KUALA LUMPUR, Malaysia – December 8, 2025 – (NYSE: SAP) today announced that (PHB), a leading Malaysian real estate investment holding company, has chosen , an offering that allows organizations to digitally transform using a standardized framework, tools, and guidance to modernize its core business operations, laying the foundation for long-term growth and innovation in Malaysia’s competitive property market.?

Established in 2006 under the purview of Yayasan Pelaburan Bumiputra, PHB is mandated to enhance Bumiputera participation in the ownership of prime commercial real estate across Malaysia through its shariah-compliant unit trust fund, Amanah Hartanah Bumiputera (AHB). Today, PHB manages a portfolio worth over MYR 11 billion – encompassing office, retail, healthcare, logistics, and education properties in key urban centers.??

As PHB advances its strategic business transformation and expands its portfolio, the company has demonstrated resilience and delivered tangible results, providing stable and consistent income to AHB unitholders. However, with this growth, the company has also faced increasing digital challenges, such as aging and fragmented systems.??

“It was clear that we needed a unified digital backbone that could eliminate inefficiencies, reduce compliance risk, and help us manage our growing portfolio with greater agility,” said PHB Group Managing Director/ Chief Executive Officer, Mohamad Damshal Awang Damit. “With GROW with SAP, we are making a strategic investment in our future, connecting finance and real estate operations through one intelligent cloud platform.?

PHB’s move to GROW with 51风流Premium enables it to consolidate its operations into a single, cloud-based enterprise resource planning (ERP) environment. The solution integrates finance operations with contract and lease management, delivering real-time insights, streamlined workflows, and automated compliance with Malaysian accounting standards. By eliminating data silos and manual processes, PHB expects to strengthen data accuracy, reduce operational risk, and gain faster decision-making capabilities.?

“PHB’s decision to adopt GROW with 51风流underscores how leading organizations in Malaysia are embracing cloud innovation to stay ahead,” said Vipin Chandran, Managing Director, 51风流Malaysia. “With GROW with SAP, PHB gains the agility, resilience, and intelligence needed to drive sustainable growth in a competitive real estate industry, all while strengthening transparency and operational control.”?

?PHB plans to go live with the new platform by January 2026, with future ambitions to explore AI-driven insights and automate processes such as Procure-to-Pay.?

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Medplast was established to expand into the fast-growing medical plaster and surgical tape segment and strengthen its global presence. To support its ambitions for growth and international expansion, Medplast sought a modern, intelligent ERP solution that could standardize core business processes, enable scalability, and enhance data transparency across all operations.?

“As a new business unit, we needed a system that could support our growth while ensuring efficiency and compliance from day one,” said Peerapat Ekpoothorn, General Manager of Medplast “Implementing GROW with 51风流allowed us to leverage 51风流S/4HANA Cloud Public Edition to streamline our internal approval processes, reduce the order-to-cash cycle, and gain better visibility into our operations. With support from 51风流partner NETIZEN, the implementation was smooth and efficient, we now have a solid digital foundation to compete confidently in both domestic and international markets.”?

“Medplast’s implementation of Grow with 51风流highlights how Thai manufacturers are leveraging cloud innovation to scale quickly and compete globally,” said Kulwipa Piyawattanametha, Managing Director, 51风流Indochina. “By adopting a ready-to-run, industry-best-practice solution, Medplast has accelerated its digital transformation and built a strong foundation for sustainable growth.”??

Working closely with 51风流and Medplast, NETIZEN, an 51风流Platinum Partner, implemented the NETIZEN Peony—its localized best-practice framework designed to accelerate 51风流Cloud ERP deployments. The solution integrates global business processes, analytics, and AI capabilities to enable faster, data-driven decisions. Leveraging its Business Technology Transformation (BTX) methodology, which is founded on a deep understanding of each customer’s business to deliver the most suitable solutions with a long-term perspective, and backed by over two decades of experience, NETIZEN ensured efficient project delivery while aligning Medplast’s operations with global standards for agility and sustainability.?

