Kuala Lumpur, Malaysia – RHB has announced brand new enhancements to its RHB REFLEX Premium Plus digital platform, the all-in-one financial management solution for SMEs. The enhanced version brings forward an integration that offers more options for accounting and payroll connectivity, as well as provides a more holistic ecosystem proposition for business owners.
The all-in-one financial management solution helps businesses manage and automate daily operations such as financial, sales, accounting, and people management including accounting & HR-related transactions. Chung Chee Kai, the head of group transaction banking of RHB Banking Group, said the accounting and HR solutions via API integration within RHB REFLEX Premium Plus allow for seamless and secure connectivity to third-party service providers, which in turn provides them with better control and improved cost and operational efficiencies through the automation of various accounting and HR functions.
“At RHB, we are focused on delivering market-leading and seamless customer experience that holistically addresses our customer’s business needs. RHB REFLEX Premium Plus addresses the increasingly sophisticated needs of our SME customers and today, more than 2,000 of our SME customers are already using this facility. We target to [onboard] a total of more than 15,000 SME customers to this enhanced digital platform by 2025,” said Chung Chee Kai.
Through this first-in-market API integration of accounting and HR solutions, RHB’s SME customers are able to seamlessly automate payroll and other accounting functions, such as viewing their banking account balances and preparing invoice and salary payments, directly via the partner’s platform without the need to go on different channels. Furthermore, customers can retrieve essential information via an all-in-one financial dashboard as well as automate bank reconciliation and retrieve on-demand/periodical bank account statements.