Wing Bank and AdvancedMSP to Revolutionize Financial-Related HR SolutionsOctober 25, 2023
This collaboration aims to transform payroll and HR management services, offering cutting-edge solutions for all businesses across industries in Cambodia.
Phnom Penh, October 24th, 2023 – Wing Bank (Cambodia) Plc, one of the fastest-growing digital banks in Cambodia, and Advanced MS Provider Co.,Ltd (AdvancedMSP), a leading Acumatica solutions provider in ASEAN, announce a business partnership to leverage cutting-edge technology for a one-stop-shop solution, aiming to revolutionize Payroll and Human Resource Information System (HRIS) for all aspects of business in the local market.
The partnership between Wing Bank and AdvancedMSP, formalized through a Memorandum of Understanding signed by Wing Bank’s CEO Han Peng Kwang and AdvancedMSP’s Founder and CEO Erya Houn Heng, aims to tackle critical challenges faced by businesses in Cambodia across all industries including both private and public sectors.
By integrating Wing Bank’s payroll system with JPayroll Solutions provided by AdvancedMSP, a comprehensive Human Resource Information System (HRIS) application and Payroll Software, the client can anticipate a smooth and efficient experience in payroll and HR management, thereby improving their business operation.
“We are not just providing HR-related financial solutions; we are offering a truly transformative experience,” said Wing Bank’s CEO Han Peng Kwang, “Through the powerful combination of our financial expertise and AdvancedMSP’s innovative solutions, we empower businesses to effortlessly navigate HR management complexities.”
Erya Houn Heng, Founder and CEO of AdvancedMSP, said, “We are very excited about the partnership with Wing Bank, as we are helping our clients fully automate their Enterprise Resource Planning (ERP), Payroll Systems and HRIS, including the payment system with automated bank reconciliations. Even their staff payroll is automated as well.”
According to Erya Houn Heng, Advanced MSP, launched in 2013, has successfully partnered with over 20 software vendors and providers. “We are having around 200 clients across Southeast including Cambodia, Indonesia, Myanmar, Laos, the Philippines, Thailand, and Vietnam,” he added.
Wing Bank currently has its own Wing Biz+ payroll service, empowering employers to process payroll digitally for their employees at no cost. Employees can enjoy the convenience of withdrawing salaries for free from all Wing Bank Offices and a wide network of Wing locations nationwide. Additionally, Wing Bank’s payroll service provides extra financial benefits, including Wing Digital Loan for collateral-free access to instant loans and also Wing Bank Savings and Term Deposit Accounts at competitive interest rates. These features will assist individuals to achieve their financial goals.
Wing Bank, driven to provide convenient access to digital solutions for daily life improvement, has experienced rapid expansion since its official launch in March 2022. As of today, the bank operates with 17 branches in Phnom Penh and other provinces, and plans for further expansion across the country in the up-coming years.
Wing Bank has established one of the largest digital banking ecosystems in the Kingdom, attracting 3,000 SMEs, around 600 businesses, and 10 government institutions that rely on its services for convenient, secure, and instant financial transactions. This has cemented its position as a trusted financial partner in the country.
Through the establishment of this synergistic partnership, Wing Bank and AdvancedMSP are redefining industry standards and setting new precedents in collaborative innovation, thereby revolutionizing and driving business growth across the country.