Orient Magazine Issue 81 - April 2021 - Page 56

The lack of appropriate resources and adequate technical expertise , an increasing trend of partnership and collaboration is observed amongst the Small and Medium-Sized Entities ( SMEs ), which resort to relying on each other ’ s strengths for the exchange of ideas and sharing of pain-points .
SMEs , regardless of their size and business nature , need to hop onto the
technological bandwagon and leverage on the collaboration platform to share their problem statements and seek solutions , tapping on the available grants to go digital and source for partners to grow globally .
One way of doing this , and to keep up with the big players in the market , smaller entities may consider collaborating with educational institutions , associations or fintech start-ups to experiment and explore alternatives to automate .
ABOUT THE AUTHOR Tze Shiong has a total of more than 30 years of audit experience most of which were with large international audit firms in Singapore and overseas . Prior to joining Nexia TS , he was a Divisional Director of ACRA and a Director in one of the Big 4 accounting firm respectively . He was involved in the audit of listed and multi-national groups , initial public offerings , small and medium entities and other audit advisory engagements .
ABOUT THE COMPANY Nexia TS Public Accounting Corporation was founded in 1993 by two experienced certified public accountants – Henry Tan and Sitoh Yih Pin . With its personalised approach and quality hallmark , the firm is dedicated to support aspiring businesses in their growth towards success . Besides audit and assurance , Nexia TS offers a full suite of professional services ranging from capital market services , tax structuring advisory , corporate governance , internal audit , M & A advisory to corporate recovery and forensic technology consulting .
Visit www . nexiats . com . sg for more information .