Beyond Inflation: Boosting Productivity and Profitability

In 2024, Singapore businesses and governments are looking to technology to drive growth and innovation while navigating the challenges of rising costs. According to the UOB Business Outlook Study 2024 (Singapore), 75% of companies have a positive outlook for the year, but 63% report increased operational costs and 42% face higher raw material prices due to inflation. Leaders are optimistic but realistic, focusing on improving productivity (37%) and implementing cost-cutting measures (33%) to safeguard profitability.

Singapore’s national strategy emphasises technology as a key driver for enhancing productivity across sectors. Forward-thinking employers are embracing this strategy, using tech not only to deliver exceptional customer experiences but also to boost internal productivity and mitigate the pressures of a challenging business environment.

CFOs are pursuing cost-control measures while partnering with HR leaders to build future-ready teams. These teams are increasingly equipped with the skills necessary to automate routine tasks and integrate advanced technology tools, enabling them to focus on more strategic initiatives that drive business success.

You are cordially invited to join Grab’s CFO, Peter Oey, for a closed-door roundtable discussion where we will discuss:

• Best practices for managing inflation, maintaining profitability, and aligning financial goals with HR strategies.
• How automation and AI can optimise financial processes, improve reporting accuracy, and boost productivity.
• Partnering with HR for talent upskilling and organisational role redesign, enabling your teams to focus on more strategic tasks.
• How to build a business case for ongoing investment in technology-led financial systems.

Connect with fellow CFOs and finance leaders to share experiences and solutions in a confidential setting. Join us on 25 September 2024 at Marina Bay Sands.