia said the tie-up marks the first time SAP is offering its enterprise software, SAP Business One, to Malaysian SMEs through a bank.

UOB SmartBusiness is a cloud-based integrated digital business solution designed to help SMEs make cost savings and improve their operating efficiency.

It enables SMEs to streamline and to digitise their back office processes such as accounting, payroll, and business management through a secure and integrated digital solution.

SMEs can also link their UOB SmartBusiness account to their UOB current account, thereby enabling an automated bank reconciliation process through the matching of transactions to sales invoices or bill payments.

SMEs can choose from three options, depending on the functionalities they require and the number of employees in the organisation. The most basic package will be complimentary for UOB Malaysia’s Business Banking customers.

UOB Malaysia executive director and business banking country head Raymond Chui said as SMEs progress through different growth stages, managing a larger and more complex business poses new challenges.

“To help our SME customers improve their operational efficiency as they grow, UOB Malaysia is working with SAP to provide SMEs a scalable and affordable digital solution that will save them time and money,” he said.

SAP Southeast Asia general business head Brad Gray said SMEs can ‘up their game’ further by digitising their core business processes to help them achieve success with instant access to information and streamline everything from finance to talent management.

“UOB SmartBusiness can help SME business owners make the transition to digital and take away the hassle of managing complicated operational tasks manually, empowering them to focus on their core business models and driving business outcomes,” said Gray.

Other collaborators on UOB SmartBusiness include human resources software provider, HReasily and mobile business software provider, Enterpryze.  

Besides that, UOB is launching the Tech My Biz competition on June 11, 2018, to encourage more small businesses to digitalise.

Through the competition, three small businesses from Malaysia, Singapore and Thailand will win a two-year subscription to UOB SmartBusiness and other digital solutions from the SAP Business One® suite, on-site implementation support and employee training.

To join the competition, small businesses will have to complete an online entry form, which is available at www.UOBgroup.com/techmybiz, and share the reasons why they need a digital business transformation.

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