Stand a chance to get an SME digitalization matching grant up to 50% of your invoice value or up to RM5,000 when you digitalize your business with Food Market Hub today!
In the announcement of Malaysia’s Budget 2021 presented by our Finance Minister Tengku Zafrul Abdul Aziz, the government has continued to allocate a budget of RM500million over 5 years since 2020 for businesses to digitalize their businesses. However, it is only limited to the first 100,000 SMEs and cooperatives applicants who have subscribed to solutions offered by the appointed technology solution providers in the sectors below (TSPs). and lucky for you, Food Market Hub is one of the selected TSPs!
So when you sign up with Food Market Hub, the government will subsidize 50% of the invoice value in the form of a matching digitalization grant, up to RM5,000!
7 Areas to be Digitalized:
- Electronic Point of Sales (e-POS) System
- ERP/Accounting & Tax
- Digital Marketing and/or Sales
- HR Payroll System/CRM
- Remote Working
Here’s how you can start digitalizing your business and claim your Matching Digitalization Grant up to RM5,000:
SME & Cooperatives Eligibility for digitalization grant:
- The company is at least 60% owned by Malaysian.
- The company registered under the relevant laws of Malaysia
- Cooperatives and SMEs must be operating for at least 6 months
- Have an annual (Yearly) turnover of RM50,000
With this initiative from the government through the Ministry of Finance (MoF) partnering with Bank Simpanan Nasional, SME Bank and Malaysia Digital Economy Corporation (MDEC), Food Market Hub is proud to be selected as one of the few technology solution provider (TSP) within the procurement area, aligning with our mission to help F&B businesses to achieve sustainability through digitalization.
How Food Market Hub can contribute to your F&B Business
& help you get that digitalization grant!
Food Market Hub is a procurement and inventory management platform, designed to modernize F&B businesses of both F&B restaurant owners and F&B suppliers.
With Food Market Hub, you can manage your procurement chats, ordering, receiving and reporting, all in one platform! Upon ordering, you can send out your purchase orders directly through the system to designated suppliers and make payment through the app. Your orders or sales data can also be automatically entered into an ERP/ accounting system directly from our app.
With predictive analysis and Artificial intelligence in place, we unravel hidden costs and bring halt to food wastage in the F&B industry!
On top of simplifying your procurement or supply sales processes, we are also able to integrate with your POS and ERP/Accounting & Tax systems. So you can streamline your back end processes to avoid re-entering data, saving you on time and cost on admin hiring!
You can generate an invoice within seconds.
Salad chain restaurant: “After using Food Market Hub, We are able to save up to 57% of administrative time!”
FK supply (Vegetable and fruits supplier): “I used to hire 5 admins to work, but now 2 people is enough to get the job done. I can also generate an invoice in 10seconds thanks to Food Market Hub!”
Hence. This shows how important digitalizing your business is! it can save you so much, and make your life so much simpler!
Food Market Hub is trusted by brands such as KFC, Salad Atelier, Serai Group, Fei Fan HotPot, Paradise group, Rakuzen and many more!
If you fit the criteria and you would love to find out more on our solutions and the amazing digitalization grant, contact us by filling up the form below. Our team will be in touch to provide you a FREE demo of our solutions and advise the module which is best suited for your business needs. We will also be glad to assist you with the application of the digitalization grant upon successful sign-up at ZERO cost!
For more info regarding the digitalization grant visit https://www.bsn.com.my/page/sme-digitalisation-initiative