3 Reasons Why UOB SmartBusiness Is The Comprehensive Solution For Your Business

RinggitPlus

14th August 2023 - 4 min read

With the introduction of Budget 2023 Malaysia, there are a few positive impacts on SMEs that could propel Malaysians into pursuing entrepreneurship. This includes digitalisation grants, reduced income tax, incentives for the rental of electric vehicles, and more.

While these initiatives can provide great assistance to businesses, there are still many things that business owners and entrepreneurs must first think through, especially first-time business owners. Among the questions that they should ask themselves include:

Where will I find the right people for my company, and how should I manage payrolls?
What system should I use to effectively manage business accounts?
How do I target the right audience for my products?
How do I keep up with technological advancements in the industry?
Which bank should I seek financing from?

With these considerations in mind, it may be overwhelming to tackle different parts of managing the business all at once. However, amidst these hurdles lies a promising solution – UOB SmartBusiness.
UOB SmartBusiness is a line of digital solutions catered to small and medium enterprises (SMEs) to utilise the right digital solutions for their business.

Here’s why you should consider signing up your business to UOB SmartBusiness.

1. A One Stop Solution

Being in the industry for over 70 years and as a bearer of multiple awards and accolades, UOB has made a name for itself to deliver progressive banking solutions for its customers, including businesses – making it a fitting banking and digital partner.

Additionally, the UOB SME app offers business owners a secure and integrated experience with UOB SmartBusiness. Users can link their UOB current accounts, view their business cash flow, and connect with a range of digital services.

The UOB SME app also offers content and insights into relevant technology solutions and events such as the JomTransform Programme with The FinLab, UOB branch events, business webinars, and more.

Moreover, business owners who are looking to expand the network can leverage UOBM’s regional grid of investors, mentors, and business partners to enable knowledge-sharing and collaboration that could possibly lead to business and product partnerships. To trigger business growth, financial advisory services such as UOB BizMoney and UOB BizCA+¹ are also conveniently available in the UOB SME app.

2. Prime Partners & Services

UOB SmartBusiness allows businesses to seamlessly integrate digital solutions to manage complicated operational tasks by offering a series of digital partners and services in many areas such as accounting, HR & Payroll, eCommerce, point of sales systems, and more.

Accounting partners such as Financio, AutoCount, and QNE are cloud-based software that automate your accounting needs by providing real-time reports, easy navigation, and integrated local tax and statutory requirements.

To manage your employees, MYwave can help your business simplify payrolls, leaves, claims, and more with minimal data entry and desktop and mobile access.

Xilnex provides businesses with retail management solutions with leading cloud-based point of sales software by streamlining the sales process, organizing inventory, and reducing human errors. For businesses looking to go online, EasyStore allows you to effortlessly set up an online presence with its unique eCommerce platform and digital marketing tools.

As a registered UOB SmartBusiness partner, you can also enjoy preferential rates from the list of solutions and get complimentary value-added services with no additional charges.

Aside from that, your business can also partner with GHL via UOB SmartBusiness for enhanced payment solutions. GHL is a one-stop payment solutions provider for all types of payment methods, including VISA, MasterCard, Paynet, China Unionpay, AMEX, Alipay, WeChat pay,Touch ‘n Go eWallet, Boost, Shopee Pay and more.

Among the offline-to-online payment options available include credit cards, debit cards, e-wallets. The credit card machines and credit card terminals are designed for businesses to accept and make payments in a fast, secure and convenient way.

With GHL, Malaysian SMEs can enjoy the acceptance of multiple payment methods, secure payment processing, easy reconciliation of payments, as well as excellent support for any inquiries.

3. Elevate Business Efficiency & Effectivity

By utilising UOB SmartBusiness, both current and new business owners can propel their businesses further by automating and digitizing specific business processes, allowing priority on the core business model and business growth.

Together with the UOB SME app, UOB SmartBusiness allows business owners to stay on top of managing their business financial operations and connect easily with their digital partners, providing effective management and efficiency.

Whether you’re looking to improve productivity, digitize business operations, or stay on top of the market, UOB SmartBusiness could be the driving force to success. For more information on how UOB SmartBusiness, head to their website or get in touch with a representative today.

¹UOB deposits are protected by PIDM up to RM250,000 for each depositor.

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