SMEs see productivity jump with UOB Malaysia, The FinLab transformation programme
United Overseas Bank Malaysia and The FinLab have announced that the small- and medium-sized enterprises (SMEs) that have completed the Jom Transform Programme 1 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, driving productivity and revenue growth. During the three-month programme, the 16 participating SMEs gained digital transformation skills and knowhow such as business re-engineering and digital marketing. As part of their skills development, they learnt from experts and were matched with 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 t...