Raising the bar for your business

Focus on building your expertise and ideas while we handle the day-to-day operations.

Singapore has established itself as a regional hub for Business Services providers, which make up 25% of total business establishments in Singapore*. Thanks to its vibrant base of consulting, accounting, law, marketing and engineering firms, one can now easily tap into the expertise and knowledge of others to improve their own business.

While you may be one of the best in your field, running a business may present its unique set of challenges. Perhaps your legal practice is under pressure from escalating payroll overheads or your advertising firm is being challenged by the increasing volume and complexity of client demands. Whatever it is, we understand the challenges you face. At OCBC, we have helped tens of thousands of Business Services providers streamline their operations, minimise business risks and capitalise on new growth opportunities to be even more competitive.

*Department of Statistics Singapore. Singapore Services Sector 2020.

In this industry, it is all about billable hours. Let us help improve the productivity, visibility and automation of your cash management. Instead of waiting up to 90 days for cheques and bank transfers from your clients, receive timely payments by going digital.

Optimise cash flow with these solutions

Save more on cross-border payments

Adopt a safer and easier way to pay your vendors on time. 36% of Business Services firms remit in major foreign currencies through overseas Telegraphic Transfers (TT)*. Plus, send international payments at a preferential foreign exchange rate with FX Online.

*Based on the OCBC SME Index

Adopt a safer and easier way to pay your vendors on time. 36% of Business Services firms remit in major foreign currencies through overseas Telegraphic Transfers (TT)*. Plus, send international payments at a preferential foreign exchange rate with FX Online.

*Based on the OCBC SME Index

Get paid faster with OCBC OneCollect

The speed of payment process is always a priority. To accelerate cash flow, OCBC OneCollect lets you receive payments from clients in your business account instantly. Also save on merchant commission with the integration of PayNow QR, which enables quick scan-and-pay transactions.

The speed of payment process is always a priority. To accelerate cash flow, OCBC OneCollect lets you receive payments from clients in your business account instantly. Also save on merchant commission with the integration of PayNow QR, which enables quick scan-and-pay transactions.

Get an all-in-one business account

Stay on top of your business with the OCBC Business Account. From reconciling your payments and collections to getting an up-to-date and complete picture of your cash flow, access to your account information is available 24/7 on mobile and desktop with OCBC Velocity and the OCBC Business app.

Stay on top of your business with the OCBC Business Account. From reconciling your payments and collections to getting an up-to-date and complete picture of your cash flow, access to your account information is available 24/7 on mobile and desktop with OCBC Velocity and the OCBC Business app.

Need to buy or renovate an office space, furnish your place with essential equipment and client amenities or acquire new premises? From short-term lines of credit to long-term loans, we can help find the right financing for various needs.

Expand your business with these solutions

Unlock cash from recurring sales invoices

Convert unpaid invoices into cash within 1 working day and get the funding you need to purchase software or equipment. Borrow and pay for only what you use for 30 days at only 0.5% per month.

Convert unpaid invoices into cash within 1 working day and get the funding you need to purchase software or equipment. Borrow and pay for only what you use for 30 days at only 0.5% per month.

Achieve peace of mind with Contract Financing

When you secure a large contract and require working capital to kickstart and fund the ongoing expenses needed to fulfil the scope, tap on our contract financing facilities that can be customised to your project milestones.

When you secure a large contract and require working capital to kickstart and fund the ongoing expenses needed to fulfil the scope, tap on our contract financing facilities that can be customised to your project milestones.

Issue bonds with confidence

Whether you need a bid bond for a tender, an advance payment guarantee to receive an advance payment, or a performance bond or warranty bond to fulfil your contractual obligations, apply for the Banker’s Guarantee online via OCBC Velocity.

Whether you need a bid bond for a tender, an advance payment guarantee to receive an advance payment, or a performance bond or warranty bond to fulfil your contractual obligations, apply for the Banker’s Guarantee online via OCBC Velocity.

Facing the possible risk of legal suits against you by your clients? This may happen in the event of an alleged breach of professional duty of care or duty by reason of a negligent act, error or omission. And at the workplace, property fires and accidents may pose threats to your operational resilience.

