YYC and MYWave Join Forces to Empower Businesses through HR and Payroll System

01-07- 2024

YYC, a leading financial services provider, has announced its acquisition of a significant stake in MYWave, a pioneering HR and payroll system company in Malaysia. This strategic investment strengthens YYC’s service portfolio, particularly in payroll outsourcing, and accelerates digital transformation in tax and payroll services.

The partnership highlights YYC’s commitment to integrating digital solutions into HR and payroll management. Datin Yap Shin Siang, Group CEO of YYC, emphasized the pivotal role of digitalisation in enhancing business efficiency and streamlining operations.

“With this investment in MYWave, we are not just forming a new partnership—we are reinforcing our dedication to a future where HR and payroll services are seamlessly integrated with technology. Our aim is to empower businesses by providing advanced digital solutions that drive operational excellence and create value for all stakeholders,” she stated.

Datin Yap further noted that this acquisition represents a significant step toward that vision, showcasing both companies’ shared commitment to innovation and excellence in business advisory services.

A Synergistic Partnership for Business Growth

The collaboration between YYC and MYWave is expected to yield substantial benefits, leveraging their combined expertise to deliver comprehensive solutions to clients. MYWave’s CEO, Khoo Siew Ling, highlighted the alignment between MYWave’s service offerings—including payroll outsourcing and Cloud HRMS—and YYC’s mission to simplify business operations for clients.

“Payroll outsourcing helps businesses optimize costs by eliminating the need for an in-house payroll department, thereby reducing financial strain. Partnering with YYC to enhance HR technology and tax accounting capabilities is a natural synergy that will drive greater efficiency,” said Khoo.

She further emphasized that the partnership aims to empower Malaysian businesses by adopting digital solutions that foster transparency, efficiency, and sustainable growth, benefiting customers, employees, and shareholders alike.

Setting New Standards in HR and Payroll System

As YYC and MYWave embark on this transformative journey, their collaboration is poised to redefine industry benchmarks in HR and payroll management. By combining YYC’s financial expertise with MYWave’s technological innovation, businesses will gain access to robust, scalable, and reliable solutions, ensuring long-term success in an increasingly digital landscape.