Banking News

UOB targets F&B businesses with BizSmart offering

(2 November 2018 – Singapore) UOB announced a new feature of its small business-focused BizSmart platform to support their customers in the food and beverage sector in managing their suppliers more effectively.

The Bank has integrated a digital procurement platform EzyProcure into its BizSmart tool, enabling small businesses to purchase and pay for their goods through the one portal, digitising the entire supplier management process.

Lawrence Loh, head of group business banking UOB, said: “since we launched UOB BizSmart more than two years ago, we have been engaging more than 7,000 small businesses to understand their digitalisation needs. As businesses become more aware of the need to harness technology, we felt that it was timely to offer a solution that goes beyond automating back office processes to one that provides an holistic view of their operations.”