Safeguard your business against potential risks with these solutions

Secure your professional liability

Professional liability is a critical client-facing risk for Business Services firms with the potential for severe financial impact and reputational damage. For law and accounting firms, managing and reducing professional liability exposure is key to protecting your reputation and revenue.

Professional liability is a critical client-facing risk for Business Services firms with the potential for severe financial impact and reputational damage. For law and accounting firms, managing and reducing professional liability exposure is key to protecting your reputation and revenue.

Protect against operational risk

For uninterrupted and worry-free operations, you can minimise damages or losses caused by unforeseen circumstances with our General Commercial Insurance. This insurance covers fire damages, public liability, burglary, loss of money and work injury compensation for your employees.

For uninterrupted and worry-free operations, you can minimise damages or losses caused by unforeseen circumstances with our General Commercial Insurance. This insurance covers fire damages, public liability, burglary, loss of money and work injury compensation for your employees.

Protect against keyman risk

The demise of your keyman can severely disrupt operations and your firm’s success. Our Corporate Life Insurance will insure against the loss of your key talent by providing you with a lump-sum payout with adequate liquidity to keep your business running.

The demise of your keyman can severely disrupt operations and your firm’s success. Our Corporate Life Insurance will insure against the loss of your key talent by providing you with a lump-sum payout with adequate liquidity to keep your business running.

From remote working to restrictive travel and an onslaught of new technologies, Business Services firms are digitalising their processes. According to the Ministry of Law and the Singapore Accountancy Commission, the goal by 2030 is to streamline manual and administrative processes by leveraging technology. Make life easier for clients and yourself by spending more time on consultations and less time on paperwork.

Help your business go digital with these solutions

Work smarter and faster with free e-Invoicing

Save time and cost by switching from manual paper invoices to our free e-Invoicing tool on OCBC Velocity. With it, you can create and send professional e-invoices to your clients, track their payment statuses and automatically reconcile them.

Save time and cost by switching from manual paper invoices to our free e-Invoicing tool on OCBC Velocity. With it, you can create and send professional e-invoices to your clients, track their payment statuses and automatically reconcile them.

Optimise tedious tasks with technology

Spending needless time on onboarding, payroll and appointment reminders? With the Start Digital pack, explore accounting and HR tools to save you time and boost overall productivity. This is ideal for your business when deadlines for filing documents, taxes and court papers are imperative.

Spending needless time on onboarding, payroll and appointment reminders? With the Start Digital pack, explore accounting and HR tools to save you time and boost overall productivity. This is ideal for your business when deadlines for filing documents, taxes and court papers are imperative.

Personalised support
Get access to our dedicated specialist team

Whether you are looking to start or expand your firm, our specialists are ready to help tackle the important topics such as setting up your business, managing day-to-day operations, financing and more.

Considering a merger and acquisition or regional expansion? Be it now or for the future, our specialists can provide customised and strategic advisory to facilitate your growth objectives. This includes helping to acquire another practice, merge with a larger company or leave to operate independently.

Our role in your journey

No matter the size or stage of your business, we can support you every step of the way.

Starting a business?

If you are starting your business for the first time, join us as an OCBC Business Banking customer by opening a business account. Or contact our digital specialist to help you get started on the right foot and to digitalise your business.

Open a business account
Growing your business?

Whether you are expanding your range of services or your footprint, we offer industry insights and solutions to help you grow and scale. Contact us and our Relationship Manager will be in touch.
Business Services Assessment

The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs. In the third quarter of 2021 (2Q 22), the Business Services industry remained expansionary at 52.8.

Find out more

Business Services

With the resumption of travel in 2Q 22, Business Services picked up its pace of expansion at 52.8.

Business Services picked up its pace of expansion at 52.8, with resumption of travels in 2Q 22.

Business Services picked up its pace of expansion at 52.8, with resumption of travels in 2Q 22.

Business Services picked up its pace of expansion at 52.8, with resumption of travels in 2Q 22.