Trade Financing: Gearing up SMEs for business growth in 2021

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Trade finance has been increasing in popularity as a tool to smoothen out financial demands and drive business growth for Small Medium Enterprises in Singapore. This article will give a brief background of what Trade Finance means, its benefits, as well as the four key types of trade finances in …

Understanding Supply Chain Financing for SMEs in Singapore

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Understanding Supply Chain Financing for SMEs in Singapore Supply chain ecosystems are like arteries of today’s globalised economy, allowing international trade flows. As world trade gets more and more complicated, competitive, and deglobalised, supply chain financing has evolved along to address the demands of buyers and suppliers. This article explains …

Weathering the COVID-19 Storm with Fintech!

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As the tail end of 2020 approaches, it becomes clear that the COVID-19 pandemic and ensuing economic crisis are far from over. On 28 October 2020, The Monetary Authority of Singapore (The “MAS”) published the latest Macroeconomic Review where they maintained the prediction that the Singapore economy will face a …

How SMEs Can Survive and Thrive in the New Normal

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  One in two small businesses across ASEAN faces cash flow challenges as a result of the pandemic, and Singapore is no exception. While an optimistic V or U shaped economic recovery is possible, the recovery may be L-shaped if the world is unable to control the virus outbreak. This …

How To Manage Vendor Relationships

How To Manage Vendor Relationships

Due to the strain in manpower, SMEs typically work with third-party suppliers to fulfill specialised and non-core functions. The question for outsourcing lies with how and when. Managing vendor relationships is key to ensuring an efficient, problem free and sustainable operation. Spend time to communicate regularly Regular communication is crucial …

4 Things To Know Before Getting A Property-Backed Loan

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What are property-backed loans? Do you know that you can potentially free up working capital for your business if you own a local residential, commercial or industrial property? Property-backed loans are secured loans taken by pledging a local property as a form of collateral against the loan. The pledged local …

Financing Products Are Aplenty, But Why Aren’t Enough SMEs Getting Them? 

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In Singapore, SMEs (small and medium-sized enterprises) represent close to 99% of all enterprises. However, numbers can become glaring quickly when we look at mortality of these SMEs. Amidst the coronavirus pandemic in 2020, SMEs are expected to see slower growth and experience a sink in business sentiments. In trying …

How SMEs Can Turn Invoices Into Cash

How SMEs Can Turn Invoices Into Cash

Do you know any business that is facing cash flow issues? Here is how to identify businesses that can potentially benefit from our Invoice Financing solutions. What are invoices & what sort of businesses issue invoices? Invoices are usually issued by a company as official notice for its customer to …

How To Create A Healthy Work Culture Through HR

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Research has also showed that positive work cultures can better translate into productivity. As evident, the benefits of having a healthy work culture is extensive. Designing a collaborative physical environment, hiring right, fostering communications, preventing burn out, discouraging micromanagement, and encouraging managers to connect with their staff are some ways …

Top 10 Books On Managing Workplace Culture

Top 10 books on managing workplace culture

Many have the misconception that workplace cultures cannot be changed. While it cannot be magically revamped overnight, there are steps that one can take to manage and shape culture. Here are some books that you can check out to take charge of that change. Change the Culture, Change the Game: …