RHB Reflex Premium Plus manages all business aspects, providing automated solutions for all business needs.
AS BUSINESS become more complex, many growing small and medium sized enterprises (SMEs) end up getting bogged down with weighty administrative tasks and manual inputs.
Instead, they should be charting out the trajectory of their growth for the future.
This was what RHB Bank Bhd discovered in a comprehensive survey that showed about 79% of SMEs found cash flow management overwhelming.
Most of them are weighed down with financial administrative tasks and feel they should spend their time growing their business.
With results from this survey, RHB Bank launched RHB Reflex Premium Plus in 2019, an all-in-one financial management solution that manages all business aspects via automated solutions for all business needs.
It covers precise tracking of sales data, to payroll automation and even something as specific as inventory management.
All these can be monitored and managed from an all-in-one online banking ecosystem.
This application programming interface (API) from RHB Bank provides its customers seamless data exchange with trusted third-party software programmes, which include Financio, SQL, and Talenox for Accounting and HR software.
With these applications, RHB Reflex users have access to a vast array of functions that will help monitor and automate their manual daily operations.
Full-function suite
The facility’s combined accounting solutions of Financio and SQL saves time and reduces potential error by initiating supplier payments that triggers alerts and approval requests from the RHB Reflex Mobile App.
Firstly, users have a full view of all their financial data in one holistic view, which allows business owners and decision makers the capability to make faster and clearer business decisions.
They will be able to view live bank balance anytime through their mobile or desktop, and be able to automate reconciliation via a two-way bank feed.
It also reduces tedious manual cross-checking processes for each accounting entry with their bank transactions.
With the resources of both Kakitangan.com and Talenox, the management can access and manage staff profiles, payrolls and leaves in a single integrated interface.
This is designed to be user-friendly enough for those without a human resource background to comprehend. The automated processes save time and simplify tedious tasks.
Furthermore, the solutions are updated with the latest Employment Act and statutory regulations in Malaysia, which mitigate employers risk, increase their competitiveness to attract talent and ensure employee satisfaction.
There are also electronic point-of-sales facilities, such as StoreHub and Arms that can track sales in real time to provide up-to-the-minute information and live updates.
Seamless integration
By integrating all these facilities, RHB Bank encourages businesses to move beyond traditional banking methods.
SMEs can initiate payments directly within their accounting software, authorising them through RHB Reflex, and eliminating the need for manual data entry.
It saves businesses valuable time and also minimises the risk of errors associated with manual processes.
Besides that, they can also access real-time data that will provide further insights into the market, help them strategise the next move or to formulate long-term plans.
Businesses can also have a better grip on their finances, control access to up-to-date balances and reconcile accounts directly within their chosen software, fostering and informed decision-making.
Such API integration opens doors to a wider ecosystem of financial tools and services as businesses can leverage solutions offered by the bank’s partner network to create their own customised financial management experience.
Dedicated to uplift SMEs
RHB Bank is committed to helping SMEs adapt to the modern era of banking by introducing an integrated API suite that engages partnerships with leading financial technology providers.
Businesses that have successfully signed up for the RHB Reflex Premium Plus will get to enjoy a free trial period, online classroom training and collaboration opportunities with RHB partners.
For more information, visit the nearest RHB branch or the RHB Reflex Premium Plus website
