Visibility Enhancement: Streamlining financial presentations for informed decision-making for the top management and the board.
Operational Efficiency: Addressing finance and commercial issues in operations to boost performance of the business
Financial Outsourcing: Closely work as the outsourced finance and accounting partner in Singapore and other countries to increase cashflows, revenue, and profits through better cost management and performance reporting.
Strategic Advisor to the CEO and the shareholders: Evaluating the business health of all companies within the group with the objective to improve revenue, profits and cash flows.
Milestone Completion: Successfully accomplished all key milestones initially set by
the CEO and the board showcasing a high level of expertise, commitment and efficiency resulting in savings of $100K + in first 3 months.
Enhanced Visibility: Implemented improved reporting methods, providing clear financial insights and enabling better decision-making for the management. This resulted in management receiving relevant details within 10 days after the month end for decision making and growth.
Optimised Cash flow: Worked closely with the management, sales team, operations team to collect long outstanding Accounts Receivable to improve cash flow management. Resulted in resolving long outstanding debts of more
than $ 250K
Grant assistance: Closely partnered with the team to assist on EDG grant for new product development of $ 100K+.
Dividend Declaration: Facilitated the long-pending dividend declaration by offering precise visibility into cash holdings, ensuring timely payouts. This provided better return to shareholders.
Tax Issue Resolution: Addressed and clarified all tax-related challenges, providing clarity in the financial workings of the company. Worked closely with the team to implement Transfer pricing requirements and separately contest a claim of $2M on tax credits from IRAS.
Market Saturation: Facing a saturated market, client was struggling to introduce new products and manage fixed costs efficiently.
Product and Market Challenges: Aging products, market competition, and resistance to price hikes posed significant challenges.
Growwth Partners acted as strategic advisors, dedicating significant man hours to achieve the set milestones.
Major contributions included:
Process Optimisation: Streamlined financial processes, enhancing visibility and operational efficiency.
Strategic Insights: Provided crucial insights for product diversification, distribution optimization, and financial stability.
The sustainable growth achieved was attributed to timely decision-making, enhanced visibility, and strategic financial planning.
Ongoing strategies include:
Continuous Optimisation: Utilising real-time data for informed decision-making, ensuring operational efficiency and financial prudence.
Adaptation and Innovation: Adapting strategies based on market dynamics, fostering a culture of iinnovation for enduring success.
150% Investor Trust Surge: Timely reporting boosts confidence, drives investments.
20 % reduction in losses, ensuring profitability by 2023.
Collaborated with the CEO and inverstors for a profitable financial plan.
25% rapid Valuation Growth in 12 months of hiring us.
$100K+ Savings achieved in 3 months.