The event delegates in attendance had enough room for creative insight and network gathering in the fourth installment of the awards.
Singapore Business Review recognised extraordinary companies and their noteworthy solutions at the fourth Asian Business Case Studies Awards 2019 held at Sheraton Towers Singapore on 9 July.
The winning innovators this year presented their remarkable case studies which have added value to clients' operations and made a mark in their respective industries.
Winners were chosen based on uniqueness & innovation, effectiveness & impact, dynamism, and client feedback.
Singapore Business Review congratulates the following awardees:
Adventus Singapore Pte Ltd broke the ice for this year’s awards ceremony as it snagged the IT Services Case Study of the Year. The ICT solutions provider implemented a plan to upgrade the physical servers of property developer Soilbuild to cut down on costs and provide high availability. As part of the plan, 65% of the servers were migrated using virtualisation technology, and 35% were reused for the backup infrastructure project which did not require additional purchases thanks to this intelligent solution by Adventus.
Bestinet Sdn Bhd took home the Technology Case Study of the Year for developing Malaysia’s Foreign Worker Centralised Management System (FWCMS), which was designed to speed up the migrant worker recruitment process. This platform greatly reduces the need for manual checks and paper documents as everything is integrated on a single platform, where governments from countries sending and receiving labour and migrant workers can monitor the process in real time.
In the fintech space, CoAssets Pte Ltd clinched the Financial Technology Case Study of the Year for its online platform which enables average investors to place bets on high-yielding projects for as low as $5,000. Licensed and regulated by the Monetary Authority of Singapore, this debt-based investment platform performed well in 2018, with numbers recording a 9.91% weighted annual rate of return, as well as 0% default rate. Singapore’s CoAssets Pte Ltd looks to grow its 60,000-strong investor base as its principal company (CoAssets Limited; ASX: CA8) looks to bring the platform’s framework and success to neighbouring China and Hong Kong.
Known for the iconic Mercedes-Benz, Daimler Financial Services Africa & Asia Ltd, together with Mercedes-Benz Financial Services Singapore (MBFS), won the Financial Services Case Study of the Year with the launch of its eContracting project for car financing and leasing. This digital solution covers the entire contract process. Clients can check finance eligibility and apply for a loan online. Once approved, they can walk into the dealership, present their approved credit application, verify and adjust the terms before digitally signing and receive the e-contract within minutes. Thanks to a project which took 24 weeks to develop, every authorised dealer of Mercedes Benz in Singapore is now equipped with eContracting.
Last but definitely not the least was Festo Southeast Asia’s case study which won the Industrial Automation Case Study of the Year for a solution that covered both the business and training side and digitalised the manufacturing facility of Vietnamese carmaker VinFast. German automation specialist Festo led the competency upskilling of the carmaker’s staff to make them ready for Industry 4.0 by providing not only training equipment but also lab designing and training for VinFast trainers. In Vietnam’s relatively untapped market, the company expects to realise the growth potential of the automotive industry, with offices in Hanoi and Ho Chi Minh and an expanded regional logistics centre opened in 2017.
Read the full case studies here:
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