[{"data":1,"prerenderedAt":2222},["ShallowReactive",2],{"cms-ui-strings":3,"cms-site-settings":134,"cms-navigation":284,"cms-blog-post-template":1064,"cms-blog-post-latest":1124,"sanity-OFgDNgP-VW5gBLiKDKeAVbwuN8TXhv6TAG57bUAHcFI":1163},{"_createdAt":4,"_id":5,"_rev":6,"_type":7,"_updatedAt":8,"allProvidersLabel":9,"announcementDismissLabel":10,"backToBlogLabel":11,"backToCaseStudiesLabel":12,"backToDownloadsLabel":13,"backToPartnerCaseStudiesLabel":14,"blogFaqLabel":15,"blogSearchPlaceholder":16,"blogSourcesLabel":17,"blogSummaryLabel":18,"brandHomeLabel":19,"breadcrumbBlogLabel":20,"breadcrumbCompareLabel":21,"breadcrumbHomeLabel":22,"breadcrumbNavigationLabel":23,"caseStudiesLabel":24,"caseStudyApproachLabel":25,"caseStudyBeforeAndAfterSectionLabel":26,"caseStudyChallengeLabel":27,"caseStudyClientLabel":28,"caseStudyCompanyInfoSectionLabel":29,"caseStudyCompanySizeLabel":30,"caseStudyCountryLabel":31,"caseStudyFocusLabel":32,"caseStudyFoundedLabel":33,"caseStudyFounderLabel":34,"caseStudyIndustryLabel":35,"caseStudySavePerYearSectionLabel":36,"caseStudySearchPlaceholder":16,"caseStudyWebsiteLabel":37,"comingSoonLabel":38,"copyLinkLabel":39,"dataProtectionLabel":40,"downloadButtonLabel":41,"downloadSearchPlaceholder":16,"downloadsLabel":42,"emailPlaceholder":43,"errorPageBody":44,"errorPageBusinessAccountLabel":45,"errorPageCorporateCardLabel":46,"errorPageDestinationsHeading":47,"errorPageExpenseManagementLabel":48,"errorPageGlobalPaymentsLabel":49,"errorPageHeading":50,"errorPageHelpCentreLabel":51,"errorPageHomeLabel":52,"errorPageSupportBody":53,"errorPageSupportHeading":54,"errorPageSupportLinkLabel":55,"errorPageYieldLabel":56,"formErrorMessage":57,"formInvalidEmailMessage":58,"formInvalidPhoneMessage":59,"formInvalidUrlMessage":60,"formRequiredFieldMessage":61,"formSubmitLabel":62,"formSuccessMessage":63,"fxCurrencySearchPlaceholder":64,"fxNoConversionLabel":65,"fxNoFeeLabel":66,"fxQuoteErrorMessage":67,"fxSourceCurrencySelectorLabel":68,"fxTargetCurrencySelectorLabel":69,"goToSlideLabel":70,"includedLabel":71,"languageHeading":72,"latestArticlesLabel":73,"launchpadBusinessLocationLabel":74,"launchpadCompanySizeLabel":75,"launchpadFoundedLabel":76,"launchpadGateDismissLabel":77,"launchpadHeadquarterLabel":78,"launchpadIndustryLabel":35,"learnMoreLabel":79,"legalEffectiveFromLabel":80,"legalLastUpdatedLabel":81,"loadMoreLabel":82,"mainNavigationLabel":83,"market":84,"marketNames":85,"mostPopularLabel":101,"nextSlideLabel":102,"notIncludedLabel":103,"openAccountLabel":104,"optionsLabel":105,"partnerCaseStudiesLabel":106,"previousSlideLabel":107,"pricingFirstPlanFeaturesLabel":108,"pricingUpgradePlanFeaturesLabel":109,"ratingLabel":110,"readCaseStudyLabel":111,"readingTimeLabel":112,"recommendedLabel":113,"regionHeading":114,"regionSelectorLabel":115,"rewardExpandLabel":116,"rewardSearchPlaceholder":16,"savedPerYearLabel":117,"shareOnFacebookLabel":118,"shareOnLinkedinLabel":119,"shareOnXLabel":120,"sharePostLabel":121,"supportedByLabel":122,"tableOfContentsLabel":123,"titleBrandSuffix":124,"toggleMenuLabel":125,"vcAmbassadorInvitationLabel":126,"videoMuteLabel":127,"videoPauseLabel":128,"videoPlayLabel":129,"videoSeekLabel":130,"videoSoundPrompt":131,"videoUnmuteLabel":132,"viewAllCategoriesLabel":133,"viewAllProductsLabel":133},"2026-07-29T13:25:51Z","uiStrings-SG","MmHbXlH1BZkVyZmjxBeJBS","uiStrings","2026-09-25T05:24:47Z","All","Dismiss announcement","Back to Blog","Back to Customer Stories","Back to downloads","Back to Partner Stories","Frequently Asked Questions","Search","Sources","Summary","Aspire home","Blog","Compare","Home","Breadcrumb","Customer Stories","After Aspire","Before and after Aspire","Before Aspire","Company","Company info","Company size","Country","Case study focus","Founded","Founder","Industry","Save per year","Website","Coming soon","Copy link","If you wish to discuss data protection matters, please contact our Data Protection Officer at","Download now","Downloads","Enter your work email","The page you're looking for doesn't exist or has moved. Let's get you back on track.","Business accounts","Corporate cards","Popular destinations","Expense management","FX and payments","Page not found","Help centre","Back to homepage","Explore our Help Centre for