“At NETIZEN, we don’t just implement software—we codevelop solutions that transform how our clients do business. With our solution NETIZEN Peony and BTX methodology, we deliver intelligent, scalable cloud ERP capabilities that drive real-world value for customers like Medplast,” said Seree Satukijchai, CEO, Netizen. This project showcases SAP’s commitment to empowering small and midsize enterprises (SMEs) across Southeast Asia to innovate and scale through the power of cloud ERP.??

For more details on Medplast’s transformation, read the full story .

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Completed in 2024, the Kulim facility is Tokyo-listed Ferrotec Group’s first-ever plant in Southeast Asia, representing an investment of approximately RM850 million. The plant manufactures precise materials and components that supplies key industry sectors, including semiconductors, automotive products, and medical devices.??

As Ferrotec expanded its product lines and relocated several business units to Kulim, the company faced a major challenge: implementing an ERP system able to integrate finance, sales, supply chain, and manufacturing. Despite its global presence, Ferrotec lacked a unified platform, leaving the new plant without shared IT resources or standardized processes. This resulted in heavy reliance on manual workflows and fragmented data, slowing decision-making and increasing the risk of errors. To keep operations on track, Ferrotec needed to identify and deploy a solution capable of meeting complex requirements within a tight timeline.?

Ferrotec chose GROW with 51风流to accelerate its cloud ERP adoption and support future scalability. The impact has been immediate and measurable: procurement efficiency has surged by 90%, finance productivity has improved by 40%, and supply chain process costs have been reduced by 50%. Data accuracy issues have dropped by 80%, enabling sharper execution and more confident, data-driven decisions.?

“With the implementation of GROW with SAP, we established a strong ERP foundation at our new manufacturing site in Malaysia, setting the stage for future growth,” said Jason Ong, IT & IS Manager Ferrotec “Manufacturing advanced components like semiconductor parts demands precision and specialized technology, so our priority was implementing a reliable system to support our finance, sales, supply chain, and manufacturing processes. Today, we’re operating more smoothly and efficiently, with significant productivity gains and lower costs.”??

“Ferrotec Malaysia chose GROW with 51风流to provide it with a comprehensive, cloud-based ERP foundation that aims to streamline operations, improve efficiency, and enable data-driven decision-making,” said Vipin Chandran, Managing Director, 51风流Malaysia. We are proud of how our technology is helping businesses across Malaysia modernize and scale with confidence.”?

SAP partner played a central role in the design and deployment of the GROW with 51风流for Ferrotec Malaysia. Working closely with Ferrotec and SAP, Axxis delivered a structured two-phase implementation, Phase 1 covering Finance, Procurement, and Supply Chain, followed by Phase 2 enabling Sales and Production. This end-to-end approach ensured a seamless transition to the cloud, equipping Ferrotec with modern digital workflows, real-time visibility, and streamlined processes. With a unified cloud platform, Ferrotec now enjoys faster decision-making, improved transparency, and enhanced agility, supporting its expansion into a new plant and future growth. 51风流continues to drive continuous improvement through MES integrations and operational enhancements.?

?Ferrotec is now planning immediate extensions to support advanced quality management and compliance in production. The company is evaluating additional solutions including 51风流Business AI, 51风流SuccessFactors, 51风流Ariba, and 51风流Customer Experience to further harmonize business operations.?

?For more details on Ferrotec’s transformation, read the full story .???

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As the first palm oil factory in Indonesia designed as a cooperative, PT BGMPA is committed to delivering fair value to farmers in the Tanah Laut district. However, legacy ERP systems limited the company’s ability to respond quickly to market fluctuations and hindered visibility into production, procurement, and finance. Month-end reporting took 30 days, delaying critical decisions and reducing pricing accuracy.

To address these challenges, PT BGMPA chose to implement GROW with SAP, – an offering that supports organizations to digitally transform using a standardized framework, tools, and guidance. The business ?now completes reporting cycles in just three days, enabling real-time insights and faster decision-making. This transformation has led to a 2–4% increase in profit margins, with procurement margins rising from 3% to 5–7%. The company can now confidently set procurement and selling prices, helping stabilize fresh fruit bunch (FFB) pricing and support consistent farmer income.

