'Jom Transform' Launched to Help SMEs Transform Digitally
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United Overseas Bank (Malaysia) Bhd (UOB Malaysia) and The FinLab have started The FinLab Online, a digital platform to support local small- and medium-sized enterprises (SMEs) and start-ups realise digital solutions to transform their businesses.
The digital platform will incorporate the Jom Transform Programme, a business transformation programme aimed at helping local SMEs to digitalise their operations for productivity and revenue growth.
Participating SMEs will undergo a one-month curriculum on the digital platform. They will be able to tap the expertise of industry mentors from UOB and its partners through online workshops, video tutorials and webinars. The Malaysia Digital Economy Corporation (MDEC) will be the strategic partner for the programme to provide advisory in digitalisation.
Participants will also be able to conduct a self-assessment of their technology needs based on The FinLab’s proprietary business analysis tools. They will then be guided on digitalisation strategies and solutions to address immediate business challenges and be matched with relevant technology solution providers.
Digitalisation has become more important as of recent.
Additionally, participants will be able to consult the platform's community network to address issues specific to their business and operational needs such as e-commerce, marketing, human resources, administrative operations and customer relationship management.
Wong Kim Choong, Chief Executive Officer, UOB Malaysia, said incorporating the Jom Transform Programme on The FinLab Online digital platform is one of the ways the Bank is making it more accessible for Malaysian SMEs to accelerate their digitalisation plans.
“With the Jom Transform Programme conducted digitally on The FinLab Online, SME business owners can learn how to tap technology for their digital transformation and do so from the safety of their own homes.”
Helping SMEs digitalise
The Jom Transform Programme intends to support at least 100 Malaysian SMEs embrace digitalisation to accomplish one of the following outcomes:
- increase in revenue,
- reduction in business cost,
- improvement of the process time cycle,
- reduction in man-hours, or
- creation of new sources of growth.
In 2020, the programme includes support from MDEC through its Smart Automation Grant, a matching grant allocated by the Malaysian government for local businesses in the services industry to automate their business processes. The grant will be offered to participating businesses that successfully pitch their digitalisation plans and demonstrate tangible outcomes.
The one-month Jom Transform Programme with The FinLab will begin in August 2020. Local businesses interested in joining the Jom Transform Programme may register their interest now at https://thefinlab.com/malaysiajomtransform/.
Source: MalaysiaKini
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