Why SMEs Should Automate Finance Operations

why smes should automate finance options

Having robust financial operations is crucial to an SME’s sustainability. Particularly if it is short on working capital, smooth financial operations can make or break a company and determine if other business financing means such as business loans or microloans are necessary. Why automate Managing the full financial operations process …

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

financing options for SMEs

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 – only 1 in 10 SMEs tend to survive in the face of volatile economy and tough competition. In trying to stay …

Top Trends In Real Estate You Need To Know

top trends in real estate you need to know

According to Price Waterhouse and Coopers (PwC) and Urban Land Institute, Singapore is ranked second as a real estate investment market in Asia Pacific. This is mainly because of the demand rebound well as a boom in co-working and other flexible office space operators. Globally, the country is the second …

How Your F&B Business Can Benefit From ITMs

fnbitms

At the launch of the Food Service ITM in 2016, it was expressed by DPM Tharman Shanmugaratnam that the Food Services industry is in “need for a major makeover” to keep up with progress in other aspects of society. This is especially important as this is a domestic-market oriented sector …

How And When Should SMEs Outsource

Outsource

Regardless of whether the company is an SME or MNC, or whether it has a tall or flat organizational structure, outsourcing is something that is almost unavoidable. If you can do things more efficiently at a fraction of the cost, and you feel that your business is ready to take …

3 New Trends Every Manufacturing Company Needs To Know Today

3 New Trends Every Manufacturing Company Needs To Know Today

Advanced manufacturing is trending, and not without reason. It can up labour productivity by 30%, create 22,000 new jobs with salaries up to 50% higher than current ones, and add S$36 billion in manufacturing output and revenue for firms by 2024. It is hence unsurprising that advanced manufacturing have been …

How To Engage Followers On Social Media

How To Engage Followers On Social Media

Capturing consumers’ attention within the first few seconds is important in today’s sea of noise. In light of 30 June being Social Media Day, here are some concrete guidelines on how to make social media content more interesting to increase engagement in a cost-effective manner. Why bother about social media …

All You Need To Know From The Construction Transformation Map

Construction

In 2018, it was reflected in a Channel News Asia article that “50% of firms (are) still not clear about Industry Transformation Maps (ITMs)” despite the fact that ITMs were launched over three years ago in September 2016. It also mentioned that unaware SMEs that have been slower to adopt …

What Should You Do If You Can’t Pay Your Credit Card Bill?

creditcard

While it’s not ideal to leave unpaid balances on your credit card, here are some simple steps to help you minimise debt caused by accrued credit card interest. Whether it’s because of a period of financial difficulty or due to a huge emergency expense, missing a credit card payment can happen …

Growth In The Modern Services Industry

growthinthemodernserviceindustry

Consisting of organisations providing professional, financial and technology services such as cybersecurity and banking services, the modern services cluster is expected to play a bigger role this year. Contributing to 30% of the economy, this cluster will benefit greatly from digitalisation and innovation. According to the Industry Transformation Map, by …