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REBUILD AND GROW
PROGRAMME |
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Vector Scorecard Asia-Pacific (“VSAPAC”), an
international financial management centre
headquartered in Singapore, has announced a series
of major initiatives to boost the financial and
business capacities of local and regional SMEs.
These initiatives involve a 3-phase financial
management pilot programme that is specially
designed to benefit at least 1,000 SMEs to address
and alleviate the issues of the spill-over effects
of the global financial crisis and the technical
recession in Singapore. |
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Such SMEs are
described as those that, particularly:
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Are facing
financial distress or balance sheet
deterioration;
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Require
financial management assistance to
professionally manage the trade finance,
working
capital and long-term financial strategies;
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Need to acquire
cost of materials or services at a lower cost
via a centralised purchasing network
or “collective buying” approach;
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Require
assistance or facilitation in the areas of
capital raising and management (debt or
equity);
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Are seeking to
merge and consolidate their operations or
business units within their firms as
well as with other firms to become a bigger,
viable group of like-minded business people;
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Seek to acquire
higher market share and/or profitability in
new markets by tapping and
leveraging on its local and international
business network.
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The key thrusts of
the initiatives launched by the Centre entails
the following (but not limited to):
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The provision of
an independent and professional Budget
Financial Management / CFO services;
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The setting up
of a micro/private equity funding exchange for
viable Singapore SMEs;
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An international
financial and business concierge to facilitate
and accelerate outbound market
access for internationalising Singapore SMEs;
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Equipping the
SME community with a just-in-time, online
CFO/Financial Management Software
driven by artificial intelligence (AI)
features that serve as a powerful navigation
and prescriptive
tool for business owners.
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Central to this
initiative, VSAPAC is launching a 3-phased pilot
programme called “Rebuild-and-Grow” starting in
Singapore first, followed by Malaysia, India,
Philippines, Vietnam, China and Thailand in
2009, and other countries thereafter. During the
first phase, the Centre will provide business
owners in Singapore free access to its
artificial intelligence (AI) CFO software for
one year – enabling them to first identify and
diagnose areas that require immediate attention
- in terms of their earnings generation,
solvency and leverage, liquidity and cashflow
areas alongside financial benchmarking that is
mapped against international rating agencies and
bureaus. |
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Business owners
can subsequently seek direct assistance from
in-house financial analysts and advisors at the
Centre to interpret and guide them in the
findings over a 2-hour session. Preliminary
recommendations are also provided so that action
plans can be designed in an expeditious manner
in a 2-hour session. The second phase will
involve shortlisting and selecting viable firms
for a highly subsidised financial management
programme to build up financial and business
competencies for up to 12 months. The third
phase will see graduating businesses with
ultimate capital and business infusion into the
firms. |
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The “Rebuild-and-Grow”
Programme starts with effect from 17 November 2008
and registration for participating companies closes
on 31 December 2008. Each firm (up to 1,000 firms)
will be fully subsidised by the Centre for the
amount of $1,500 per firm during the 1st phase.
Additional subsidies from the Centre shall be given
to qualified, shortlisted firms during the second
and third phase. |
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Please click here to go
to the Rebuild-and-Grow" Registration Page. |
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