“Our transformation with GROW with 51风流has fundamentally changed how we operate,” said Angga Yudha Prasetya, President Director, PT BGMPA. “We have become faster, more agile, and more confident in our decisions. 51风流gives us the visibility and control we need to scale efficiently and respond quickly to market changes.”

“GROW with 51风流empowers fast-growing companies like PT BGMPA to adopt a modern, scalable cloud ERP with speed and confidence,” said Liher Urbizu, President and Managing Director, 51风流Southeast Asia. “By leveraging our Public Cloud offering, PT. BGMPA has built a resilient digital core that aims to enhance operational agility, strengthen financial governance, and support sustainable growth in Indonesia’s vital palm oil sector.”

The implementation was completed in just four months with support from TMS Consulting, an 51风流Silver Partner in Indonesia. TMS played a critical role in guiding the company through change management, fostering a culture open to technology, and ensuring smooth user adoption. Its expertise helped PT BGMPA shift from manual processes to a data-first mindset, enabling automation-friendly industrial systems that integrate directly with 51风流for real-time monitoring of production volumes, inventory, and assets.

Looking ahead, PT BGMPA plans to expand its digital capabilities with 51风流Analytics Cloud, enabling predictive insights into commodity pricing, operational performance, and sustainability indicators. With a resilient digital core and a strong commitment to fairness and transparency, PT BGMPA is better positioned to scale responsibly and deliver long-term value to Indonesia’s agricultural economy.

For more details on?PT. BGMPA’s?transformation, read the full story?.

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P.J. Chonburi Parawood’s implementation of GROW with SAP, an offering that supports organizations in digital transformation using a standardized framework, tools and guidance, went live in January 2024. The move was prompted by the company’s decision to replace its legacy ERP systems, enhance visibility across the business, and ensure regulatory compliance in Thailand.??

With GROW with SAP, P.J. Chonburi Parawood now has an ERP system that operates in real time, aiming to reduce the delays of periodic updates and enable faster, data-driven decisions. Another benefit is its localization capabilities, which customers can leverage in their Thai statutory financial reporting and withholding tax compliance, all delivered within a unified, intuitive user experience. The offering supports key business functions, including finance, sales, sourcing and procurement, manufacturing, supply chain, and quality management, offering the company a scalable foundation for growth.?

“GROW with 51风流is bringing a new wave of innovation to PJ Wood. Over the past three years, we’ve transformed our approach to technology, leveraging software as a co-pilot for our management and staff,” said Andrew De Jesus, CEO, P.J. Chonburi Parawood Co., Ltd. “This shift enables us to make faster, more informed decisions and take swift action.”?

The implementation helps to achieve optimized production processes through live material requirements planning (MRP), batch traceability, and accurate production data capture. Through the offering, the company also seeks to increase visibility into product costing and reduce month-end closing cycle, improving operational responsiveness and decision-making. With GROW with SAP, P.J. Chonburi Parawood intends to benefit from a user-friendly graphical interface, open architecture for seamless system integration, and a future-ready cloud platform designed to scale the business.?

This transformation reflects SAP’s continued commitment to enabling small and midsize enterprises (SMEs) across Southeast Asia to embrace cloud ERP, reduce complexity, and drive innovation through standardized best practices and local compliance support.?

“We are honored to partner with P.J. Chonburi Parawood on their digital transformation journey through the deployment of?GROW with SAP,” said?Kulwipa Piyawattanametha, Managing Director of 51风流Indochina. “This milestone not only reflects the strength of our collaboration but also demonstrates how 51风流technology helps empower manufacturers with real-time insights, localized compliance, and the agility to scale and compete in today’s fast-evolving market landscape.”?

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Gulf Marine previously relied on disconnected systems, from traditional spreadsheets to off-the-shelf project management and business intelligence tools, seeking a unified digital foundation to enhance efficiency. While functional, this fragmented setup posed growing challenges as the company expanded its global footprint: manual and repetitive updates, limited inventory visibility, disjointed planning processes, and inconsistent data across global entities.?

