Purchase-to-Pay Process Automation In today’s environment, traditional companies are getting disrupted as the business environment gets more competitive. The pressure to drive productivity and cost savings has increased. It is thus critical for management teams to remain agile and focus on streamlining business processes as much
Why hire a contract CFO? It is common for entrepreneurs or start-ups to find themselves unable to make progress in their business plans due to their financial situation. The internal accounting processes not being optimal, or the financial data collected and analysed being irrelevant may be some issues you
When to hire a start-up CFO? Companies often ask “Do I need a CFO?” and if so, when do I need one. In many cases, they are too streamlined to hire an employee for the sole CFO role as such a start-up CFO is an alternative! A start-up CFO benefits
SME Go Digital Industry Briefing (21 July 2017) – Five Things Excide learned from the Briefing SME Go Digital Program has been the focus of discussion for many technology vendors and solution providers. It is an effort by Singapore to spearhead the digital transformation efforts for Small and Medium Enterprises (“SME”). Launched in April 2017, IMDA aims to enhance the
Deriving Business Strategy using Financial Model There is a fine saying by Sun Tzu: “know yourself, and you will win all battles.” In the business context, I cannot think of a more tried and tested tool than the financial model which spurs entrepreneurs to stay constantly updated with a 360
Introduction to Accounting What is accounting? Accounting is pertinent to all business owners. It is the process of recording, summarizing, analyzing, interpreting and reporting the financial information of an organization. This financial information gathered is key to assist managers and executives to make business decisions. Importance of
Types of work pass and permits for foreign professionals Singapore is very dependent on foreign talents to help boost its economy. In June 2016, the total foreign workforce surmounted to 1,404,700 people. This is approximately a fifth of Singapore’s population. There are many debates on whether foreign talent is essential
M&A Selection Criteria & Evaluation Process: Transaction Analysis The final stage of the M&A evaluation is determining how much to pay for the Target. The greatest risk of any deal is paying too much. As such it is imperative to determine what is the fair value of the Target and
M&A Selection Criteria & Evaluation Process: Company Analysis After identifying a suitable market to enter, the next stage of evaluating a potential acquisition target is to conduct a detailed analysis into the target company to determine if it is investment worthy. Generally, we should consider a few criteria: (1) the commercial value
M&A Selection Criteria & Evaluation Process: Macro Economic Factors After deciding that M&A is the way forward in terms of achieving the company’s long-term strategic goal, the next step is to decide which market or country to look for potential targets to invest in. As part of a three-stage process,
The M&A Process – How to Prepare a Company for Sale Many entrepreneurs’ goal is to start a company, grow the business, operate it effectively then eventually sell out their stake for a handsome profit. According to Robert Uhlaner, lead of McKinsey’s global Corporate Finance Practice, many business leaders are not prepared for the
Important Considerations Before Starting Your Own Food Business Singaporeans are foodies. We all love to eat good food and it is our life’s mission to find the best food available all over the country. Whether it is high class French cuisine or our local hawker centre, we are always searching for
Why Do Firms Undertake Mergers & Acquisitions? With many large corporations taking on M&A as a potential growth strategy, business leaders are tempted to adopt the acquisition path to build a business empire. However, according to Mark Sirower, renowned M&A consultant in BCG, most acquisitions end up
All About Gantt Charts In this post, we will discuss everything you need to know about Gantt charts. We will be introducing what Gantt charts are, how they have come about, who should use it, and the pros and cons of using them. On top of that, we
Founding Story: JIT Holdings Humble beginningsJIT Holdings Ltd (JIT) was founded in 1987 by Tommie Goh and William Goh. It started out as a trading firm dealing with Printed Circuit Boards (PCI) components. Business was difficult as it required them to conduct face to face selling of their