Empowering local businesses and SMEs to power through the times.
WITH the recent reopening of economic sectors, many businesses are gearing up to make up for lost time and income. While it’s business as usual, the pandemic has caused a major upheaval – necessitating changes that conform to the needs of the times and new norms.
One lesson learned from the pandemic is the necessity of ensuring the continuity and sustainability of business and business practices, particularly among the SMEs, which includes being able to access, monitor and manage a business remotely at any time.
Now, business owners can easily keep an eye on their business with the new Maybank2u Biz (M2U Biz) app. This all-new app from Maybank presents business owners the perfect platform to manage their businesses the simpler, smarter and more secure way.
M2U Biz allows users to select different levels of access to the account, based on their role assigned during the registration process. Each appointed user can hold one type of access within a particular business entity.
• Viewer: Access to view all accounts details.
• Maker: Access to view and initiate transactions for the checkers approval.
• Checker: Access to view and approve transactions initiated by the maker.
Via this app, business owners have the convenience of accessing their account details, as well as their fixed deposits, hire purchase and loans. Having access to this enables them to make better cash flow decisions to maximise profitability of their company.
This feature also allows users to export their transactional data up to past 12 months in CSV file to be used with other third-party accounting software.
Another convenience offered by this app is the ability to conduct transactions on the go. With all your business transaction easily within reach at your fingertips, you can focus on more important business matters at hand without worries. This nifty feature allows users to initiate payments and fund transfers from their mobile. For more efficiency, you can set up recurring payments and favourite payees.
Meanwhile, checkers can approve up to 10 transactions at one go with a seven-day approval period.
To offer a more convenient way of issuing invoices that would minimise paperwork and time, this usually tedious task is simplified via M2U Biz whereby you can customise invoices from ready-to-use templates within the app itself and send it directly from the app email or chat messaging applications such as WhatsApp,. The app also allows monitoring of invoice status and mark them accordingly.
For paid invoices, you can choose to issue a receipt, while for unpaid ones you could send a reminder with a template email provided in the app.
Last but not least, the app uses Secure2u, which is a fast and secure way to authorise transactions. It gives users an extra level of security and reduces exposure to fraud.
To set this up, users pair the device of their choice with their M2U Biz account.
The Power 2 Win is in your hands.
Now would be the best time to sign up for your very own M2U Biz account as Maybank is unrolling an exciting promotion – the Power 2 Win contest gives users the chance to stand to win up to RM30,000 when log they in or transact with the new app from now till Dec 31 2021.
Ten lucky winners will be selected every month, so grab the chance to win just by carrying out your transactions.
Find out more about the M2U Biz app here.
Download the app from the Google PlayStore or Apple App Store if you’re an existing M2U Biz customer.
Non-Maybank customers, meanwhile, can easily open a business account online via Maybank2U and make a single trip to the branch to activate the account. Once done, they can start using the app and have access to all the banking features and business tools.