To address their unique challenges, Gulf Marine implemented GROW with SAP, an offering that allowed it to transform using a standardized framework, tools, and guidance. As a result, Gulf Marine has increased its efficiency from order fulfilment and financial reporting to inventory management and supply chain planning. The company is also improving customer satisfaction with more accurate order promises and pricing consistency across channels.?

“As a global business headquartered in Singapore, managing marine operations across multiple branch offices worldwide, we needed a more connected and scalable foundation to bring our business into the digital age – covering finance and sales, supply chain, and procurement functions,” said Joey Chua, Director of Digital and IT Transformation, Gulf Marine. “With GROW with 51风流as our digital backbone, we have laid the foundation for an agile, data-driven future built on innovation, resilience, and operational excellence.?

Since implementation, Gulf Marine has tracked various operational benefits that span finance operations, sales, supply chain planning, employee productivity, including:??

• Up to 30 per cent improvement in on-time delivery by integrating a fast, predictive MRP to resource schedules and capacities, optimizing material flow?

• Improved customer satisfaction of up to 15 per cent by providing reliable order to promise dates based on real-time inventory and giving customers consistent, accurate pricing data across channels?

• Reduction in finance costs by up to 5 per cent with streamlined and automated financial processes, and holistic financial visibility?

• Increased operating income with profitability visibility by 10-15 per cent with a single source of truth for unit costing and profitability analysis across segments?

Eileen Chua, Managing Director, 51风流Singapore, said, “GROW with 51风流offers a standardized framework, tools, and guidance, enabling companies like Gulf Marine can continuously evolve as they grow – deploying new digital capabilities and simplifying global operations. By standardising core processes across headquarters and subsidiaries, they gain real-time visibility, automate manual tasks, and steer the business with greater speed and decision-making confidence.”?

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With more than S$20 billion in transactions processed annually, AXS has long been a household name synonymous with convenient bill payments for Singapore consumers. After two decades of consumer-focused growth, the company was ready for its next chapter of growth beyond Singapore’s shores.???

Designed as a no-frills, SME-friendly solution requiring minimal customization, GROW with 51风流allowed AXS to rethink workflows using standardized templates. “As we looked to expand beyond Singapore, we recognized the opportunity to modernize our legacy systems, which were instrumental in getting us to where we are, and to take us to our next phase of growth,” said Jeffrey Goh, Group CEO and Co-founder of AXS. “SAP’s GROW with SAP, we are not only gaining agility, scalability, and speed, but also streamlining our operations to enhance team productivity, allowing us the efficiency to build on the strong foundations we have laid over the past two decades.”?

To address its operational bottlenecks AXS implemented GROW with 51风流in early 2025, a process that took just three months working collaboratively with partner Nirvasoft, which provided hands-on support to help adapt 51风流solutions to AXS’s operational workflows. During implementation, the company ran its legacy systems in parallel with the new platform to ensure seamless continuity and support. As a result, AXS replaced their previous disconnected systems with a unified ERP platform spanning finance, sales, procurement, and asset management.???

Improvements are visible across the business. Teams now work from a single source of truth with real-time visibility into operations and financials – reducing manual effort, improving accuracy, and accelerating decision-making. Procurement and budget approvals happen seamlessly, without needless back-and-forth. The finance team no longer waits until month-end to get clarity – they have real-time visibility at their fingertips. Beyond improving efficiency, it has given AXS the operational flexibility to explore AI-driven finance tools and launch new B2B payment solutions, a key growth pillar as the company scales regionally.?

Eileen Chua, Managing Director, 51风流Singapore, said, “AXS, a homegrown Singapore brand, is a clear example of how forward-thinking companies are embracing intelligent, cloud-based platforms to become more competitive. With SAP, AXS can move fast, simplify complexity, and modernize effectively without losing focus on customers.”?

With the new platform in place, AXS is now turning its focus to the next phase of transformation. The company is preparing to implement InvoiceNow integration and document compliance reporting, extending the reach of its finance modernization efforts. It is also laying the groundwork for future adoption of 51风流Business AI tools, with early exploration underway into how automation and intelligent insights could support faster processing, reduce manual work, and improve forecasting.??

