MyFinB shares AI-based strategies for SMEs hit by Covid-19
: MyFinB provided an SME perspective from the lens of Artificial Intelligence
Kuala Lumpur, Malaysia 10th March 2021 – Speaking at the 16th Kuala Lumpur Islamic Finance Forum (KLIFF) 2021, M Nazri reminded that the old methods of doing business need to change and how we make money needs to change. From the perspective of an SME, he mentioned that for business owners to understand the nature of the business, they need to look at 9 key areas of intervention. These areas provide the business with a 360 view using AI on how these 9 key areas can be tackled.
The 9 key areas are:
1. Business Valuation
2. Financial Healthcheck
3. Business Partnering
4. Fund Raising
5. Business Remodelling
6. Bankability & Leverage
7. Mergers & Acquisitions
8. Budget & Resourcing
9. Succession Planning
Through the use of MyFinB’s (MFB) AI, customised business roadmaps and other deliverables could be generated under MFB’s Restore & Rebuild (R&R) Programme.
In addition, M Nazri also touched on;
▪ Emerging Risks & Opportunities facing Malaysian Businesses
▪ The Models for Rebuilding & Restoring Business Operations in Covid times
▪ Impact of Technology on Business Operations and Valuation
Supported with R&R case studies to demonstrate the application of AI that could help SMEs and together with a practical view on how programmes like Restore & Rebuild can help business owners, MFB hopes more can benefit from such analytical insights during this post-covide era.
To find out more about MFB’s Restore & Rebuild Programme, you may visit https://myfinb.com/restore-rebuild-programme/
For more enquiries, please email to corpcomms@myfinb.com.
