YouBiz & CloudMile unveil AI & cross-border payment solutions

By Gloria Mathias

YouBiz, a multi-currency corporate card and spend management platform for businesses by YouTrip, and CloudMile, a cloud and AI service provider, hosted a panel discussing the potential and challenges of adopting automation and artificial intelligence (AI) to help Singapore businesses achieve sustainable growth.

At the event, CloudMile and YouBiz announced a new partnership aimed at providing businesses access to the tools they need for success. This collaboration between the two digital-first companies encourages Singapore businesses to leverage AI and FinTech solutions to enhance productivity and competitiveness in today’s digital age.

According to Singapore’s Digital Enterprise Blueprint (DEB) by the Infocomm Media Development Authority (IMDA), 9 in 10 enterprises have adopted at least one digital technology, boosting productivity and fostering innovation. They discussed the realities of adopting AI in today’s push towards accelerating digital transformation.

Kelvin Lam, Chief Operating Officer of YouTrip and YouBiz, shared, “In the rush to adopt AI and automation, it’s easy to lose sight of the bigger picture. Businesses must prioritise strategic clarity. A clear vision and robust measurement framework are key to deciding which technologies to adopt and when to pivot. Technology is just a tool, and it’s your strategic vision and effective implementation that will drive sustainable business growth.”

Jeremy Heng, Southeast Asia MD of CloudMile, concurred, “AI is here to stay. Embrace the technology, but it’s not the solution to everything. Find a balance to its application beyond using them as chatbots and always be convinced of the ‘Why’ we are adopting it.”

Companies can use CloudMile’s cloud and AI services to optimise operations and improve efficiency and YouBiz’s expertise in cross-border remittance and integrated expense management to achieve their business goals while effectively balancing costs and resources.

As part of the partnership, CloudMile and YouBiz offer Singapore businesses S$100 cashback on cloud subscriptions. This incentive will help startups and MSMEs offset the initial costs of adopting cloud-based technologies and explore the benefits of cloud computing.

Through the partnership, CloudMile and YouBiz continue to support local enterprises in riding the upcoming digital wave by making technology adoption more affordable and accessible.