SMEs: How to Boost Cash Flow, by Improving Accounts Receivables
01 July 2020
Small and Medium Enterprises (SMEs) are a key driver of Singapore’s economy. What you may not know is that with SMEs representing close to 99% of all enterprises, they contributed to 72% of Singapore’s employment rate and added a nominal value of $208.4 billion to the economy. In this article, BDO Consultants highlight some of the biggest challenges that most SMEs face and what they could do to survive in this volatile economy, amidst fierce competition.
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