KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has partnered with Plenitude Solutions and Visa to develop the country’s first end-to-end procurement solution to help local businesses manage cost efficiently and raise productivity.
“The UOB Visa Payables Automation (VPA) suite enables companies to procure goods with Plenitude Solution’s e-procurement solution and to pay their vendors through UOB’s virtual Visa commercial credit card account, even if these vendors do not accept card payments,” UOB Malaysia said in a statement Friday.
It added that the UOB VPA suite automates the purchasing process, from requesting quotations and issuing purchase orders to invoicing and payments, offering the convenience of a fully-integrated supply chain solution.
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