Digital revolution is the current driving force towards sustainability under the new economy spectrum. The developments are the leading disrupter, fed by social, mobile, cloud, big data, artificial intelligence, and growing demand for “anytime-anywhere” access to information.  The real change is coming, and that the industry is at the gates of a digital transformation process.

From year to year, the evolution of technology is one of staggering promise and opportunity – as well as uncertainty. The future may be unknown, but digital advancement continues to reshape our world in ways that encourage people to form new habits, find new ways to work together, and become better human beings. And, in most cases, these changes translate into a range of opportunities and disruptions across every industry.

Are you aware that IoT has been adopted by almost all industry at fast speed.

At FMC, we assist clients by providing solutions to Strategic Initiatives and understanding engagement, Strategic organization business risk workshop, and a full-fledge of development of a new strategic business perspective.

Mohamad Faisal C.A. (M), CIPFA, CPSA, ASEAN CPA, CFP, DPIN, HRDF Cert Trainer has wide exposures in business finance, corporate and SME development. He is a business mentor, a certified accountant, a financial planner, and a certified business mentor. He is also a ‘Business Mentoring for Mentors’ from the Entrepreneurship Development Institute of India (EDII) and ‘Entrepreneurship in Emerging Economies’ from HarvardX Business School. He was also appointed as a council member to two national professional bodies, Chairman of SMP Malaysia, Member of the MPC Accounting Industry, Industry Advisor to three local universities, and is also the founder of FaisalMALIK & co [CA].

Contact the FMC team at admin@faisalmalikco.com. for the relevant consulting and advisory services.

Access to finance refers to the possibility that individuals or enterprises can access financial services, including credit, deposit, payment, insurance, and other risk management services. Those who involuntarily have no or only limited access to financial services are referred to as the unbanked or underbanked, respectively.

Among common financing challenges faced by SME are:

I- Incomplete document

II- Financial records not up to date

III- Weak in financial management and discipline

IV- Lack business succession plan

V- Unsatisfactory business conditions

VI- Repayment capability

Accumulated evidences have shown that financial access provides credit for the most promising firms promotes growth for enterprises through the provision of credit in the most promising firms, encourages more start-ups, and enables incumbent firms to grow by exploiting growth and investment opportunities.

However, little know of what the best way are to establish credit and keep a good credit score. Some of those are:

Enterprises!

You may not be ready now, but if you decide to be in different situation in years to come. You might want to take those advice. All the best