Singapore’s United Overseas Bank will offer Enterpryze’s solution to business customers.
An online and mobile-access solution to SAP Business One, developed by Dublin-based Enterpryze, is to be offered by one of Asia’s largest banks to small- and medium-sized enterprises (SMEs) across Southeast Asia.
United Overseas Bank (UOB), a market leader in Asia headquartered in Singapore, has adopted the Enterpryze platform as a key element of its UOB BizSmart initiative, to help customers digitalise their businesses.
Enterpryze software will be offered as part of UOB BizSmart to customers across Singapore, Thailand, Malaysia, and Indonesia, to help them increase efficiencies. The services Enterpryze will deliver include invoicing, inventory management, and expenses.
Morgan Browne, founder of Enterpryze, said that adoption by one of Asia’s biggest banks reflects the rapid advancement of the disruptive solution.
“This is a very big moment for Enterpryze. It is a global validation of our solution, having launched less than a year and a half ago. That one of Asia’s best-known banks chose our solution, which provides access to SAP Business One, for its SME customers shows the progress we are making. SMEs make up more than 95% of businesses in Southeast Asia.
In addition, it’s also about what will flow from this, thanks to the global recognition the partnership gives Enterpryze. Banks globally will be looking at this move by one of the biggest players in the industry to support their customers. We continue to have huge support that is making this happen, not least from Enterprise Ireland [the national export agency]. This is testament to their work also,” he said.
The announcement follows Enterpryze’s go live in seven countries in East Africa in August last year. The company is now working with 30 banks globally, thanks to the partnership with SAP. It grew its customer base to 5,000 users across 24 countries in its first 12 months of activity.
The UOB BizSmart solution is being deployed as a key solution for SMEs across Southeast Asia to improve productivity levels. Enterpryze reports that SME productivity can be as low as 20% when compared with larger companies. With UOB BizSmart, SMEs will be able to automate administrative processes, which in turn enables them to halve the time spent on administrative work and frees up resources for SMEs to focus on other areas of business.