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United Overseas Bank Limited (UOB) has launched a cloud-basedd, integrated business solution that aims to help SMBs save time and money.
The service, UOB's BizSmart solution enables small businesses, especially those in the retail industry, to handle administrative work more efficiently. It integrates and manages back office processes such as payroll, accounting, inventory and resourcing. It is also the only solution that gives small businesses a direct feed from their operating accounts with UOB, enabling them to reconcile transactions, such as purchase orders to suppliers and daily takings, with their bank statement in one simple click, on a daily basis.
BizSmart was designed in response to the 2016 UOB Small Business Survey which found that four out of five respondents spend at least four days a month on administrative work, mainly on business development paperwork (60 per cent) and inventory management (45 per cent).
Instead...