CIMB Foundation organised an educational programme today to help SMEs align their businesses towards the digital era, especially the 4th Industrial Revolution (IR4.0). Many are simply not ready to deal with the impact IR4.0 will have on the business landscape, particularly in the area of e-commerce.

The primary aim of this programme is to help participants learn from successful cases and understand the value technology can add to their companies. Cheng & Co Group’s Executive Chairman Professor Dato’ Dr Chua Hock Hoo was among the speakers and enlightened the audience on the benefits of Cloud Accounting for SMEs.

Cloud accounting is revolutionising the operational environment for businesses and SMEs must realise the importance of this technology and utilise it to its full potential. Dato’ Dr Chua stressed on how Cloud Accounting can help businesses increase efficiency, enjoy mobility, enhanced security and, crucially, cost savings.

The programme, held at Menara CIMB in KL Sentral and mainly attended by Directors of SMEs that have been in operations for at least two years, also featured talks on the future of e-commerce for SMEs by the Malaysian Digital Economy Corporation and the secrets to successful SME loan applications by CIMB Bank.