UOB to offer mobile access to SAP Business One via BizSmart

UOB to offer mobile access to SAP Business One via BizSmart

Michelle Zhu
13/08/18, 06:27 pm

SINGAPORE (Aug 13): UOB is collaborating with Enterpryze, an Irish start-up providing cloud and mobile technology, to develop a mobile solution that enables its customers to access the SAP Business One software solution via UOB BizSmart.

UOB BizSmart is the bank’s cloud-based, integrated business solution enabling small businesses to automate administrative processes such as payroll, invoicing and inventory management.  

See: UOB to offer SAP business software to SME customers

Through the partnership between UOB and Enterpryze, users of UOB BizSmart will be able to gain a real-time overview of their business operations, from the company’s financial position to its inventory levels.

This will enable them to make smarter business decisions that would in turn result in higher productivity, efficiency and growth, says UOB in a press release on Monday.

Lawrence Loh, managing director and head of Group Business Banking, UOB, observes more small businesses using UOB’s mobile offerings, with a 77% increase in the number of small business customers opting to use the UOB Business mobile app over the last 12 months.

“Most of us now depend on our mobile device because of the speed and convenience it provides and how it ensures optimal use of our time wherever we are. In fact, we use it as if it were our personal assistant to help us organise our daily activities such as planning schedules, making purchases and banking. As the same would apply for small businesses, we have harnessed mobile technology to help them be more efficient and productive,” says Loh.

“By working with Enterpryze to offer mobile capabilities, we can improve the customer experience to include access to business management tools within UOB BizSmart to help small businesses increase their productivity for better business performance,” he adds. 

Winners and losers from Singapore's budget as election looms

SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. The expansionary fiscal plan will push the overall budget deficit to 0.7% of gross domestic product in the year ending March 2020, from a revised surplus of 0.4% this year. The finance minister opened....

Sasseur REIT FY18 DPU exceeds IPO forecast by 12.6%

SINGAPORE (Feb 18): The manager of Sasseur REIT announced a 4Q18 DPU of 1.999 cents, 28.1% higher than forecast. This also brings 2H18 DPU to 3.541 cents and FY18 DPU to a total of 5.128 cents. Sasseur REIT offers investors the unique opportunity to invest in the fast-growing retail outlet mall sector in China through its initial portfolio of four quality retail outlet mall assets. 4Q18 distributable income came in at $23.6 million, 28.1% higher than forecast while EMA rental income came in 1.6% higher than forecast at $31.2 million. Based on the Feb 18 closing unit price of $0.71,....

DBS chief sounds cautious note, but expects modest growth this year

SINGAPORE (Feb 18): Looking to the future, DBS CEO Piyush Gupta sounded a cautious note. For one, mortgage bookings have fallen by 30% to 40% since additional cooling measures were announced in July last year, he said. However, loan growth should continue and is likely to come from the corporate sector. See also: DBS reports 8% rise in 4Q earnings to $1.32 bil; brings FY18 earnings to new record high “We guided for mid-single digit loan growth and we are keeping to this loan growth estimate. I anticipate we will still see choppy markets and macro-economic slowdown,” Gupta says. Among....