detailed guides, step-by-step instructions, and more support topics.","Not finding what you need?","Go to Help Centre","Yield","Oops! Something went wrong while submitting the form.","Email must be formatted correctly.","Please enter a valid phone number.","Please enter a valid website address.","Please complete this required field.","Get started","Thank you! Your submission has been received!","Search by currency, country or code","No conversion","No fee","We could not get a rate just now. Please try again.","Choose the currency you send","Choose the currency the recipient gets","Go to slide {index}","Included","Language","Latest articles","Business locations","Company Size","Founded in","Close","Headquarter","Learn more","Effective from","Last updated","Load more","Main navigation","SG",[86,89,92,95,98],{"_key":84,"_type":87,"label":88,"market":84},"marketName","Singapore",{"_key":90,"_type":87,"label":91,"market":90},"US","United States",{"_key":93,"_type":87,"label":94,"market":93},"AU","Australia",{"_key":96,"_type":87,"label":97,"market":96},"HK","Hong Kong",{"_key":99,"_type":87,"label":100,"market":99},"NL","Netherlands","Most popular","Next","Not included","Open an Account","Options","Partner Stories","Previous","What you get","Everything in {planName}, plus","{rating} out of {max} stars","Read the case study","{minutes}min read","Recommended","Region","Change country\u002Fregion","More","Saved per year","Share on Facebook","Share on LinkedIn","Share on X","Share this post","Supported by","Table of contents","Aspire Singapore","Toggle menu","An exclusive invitation from {name}","Mute","Pause","Play","Seek","Click for sound","Unmute","View all",{"_createdAt":135,"_id":136,"_rev":137,"_type":138,"_updatedAt":139,"announcementBar":140,"baseUrl":147,"defaultSeo":148,"defaultSocialShareImageUrl":153,"footer":159,"footerLegalParagraphsRich":235,"market":84,"mobileApp":276,"siteName":282,"studioVersion":283},"2026-07-23T11:30:06Z","siteSettings-SG","MmHbXlH1BZkVyZmjxHk0Tp","siteSettings","2026-09-28T08:29:52Z",{"enabled":141,"link":142,"text":146},true,{"_type":143,"externalUrl":144,"label":79,"linkType":145},"link","\u002Fcashback","external","🔥 New: Earn 1.2% unlimited cashback on all corporate card spend.","https:\u002F\u002Faspireapp.com",{"_type":149,"metaDescription":150,"metaTitle":151,"noIndex":152},"seo","Multi-currency, multi-market, multi-time zone — Aspire does business like you do. Business accounts, corporate cards, FX, and expense management for 50,000+ businesses.","Aspire — The finance stack for global businesses",false,{"_type":154,"alternativeText":155,"height":156,"url":157,"width":158},"imageUrl","Aspire — the finance stack for global businesses",706,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fd1347741472288c47075d1ef60cdcf1d\u002F6a0172ace415cdbc01e0932d_home-01-p-1600.webp",1600,{"copyright":160,"dataProtectionEmail":161,"legalParagraphs":162,"legalParagraphsRich":167},"© 2026 Aspire FT Pte Ltd. All rights reserved.","singapore-dpo@aspireapp.com",[163,164,165,166],"Aspire FT Pte. Ltd. (\"Aspire\") has been granted a temporary exemption from holding a license under the Payment Services Act 2019 (as amended, \"PS Act\") for the provision of Account Issuance Service, Domestic Money Transfer Service, and E-money Issuance Service for a specified period. The exemption can be confirmed on the MAS website here.","Aspire has also been granted a temporary exemption from holding a license under the PS Act for a specified period for the provision of specified cross-border money transfer service caught under the expanded scope of the regulated activities. The expanded scope of regulated activities relates only to arranging for the transmission of money from any country or territory to another country or territory, where monies are not accepted or received in Singapore. The exemption can be confirmed on the MAS website here.","Aspire is not licensed, nor exempt, to provide cross-border money transfer service beyond the expanded scope described above, and consequently, this service is provided only by MAS licensed entities partnering with Aspire (\"Partners\"), subject to their own terms and conditions. All Aspire and Partners terms and conditions can be found here.","Yield