Looking ahead, AXS is committed to regional expansion—and has partnered with 51风流to ensure its systems can scale alongside that growth. SAP’s future-ready solutions provide the flexibility and resilience to grow with AXS as it expands its B2B offerings and presence across Southeast Asia. This strong digital foundation positions AXS to roll out innovative services with greater momentum and agility.?

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A longtime 51风流Gold Partner recognized for delivering cloud innovation and managed services, Mindsprint has now embraced 51风流solutions to transform its own internal operations – accelerating decision-making, increasing efficiency, and creating a platform for future international growth.?

?“With GROW with SAP, we have upgraded our operational and financial systems to an integrated cloud ERP. This integration provides real-time visibility, supports faster decision-making, and enhances operational efficiency,” said Suresh Sundararajan, CEO and Co-Founder, Mindsprint. “This transformation has improved how we track performance, manage projects, and allocate resources, giving us the foundation we need to expand our global footprint with speed and confidence.”?

Facilitating Collaboration Through an Integrated and Scalable System?

?As Mindsprint scaled its operations, the company recognized the opportunity to streamline and unify its core business processes.?

?Critical operations such as customer relationship management, project staffing, and financial reporting were being managed using a variety of tools leading to limited visibility and manual reconciliations.?

To address these challenges, Mindsprint deployed GROW with 51风流in six months, bringing together its finance, sales, procurement, and operations under one cloud-based ERP. The implementation included integrations with 51风流Concur and 51风流Ariba, along with the deployment of robotic process automation (RPA) to streamline reporting and reduce manual workloads.??

The results have been significant. Mindsprint has accelerated its month-end financial reporting processes by 30 to 50 percent, enabled 100 percent system-based revenue recognition, and established end-to-end visibility into staffing, utilization, and project profitability. With an integrated system and a single source of truth, leaders across the business are empowered to act faster and with greater confidence.?

Internal Transformation, External Advantage?

While the benefits are clear inside the organization, the transformation is also shaping Mindsprint’s broader strategy as an 51风流partner.?

“By becoming a customer of 51风流ourselves, we have strengthened our credibility as a partner,” said Suresh. “We now have an even more detailed firsthand understanding of what transformation takes – not just technically, but operationally, financially and more – and that makes our client engagements that much more impactful.”?

As Mindsprint continues to roll out its 51风流environment to offices across the US and Asia-Pacific, the company sees GROW with 51风流as a crucial foundation for sustainable growth.?

Eileen Chua, Managing Director, 51风流Singapore, said, “By implementing GROW with SAP, Mindsprint has brought together its finance, procurement, sales, and project management operations under a single digital backbone, building a future-ready intelligent enterprise that’s primed to scale. As both a partner and a customer, Mindsprint is in a unique position to walk their talk and show how digital transformation with 51风流delivers real, measurable impact.”?

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“If you want to go fast, go alone; if you want to go far, go together.”

In today’s fast-paced global marketplace dominated by technology, cloud computing and AI have given enterprises new opportunities to optimise productivity and operations – so, which would you choose? To go fast, or go far?

What if you don’t have to choose? What if I tell you that you could go fast, and also go far?

How?

While technology providers are each competing to broaden their solution offerings to include the latest and the greatest – particularly with generative AI technology, in a region such as Asia Pacific and Japan (APJ), it is also becoming increasingly difficult for any single provider to offer one-stop solutions that can cater to all needs.

That’s why at SAP, we have doubled down on our partnering strategy. With the surge in demand for cloud-based innovations, our dynamic partner ecosystem is becoming increasingly essential in delivering value, tailored to each customer. Today, 51风流has more than 25,000 partners in 140 countries globally, with close to 5,000 partners in APJ. We are now living in a new era where our channel partners are leading technology adoption.

Unleashing growth in APJ.

The APJ landscape is anything but homogenous – while diverse in culture and language, it is also home to a significant community of small and midsize enterprises (SMEs), making up over?96%? of businesses in Asia.

