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All Posts Tagged With

Saving Money

Credit Cards

How to pay rent with your credit card in Hong Kong and Singapore

In Hong Kong and Singapore, credit cards continue to dominate as the payment method of choice for almost all online transactions. This makes sense as unlike other payment methods (eg. cash, bank transfers, checks) credit cards come with a unique combination of security, rewards and convenience.

Posted on 
Apr 16, 2019
  by
Daren Guo
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Reap News & Announcement

Automate bill pay with Reap Payment Schedule

Let’s be honest, remembering to pay your recurring bills and expenses is not the most exciting task in the world. What if there was a way to automate your large business expense payments similar to the way your phone bill, Netflix or Spotify subscription are paid?

Posted on 
Apr 2, 2019
  by
Daren Guo
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Productivity

Automate accounts payable so it can help generate more revenue for your business

Automation is the way of the future, allowing companies to focus on running their business rather than spending time with manual processes. Whether you are looking to increase the efficiency of your accounts payable department or if you are just getting started in business, the benefits of automating your A/P far outweigh the costs.

Posted on 
Mar 25, 2019
  by
Daren Guo
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Cross Border Payment

Cross Border Payment Options for SMEs for Hong Kong

For a large number of small to medium businesses here in Hong Kong, cross-border or international commerce is a large part of their day-to-day operations. This includes both selling and buying from international counterparties. What this means for businesses, is that they will constantly face issues with FX, remittance, transfers and dealing with foreign payment costs that are not always be clear. So it becomes important to understand what the options are when it comes to sending money overseas for business purposes.

Posted on 
Mar 14, 2019
  by
Kevin Kang
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Credit Cards

How do I get a Business / Corporate Credit Card as a SME in Hong Kong

As your small business grows, your management needs will, too. You’ll have more employees, more invoices to pay, more accounts receivable. And you may have too many authorized users on your small-business credit card. At that point, it may be time to change from a small-business card to a corporate credit card.

Posted on 
Mar 7, 2019
  by
Kevin Kang
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Credit Cards

Top 6 ways credit card spending can reduce overall expenses

In an environment of growing competition for small businesses, establishing processes around cost controls and spending visibility is an integral part of the path to profitability. Investors, regulators and long-term customers have expectations and demand for more disciplined spending in the relevant areas and growth oriented businesses are now turning to credit cards (commercial and personal) to help with their expense management process.

Posted on 
Mar 4, 2019
  by
Daren Guo
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Managing Money

Why Won’t Your Suppliers Accept Credit Card Payments? And How To Change Their Mind

According to PRNewswire.com, virtual card payments make up 50% of all B2B payments. Suppliers are accepting virtual card payments now more than ever before, but many still rely on outdated payment methods because they believe the fees don’t outweigh the benefits. Despite the most common objections for refusing to accept card payments, virtual cards offer clear benefits suppliers simply can’t ignore.

Posted on 
Feb 27, 2019
  by
Kevin Kang
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Managing Money

Cash Flow 101: How to forecast and manage cash flow

In the first article of this series we talked about why businesses should worry about measuring cash flow instead of profit. Today, we want provide a walkthrough of how small businesses can actually measure cash flow with minimal accounting knowledge.

Posted on 
Feb 24, 2019
  by
Daren Guo
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Credits & Loans

Is It Better to Get a Business Loan or a Business Line of Credit?

Small and medium sized business owners often will face this question when they have achieved a certain level of scale, and are considering options to finance their continued growth.

Posted on 
Feb 21, 2019
  by
Kevin Kang
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Managing Money

Working Capital Calculator - Demystifying what working capital means for your business

The general definition of working capital is the amount of money used for financing the day-to-day operations of a business. However, what does this definition actually mean in practice? Is it the amount of money in the bank account of your business? Is it the amount sitting in the cash register?

Posted on 
Feb 17, 2019
  by
Kevin Kang
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Managing Money

Cash flow 101: Why you should worry about cash flow instead of profit

82% of businesses fail due to poor cash flow management. Especially If you are a new SME (where cash management is especially challenging), it should be a key area of focus as you get your business up and running.

Posted on 
Feb 13, 2019
  by
Daren Guo
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Cross Border Payment

Going global : SME working capital financing for cross-border trade

As a nation with a relatively smaller domestic population, Singapore businesses have always thrived on being able to enter global markets. This ongoing trend of internationalisation is largely driven by Singapore’s advancements in innovation

Posted on 
Feb 1, 2019
  by
Kevin Kang
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Managing Money

Cash is Still King: How startups can manage and improve their cash flow

Startups live and die by their cash. According to a recent CB Insights study of 101 startup failures, running out of cash is the second biggest reason why startups fail, ahead of having the wrong team, competition, and pricing issues.

Posted on 
Apr 19, 2018
  by
Kevin Kang
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