KUALA LUMPUR (June 26): RHB Bank Bhd targets to garner an additional 2,500 registrations in the next 12 months, as its expands its RHB SME e-Solution.

Originally targeted at the retail industry, RHB SME e-Solution has now been expanded to cover SMEs from all segments.

In a statement today, RHB Bank said the bank, with the expansion in place, becomes the first financial institution in the country to offer the first-of-its-kind, all-in-one hassle-free solution for Malaysian small and medium enterprises (SMEs) looking to digitalise the way they run their business.

Apart from a business current account and REFLEX online cash management system that enables low-cost internet banking, RHB SME e-Solution now includes Financio’s accounting software that manages accounting records and provides intelligent business insights and Kakitangan.com’s human resource and payroll solutions aimed at reducing cost and improving efficiency in managing payroll services.

"The RHB SME e-solution also includes two selections of electronic point-of-sale systems powered by Storehub and ARMS that provide back office analytics and customer relationship management for better management by the business owner," RHB Bank said. 

To complement the SME eco-system, RHB SME e-Solution offers credit and debit card terminals to enable card transactions and customised SME insurance packages, specifically for SMEs to protect their businesses.

In addition, RHB SME e-solution also offers business credit cards to help them with expenses and payment plans.  With this solution, businesses have the opportunity to start their operations within eight days upon obtaining approval.