Our expert insights

A voluntary welfare organisation (VWO) that provides residential care, eldercare and medical services faced a huge challenge in meeting financial reporting requirements.

Global e-commerce has been growing, on average, 20% each year and revenue in the Singapore "digitised goods" (e.g. digital video, digital music, digital games) market amounted to SGD406.3 million in 2015.

Healthcare Giant Consolidates Financial Data with Ease A leading healthcare service provider faced a huge challenge of consolidating voluminous financial data from all its clinics across Singapore every month. Working under pressure to meet financial reporting deadlines, its finance team spent many man-hours manually extracting data from every clinic’s database, tabulating it in Excel format and translating it into consolidated reports. As its existing service provider, RSM’s IT services team was approached by the client to find a solution that would overcome this time-consuming process.

An independent school in Singapore faced significant challenges in new student enrolment every year. The school administrator had to manually key in all newly enrolled students’ records from the Singapore Ministry of Education (MOE) School Cockpit System into the students’ database. In addition, the school administrator had to manually update the records of students who were promoted to new classes every year. As the majority of students make payments via GIRO for their monthly school fees and miscellaneous fees, these transactions were also manually updated on the school’s merchant bank portal. Much time and effort were spent to ensure that the students’ records were updated in a timely manner before the start of every new academic period and to meet GIRO submission deadlines. Seeking a solution, the school approached RSM’s IT Services team for assistance.

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The remarkably robust mergers and acquisitions (M&A) cycle over the past decade owed a significant portion of its resilience to consolidation and disruption within technology, specifically software.

Building on the themes laid out in the previous years’ Budgets, Finance Minister, Mr Heng Swee Keat, delivered the Singapore Government’s Budget for 2019 on 18 February 2019. Technology continues to be a key theme in strengthening Singapore’s economic competitiveness, increasing Singapore businesses’ productivity and enhancing Singaporeans’ lives.