is being provided by AFT SG 2 Pte Ltd (AFT) in Singapore. AFT is licensed under the Securities and Futures Act in respect of dealing in capital markets products (collective investment schemes) and providing custodial services.",[168,191,208,228],{"_key":169,"_type":170,"children":171,"markDefs":186,"style":190},"legal-0","block",[172,177,182],{"_key":173,"_type":174,"marks":175,"text":176},"legal-0-lead","span",[],"Aspire FT Pte. Ltd. (\"Aspire\") has been granted a temporary exemption from holding a license under the Payment Services Act 2019 (as amended, \"PS Act\") for the provision of Account Issuance Service, Domestic Money Transfer Service, and E-money Issuance Service for a specified period. The exemption can be confirmed on the MAS website ",{"_key":178,"_type":174,"marks":179,"text":181},"legal-0-link",[180],"link-0","here",{"_key":183,"_type":174,"marks":184,"text":185},"legal-0-tail",[],".",[187],{"_key":180,"_type":188,"externalUrl":189,"linkType":145},"linkAnnotation","https:\u002F\u002Fwww.mas.gov.sg\u002Fregulation\u002Fpayments\u002Fentities-that-have-notified-mas-pursuant-to-the-ps-esp-r","normal",{"_key":192,"_type":170,"children":193,"markDefs":205,"style":190},"legal-1",[194,198,202],{"_key":195,"_type":174,"marks":196,"text":197},"legal-1-lead",[],"Aspire has also been granted a temporary exemption from holding a license under the PS Act for a specified period for the provision of specified cross-border money transfer service caught under the expanded scope of the regulated activities. The expanded scope of regulated activities relates only to arranging for the transmission of money from any country or territory to another country or territory, where monies are not accepted or received in Singapore. The exemption can be confirmed on the MAS website ",{"_key":199,"_type":174,"marks":200,"text":181},"legal-1-link",[201],"link-1",{"_key":203,"_type":174,"marks":204,"text":185},"legal-1-tail",[],[206],{"_key":201,"_type":188,"externalUrl":207,"linkType":145},"https:\u002F\u002Fwww.mas.gov.sg\u002Fregulation\u002Fpayments\u002Fentities-that-have-notified-mas-pursuant-to-ps-amend-act-2021-stpr",{"_key":209,"_type":170,"children":210,"markDefs":222,"style":190},"legal-2",[211,215,219],{"_key":212,"_type":174,"marks":213,"text":214},"legal-2-lead",[],"Aspire is not licensed, nor exempt, to provide cross-border money transfer service beyond the expanded scope described above, and consequently, this service is provided only by MAS licensed entities partnering with Aspire (\"Partners\"), subject to their own terms and conditions. All Aspire and Partners terms and conditions can be found ",{"_key":216,"_type":174,"marks":217,"text":181},"legal-2-link",[218],"link-2",{"_key":220,"_type":174,"marks":221,"text":185},"legal-2-tail",[],[223],{"_key":218,"_type":188,"internal":224,"linkType":227},{"_ref":225,"_type":226},"legalPage-SG-675927ebdab2bcd62c4742b8","reference","internal",{"_key":229,"_type":170,"children":230,"markDefs":234,"style":190},"legal-3",[231],{"_key":232,"_type":174,"marks":233,"text":166},"legal-3-text",[],[],[236,247,257,271],{"_key":169,"_type":170,"children":237,"markDefs":244,"style":190},[238,240,242],{"_key":173,"_type":174,"marks":239,"text":176},[],{"_key":178,"_type":174,"marks":241,"text":181},[180],{"_key":183,"_type":174,"marks":243,"text":185},[],[245],{"_key":180,"_type":188,"externalUrl":189,"internalTarget":246,"linkType":145},null,{"_key":192,"_type":170,"children":248,"markDefs":255,"style":190},[249,251,253],{"_key":195,"_type":174,"marks":250,"text":197},[],{"_key":199,"_type":174,"marks":252,"text":181},[201],{"_key":203,"_type":174,"marks":254,"text":185},[],[256],{"_key":201,"_type":188,"externalUrl":207,"internalTarget":246,"linkType":145},{"_key":209,"_type":170,"children":258,"markDefs":265,"style":190},[259,261,263],{"_key":212,"_type":174,"marks":260,"text":214},[],{"_key":216,"_type":174,"marks":262,"text":181},[218],{"_key":220,"_type":174,"marks":264,"text":185},[],[266],{"_key":218,"_type":188,"internal":267,"internalTarget":268,"linkType":227},{"_ref":225,"_type":226},{"_type":269,"slug":270},"legalPage","master-service-agreement",{"_key":229,"_type":170,"children":272,"markDefs":275,"style":190},[273],{"_key":232,"_type":174,"marks":274,"text":166},[],[],{"rating":277},{"count":278,"source":279,"sourceUrl":280,"value":281},122,"App