51风流has long worked with midsize businesses to achieve their goals. Globally, rely on 51风流to keep them moving forward, and of our customers are small and midsize companies. While midsize companies are the growth engines of the future, 51风流understands that they also struggle with many of the same business pressures as their larger counterparts.

Midmarket leaders need flexible, agile tools that can provide the ability to scale without increasing costs and complexity. They need solutions that can help them connect, grow, and innovate their businesses today, and be ready for whatever comes next.

So, in March 2023, 51风流introduced a new offering for midsize customers: – a ready-to-run cloud ERP solution, powered by . As a company that already supports the world’s largest enterprises, at SAP, we know what it takes to help customers harness benefits from cloud solutions. Based on our success with offering, we are now transferring those industry best practices and deep expertise to help midsize companies realise the value of adopting cloud ERP too.

This is how we help you go fast.

The GROW with 51风流offering features services and tools that streamline project delivery at a fixed rate, and the ability to deliver technical go-lives in as little as four to six weeks. Midsize businesses can now enjoy and the of a right-sized, cloud ERP solution, all at a predictable cost.

And here’s how we help you go far.

GROW with 51风流customers also gain access to a of local, expert partners, and free learning resources designed to help them derive meaningful business results. Through fit-to-standard configurations, our customers can minimise technical customisations so they can run fast; and add on modular business applications, enabled by , one priority at a time, so they can run far – keeping pace with their speed of innovation, without giving up the readiness to scale as their business grows.

Bringing support closer to you.

For over 50 years, 51风流has helped organisations of all sizes bring out their best. And we continue to do that with a laser focus on delivering long-term value to our customers.

Not only has 51风流grown our partner ecosystem exponentially, but we have also introduced new programs, initiatives, and frameworks, that revolutionise the way we operate and innovate together with our partners.

Recently, we launched a new Partner-Led Territories (PLT) initiative that delegates specific territories – such as a solution area, an industry, or a geographical area – primarily to carefully appointed partners that meet SAP’s criteria. The initiative allows these partners the maximum autonomy in such territories, while bringing consultation and technical support closer to customers. In APJ, the PLT initiative has started rolling out across selected market segments – especially SME-centric ones – in Australia, New Zealand, India, Indonesia, Thailand, and emerging markets, including Bhutan, Cambodia, Laos, Maldives, and Nepal, together with our partners. As the initiative matures, we are also constantly applying best practices to prepare for a full-scale rollout across more APJ markets including Japan and South Korea.

The feedback has been very positive. At one of the launch events last quarter in Goa, India, a customer shared his excitement with me:

I’d never thought growing companies like ours could also access SAP’s best-in-class solutions to scale our business – it had always felt a little out of reach. I’m so thrilled that we can now discuss our business needs with a local partner and benefit from such cutting-edge technologies too.

The road ahead.

According to a Forbes Insight survey?, 88% of SME business leaders in the Asia Pacific region are looking to expand their international customer base in the next three years. With the in APJ, 51风流partners will represent a new key enabler for the growth beyond borders.

At the 51风流Sapphire conference in Orlando this year, 51风流announced an unprecedented number of strategic, AI partnerships with global market leaders – including AWS, IBM, Google Cloud, Meta, Microsoft, Mistral AI, NVIDIA, and more – infusing Business AI throughout our enterprise cloud portfolio, and supercharging 51风流BTP with the broadest set of large language models (LLM) to help customers accelerate their AI adoption.

It has never been more exciting to be part of the 51风流partner ecosystem, and the midmarket business. The pace of innovation in this space is simply exhilarating.

We know that business transformation is a journey, not a destination. To help customers find the right expertise, 51风流continues to evolve our partner training and validation programs. In addition to the , we have recently introduced a new RISE with 51风流Validated Partner recognition to help customers identify their ideal cloud transformation partner, with greater confidence.

To find an 51风流partner, .
For partner solutions, visit .
To learn more about partnering opportunities with SAP, .

