<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=705389681562533&amp;ev=PageView&amp;noscript=1">
whatsappChat

RSM Stone Forest partners French Fintech firm Jenji to push digitalisation in SMEs in Singapore

FOR IMMEDIATE RELEASE      

SINGAPORE, 17 August 2021 - Home-grown business services group RSM Stone Forest and French fintech firm Jenji announced today they will be teaming up to help push digitalisation and transform small and medium-sized enterprises (SMEs) in Singapore.

Under the multi-year agreement, RSM Stone Forest will integrate Jenji’s AI-powered digital expense management solutions with its myriad of offerings to its wide reach and base of Singapore SMEs.

According to Jenji, RSM Stone Forest was selected for its rich experience in serving SMEs, and its strong payroll, IT and accounting domain knowledge and experience.  

A recent study on SMEs found that 72 percent of SMEs in Singapore have not yet digitalised, lagging far behind larger peers. It also showed that electronic payments and electronic invoicing were among the top five digitalisation priorities for SMEs, in line with a demand for cashless payments during the Covid-19 pandemic. In addition, two in five SMEs that implemented digitalisation initiatives in 2020 had stronger revenue growth than non-adopters, with those who digitalised their entire business or multiple areas outperforming those who digitalised only one area. Among non-adopters, six in 10 saw their 2020 net revenue decline from 2019.

Jenji’s AI-powered expense management platform analyses 100% of a company’s spend data regardless of purchase method or source system to identify financial waste and misuse across the organisation. The Jenji Global Expense Index revealed that home office expenses increased by 400% in terms of volume since the pandemic. The high volume is making it hard for employees and businesses to manage manually. The platform proactively and automatically detects any expense fraud, anomalies, and abnormal spending patterns, which helps companies to stay compliant and frees up employees’ time for increased productivity. By going paperless, companies can adopt an ecological, productive, and economical approach. Employees and managers can easily manage their business expenses with Jenji’s mobile app and web-app, putting in claims and approvals anytime, anywhere and while on-the-go. 

Vina Toh, Director of RSM Stone Forest's payroll division said: “We are pleased to integrate Jenji’s solutions with our PayDay! HRMS and help elevate SMEs to the next level. Besides the productivity gains, the digitalisation will also put SMEs in good stead to better appeal to an increasingly tech-savvy millennial workforce who will lean towards environmentally conscious firms and a paperless work environment.”

Lee Chee Leong, Head of APAC, Jenji, said: “We understand the economic impact of the COVID-19 pandemic, especially on SMEs. This partnership brings together a powerful combination of service excellence and technology innovations to help companies to eliminate fraudulent expenses, better manage their spending, and improve their overall profitability and the bottomline of their businesses.”

About RSM Stone Forest

RSM Stone Forest is a leading business services group providing advisory, services and solutions in accounting, payroll, IT, staffing and corporate secretarial. 

Its payroll services division is a leading provider of cloud-based and fully managed payroll / HR services and solutions. It is among the few providers licensed by the Monetary Association of Singapore (MAS) as a Major Payment Institution. Its attainment of the coveted OSPAR (Outsourced Service Provider Audit Report) attestation from the Association of Banks, Singapore, in addition to the SSAE 18 and ISAE 3402 certifications, underscores the firm’s commitment to quality, and assurance in client data and confidentiality meeting international risk control standards, enabling it to be the choice for both foreign and local businesses looking for professionalism of the highest standards.

For more information, go to www.RSMStoneForest.sg 

About Jenji

Jenji is one of the leaders in professional expense management and dematerialisation solutions for companies. It offers management solutions for expense reports, lump-sum indemnities, and professional expenses for medium and large companies.

Founded in 2015, it is headquartered in France with presence in Singapore, Germany, Switzerland, Romania, and Portugal. It is the first fintech company to independently raise European capitalisation with support from Eurazeo investment fund.

Jenji has reinvented expense management solutions by relying on Cloud and AI technologies while aiming for a simple, modern user interface accessible across devices, everywhere in the world. Thus, Finance departments have real-time and consistent data available that they can drill down into.This is possible thanks to automated financial analyzes that provide the control necessary for strategic and operational management.

Jenji has more than 1,000 mid-market customers and large accounts in all sectors of activity, such as MAN Truck & Bus, Matmut, the National Assembly or GRTgaz.

