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While the on-going global COVID-19 pandemic has affected businesses across all sectors – with many predicted to go into insolvency due to their business nature – it has also paved the way for digital transformation as businesses are forced to modify their operations to cope with restricted movement and supply interruption.

 

Although the government has introduced a few stimulus packages to aid local SMEs, particularly those in the tourism, aviation, training and development, retail, and property industries, many are still struggling to adapt to these changes.

 

Among the initiatives provided by the government to drive Malaysia’s economic recovery include the RM1.2 billion PENJANA package which seeks to help the digitalisation of local businesses.

 

Additionally, under the Kita Prihatin Programme, the government has set aside RM600 million for the Special Prihatin Grant which is expected to benefit 200,000 micro entrepreneurs.

 

Thus, SMEs are forced to ramp up their digitalisation efforts in order to survive.

Need to go digital but not sure how? Now your SME can set up an online webstore for FREE

In an effort to aid local SMEs build and scale-up their digital presence, we have teamed up with Shopmatic, a leading e-commerce provider in Southeast Asia, to aid SMEs in setting up an e-commerce site complete with a secure payment gateway, and provide guidance on the necessary technical know-how in starting and running an online business.

 

Other advantages of the CIMB-Shopmatic partnership for SMEs include getting access to fully integrated services for shipping, social and digital marketing, point of sale and last-mile fulfilment at as low as RM3/month hosting fee only. SMEs also stand the chance to get exposure to our expertise and regional networks, something that might come in handy for businesses that are just starting-up or aim to scale-up their businesses.

 

To top this off, our CIMB Business Current Account/-i customers also get to enjoy 30% off Shopmatic’s subscription package!

Need assistance with integrating and managing your digital business?

To further enhance, integrate, and manage your online business, we have also teamed up with HReasily to launch BusinessHR.asia, a cloud-based all-in-one payroll and HR platform.

 

Save the hassle on hectic payroll processes every month by signing up now and enjoy other services like leave management, mobile application, smart check-in and claims.

 

If you sign up now, CIMB customers get to enjoy complimentary usage of up to three months upon a one year subscription.

 

This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions that will improve our well-being. This, in turn, achieves CIMB’s purpose of advancing customers and society.

 

The article was first published on CompareHero.my.