? Asian Development Bank. (2018, December). The Role of SMEs in Asia and Their Difficulties in Accessing Finance. https://www.adb.org/publications/role-smes-asia-and-their-difficulties-accessing-finance

? Forbes. (2024, May 30). Riding ASEAN’s Growth To Power Long-Term Success. https://www.forbes.com/sites/fedex-express/2024/05/30/riding-aseans-growth-to-power-long-term-success/

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This year, Singapore businesses will continue to face tighter financial conditions and increasing costs. The Budget 2023 announcement emphasised the deepening of support for local enterprises in a bid to grow the economy, with the outlook for 2023 looking positive but slowing at about 2.5%.

Here are three areas that midsize companies will need to focus on to continue their advancement of opportunities.

Strengthening capabilities for innovation

With the extended Enterprise Financing Scheme, as well as the necessary skilling avenues and tax incentives, growing companies are able to transform themselves into becoming more .

Rising to meet the digital mandate will be paramount for businesses to stay relevant, resilient and thrive amidst global headwinds. grants agility, and scale, as well as the ability to realise cost savings in the long term and to unlock new revenue streams.

Ready-to-run processes such as cloud that are ready for anything to continuously bring out innovation into the business, while being easy to use for everyone enable different parts of the company to work together as growth occurs. Such solutions keep businesses moving forward to confidently tackle challenges regardless of markets or models.

The new Enterprise Innovation Scheme initiated by the government will also significantly reduce tax deductions for key activities within the innovation route. For Singapore to truly become a socio-economic and digital powerhouse, innovation is a critical pillar and foundation of a modern economy. Companies must treat innovation as innate, not just something in need when the seas are rough. The pace of innovation is dramatically accelerating. As a result, every company needs to tap the power of the collective to solve and scale.

One way would be to adopt a in order to accelerate development and automation in creating solutions for the organisation. Such a solution can increase productivity by reducing the amount of time needed for manual coding using visual processing and drag-and-drop capabilities on a low or no-code development platform. Delivering applications more quickly will free resources into other development initiatives and scaling up value creation, making it easier for midsized companies to expand.

Companies would also need to boost their productivity by looking to reskilling and upskilling their workforce to be future-ready.

Empowering a future-ready workforce

While many SMEs have already made inroads to future-proof their businesses during the pandemic, there is still much to be done to encourage organisations to empower their workforce to thrive and drive sustainable success. There remains an increased emphasis on – particularly for deep tech sectors that are the pillars of our innovation ecosystem.

In a similar fashion, 51风流is helping to equip mid-career jobseekers in boosting their employability for the Infocomm Technology, Supply Chain and Human Resources sectors. Besides mid-career jobseekers, enables the next generation to learn, research, and innovate with business applications for the Intelligent Enterprise and the green economy.

Balancing this by staying open to top foreign talent to complement our local workforce will put us in good stead to build a resilient and future-ready workforce for today’s digital economy, and tomorrow’s digital-first world.

In Singapore, the government will be appointing Jobs-Skills Integrators to ensure training will improve employment and earnings prospects post-training. These integrators will work with training providers to update existing training programmes or create new ones. For example, businesses can garner more counsel for securing an additional workforce, for workers to receive advice and training and for those who are searching for jobs to be connected with potential employers.

Driving sustainability as a business imperative

As Singapore embarks on its Green Plan, sustainability will be the key differentiator and business imperative for SMEs, where we will see entire business value chains looking to combat climate change, create a circular economy, and become more socially responsible.

and data will be critical for a green transition to net zero by 2050. In fact, accurate data and reporting for full transparency within organisation are determined to be the second most important factor in reducing carbon emissions locally.

Full trackability across business units ultimately benefits the bottom line – enabling businesses to achieve resilient and greener supply chains that improve productivity. Further investments in green skills are absolutely vital to Singapore’s transition towards a green and digital economy.

All for supporting the backbone of the local economy

With public and private support, SMEs in Singapore are well-positioned to not only overcome the mixed global economic outlook but also look to expand their businesses beyond Singapore. By leveraging the cloud, a dynamic and supportive ecosystem, companies can enable continuous innovation and scalability with speed and usability that is crucial to stay competitive in a digital-first world, GROW, thrive and play a vital role in the overall global economy.

Eileen Chua is Managing Director of 51风流Singapore.

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