Store","https:\u002F\u002Fapps.apple.com\u002Fsg\u002Fapp\u002Faspire-business-account-card\u002Fid1514566206",4.5,"Aspire","2026.10.1",{"_createdAt":285,"_id":286,"_rev":287,"_type":288,"_updatedAt":289,"footerGroups":290,"getStartedLink":662,"header":664,"loginLink":687,"market":84,"megaMenu":688},"2026-07-23T11:30:05Z","navigation-SG","xvArOttZSiiQLe4fJqKyas","navigation","2026-10-01T08:14:51Z",[291,331,363,423,513,555,614,639],{"_key":292,"_type":293,"links":294,"title":330},"footer-products","footerGroup",[295,303,309,316,323],{"_key":296,"_type":143,"internal":297,"internalTarget":299,"label":302,"linkType":227},"fp-1",{"_ref":298,"_type":226},"page-SG-business-account",{"_type":300,"slug":301},"page","business-account","Business Account",{"_key":304,"_type":143,"internal":305,"internalTarget":307,"label":56,"linkType":227},"fp-2",{"_ref":306,"_type":226},"page-SG-yield",{"_type":300,"slug":308},"yield",{"_key":310,"_type":143,"internal":311,"internalTarget":313,"label":315,"linkType":227},"fp-3",{"_ref":312,"_type":226},"page-SG-expense-management",{"_type":300,"slug":314},"expense-management","Expense Management",{"_key":317,"_type":143,"internal":318,"internalTarget":320,"label":322,"linkType":227},"fp-4",{"_ref":319,"_type":226},"page-SG-corporate-card",{"_type":300,"slug":321},"corporate-card","Corporate Card",{"_key":324,"_type":143,"internal":325,"internalTarget":327,"label":329,"linkType":227},"fp-5",{"_ref":326,"_type":226},"page-SG-global-payments",{"_type":300,"slug":328},"global-payments","Global Payments","Products",{"_key":332,"_type":293,"links":333,"title":362},"footer-features",[334,341,348,355],{"_key":335,"_type":143,"internal":336,"internalTarget":338,"label":340,"linkType":227},"ff-2",{"_ref":337,"_type":226},"page-SG-bill-pay",{"_type":300,"slug":339},"bill-pay","Pay Bills",{"_key":342,"_type":143,"internal":343,"internalTarget":345,"label":347,"linkType":227},"ff-3",{"_ref":344,"_type":226},"page-SG-integrations",{"_type":300,"slug":346},"integrations","Automate Accounting",{"_key":349,"_type":143,"internal":350,"internalTarget":352,"label":354,"linkType":227},"ff-5",{"_ref":351,"_type":226},"page-SG-budgets",{"_type":300,"slug":353},"budgets","Budgets",{"_key":356,"_type":143,"internal":357,"internalTarget":359,"label":361,"linkType":227},"ff-8",{"_ref":358,"_type":226},"page-SG-invoice-management",{"_type":300,"slug":360},"invoice-management","Invoice Management","Features",{"_key":364,"_type":293,"links":365,"title":21},"footer-compare",[366,374,381,388,395,402,409,416],{"_key":367,"_type":143,"internal":368,"internalTarget":370,"label":373,"linkType":227},"fc-1",{"_ref":369,"_type":226},"comparison-SG-6a48c2ca930b76bea46e6992",{"_type":371,"slug":372},"comparison","aspire-vs-airwallex","Aspire vs Airwallex",{"_key":375,"_type":143,"internal":376,"internalTarget":378,"label":380,"linkType":227},"fc-2",{"_ref":377,"_type":226},"comparison-SG-6a48c2bc5c255cd6f776f619",{"_type":371,"slug":379},"aspire-vs-anext","Aspire vs ANEXT",{"_key":382,"_type":143,"internal":383,"internalTarget":385,"label":387,"linkType":227},"fc-3",{"_ref":384,"_type":226},"comparison-SG-aspire-vs-traditional-banks",{"_type":371,"slug":386},"aspire-vs-traditional-banks","Aspire vs Banks",{"_key":389,"_type":143,"internal":390,"internalTarget":392,"label":394,"linkType":227},"fc-4",{"_ref":391,"_type":226},"comparison-SG-6a48c2c27b53afca3f2e5281",{"_type":371,"slug":393},"aspire-business-account-vs-ocbc-business-growth-account-singapore","Aspire vs OCBC",{"_key":396,"_type":143,"internal":397,"internalTarget":399,"label":401,"linkType":227},"fc-5",{"_ref":398,"_type":226},"comparison-SG-6a48c2cef9911194b9b6fd08",{"_type":371,"slug":400},"aspire-vs-revolut","Aspire vs Revolut",{"_key":403,"_type":143,"internal":404,"internalTarget":406,"label":408,"linkType":227},"fc-6",{"_ref":405,"_type":226},"comparison-SG-6a48c2cbf9911194b9b6faa4",{"_type":371,"slug":407},"aspire-vs-wise","Aspire vs Wise",{"_key":410,"_type":143,"internal":411,"internalTarget":413,"label":415,"linkType":227},"fc-7",{"_ref":412,"_type":226},"comparison-SG-6a48c2ccb2f9af9cc29e7ec5",{"_type":371,"slug":414},"aspire-vs-youbiz","Aspire