For more information, go to www.jenji.io 

RSM logo
Media Contact: RSM Stone Forest
Irene Yap
Director, BD and Marketing
(65) 6594 7813


JENJI logo
Media Contact: Fauzi Ahmad
Communications Strategist
FxM Strategies
(65) 8653 6514

Contact Us

 

Related Insights

Streamlining Your Non-Profit’s Operations: Payroll Challenge...

Platform Workers Act: Key Implementations and Impacts

Navigating Singapore’s Workplace Fairness Laws

IRAS Year-End Reporting: A Comprehensive Guide for Businesse...

Navigating the Transition from MEPS to DDA with PayrollServe

Recruitment Strategies to Attract and Retain Talent

Streamline Your Business Operations with Payroll Outsourcing

Navigating Flexible Work Arrangements In Singapapore: A Guid...

Can Dependant Pass (DP) holders work in Singapore? A guide t...

Understanding the COMPASS framework

Benefits of employee engagement

PayrollServe now in Malaysia

Problems of running payroll manually

[Malaysia] Tax rate changes 2021

Payroll Processing Cycle Step 2 - Information Cut-off

Amendments to the retirement and re-employment bill 2021

Payroll processing cycle - step 4 & 5: generate payroll ...

Wage Definition

Cloud Payroll Solutions: 3 key concerns for SMEs

6 non-negotiable terms HR must comply

Making the HR outsourcing decision

Benefits of payroll outsourcing for growing businesses

Cloud computing

Payroll processing cycle overview

Enhancements in marriage & parenthood package

Announcement: Change of direct debit deduction date

[Malaysia] Statutory rate for employee’s EPF share of contri...

Five reasons why companies outsource their payroll

PayrollServe and Mercer announce strategic partnership to su...

Hong Kong's Employment Ordinance 2021

Information Security Assurance for Financial Institutions th...

News Medisave and CPF Contribution Rates

Job Growth Incentives scheme

Changes in EP and S pass salary criteria

News Latest Statutory Updates Sept 2011 02

516 million dollars in CPF arrears recovered by the CPF boar...

Stiffer penalties for Non-Compliance among Employment Act am...

New scheme for companies to hire more S pass and work permit...

What you need to know about the existing Tech.Pass

Top 4 payroll trends followed by small businesses

Tapping into HR technology for greater productivity and cost...

What is SaaS payroll?

4 key things you must know about payroll operations in Malay...

Common HR pitfalls of small firms

Statutory Update of Work Pass (Effective 1 Sept 2022)

How is payroll outsourcing important to your business?

Payroll processing cycle step 3 - process payroll

Essential payroll compliance in Malaysia and its possible co...

MOM’s tightening of work pass requirements - what does this ...

Extension of the enhanced JSS support

HRM essentials for small, growing firms

Announcement: Extension of JSS for selected sectors, and S P...

Why outsourcing HR and payroll is a smart choice for busines...

CPF submissions using hardcopy forms for e-registered employ...

Is your business compliant with the General Data Protection ...

Adjustments for enhanced JSS From 27 September 2021 to 24 Oc...

Foreign worker levy waiver and rebate extended for construct...

Payroll processing cycle - step 1: collecting information

Building a more inclusive and unbiased workforce

International Businesses can hire foreigners with these Work...

Work Pass required for dependants seeking work

[Malaysia] Statutory updates on new amendments to the first ...

Update on progressive wage model for retail workers

What is human resource & payroll administration?

Payrollserve’s Appointment as Approved HR Service Provider O...

PayrollServe is now abs OSPAR-Certified to serve Financial I...

Singapore Budget - Jobs Credit Scheme

Payroll processing cycle - step 6: processing salary credit ...

Benefits of Effective Human Resource Management (HRM)

Key changes to Employment Act (with effect from 1 April 2019...

How SMEs may cope with increasing complexity in payroll proc...

Extension of Jobs Growth Incentive (JGI) scheme to March 202...

Extension of Job Growth Incentive scheme

Statutory updates under Malaysia Budget 2022

MOM announces points based assessment framework for EP candi...

[Malaysia] PayrollServe Malaysia latest statutory developmen...

Budget 2020 – HR & payroll-centric updates

S pass salary criteria (with effect from 1 January 2019)

Strategic importance of Human Resource management to busines...

Why should companies outsource payroll activities?

