“Dragonfire Corporate Solutions Collaborates with Myfinb to Improve Financial Decision-Making And Performance Of Malaysia’s SMEs”
Kuala Lumpur, Malaysia 16 November 2017 – Dragonfire Corporate Solutions Sdn Bhd, a KL-based management consulting company, is teaming up with Malaysian business analytics firm MyFinB (M) to help the country’s small business owners harness the power of analytics to improve financial decision-making and performance.
Under the collaboration, Dragonfire will promote and resell, on a non-exclusive basis, MyFinB’s Management Review financial analytics reports to Dragonfire’s SME and NGO clients. The company will maximize the value of MyFinB’s financial analytics reports to clients by bundling them with its business advisory services. In this way, Dragonfire can assist small business owners and managers to understand the meaning behind the numbers, take corrective action where needed, and use them as the basis of strategic and operational planning to improve sustainability and profitability.
“Today’s buzzwords in business are ‘big data’ and ‘data analysis,’ but few small business owners know what they mean, or that they can use them to improve their financial reporting and decision making,” explains George Bohlender, Dragonfire’s Managing Director. “MyFinB’s ability to take raw financial data from a business and almost immediately convert it to plain language reports is a boon for business owners. Even better, the reports include an analysis of the numbers and suggested actions for improvement. We now have access to affordable and easy to use tools that we can use with SMEs and small business owners to assist them in planning performance and sustainability improvements,” Bohlender adds.
On his part, MyFinB Chief Executive Officer, M Nazri, said “As a Fintech startup seeking to deliver more exciting technological innovations to SMEs and NGOs in Malaysia, MyFinB is excited at the opportunity to work closely with Dragonfire in the future.” He also added, “At this moment, we are servicing a major bank in Malaysia that is involved in SME financing and development since October 2016. More than 600 companies have benefited from using our tools via the banks’ intervention officers and business counsellors. Hence, we are confidence that we are able to value-add in financial decision making and performance of Malaysia’s SMEs.”
About Dragonfire Corporate Solutions Sdn Bhd
Established in 2012, Dragonfire Corporate Solutions Sdn Bhd (https://www.dragonfire.com.my) is a KL-based boutique management consulting firm offering a customized suite of organizational development, strategic planning, financial analysis, and business communications solutions to SMEs, NGOs, communities, and youth. The company also operates Dragonfire Academy (www.academy.dragonfire.com.my) a center for continuous learning offering academic, TVET, professional development, and entrepreneurship education & training programs and services to Malaysian adults.
MyFinB sets out the vision of helping more than 100m businesses worldwide make sense of their financial statements using its proprietary Artificial Intelligence (AI) and Natural Language Generator (NLG) engines. As a virtual CFO and risk analytics platform that uses A.I. to conduct financial assessments, it also provides recommendations for enterprises and consumers on a web-to-mobile platform. With regional headquarters in Singapore, Malaysia and UK, it serves four segments (financial institutions, accounting and consultancy firms, government agencies and enterprises) globally – and help them achieve higher productivity, lowered risks and better shareholder value.
For more details, please visit www.MyFinB.com and email: corpcomms@MyFinB.com.