vs Youbiz",{"_key":417,"_type":143,"internal":418,"internalTarget":420,"label":422,"linkType":227},"fc-8",{"_ref":419,"_type":226},"comparison-SG-aspire-yield-vs-others",{"_type":371,"slug":421},"aspire-yield-vs-others","Aspire Yield vs Others",{"_key":424,"_type":293,"links":425,"title":512},"footer-business-tools",[426,433,440,447,454,458,462,469,476,484,491,498,505],{"_key":427,"_type":143,"internal":428,"internalTarget":430,"label":432,"linkType":227},"fr-7",{"_ref":429,"_type":226},"page-SG-calculator-amazon-seller-fees-calculator",{"_type":300,"slug":431},"calculator\u002Famazon-seller-fees-calculator","Amazon Fee Calculator",{"_key":434,"_type":143,"internal":435,"internalTarget":437,"label":439,"linkType":227},"fr-8",{"_ref":436,"_type":226},"page-SG-investor-list-south-east-asia",{"_type":300,"slug":438},"investor-list-south-east-asia","Investor Database",{"_key":441,"_type":143,"internal":442,"internalTarget":444,"label":446,"linkType":227},"fr-9",{"_ref":443,"_type":226},"page-SG-calculator-spend-management-calculator",{"_type":300,"slug":445},"calculator\u002Fspend-management-calculator","Spend Calculator",{"_key":448,"_type":143,"internal":449,"internalTarget":451,"label":453,"linkType":227},"fr-10",{"_ref":450,"_type":226},"page-SG-ssic-code-checker",{"_type":300,"slug":452},"ssic-code-checker","SSIC Code Lookup",{"_key":455,"_type":143,"externalUrl":456,"internalTarget":246,"label":457,"linkType":145},"fr-11","https:\u002F\u002Faspireapp.com\u002Fswift-code-checker","SWIFT Code Checker",{"_key":459,"_type":143,"externalUrl":460,"internalTarget":246,"label":461,"linkType":145},"fr-12","https:\u002F\u002Faspireapp.com\u002Fsme-grant-checker","Grant eligibility checker",{"_key":463,"_type":143,"internal":464,"internalTarget":466,"label":468,"linkType":227},"fr-13",{"_ref":465,"_type":226},"page-SG-calculator-business-loan-calculator-singapore",{"_type":300,"slug":467},"calculator\u002Fbusiness-loan-calculator-singapore","Business Loan Calculator",{"_key":470,"_type":143,"internal":471,"internalTarget":473,"label":475,"linkType":227},"fr-14",{"_ref":472,"_type":226},"page-SG-calculator-margin-calculator",{"_type":300,"slug":474},"calculator\u002Fmargin-calculator","Margin Calculator",{"_key":477,"_type":143,"internal":478,"internalTarget":480,"label":483,"linkType":227},"fr-15",{"_ref":479,"_type":226},"blogPost-SG-694eb114840789269183314e",{"_type":481,"slug":482},"blogPost","understanding-burn-rate","Burn Rate Calculator",{"_key":485,"_type":143,"internal":486,"internalTarget":488,"label":490,"linkType":227},"fbt-1",{"_ref":487,"_type":226},"page-SG-employer-cpf-contribution-calculator",{"_type":300,"slug":489},"employer-cpf-contribution-calculator","CPF Contribution Calculator",{"_key":492,"_type":143,"internal":493,"internalTarget":495,"label":497,"linkType":227},"fbt-2",{"_ref":494,"_type":226},"page-SG-gst-calculator-singapore",{"_type":300,"slug":496},"gst-calculator-singapore","Singapore GST Calculator",{"_key":499,"_type":143,"internal":500,"internalTarget":502,"label":504,"linkType":227},"fbt-3",{"_ref":501,"_type":226},"page-SG-business-budget-calculator",{"_type":300,"slug":503},"business-budget-calculator","Business Budget Calculator",{"_key":506,"_type":143,"internal":507,"internalTarget":509,"label":511,"linkType":227},"fbt-4",{"_ref":508,"_type":226},"page-SG-invoice-generator",{"_type":300,"slug":510},"invoice-generator","Invoice Generator","Business tools",{"_key":514,"_type":293,"links":515,"title":554},"footer-resources",[516,522,529,536,543,550],{"_key":517,"_type":143,"internal":518,"internalTarget":520,"label":20,"linkType":227},"fr-1",{"_ref":519,"_type":226},"page-SG-blog",{"_type":300,"slug":521},"blog",{"_key":523,"_type":143,"internal":524,"internalTarget":526,"label":528,"linkType":227},"fr-2",{"_ref":525,"_type":226},"page-SG-launchpad",{"_type":300,"slug":527},"launchpad","Aspire Launchpad",{"_key":530,"_type":143,"internal":531,"internalTarget":533,"label":535,"linkType":227},"fr-3",{"_ref":532,"_type":226},"page-SG-aspire-for-startups",{"_type":300,"slug":534},"aspire-for-startups","Aspire for Startups",{"_key":537,"_type":143,"internal":538,"internalTarget":540,"label":542,"linkType":227},"fr-4",{"_ref":539,"_type":226},"page-SG-case-studies",{"_type":300,"slug":541},"case-studies","Case