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 procurement transactions between buyers and sellers in an efficient manner, rendering scalability, security and trackability to businesses. The objective is to help SMEs get onto the digital bandwagon in a seamless way and also transact with confidence with overseas buyers and sellers.
FTP integrates with multiple Service Providers which enhances end-to-end transactions. Service Providers include Insurance, Logistics, Legal, Financing, Accounting.
RDS is a Real Digital Smart Contract which has sophisticated algorithms to track any changes and/or modifying of the contract. Storing any transactional changes on Blockchain makes it secure, reliable and trackable than conventional contracts.
FTP Payment Gateway aims to connect to all payment gateways by offering choices to our buyers/sellers in settling payment through PayPal, Stripe, bank transfer. An added feature is digital Escrow that is robust enough to scale from 1,000 to 2M transactions a day.
Based on Semiconductor industry insights, time spent by buyers & sellers on quotation, purchase order, invoice, delivery note and others such as packing list, human error, misplacement of documents is significant. For companies with ERP, the above processes will take about 70 minutes and without ERP about 440 minutes.
FTP Eco-system’s vision is to provide connectivity of the different Buyer/Seller ERP systems to ensure seamless transactional flow to cut down manual inputs and paper-based transactions.
Based on Hyperledger Fabric Technology that supports permissioned blockchain network, smart contract, data privacy and unique transactional model.
From PR -> RFQ -> PO -> SO -> DO -> Invoice -> Payment, FTP automates and captures the entire process in its entirety. Once payment is acknowledged, the RDS contract between the buyer and seller is then considered closed given a 360-degree view of the entire transactional flow.
FTP provides basic KYC with KYC partners and 2-factor authentication to verify members’ identity to ensure transactions are legit and above board especially cross-border transactions – one of the key ask of SMEs.
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.
HelloSME invites Strategic Service Providers to provide support services in the smart contracts for SMEs.
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.
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 and as part of our commitment to the region, our operations now include Berkley Insurance Asia with offices in Singapore and Hong Kong. Both these operations offer insurance and facultative reinsurance across the Asia region.
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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.