With robotics, artificial intelligence (AI) and the Internet of Things (IoT) rapidly transforming the manufacturing industry, it has become essential for businesses to keep pace with technological advancements or risk falling behind. On top of embracing innovation, building agility in response to market demands while maintaining a healthy cash flow can prove to be equally challenging.
Whether you are in the business of manufacturing everyday items such as garments or household goods or engaging in specialised industrial services such as recycling or energy generation, let us help engineer your success with our assembly line of solutions in this digital era.
Manage your business finances with the OCBC Business Account. From getting an up-to-date picture of your cash flow to reconciling payments and collections, you can access your account 24/7 on desktop and mobile with our award-winning digital business banking platform, OCBC Velocity and OCBC Business app.
Manage your business finances with the OCBC Business Account. From getting an up-to-date picture of your cash flow to reconciling payments and collections, you can access your account 24/7 on desktop and mobile with our award-winning digital business banking platform, OCBC Velocity and OCBC Business app.
Adopt multiple ways to pay your overseas suppliers on time. Protect yourself from currency fluctuations and lock in your preferred exchange rates for overseas transactions with FX Online. Make regular payments via International Automated Clearing House (IACH) or urgent ones using Telegraphic Transfer at a flat fee of US$30 with a Multi-Currency Account.
Adopt multiple ways to pay your overseas suppliers on time. Protect yourself from currency fluctuations and lock in your preferred exchange rates for overseas transactions with FX Online. Make regular payments via International Automated Clearing House (IACH) or urgent ones using Telegraphic Transfer at a flat fee of US$30 with a Multi-Currency Account.
Go digital and receive payments digitally via bank transfers through GIRO or FAST. If speed is key, PayNow Corporate lets you send or receive funds instantly using your UEN or QR code. You will no longer need to share bank account numbers.
Go digital and receive payments digitally via bank transfers through GIRO or FAST. If speed is key, PayNow Corporate lets you send or receive funds instantly using your UEN or QR code. You will no longer need to share bank account numbers.
Save time and cost by switching from manual paper invoices to our free e-Invoicing tool on OCBC Velocity. It allows you to create and send professional e-invoices to your clients, track their payment statuses and automatically reconcile them.
Spending too much time managing your finances? Need to give your sales an advertising boost? Our Start Digital pack lets you explore digital accounting and HR tools to save time and boost overall productivity.
Fund working capital gaps and seize business growth plans at the right time with financing. Tap into equipment loans to support your fixed asset purchases as you renew or expand manufacturing lines. This gives you the flexibility to navigate temporary or potential cash flow shortfalls.
Convert unpaid invoices into cash within 1 working day and get the funding you need to purchase materials, machinery and equipment. Borrow and pay for only what you use for 30 days at only 0.6% per month.
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.
Losing key person(s) can severely disrupt operations and impact your bottom line. Our Corporate Life Insurance insures against losing your core talent by providing a lump sum payout with adequate liquidity to keep your business running smoothly.
With our expertise in working with manufacturing companies, we can help your business thrive as you explore regional expansion or merger and acquisition endeavours - be it now or in the future.
Take advantage of our network spanning Malaysia, China, Indonesia, Thailand and Vietnam – and let our specialists provide customised and strategic advisory to facilitate your growth objectives.
The manufacturing industry can play a vital role in mitigating environmental impact and contributing to a net-zero transition by investing in energy-efficient machinery, adopting renewable energy sources such as solar power, or optimising processes to minimise waste generation.
Regardless of your business’ sector, our innovative sustainable solutions can help you gain a competitive edge and capture new opportunities in this green economy.
No matter the size or stage of your business, we can support you from the ground up, every step of the way.
If you are a first-time business owner, 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 digitalise your business.
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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.
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Discover the 2023 Q2 edition of the SME Index. It will help you identify where you stand within your industry value chain and understand the performance of your industry. Be nimble in spotting industry changes and trends.
Manufacturing contracted slightly in 2Q 2023 with a reading of 49.3, attributed to the softening of global demand. Overseas collections fell by 9.8% on-year, dampening overall collections in the sector.
Manufacturing contracted slightly in 2Q 2023 with a reading of 49.3, attributed to the softening of global demand. Overseas collections fell by 9.8% on-year, dampening overall collections in the sector.
Manufacturing contracted slightly in 2Q 2023 with a reading of 49.3, attributed to the softening of global demand. Overseas collections fell by 9.8% on-year, dampening overall collections in the sector.
Manufacturing contracted slightly in 2Q 2023 with a reading of 49.3, attributed to the softening of global demand. Overseas collections fell by 9.8% on-year, dampening overall collections in the sector.
Manufacturing contracted slightly in 2Q 2023 with a reading of 49.3, attributed to the softening of global demand. Overseas collections fell by 9.8% on-year, dampening overall collections in the sector.
