Photo caption: MoU signing between Vimigo and pitchIN
Kuala Lumpur, 20th October 2021- With the SMEs making up 97.2% of total business establishments in Malaysia, it is safe to say that competitiveness within this ecosystem is at an all-time high. To give these promising enterprises an extra edge, performance reward system, Vimigo, introduces a performance reward system that emphasizes attracting the right employees and retaining these individuals through world-class incentives. In conjunction with its recently established partnership with pitchIN, Vimigo will be launching an Equity Crowdfunding (ECF) campaign, thus expanding its reach to further assist Malaysia’s SMEs in achieving sustainable growth.
Over the last two years, SMEs have been facing multiple challenges in securing adequate financial support while ensuring continuous positive cashflow for survival. Through its collaboration with pitchIN, Vimigo will be looking to connect with a wider network of businesses nationwide, further ensuring that more businesses have access to its trusted solutions while opening up avenues for sustainable funding opportunities with ECF.
“We understand that in today’s economy, financial support, whether in the form of loans or securing investors, is not easy to obtain. With interest rates skyrocketing and the start-up investment circuit becoming more and more competitive, we want to offer sustainable alternatives to our partners while providing them with our in-house solutions. Vimigo’s collaboration with pitchIN is geared towards exposing our SME partners to the opportunities that ECF can bring and our upcoming ECF campaign via the platform is a testament to that credibility,” Shane Mun, Founder of Vimigo.
With its ECF campaign underway, Vimigo aims to offer potential investors an opportunity to be a part of its growth journey in becoming a performance reward platform that will revolutionize workplace culture while improving productivity and enhancing flexibility and freedom for employees.
The Performance Reward System that Employers Need for Increased Productivity
Employee management is a multi-level, complex procedure that occurs every single day at any company. Many large firms have the privilege and capacity to employ Human Resources (HR) divisions or create a management tier to run these affairs. SMEs, however, do not have these options.
To that end, Vimigo’s performance reward system aims to revolutionize employee management for SMEs, providing them with a higher capacity to attract quality talent and retain employees with minimal effort. The platform enables employers to set specific, achievable goals for each employee, incentivizing them with multi-tiered rewards after every achievement. Long term goals and career progression maps can also be designed to provide employees further clarity on their potential within a company.
Featuring a user-friendly dashboard that is accessible by each team member, Vimigo guarantees transparency while encouraging healthy competition within the workplace. Allowing employees to view the progress of their colleagues and overall team performance also creates motivation for individual goals to be met effectively while contributing to team performance positively. Furthermore, the platform allows employers to set company-specific challenges with the promise of special rewards, encouraging go-getter mindsets among employees. In turn, these offerings cascade into high levels of employee teamwork, productivity, and satisfaction, while ensuring a seamless transfer of knowledge not only from employer to employees but also, among peers.
Beyond that, employers can utilize Vimigo’s robust dashboard to maintain accurate overviews of team performance, resulting in faster, more data-driven business decisions and improved leadership. In-app awards can also be given to high-performing employees, acknowledging their success while further motivating their peers. Available as both a mobile and web application, Vimigo also streamlines leave applications, payroll, and company-wide notifications, simplifying every aspect of employee management all in one platform.
To date, Vimigo has worked with brands like The Alley, Big Bath, Asia Mobile, V Print, and Nobox Films, among others. Moving forward, Vimigo aims to expand its regional footprint while revolutionizing workplace culture among the SMEs to achieve sustainable growth.
To find out more about Vimigo and its ongoing ECF campaign, please visit https://www.funding.vimigoapp.com/.
