RHB Bank offers online solutions for SMEs, targets 2,500 more registrations

Jeffrey Ng Eow Oo, Head of Group Business and Transaction Banking, RHB Banking Group (centre) with RHB SME e-Solution partners, (left to right) Zae Lo, POS Consultant of ARMS Software International Sdn Bhd; Paul Conway, CEO of Financio Sdn Bhd; Wai Hong Fong, CEO of StoreHub; and Effon Khoo, Founder & CEO of Kakitangan.com

KUALA LUMPUR: RHB Bank Bhd targets to get 2,500 more registrations in the next 12 months for its SME e-Solution which offers the first total cloud based solutions,as it seeks to provide greater connectivity and efficiency for small and medium enterprises (SMEs). 

Originally targeted at the retail industry, RHB SME e-Solution has been expanded to cover SMEs from all segments. 

It now includes Financio’s accounting software that manages accounting records and provides intelligent business insights, and Kakitangan.com’s human resource and payroll solution aimed at reducing cost and improving efficiency in managing payroll services. 

This is apart from a business current account and REFLEX online cash management system that enables low cost internet banking.

The RHB SME e-solution also includes two selections of electronic point-of-sale systems powered by Storehub and ARMS that provide back office analytics and customer relationship management (CRM) for better management by the business owner.  

With the expansion in place, RHB becomes the first financial institution in the country to offer the first-of-its-kind, all-in-one hassle-free solution for Malaysian SMEs looking to digitalise their business.

To complement the SME eco-system, RHB SME e-Solution offers credit and debit card terminals to enable card transactions, and customised SME insurance packages specifically for SMEs to protect their businesses. 

It also offers business credit cards to help them with expenses and payment plans.  With this solution, businesses have the opportunity to start their operations within eight days upon obtaining approval.

RHB Banking Group's head of group business & transaction banking Jeffrey Ng Eow Oo said: “We are proud to be the first financial institution in Malaysia to offer total connectivity solutions for SMEs. 

“With the expanded offering, the RHB SME e-Solution provides SMEs a holistic solution for seamless connectivity. With this, SMEs are able to achieve cost reduction and increase efficiency in their businesses,” he said.

RHB is focused on innovations that simplify the customers’ business journey by offering both financial and technology-based solutions in line with its Digital Transformation Programme.

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