Semiconductor Procurement Simplified

RDS Contract - Automated
FTP Payment Gateway - Integrated
End-to-End Digital Integration - Connectivity
Closed-Loop Transaction - 360-Degree View
Blockchain Technology - Immutability
Basic KYC - Free to SMEs

Together We Create Value

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.

What is FTP?

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.

RDS CONTRACT

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.

PAYMENT GATEWAY

FTP Payment Gateway aims to connect to all payment gateways by offering choices to our buyer/seller 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.

END-TO-END DIGITAL INTEGRATION

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. For those SMEs that do not have ERP, a basic, stripped down ERP is embedded in the FTP application.

CLOSED-LOOP TRANSACTION

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 giving a 360-degree view of the entire transactional flow.

BLOCKCHAIN

Based on Hyperledger Fabric Technology that supports permissioned blockchain network, smart contract, data privacy and unique transactional model.

KYC

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.

Cost Savings & Productivity Improvements

Based on Semicon industry insights, time spent by buyers/sellers on PR > RFQ > PO > DO > Invoice > Payment and other processes such as 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 Semicon industry which has razor thin margins.

  • Companies with ERP systems – approx. 70 minutes per transaction (86% of time savings by using FTP)
  • Companies without ERP – approx. 440 minutes per transaction (98% of time savings by using FTP)

The industry is very 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.

  • Volume of transactions between buyers & sellers runs above 150K a day in ASEAN for both passive & active electronic components.

Opportunities

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.

Global Brands SMEs Trust

FTP Value-Added Services

FTP integrates with multiple Service Providers which enhances end-to-end transactions. Service Providers include Insurance, Logistics, Legal, Financing, Accounting.

Last Mile Fulfilment

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.

berkely
Marine

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.

berkely
SME Financing

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.

berkely
Discounting Solution

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.

berkely

The FTP Core Team

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Leslie Wong
CEO / CTO (interim)
30+ years in Sales and Marketing at Hewlett Packard Asia Pacific, IQmind, Sembawang Media, Westin Hotels & Resorts, DFS Group
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Wong Ching Wen
Blockchain BD Advisor
20+ years in financial services, P2P financial protection on blockchain, Contact Sense Asia, ESG Reinsurance, CIGNA International, American Express.
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Garphy Chang
Chief Product Marketing Officer
23+ years in IT, Printing and Manufacturing Industries at Hewlett Packard APAC & Taiwan, Agfa-Gevaert Taiwan and KEE Decorative Tech. China
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Khwab Sheth
Chief Blockchain Officer
14+ years experience in software development. Khwab has worked on 100 plus projects in various domains and technologies. His expertise is into Blockchain, AI, Analytics, Web and Mobile applications.
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Rajkumar Tiwari
Senior Blockchain Architect
5+ years of experience in Blockchain Development. Proficient in algorithms, data structures, cryptography, data security & dlt. Experience developing end-to-end blockchain ecosystem solutions & infrastructure.
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Pranshu Rastogi
Blockchain/AI Expert
He has worked with exchanges where he contributed to the field of analytics and AI. He is a certified Blockchain developer & worked on Blockchain platforms i.e Hyperledger,Ethereum and Loom.
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Shrishailya Deshmukh
UX/UI Expert
Crafting effective solutions for the SME's through simple and interactive design. Responsible for 100 plus Web and Mobile UI/UX interfaces on various domains.
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Priti Gamot
Full-Stack Developer
Priti is AWS certified full stack developer. She has experience working on multiple web portals and progressive web apps.
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Kris Leong
Administration Manager
25+ years in IT Industry at Hewlett Packard APAC - Commercial System Unit, PC Division, Solution Partner Org.
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Jaya Devi Stanley
Chief Compliance Officer
15+ years in Legal and Compliance at NTUC Income, MSIG Insurance and Chemoil International Pte Ltd.



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The FTP Advisory Team

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Harish Pillay
Technology Advisor
20+ years in Sembawang Media , IQmind.com & Red Hat as Global Head, Community Architecture and Leadership
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Felix Tan
FinTech Advisor
20+ years at UOB Finlab, SilkRoute Holdings, ECNet, WFRIC, Evolusia, OCBC Bank, Bank of Singapore
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Gary Chien
Procurement Consultant
25+ years in Manufacture Industry, Supply Chain Management at Trividia Health Taiwan Inc.
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Julian Wong
Legal Advisor
21+ years of legal experience at Shook Lin & Bok, Johnson, Stokes & Masters, Mandel, Katz & Brosnan LLP, Sabharwal, Globus & Lim LLP
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Goh Weihan
Blockchain Advisor
Asst Professor at SIT, research interest in blockchains and applied cryptography
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Jansen Lim
Technology Advisor
More than 15 years in the technology industry at IBM, Price water house Coopers, Nortel & IQmind.com
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Ryan Chew
Blockchain Advisor
Partner of TRIVE Ventures & Tribe Accelerator for blockchain investments & activities
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Tri Huu Le
Technology Advisor
19+ years in Advisories, principal data scientist on MS Azure resource planning project, PSC Data Consulting, Origin Energy & AU Energy Market Operator (AEMO)

Contact Us

Please feel free to contact us if you have any query

Office Address

6A Shenton Way,OUE Downtown Gallery, #04-08, Singapore 068815

Contact Info

Phone: +65 6429 1044

Email: [email protected]

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