UOB Malaysia and The FinLab complete Jom Transform Programme
By Digital News Asia December 11, 2019
- Sixteen SMEs took part in the three-month programme
- Twelve piloted solutions to enhance their core business processes
UNITED Overseas Bank (Malaysia) Bhd (UOB Malaysia) and The FinLab on Dec 10 announced that the small- and medium-sized enterprises (SMEs) that have completed the Jom Transform Programme are expected to see productivity rise by up to 30% through digitalisation.
The Jom Transform Programme is the first business transformation programme in Malaysia to help local businesses digitalise their operations to drive productivity and revenue growth.
During the three-month programme, the 16 participating SMEs gained digital transformation skills and know-how such as business re-engineering and digital marketing.
As part of their skills development, they learnt industry secrets from experts at a series of workshops and were matched with specially-chosen technology partners to pilot relevant solutions and to assess the effectiveness of these solutions.
Out of the 16 participating SMEs, 12 piloted solutions to enhance their core business processes such as payroll, human resources and accounting. The automation of these processes is expected to help employees reduce the time they spend on manual, administrative processes by as much as 30%.
This will free up their time to do more value-added work and in turn contribute to the company’s overall productivity and efficiency.
The SMEs also piloted solutions in digital marketing, lead generation, content creation and e-commerce solutions. These solutions are expected to boost the SMEs’ sales and customer acquisition by up to 10%.
UOB Malaysia chief executive officer Wong Kim Choong, said the Jom Transform Programme affirms the bank’s commitment to help Malaysian SMEs digitalise their business for continued growth and productivity.