Due to legacy operational procedures and business systems, many struggle to make the transition to adopt newer technologies to outpace disruption.
BEAM27 Apr, 2017
Kuala Lumpur, Malaysia — BEAM today announced that the company will begin proactively providing greater assistance to Brick and Mortar (SME/non-startup) companies in the area of fundraising and scalable technology solutions.
The mission is to drive greater value to many of these SME companies by allowing them to go digital, scale more effectively, and potentially offer greater investment opportunities to the masses.
"The economy is still very much driven by Brick and Mortar (SME) businesses. Unfortunately due to the legacy of many of their operational procedures and business systems, many of these companies are still struggling to make the transition to the digital space to scale more rapidly, resulting in many newer, heavily funded startup companies overtaking and disrupting them.
We believe that the assistance of technological services coupled with access to the right capital would greatly enable many of these businesses to scale regionally and potentially even globally. It's great for the business, great for investors, and great for the economy." - Mentioned Wallace Ho, COO of BEAM.
To enable more SME companies to effectively make the shift to the digital space, BEAM will focus on bridging the gap between them and technology partners who specialize in the following areas:
The focus will be towards providing a seamless transition for the SME companies to migrate their infrastructure to the digital space while not affecting their current operations too severely.
This move will also allow many of these companies to tap into the benefits of the new digital economy initiatives being introduced across Malaysia and many other countries.
In addition to technological support, BEAM believes that the potential injection of additional capital from the right partners could strategically boost the growth of SME companies while cushioning the cost of migration to the digital space.
BEAM will play an active role in providing fundraising assistance by creating greater awareness and opportunities for investors to participate in backing more of these SME companies. This will be achieved via active collaboration with partners from the following:
BEAM also believes that investment opportunities with SME companies may potentially be more attractive for conservative investors and regular folks/working professionals who prefer investing in post-revenue (dividend-yielding focused) companies instead of high growth (valuation-based) technology companies.
BEAM will begin focusing efforts towards existing post-revenue companies that have been operating for at least a year, and are seeking to expand and scale their business throughout the country and beyond.
Although sector agnostic, the company is paying special attention to businesses in the F&B, FMCG, ICT, Consumer Products, and Franchise-related areas.
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