Studies",{"_key":544,"_type":143,"internal":545,"internalTarget":547,"label":549,"linkType":227},"fr-5",{"_ref":546,"_type":226},"page-SG-partner-case-study",{"_type":300,"slug":548},"partner-case-study","Partner Case Studies",{"_key":551,"_type":143,"externalUrl":552,"internalTarget":246,"label":553,"linkType":145},"fr-6","https:\u002F\u002Fhelp.aspireapp.com\u002Fsg\u002Fen\u002F","FAQ","Resources",{"_key":556,"_type":293,"links":557,"title":28},"footer-company",[558,565,572,579,586,593,600,607],{"_key":559,"_type":143,"internal":560,"internalTarget":562,"label":564,"linkType":227},"fco-1",{"_ref":561,"_type":226},"page-SG-about-us",{"_type":300,"slug":563},"about-us","About Aspire",{"_key":566,"_type":143,"internal":567,"internalTarget":569,"label":571,"linkType":227},"fco-2",{"_ref":568,"_type":226},"page-SG-contact-us",{"_type":300,"slug":570},"contact-us","Contact Us",{"_key":573,"_type":143,"internal":574,"internalTarget":576,"label":578,"linkType":227},"fco-3",{"_ref":575,"_type":226},"page-SG-careers",{"_type":300,"slug":577},"careers","Careers",{"_key":580,"_type":143,"internal":581,"internalTarget":583,"label":585,"linkType":227},"fco-5",{"_ref":582,"_type":226},"page-SG-about-fraud-and-scam",{"_type":300,"slug":584},"about-fraud-and-scam","Learn About Fraud and Scams",{"_key":587,"_type":143,"internal":588,"internalTarget":590,"label":592,"linkType":227},"fco-6",{"_ref":589,"_type":226},"page-SG-newsroom",{"_type":300,"slug":591},"newsroom","Newsroom",{"_key":594,"_type":143,"internal":595,"internalTarget":597,"label":599,"linkType":227},"fco-7",{"_ref":596,"_type":226},"page-SG-partners",{"_type":300,"slug":598},"partners","Partner with Aspire",{"_key":601,"_type":143,"internal":602,"internalTarget":604,"label":606,"linkType":227},"fco-8",{"_ref":603,"_type":226},"page-SG-product-updates",{"_type":300,"slug":605},"product-updates","Product Updates",{"_key":608,"_type":143,"internal":609,"internalTarget":611,"label":613,"linkType":227},"fco-9",{"_ref":610,"_type":226},"page-SG-security-and-compliance",{"_type":300,"slug":612},"security-and-compliance","Security and Compliance",{"_key":615,"_type":293,"links":616,"title":638},"footer-use-case",[617,624,631],{"_key":618,"_type":143,"internal":619,"internalTarget":621,"label":623,"linkType":227},"fu-1",{"_ref":620,"_type":226},"page-SG-use-case-receive-revenue",{"_type":300,"slug":622},"use-case\u002Freceive-revenue","Receive Revenue",{"_key":625,"_type":143,"internal":626,"internalTarget":628,"label":630,"linkType":227},"fu-2",{"_ref":627,"_type":226},"page-SG-use-case-payroll",{"_type":300,"slug":629},"use-case\u002Fpayroll","Payroll",{"_key":632,"_type":143,"internal":633,"internalTarget":635,"label":637,"linkType":227},"fu-3",{"_ref":634,"_type":226},"page-SG-use-case-payments",{"_type":300,"slug":636},"use-case\u002Fpayments","Payments","Use Case",{"_key":640,"_type":293,"isLegal":141,"links":641,"title":661},"footer-legal",[642,649,654],{"_key":643,"_type":143,"internal":644,"internalTarget":646,"label":648,"linkType":227},"fl-1",{"_ref":645,"_type":226},"legalPage-SG-65a9e9bbd0bdabb429b1e156",{"_type":269,"slug":647},"privacy-policy","Privacy Policy",{"_key":650,"_type":143,"internal":651,"internalTarget":652,"label":653,"linkType":227},"fl-2",{"_ref":225,"_type":226},{"_type":269,"slug":270},"Terms of Service",{"_key":655,"_type":143,"internal":656,"internalTarget":658,"label":660,"linkType":227},"fl-3",{"_ref":657,"_type":226},"page-SG-complaints",{"_type":300,"slug":659},"complaints","Complaints Policy","Legal",{"_type":143,"externalUrl":663,"internalTarget":246,"label":62,"linkType":145},"https:\u002F\u002Fapp.aspireapp.com\u002Fregister\u002Fperson",[665,669,672,674,681,685],{"_key":666,"_type":143,"internalTarget":246,"label":667,"linkType":668},"nav-product","Product","none",{"_key":670,"_type":143,"internalTarget":246,"label":671,"linkType":668},"nav-solutions","Solutions",{"_key":673,"_type":143,"internalTarget":246,"label":554,"linkType":668},"nav-resources",{"_key":675,"_type":143,"internal":676,"internalTarget":678,"label":680,"linkType":227},"nav-pricing",{"_ref":677,"_type":226},"page-SG-pricing",{"_type":300,"slug":679},"pricing","Pricing",{"_key":682,"_type":143,"externalUrl":683,"internalTarget":246,"label":684,"linkType":145,"openInNewTab":141},"nav-login","https:\u002F\u002Fapp.aspireapp.com\u002Flogin","Login",{"_key":686,"_type":143,"externalUrl":663,"internalTarget":246,"label":62,"linkType":145,"openInNewTab":141},"nav-get-started",{"_type":143,"externalUrl":683,"internalTarget":246,"label":684,"linkType":145},[689,808,977],{"_key":690,"_type":691,"columns":692,"featured":796,"label":667},"mm-product","megaMenuPanel",[693,715,745,771],{"_key":694,"_type":695,"links":696,"title":302},"mm-product-account","megaMenuColumn",[697,704,710],{"_key":698,"_type":699,"link":700},"mm-p-multicurrency","megaMenuLink",{"_type":143,"internal":701,"internalTarget":702,"label":703,"linkType":227},{"_ref":298,"_type":226},{"_type":300,"slug":301},"Multi-Currency",{"_key":705,"_type":699,"link":706},"mm-p-cards",{"_type":143,"internal":707,"internalTarget":708,"label":709,"linkType":227},{"_ref":319,"_type":226},{"_type":300,"slug":321},"Smart Cards",{"_key":711,"_type":699,"link":712},"mm-p-yield",{"_type":143,"internal":713,"internalTarget":714,"label":56,"linkType":227},{"_ref":306,"_type":226},{"_type":300,"slug":308},{"_key":716,"_type":695,"links":717,"title":744},"mm-product-cfo",[718,723,729,735],{"_key":719,"_type":699,"link":720},"mm-p-expense",{"_type":143,"internal":721,"internalTarget":722,"label":315,"linkType":227},{"_ref":312,"_type":226},{"_type":300,"slug":314},{"_key":724,"_type":699,"link":725},"mm-p-budget",{"_type":143,"internal":726,"internalTarget":727,"label":728,"linkType":227},{"_ref":351,"_type":226},{"_type":300,"slug":353},"Budget Management",{"_key":730,"_type":699,"link":731},"mm-p-receivables",{"_type":143,"internal":732,"internalTarget":733,"label":734,"linkType":227},{"_ref":358,"_type":226},{"_type":300,"slug":360},"Accounts Receivable",{"_key":736,"_type":699,"badgeLabel":737,"link":738},"mm-p-procure-to-pay","NEW",{"_type":143,"internal":739,"internalTarget":741,"label":743,"linkType":227},{"_ref":740,"_type":226},"page-SG-procure-to-pay",{"_type":300,"slug":742},"procure-to-pay","Procure-to-pay","CFO Suite",{"_key":746,"_type":695,"badgeLabel":737,"links":747,"title":770},"mm-product-payroll",[748,754,762],{"_key":749,"_type":699,"link":750},"mm-p-payroll",{"_type":143,"internal":751,"internalTarget":752,"label":753,"linkType":227},{"_ref":627,"_type":226},{"_type":300,"slug":629},"Global Payroll",{"_key":755,"_type":699,"link":756},"mm-p-eor",{"_type":143,"internal":757,"internalTarget":759,"label":761,"linkType":227},{"_ref":758,"_type":226},"page-SG-employer-of-record",{"_type":300,"slug":760},"employer-of-record","Employer of Record",{"_key":763,"_type":699,"link":764},"mm-p-contractors",{"_type":143,"internal":765,"internalTarget":767,"label":769,"linkType":227},{"_ref":766,"_type":226},"page-SG-contractor-management-product",{"_type":300,"slug":768},"contractor-management-product","Contractors","Payroll & Hiring",{"_key":772,"_type":695,"links":773,"title":795},"mm-product-platform",[774,779,787],{"_key":775,"_type":699,"link":776},"mm-p-payments",{"_type":143,"internal":777,"internalTarget":778,"label":329,"linkType":227},{"_ref":326,"_type":226},{"_type":300,"slug":328},{"_key":780,"_type":699,"link":781},"mm-p-issuance",{"_type":143,"internal":782,"internalTarget":784,"label":786,"linkType":227},{"_ref":783,"_type":226},"page-SG-issuance",{"_type":300,"slug":785},"issuance","Issuance",{"_key":788,"_type":699,"link":789},"mm-p-accounts",{"_type":143,"internal":790,"internalTarget":792,"label":794,"linkType":227},{"_ref":791,"_type":226},"page-SG-global-account",{"_type":300,"slug":793},"global-account","Global Accounts","Platform",{"body":797,"eyebrow":798,"heading":799,"image":800,"link":805},"For businesses with complex operations that need a relationship manager.","Updates","Pricing that fits your business",{"_type":154,"alternativeText":801,"height":802,"url":803,"width":804},"The Aspire