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Nufin Data @ ISCA Breakfast Talk Series – 13 June

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50% of sectors studied in the Singapore Working Capital Survey 2017 (by PwC) saw their working capital performance deteriorate year-on-year. As SMEs increasing struggle with long payment terms, how can you tap on payables financing to free up cash to drive growth? On the other hand, if your business is cash rich, should you consider alternative cash management options such as supplier finance to potentially provide you with a better yield than fixed deposits?

Marvin Tan, our Executive Director was invited by the Institute of Singapore Chartered Accountants (ISCA) last week to speak to 100 ISCA members at their Breakfast Talk Series.

Titled “Unlocking Cash Flow in your Working Capital”, Marvin shared on how the utilisation of extension of Days Payable Outstanding (DPO), AP automating, supply chain financing/reverse factoring and the leveraging on technology can help companies to free up more working capital.

Many thanks to ISCA for the invitation to the event. We hope to be invited to more of such events in the future!

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Kenneth Tan

Kenneth Tan

Kenneth is a Marketer at Nufin Data, who works with Enterprises of all sizes to help them discover more working capital and competitive financing options. Learn how an effective Supply Chain Finance (SCF) program can benefit your organisation today by getting in touch with him at kenneth.tan@nufindata.com

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