Capital Bank announced the signing of a partnership agreement with MenaITech to support small and medium-sized enterprises (SMEs) in Jordan. This first-of-its-kind agreement aims to remove obstacles facing SMEs and provide them with the necessary services by granting them access to specialized human resources and business systems and solutions provided through MenaIP, one of the first cloud computing platforms to be launched locally and regionally.
The agreement was signed by General Manager Mr. Haitham Kamhiyah on behalf of Capital Bank and by CEO Dr. Bashar Hawamdeh on behalf of MenaITech in the presence of members of the executive management from both sides.
Commenting on the agreement, Kamhiyah said, “In continuation of Capital Bank’s recently-announced strategy which focuses on providing specialized and exclusive services to the SME sector, we are proud to sign this agreement with MenaITech today to give SMEs access to human resources and business systems and solutions provided by MenaITech as part of the incentive packages offered by Capital Bank to SMEs.”
Kamhiyah added that ‘this partnership is one of many the Bank is developing with other service providers to offer SME customers in addition to the exclusive financial programs provided by the Bank.”
Kamhiyah stressed that these incentives will be offered to the SME sector as part of the Bank’s new strategy aimed at supporting SMEs, making Capital Bank the number one bank in serving this sector.
For his part, Dr. Hawamdeh said, “MenaITech is among the first companies to harness cloud computing technology to serve the business sector. MenaITech has succeeded in launching its services platform with intellectual property systems and solutions in the beginning of 2014.”
“The success of the MenaIP platform in attracting major companies in various business sectors stands as proof of the importance of business solutions that use cloud computing to help businesses enhance their performance in a cost-effective manner, which is the key feature of this technology,” he added.
Dr. Hawamdeh continued; “What distinguishes this technology is that it can meet the requirements of not only large corporations but also small and medium-sized enterprises. Through this technology, any company can use specialized human resource management and accounting systems and other business solutions that are as efficient as those used by large corporations without having to pay high license fees.”