CPF, unabbreviated as Central Provident Fund, is a senior care initiative taken by Singapore’s Government to accumulate funds on behalf of working citizens and working permanent residents in Singapore for their later retirement. This compulsory savings plan would allow you as an employer or employee to understand how you can rely on your future savings. […]
In the business world, the term ‘Attrition’ is used to describe the gradual and unpredictable reduction or dwindle of a vital resource or crucial stakeholder group. There are mainly two types of attrition that businesspeople must be well-apprehended about, they can be either: Employee Attrition: This type of attrition refers to the reduction of staff […]
O2C Definition: Quick Answer Order to Cash (O2C) is the complete business process that begins when a customer places an order and ends when payment is received and recorded in the company’s financial system. Simple Definition: O2C covers everything from order placement → fulfillment → invoicing → payment collection → cash reconciliation. Also Known As: […]
A General Ledger, commonly abbreviated as GL, is a systematic record-keeping system that keeps track of all the financial transactions of an organisation that are needed to prepare complete financial reports. It registers a numbered of transactions that are unique by nature and falls into the following types: Debits: Assets, Losses, Expenses, Dividends Credits: Income, […]
Third-party logistics (3PL) is the outsourcing of warehousing, fulfillment, transportation, and distribution operations to a specialized external provider. Instead of managing logistics in-house, businesses partner with 3PL companies that handle inventory storage, order picking and packing, shipping coordination, and reverse logistics on their behalf. Key Point: A 3PL provider manages the operational execution of your […]
Training centres use different models to acknowledge the forming of Instructional System Development Programs, abbreviated as ISD, in their training institutions. The ADDIE model is one of the frameworks that belongs to the ISD family; training centres in Australia use it to have a complete awareness of the end-to-end training processes in their centres. This […]
With the advent of technological solutions, education institutions were enabled to grasp minute data and analytical insights of many aspects. One of these capabilities is the adeptness to perform thorough investigations and understanding of the actual fixed asset performances of the educational institutions. Fixed assets of education centres can span from furniture and fittings to […]
Formative Assessment refers to a method of assessing the professional developments by addressing the in-class activities and the student’s comprehensiveness of the on-going class activities. It mutually develops the activities of both the students and teachers adequately by harnessing insightful findings about classroom behaviours. This type of assessment is carried out either when the classes […]
Choosing a competent School Management System (SMS) by your educational institution cannot be emphasised enough. Whether your institution is a school, a training unit, a university or any other educational facility, adopting an SMS will always be mandatory and one of the most important decisions that your administration will make. Therefore, we are going to […]
The COVID-19 pandemic upsurge has forced most companies in Singapore to rely on technological solutions in managing and maintaining their client information. The need for Client Relationship Management (CRM) software has never been more critical than during current times. However, this has also influenced the rise of cyber hits in Singapore’s companies which keeps on […]