Business Advisory
In today's fast changing corporate world, a clear and concise business plan is essential for an organisation conducting its business activities and meeting its future business plans. However, visible routes to successful business planning may not always be readily available. At BPM Counsultancy, we take pride in bringing to you the available solutions and advise on a most suitable approach specifically suited to your needs.
Our business advisory focuses on helping companies to move onwards with their expansion and growth plans, and when a company is ready to embark their next businesss growth phase, we will be on hand to advise on growth methods and available alternatives to best accelerate the process and ensure a smooth transition.
Regardless of a new start-up or an established business seeking to expand, our professional advisory includes the legal, regulatory, finance, and risks factors faced by an enterprise. Covering both the internal and external aspects an organisation's management, our services stretches beyond the uplifting of an organisation's internal processes, and extends into stakeholder management and marketing needs, including grant writing and application capabilities that can help organisations defray the costs of consultancy services.
Business Management Consultancy
During an organisation's expansion phase, the burden of meeting its growing logistical needs often hampers its ability to achieve efficiency, limiting growth potential and resulting in loss opportunities. At BPM Consultancy, we seek to smoothen the implementation of an organisation's expansion plans, and help realise undiscovered potential within an organisation.
Business Management focuses on identifying issues within and implementing improvements across multiple aspects of a organisation, the process is usually initiated by an internal review on the overall process to identify specific areas which may require improvement. Working closely with the management, our consultants would work towards streamlining business activities and recommend infrastructure upgrades where necessary, business management optimisations are generally considered to be a mid to long term process.
Transformation & Change Management
Transformation and change management processes allows an organisation to put in place measures to improve organisational efficiencies and correct operational inefficiencies, thereby reducing business activity costs. The transformation & change management approach would be targeted towards specific areas of a business, such as identifying suitable performance management techniques by streamlining suitable key performance indicators (KPI), or to introduce additional management software and working methologies various departments such as for Human Resource, Finance or Sales.
Project Management
When managing projects, it is essential for an organisation plan ahead and enforce resource planning in terms of manpower, time, and financial resources. Due to resource constraints, it is a not uncommon for organisations to outsource specific projects to professional management firms in order to maximise efficiencies on resource usage.
As projects have a direct impact to an organisation's growth, it is necessary for the organisation to engage in professional services to oversee and manage a project, leaving more time for the management to focus on running the day-to-day business activities. At BPM Consultancy, we specialise in managing operational projects, using a wide array of progress tracking tools to ensure the timely delivery of a managed project. The management of a project would often include:
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Performance Management and Analysis
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Statistical Modelling and Simulations
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Operational Analysis
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Supply Chain Management
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Quality Control and User Acceptance Testing
Business Process Re-Engineering
Each organisation's business process is distinctively unique and would be difficult to replicate in most circumstances. The need to re-engineer a business process arises when the management realises a prolonged decrease in productivity and efficiency. In this scenario, a transformation or change management process would be insufficient in rectifying the process, requiring a fundamental business process overhaul defined as Process Re-Engineering. The process might include the formulation of Standard Operating Procedures (SOPs), adopting Enterprise Resource Planning (ERP) systems and/or methodology applications such as lean, 5S or six-sigma.
During Process Re-Engineering, our consultants may upon review, make recommendations on upgrading core business processes, this could include introducing necessary software or hardware to include technology towards improving specifically targeted business areas.
Business Proposals and Grant Fundings
A well-thought out and written proposal is the first step taken in many business deals. Regarded as a key initiating process and a prelude to the next step in making a strategic business decision, it is essential for the business proposal to include only specific information to deliver the best required results.
A well-written business proposal would allow an organisation to put forth its intentions in proper detail and would go a long way in ensuring a clear roadmap is available to follow, preventing unnecessary detours and deviations that would result in recification costs. As the first document to be usually presented to the proposed party, it would be a key determinant in many business dealings acting as the main corporate summary and factsheet, an essential component of any corporate dealings.
Feasibility Reports
A Feasibility Report is a financial forecast report performed prior to a deal's commencement focused on determining its financial viability, and providing a detailed report highlighting the deal's strengths and concerns. The feasibility report works as a due diligence on a specific deal, and provides detailed snapshots of the deal's feasibilty, allowing for adjustments and fine-tuning to be made before deal commencement to ensure a siginificant increase in success rates.
A feasibility report is complementary to other reports, and provides additional supporting financial information for an organisation in making an informed decision as part of a business proposal. The report would usually include the following:
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Financial Forecasting
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Financial Analysis
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Key Performance Indicators Idenfitication
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Industry and Economic Risk Analysis
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Business Plans
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Other Required Financial Reports
Prospectus Reports
A Prospectus is a corporate summary provided by an organisation to introduce itself and its business activities to prospective clients (whom may request for one). The prospectus is generally essential as an initiating document during a merger or acquisition exercise, investment negotiations and any other activities that may require a well-presented summary of the organisation's activities along with other client specified information.
