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DBS HK connects with SME accounting platform Financio

Source: DBS

In an all-out effort to help SMEs with their digital transformation journey during COVID-19, DBS Hong Kong and cloud-based accounting software solution Financio, today announced a first-of-its-kind partnership in Hong Kong to transform how businesses manage their finances anytime and anywhere.

Understanding cash flow uncertainties is one of SMEs top challenge. The integration between DBS business account and Financio is done digitally without the need to visit branches nor fill in a paper form. Once connected, data can flow securely and automatically into Financio each day, enabling SMEs to save time, avoid human errors, and have up-to-date view of their cash flow.

Key benefits:
• Easy Reconciliation: Receive daily bank feeds and reconcile the transactions
• Support:
o Cantonese-speaking help desk
o Help is right at your fingertips with Financio’s in-app chat support
o Traditional Chinese and English interface available

“As a leader in SME banking, DBS Hong Kong fully understands the needs of SME customers, particularly during the current challenging environment. With many small business owners spending countless hours manually importing and reconciling their bank statements every month, we believe our pioneering partnership with Financio helps equip our SME customers with true efficiency and productivity gains, so that they can focus on growing their business,” Alex Cheung, Managing Director and Head of Institutional Banking Group, at DBS Hong Kong, said.

“We are excited to extend our regional partnership to include DBS Hong Kong. With over 100,000 customers already in Hong Kong, we understand the challenges SMEs face. Limited access to capital, workforce shortages, the pressure to sustain and grow both domestically and globally are all part of the daily struggle. Now more than ever, SMEs are looking for local, cost-effective solutions to streamline business processes and ensure good cashflow visibility. Our strategic partnership delivers an unabridged offering that will enable SMEs to save time and money - resulting in greater business prosperity,” Rhys Brown, CEO at Financio, said.

Incentive to support SME’s digital transformation:

DBS Hong Kong customers subscribing to the Financio Premium service can enjoy a 30-day free trial period, and nearly 20% discount off the price of Financio’s annual plan when subscribing to the service during the trial period.

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