HelloSME’s mission is to help SMEs Go Digital, Go Regional by aggregating their digital needs. We aim to deliver Fast Trade and Procurement (FTP) Eco-system built on Blockchain technology in order to enhance procurement efficiency, scalability, security and trackability for businesses. Through the members-only platform, our strategic partners and customers can perform in-country and cross-border transactions with ease and confidence.
FTP is SaaS (Software-as-a-Service) on Blockchain built to enhance closed-loop procurement transactions between buyers and sellers in a seamless way, providing the benefits of RDS contract, payment gateway, end-to-end digital integration and KYC to all aspects of businesses.
Based on industry insights, time spent by buyers/sellers on PR > RFQ > PO > DO > Invoice > Payment and other processes like misplacement of documents is significant. The potential savings (processing time) of FTP per year is estimated at about US$500M which can significantly help the industry which has razor thin margins.
The industry is paper-intensive, especially for SMEs which either lack an ERP system or IT skills to integrate their systems thereby relying largely on paper documents. Finding lost documents like delivery notes with numerous partial deliveries impacts productivity and cash flow management.
The Semiconductor Industry forms a sizable bulk of worldwide B2B sales in excess of US$665 billion. In ASEAN alone, this industry is roughly US$167 billion with Singapore being the trade hub of action worth US$ 71 billion - the regional headquarters for major semiconductor entities and distributors.
FTP enhances end-to-end transactions by integrating with multiple service providers from Insurance, Logistics, Legal, Financing and Accounting.
GOGOVAN is your solution to real-time logistics needs. GOGOVAN’s on-demand, same-day logistics platform connects businesses with over 20,000 registered driver partners: motorbikes, sedan, vans, and 10ft– 24ft trucks. GOGOVAN is present in over 300 cities in China, Hong Kong, India, Singapore, South Korea, Taiwan, and Vietnam.
OFX is a global money transfer specialist bringing together a secure, streamlined digital experience and great exchange rates, with dedicated human support from on-the-ground teams 24/7.
OFX is an ASX listed company operating internationally with 7 global offices (AU, US, UK, CA, NZ, SG, HK), helping over 1 million customers worldwide and has transferred over AU$150bn.
James shines a light on bank fees and rates
Berkley Insurance Asia is an operating unit of the W. R. Berkley Corporation. As a group, we have been serving customers in Asia for over a decade. As part of our commitment to the region, our operations now include offices in Singapore and Hong Kong, both of which offer insurance and facultative reinsurance across the Asia region.
Develop, grow, sustain and strengthen your business cashflow minimizing challenges of acquiring loans from banks. HelloSME and Funding Societies bring next generation SME financing to small and medium-sized businesses in Singapore, which has never been made so easy and fast.
FTP Discounting is a digital trade service powered by JED connecting Buyers, Sellers and Lenders, making trade and working capital flow more efficiently for businesses. This service creates an inclusive trade and finance eco-system that benefits ALL SMEs – big and small.