SME
For SMEs That Have Gone Digital, The New Challenge Is To Be Deeply Digital
Amid the economic disruption wrought by the Covid-19 pandemic last year, at least one disruptive force among Singapore’s small and medium-sized enterprises (SMEs) was for good. Outsized digitalisation across the board has meant, for many smaller businesses here, three to five years’ worth of digital progress in a single year. The opportunities before these newly …
Creating A Factory “Smart” Enough to Operate in the Dark
Meet Singapore’s Tech Transformers, small and medium enterprises (SMEs) that have adopted innovation, embraced new technologies and digitalisation to meet the challenges of a disrupted business environment. Behind their transformation is a partnership with A*STAR, involving training and the adoption of technologies to achieve their digital goals. Here, learn more about the evolution of Fong’s …
Over 80% Of Singapore SMEs Embrace Digital Transformation; More Than Half Report Slowdowns Due To COVID-19: ASME-Microsoft Study 2020
While 83 percent of small and medium enterprises (SMEs) in Singapore now have digital transformation strategies in place, more than half (54 percent) reported delays in their digitalisation plans due to COVID-19. Also, despite higher adoption of digital transformation, only two in five SMEs perceive their efforts to be successful. The economic uncertainties brought about …
FairPrice Commits S$2 Million To Enhance Support For Local SMEs Through Business Development Amidst COVID-19
NTUC FairPrice (FairPrice) reaffirms its support to local small and medium enterprise (SME) partners by extending the SME Suppliers Support and Development Programme (SSDP) for another year, and doubling its commitment to S$2 million. This was announced at the launch of FairPrice’s ninth ‘Made in Singapore’ Fair, an annual initiative that seeks to raise awareness …
How 5G Will Empower Startups And SMEs In The New Normal
As the world grapples with the virus, one industry is quietly playing a key role in helping communities respond to the pandemic: telecommunications.Because of our core business, robust customer base, ICT skills, and technological capabilities, telcos are uniquely positioned—and I daresay have a duty to deliver infrastructure and connectivity to customers. Already, the industry is …
Report Maps Out How Companies Can Redesign Their Finance Function Amid Digital Transformation
Technology is an enabler that will increase the effectiveness and value-add of finance functions. Within the next three to five years, more than half of the job roles in the finance function of companies in Singapore will be moderately changed by the adoption of technologies like robotic process automation, artificial intelligence (AI), advanced analytics/big data …
Singapore Small Businesses Most Satisfied With Government-led COVID-19 Relief Measures Among Their ASEAN Peers
Small businesses in Singapore are the most satisfied within ASEAN with the relief measures provided by their government to cushion the impact of COVID-19 according to a recent survey conducted by United Overseas Bank (UOB), Accenture and Dun & Bradstreet1. Close to three in four (72 per cent) Singapore-based firms surveyed expressed this sentiment, higher …
New Seamless Filing Initiative Enables SMEs To Go Digital
The Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) have partnered accounting software providers to co-create a new digital solution that allows SMEs to automate the preparation and filing of statutory returns with IRAS and ACRA seamlessly. This seamless filing solution is in line with the Smart Nation initiative to …
Infor And DBS Bank Partner To Integrate Digital Trade Financing Into Global Supply Chains
Infor, a global leader in business cloud software specialised by industry, today announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses. The two companies’ first joint program recently went live with one of the world’s …
More Than 500 SMEs Access New Overseas Markets With Grow Digital
More than 500 small and medium-sized enterprises (“SMEs”) in Singapore have gained access to new overseas markets digitally, through digital platforms under the Grow Digital initiative. Sales by Singapore companies to overseas buyers using the platforms have been brisk, growing by at least 10 per cent month-on-month this year. Under the Grow Digital initiative, a …