That being said, a prospectus is usually customised for a select clientele group, however, a generic version may also be made available and subsequently updated to better suit the client's specific requirements. Due to the wide ranging information that could be requested by the client, a prospectus could generally include the following:
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Historical Financial Data
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Forecasted Financial Data
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Management Team
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Business Activities
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Business Plans
Grants and Fundings
Grants and Funds are souces of financing made available through both public and private sources, amongst the more widely available are grants set-up by government bodies to help out Small Medium Enterprises (SMEs), grants may be given out in for form of cash , equipment or subsidies for corporate services. Grants may also be "initiated" by an organisation or be available to only a select group of companies (closed door grants) for a specific purpose (eg. research or social grants)
At BPM consultancy, we are specialised in advising on all grant and funding applications. Retaining a vast array of experience from successful grant applications, we provide grant application support and documentation services towards both public and closed-door grants. Working closely with our clients, our services ensure a smooth and comprehensive process in securing grant approvals. Some of the available public grants are:
(Grant between S$20,000 to S$640,000)
WorkPro is a one-stop scheme to help employers adopt progressive workplace age management practices, facilitate job redesign and improve work-place practices, as well as to encourage employers to recruit and retain back-to-work locals and mature workers to meet their manpower needs. WorkPro
(Grant up to 70% of qualifying costs, capped at S$20,000)
As part of the move to simplify the grant application process, IDA introduced the concept of pre-qualified infocomm packages supportable under iSPRINT. These bite-sized, ready-to-use solutions enable SMEs to start deploying IT into their operations quickly and easily.
The iSPRINT (Packaged Solutions) contains a list of solutions, both Off-The-Shelf and Pay-Per-Use that meet IDA's prequalification requirements.
Productivity Innovative Credit (PIC)
(Grant up to 60% of qualifying costs, cash payout capped at S$100,000)
The PIC scheme offers enhanced tax deductions and cash payouts for businesses that invest in productivity improvement activities.Under the PIC Scheme, businesses can enjoy 400% tax deductions/allowances and/or 60% cash payoutfor investments made in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2013 to 2018.
Market Analytics
In a digital age of business where simply having access to the right information at the right time could lead to a strategic business decision that could break or make an organisation, its no wonder companies focus a great deal of their resources on analysing market trends and information.
The ability to forecast an upcoming trend or predict a change in consumer tastes may be the key to winning out against your competitors, from waging marketing campaigns to analysing and forecasting the next big break, BPM consultancy provides the reliable professional support organisations need to make the next big strategic decision.
Market and Industry Reports
In today's world of business, the importance of understanding one’s market and industry cannot be over-emphasised in the making of business decisions. An important measurement when making strategic decisions, availability of up-to-date market and industry reports would ensure a greater accuracy in decision making and significantly impact an organisation.
Consisting of updated market information summarising market conditions, it is highly useful tool for product pricing, acquisition activities, expansion decisions and re-alignment of strategic business functions. Market and Industry reports are commonly customised according to the needs of our clients and would feature an analytical modelling report, however, a complete report may generally include:
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(Regional or Local) Market Data Analysis
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Close Competitor Review
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Product Analysis
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Customer Base Analysis
Data Analytics
Data analytics is the science of examining raw data with the purpose of drawing conclusions about that information. Data analytics is used in many industries to allow companies and organization to make better business decisions and in the sciences to verify or disprove existing models or theories. Subsequent post-processing work is performed to convert the raw data into relevant useful information focused on specific areas of inquiry. BPM Consultancy utilises an array of programmes in raw data processing and information analysis, presented in a summarized form of graphs, charts and diagrams. Data Analytics is particularly useful for extracting the following information:
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Financial Database Analytics
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Customer Feedback Analytics
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Key Reporting Indicators
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Sales Trending
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Human Resource Performance
Marketing Advisory
Successful marketing is a significant contributor of sales, and is an important factor in building up brand awareness for an organisation’s products. Marketing is about communicating the value of a product, service or brand to customers, for the purpose of promoting or selling that product, service, or brand, whilst a wide variety of marketing techniques exists, careful study through market analysis and market segmentation, as well as understanding consumer behaviour is required before deciding on a suitable marketing campaign.
At BPM Consultancy, we strive to place value on a product’s marketing technique and its selection, and perform extensive market research prior to advising on suitable marketing campaigns. We believe that marketing should be customer-focused, and when used effectively can be a value adding tool that is consumer engaging and provides insight to developing a successful product.