KUALA LUMPUR, 27 June 2024 – In a significant milestone for Malaysia’s SME community, CTOS Data Systems Sdn Bhd hosted the second iteration of its business networking event, ‘CTOS SME Biz Day 2024,’ welcoming over 1,500 attendees. This turnout surpasses last year’s participation by a remarkable 50%.
The one-day conference, themed ‘Future-Forward SMEs: Grow, Transform, Innovate,’ featured an impressive lineup of speakers and moderators. Representatives from SME Corporation Malaysia, MATRADE, Small and Medium Enterprises Association (SAMENTA), RAM Rating Services Berhad, ZUS Coffee, Oriental Kopi, FashionValet Group, and Lawrence Walter Seminars shared their insights.
This event comes at a crucial time for Malaysia, which is experiencing a 4.2% Gross Domestic Product (GDP) growth and an increase in the RAM-CTOS Business Confidence Index (BCI) to 53.4 points in Q1 2024. This positive BCI reading indicates optimism among SMEs regarding turnover, profitability, hiring, capital investment, and capacity utilization.
Erick Hamburger, Group CEO of CTOS Digital Berhad, stated, “Amidst this blue-sky scenario, SMEs face multiple challenges such as rapid technological advancements, inflationary pressures, and exchange rate fluctuations, which could impact financing conditions including the ease of credit. This is why CTOS continues to champion the cause of the SME community. CTOS aims to empower businesses to gain access to credit, to provide a clearer pathway to a better, sustainable future. We are proud to count more than 20,000 SMEs as our subscribers and envision to grow this further.”
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Attendees gained valuable insights on market and economic prospects for the second half of 2024. Speakers shared real-life experiences in activating digital transformation, developing resilience, embracing failure, and cultivating winning mindsets to become industry game-changers.
CTOS SME Biz Day 2024 was organized in exclusive partnership with key technology players, including Unifi Business, Microsoft, Lawbank Asia, Amazon Web Services, and SNS Network. At the event, CTOS announced the soft launch of its new cyber security rating services. This service aims to help SMEs stay ahead of cyber threats and ensure compliance with emerging regulations. Leveraging CTOS’s expertise in credit ratings and risk management, the new cyber security rating provides a holistic view of a company’s risk profile across financial and cyber security aspects, helping clients navigate today’s complex digital landscape.
This new offering complements two key services designed for SMEs: CTOS Credit Manager and CTOS Verified. The CTOS Verified service, launched recently in collaboration with airasia academy, allows businesses to market their online credibility effectively. By displaying the CTOS Verified seal on their website, SMEs can enhance their visibility, credibility, and transparency.
The CTOS Credit Manager is a web-based application that allows SMEs to search, store, monitor, and manage customer information to reduce business credit risk. This powerful solution is continuously enhanced to ensure SMEs have the best tools to run their businesses smoothly.
To learn more about credit health or how CTOS can help your business, or to sign up for the CTOS self-check service, download the CTOS mobile app or visit CTOS Credit.
