Company Background
Local brand manufactures eco-friendly household cleaning agents with e-Commerce in Qoo10, Lazada & Shopee.
Result(s)
Successful penetration & partnerships in Dubai. Revenue expected to grow 250% by end of 2025 with increased profitability by at least 20%.
Problem Statement
A manufacturing & distribution company in Singapore struggles to grow its business with limited working capital and distribution channels. Cut-throat price competitions outshine the USPs of its brand and products.
What Finnex Did
Redefine Brand & Product USPs, review Pricing Strategy, suggest redesign on Packaging.
Strategise to penetrate Dubai Market with Business Matching supported under MRA Grant. Met with 8 potentials partners and secure opportunities for 2 RFQs total value of USD$160K.
At the same time, planned and executed successful local market penetration to Hao Mart & Sheng Siong and upcoming 2nd overseas market penetration into Taiwan market.
Company Background
Vintage Systems Integrator with retail presences in Singapore
Result(s)
Improved Cash Conversion Cycle from 60 days to 45 days, Reduces Expenses by 5%, and geared business for financial growth mark 5% y-o-y.
Problem Statement
A fast-growing company wishes to improve their cash flows and profitability combating rising retail and manpower costs.
What Finnex Did
Performed Financial Health Assessment and detected weak links in finance policies, capital leakages and expenses overrun.
Reviewed and strengthened the finance policies to include stringent supplier and customer selection process and tighten credit terms policies. Create Budget Allocation Model to gear business into financial growth mode, performed margin controls and optimised margins in both goods/services and expenses.
Induced fresh funds to fuel initiatives and sustain long-term business within Finnex Financiers Network.
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