Retailers' remedy: UOB turns to integrated cloud-based solution to offer businesses smarter processes

Today’s volatile economic environment is not an easy one for retailers to navigate in, especially with challenging retail and industry conditions such as manpower crunch, rising costs, managing HR and payroll, customer experience and employee retention, amidst many other concerns.

Retailers can then be caught in a complex balancing act between reducing the costs of operating the business with increasing productivity.

Aware of the predicaments that retailers are currently facing, United Overseas Bank (“UOB”) collaborates with Newstead Technologies (“Newstead”) to introduce BizSmart, an integration of 5 cloud-based digital applications from separate service providers that manages major business operations efficiently.

Here is a rundown of the applications retailers can enjoy through BizSmart's novel approach:

• Xero: An accounting software for small businesses and their financial advisors that provides a direct account feed from UOB to Xero, allowing users to easily view and reconcile bank account transactions.
• Vend: A point-of-sale (POS) and inventory management solution used by retailers to manage sales, inventory, and reports.
• Deputy: An employee management solution that manages employee scheduling, time and attendance tracking.
• HReasily: A payroll software integrated with UOB Business Internet Banking Plus (BIBPlus) to issue itemised payslips in accordance with Ministry of Manpower mandate.
• MobileIron: A mobile device management that efficiently configures, manages and secures company-owned iOS devices.

The smart way to run your business

With BizSmart, it offers a comprehensive bundle at 40% of the cost that retailers typically pay for traditional silo solutions, applications that are constantly up-to-date with automatic software releases, and the convenience of a single invoice and a single point-of-contact for technical and sales support from Newstead.

With secured interactions between the applications, retailers can reduce manual processes and digitize back office by introducing informed critical workflows. In addition, live data are available on cloud, allowing them to make better and timely decisions confidently.

Retailers do not need to worry about data loss as the applications ensure protocols are set to protect your business information from any unauthorized person or in the event of device loss.

The benefits of BizSmart for retail businesses have been highlighted, how about non-retail businesses? Are there solutions for them as well? UOB has got them covered too. BizSmart has a lite bundle that includes Xero and HReasily solutions for non-retail operations.

Click here for more information on BizSmart. Disclaimers, terms and conditions apply.

Disclaimer: United Overseas Bank Limited (“UOB”) and its affiliates are not responsible for and has no control over its customer’s data immediately once such data has left UOB’s and its affiliates’ servers to be disclosed and provided to Xero. UOB and its affiliates shall not be liable or responsible in any manner whatsoever in relation to such disclosure and provision of customer data. The 5 cloud-based-applications are offered and provided by third parties (including, inter alia, separate external third party service providers/vendors) who are all independent contractors and beyond the control of UOB and its affiliates. UOB and its affiliates are not agents of such third parties. UOB and its affiliates assumes no liability or responsibility for the acts or defaults of such third parties, or any defects, deficiency, quality, merchantability, the fitness or any other aspect of the goods and services provided by such third parties. Any dispute about the quality or service standard must be resolved directly with the applicable third parties. The third parties may impose conditions for the usage of their goods and services. UOB will not be responsible for any injury, loss or damage suffered as a result of the usage of the goods and services. Under no circumstances shall UOB or its affiliates be construed as endorsing or recommending any of the digital applications or products or services comprised under BizSmart or any such third parties who are providing the digital applications and/or products and/or the services by reason of the inclusion of the digital applications, products and services under BizSmart.