Contract of Service

PayDay! SaaS vs manual payroll calculation

Submission of employment income for YA 2023 via AIS Applicat...

New progression wage model for waste management workers

Streamlining Your Non-Profit’s Operations: Payroll Challenge...

Platform Workers Act: Key Implementations and Impacts

Navigating Singapore’s Workplace Fairness Laws

IRAS Year-End Reporting: A Comprehensive Guide for Businesse...

Navigating the Transition from MEPS to DDA with PayrollServe

Recruitment Strategies to Attract and Retain Talent

Streamline Your Business Operations with Payroll Outsourcing

Navigating Flexible Work Arrangements In Singapapore: A Guid...

Can Dependant Pass (DP) holders work in Singapore? A guide t...

Understanding the COMPASS framework

Benefits of employee engagement

PayrollServe now in Malaysia

Problems of running payroll manually

[Malaysia] Tax rate changes 2021

Payroll Processing Cycle Step 2 - Information Cut-off

Amendments to the retirement and re-employment bill 2021

Payroll processing cycle - step 4 & 5: generate payroll ...

Wage Definition

Cloud Payroll Solutions: 3 key concerns for SMEs

6 non-negotiable terms HR must comply

Making the HR outsourcing decision

Benefits of payroll outsourcing for growing businesses

Cloud computing

Payroll processing cycle overview

Enhancements in marriage & parenthood package

Announcement: Change of direct debit deduction date

[Malaysia] Statutory rate for employee’s EPF share of contri...

Five reasons why companies outsource their payroll

PayrollServe and Mercer announce strategic partnership to su...

Hong Kong's Employment Ordinance 2021

Information Security Assurance for Financial Institutions th...

News Medisave and CPF Contribution Rates

Job Growth Incentives scheme

Changes in EP and S pass salary criteria

News Latest Statutory Updates Sept 2011 02

516 million dollars in CPF arrears recovered by the CPF boar...

Stiffer penalties for Non-Compliance among Employment Act am...

New scheme for companies to hire more S pass and work permit...

What you need to know about the existing Tech.Pass

Top 4 payroll trends followed by small businesses

Tapping into HR technology for greater productivity and cost...

What is SaaS payroll?

4 key things you must know about payroll operations in Malay...

Common HR pitfalls of small firms

Statutory Update of Work Pass (Effective 1 Sept 2022)

How is payroll outsourcing important to your business?

Payroll processing cycle step 3 - process payroll

Essential payroll compliance in Malaysia and its possible co...

MOM’s tightening of work pass requirements - what does this ...

Extension of the enhanced JSS support

HRM essentials for small, growing firms

Announcement: Extension of JSS for selected sectors, and S P...

Why outsourcing HR and payroll is a smart choice for busines...

CPF submissions using hardcopy forms for e-registered employ...

Is your business compliant with the General Data Protection ...

Adjustments for enhanced JSS From 27 September 2021 to 24 Oc...

Foreign worker levy waiver and rebate extended for construct...

Payroll processing cycle - step 1: collecting information

Building a more inclusive and unbiased workforce

International Businesses can hire foreigners with these Work...

Work Pass required for dependants seeking work

[Malaysia] Statutory updates on new amendments to the first ...

Update on progressive wage model for retail workers

What is human resource & payroll administration?

Payrollserve’s Appointment as Approved HR Service Provider O...

PayrollServe is now abs OSPAR-Certified to serve Financial I...

Singapore Budget - Jobs Credit Scheme

Payroll processing cycle - step 6: processing salary credit ...

Benefits of Effective Human Resource Management (HRM)

Key changes to Employment Act (with effect from 1 April 2019...

How SMEs may cope with increasing complexity in payroll proc...

Extension of Jobs Growth Incentive (JGI) scheme to March 202...

Extension of Job Growth Incentive scheme

Statutory updates under Malaysia Budget 2022

MOM announces points based assessment framework for EP candi...

[Malaysia] PayrollServe Malaysia latest statutory developmen...

Budget 2020 – HR & payroll-centric updates

S pass salary criteria (with effect from 1 January 2019)

Strategic importance of Human Resource management to busines...

Why should companies outsource payroll activities?

Contract of Service

PayDay! SaaS vs manual payroll calculation

Submission of employment income for YA 2023 via AIS Applicat...

New progression wage model for waste management workers