team",607,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Ff302d0af44c2c170a1f5c58beb11393e\u002F653f1ed2f29fc491d2cd5387_endowus.avif",1080,{"_type":143,"internal":806,"internalTarget":807,"label":799,"linkType":227},{"_ref":677,"_type":226},{"_type":300,"slug":679},{"_key":809,"_type":691,"columns":810,"featured":959,"label":671},"mm-solutions",[811,856,882,925],{"_key":812,"_type":695,"links":813,"title":855},"mm-solutions-industry",[814,823,831,839,847],{"_key":815,"_type":699,"link":816},"mm-s-consulting",{"_type":143,"internal":817,"internalTarget":819,"label":822,"linkType":227},{"_ref":818,"_type":226},"solution-SG-consulting",{"_type":820,"slug":821},"solution","consulting","Consulting",{"_key":824,"_type":699,"link":825},"mm-s-ecommerce",{"_type":143,"internal":826,"internalTarget":828,"label":830,"linkType":227},{"_ref":827,"_type":226},"solution-SG-ecommerce",{"_type":820,"slug":829},"ecommerce","eCommerce",{"_key":832,"_type":699,"link":833},"mm-s-agencies",{"_type":143,"internal":834,"internalTarget":836,"label":838,"linkType":227},{"_ref":835,"_type":226},"solution-SG-marketing-agencies",{"_type":820,"slug":837},"marketing-agencies","Marketing Agencies",{"_key":840,"_type":699,"link":841},"mm-s-vc",{"_type":143,"internal":842,"internalTarget":844,"label":846,"linkType":227},{"_ref":843,"_type":226},"solution-SG-vc-funds",{"_type":820,"slug":845},"vc-funds","VC & Investment Firms",{"_key":848,"_type":699,"link":849},"mm-s-web3",{"_type":143,"internal":850,"internalTarget":852,"label":854,"linkType":227},{"_ref":851,"_type":226},"solution-SG-web3",{"_type":820,"slug":853},"web3","Web3","By Industry",{"_key":857,"_type":695,"links":858,"title":881},"mm-solutions-size",[859,865,873],{"_key":860,"_type":699,"link":861},"mm-s-startups",{"_type":143,"internal":862,"internalTarget":863,"label":864,"linkType":227},{"_ref":532,"_type":226},{"_type":300,"slug":534},"Startups",{"_key":866,"_type":699,"link":867},"mm-s-sme",{"_type":143,"internal":868,"internalTarget":870,"label":872,"linkType":227},{"_ref":869,"_type":226},"solution-SG-sme",{"_type":820,"slug":871},"sme","SMEs",{"_key":874,"_type":699,"link":875},"mm-s-midsized",{"_type":143,"internal":876,"internalTarget":878,"label":880,"linkType":227},{"_ref":877,"_type":226},"solution-SG-mid-sized-companies",{"_type":820,"slug":879},"mid-sized-companies","Mid-Sized","By Company Size",{"_key":883,"_type":695,"links":884,"title":924},"mm-solutions-partner",[885,893,900,908,916],{"_key":886,"_type":699,"link":887},"mm-s-accountants",{"_type":143,"internal":888,"internalTarget":890,"label":892,"linkType":227},{"_ref":889,"_type":226},"page-SG-accountants",{"_type":300,"slug":891},"partners\u002Faccountants","Accountants",{"_key":894,"_type":699,"link":895},"mm-s-partner-ecommerce",{"_type":143,"internal":896,"internalTarget":898,"label":830,"linkType":227},{"_ref":897,"_type":226},"page-SG-ecommerce",{"_type":300,"slug":899},"partners\u002Fecommerce",{"_key":901,"_type":699,"link":902},"mm-s-corpsec",{"_type":143,"internal":903,"internalTarget":905,"label":907,"linkType":227},{"_ref":904,"_type":226},"page-SG-corpsec",{"_type":300,"slug":906},"partners\u002Fcorpsec","CorpSec",{"_key":909,"_type":699,"link":910},"mm-s-incubators",{"_type":143,"internal":911,"internalTarget":913,"label":915,"linkType":227},{"_ref":912,"_type":226},"page-SG-vc-and-incubators",{"_type":300,"slug":914},"partners\u002Fvc-and-incubators","VC & Incubators",{"_key":917,"_type":699,"link":918},"mm-s-affiliates",{"_type":143,"internal":919,"internalTarget":921,"label":923,"linkType":227},{"_ref":920,"_type":226},"page-SG-aspire-affiliate-program",{"_type":300,"slug":922},"partners\u002Faspire-affiliate-program","Affiliates","By Partner",{"_key":926,"_type":695,"links":927,"title":958},"mm-solutions-connectivity",[928,936,942,950],{"_key":929,"_type":699,"link":930},"mm-s-connect",{"_type":143,"internal":931,"internalTarget":933,"label":935,"linkType":227},{"_ref":932,"_type":226},"page-SG-aspire-connect",{"_type":300,"slug":934},"aspire-connect","Aspire Connect",{"_key":937,"_type":699,"link":938},"mm-s-integrations",{"_type":143,"internal":939,"internalTarget":940,"label":941,"linkType":227},{"_ref":344,"_type":226},{"_type":300,"slug":346},"Integrations",{"_key":943,"_type":699,"link":944},"mm-s-api",{"_type":143,"internal":945,"internalTarget":947,"label":949,"linkType":227},{"_ref":946,"_type":226},"page-SG-api",{"_type":300,"slug":948},"api","API",{"_key":951,"_type":699,"badgeLabel":737,"link":952},"mm-s-mcp",{"_type":143,"internal":953,"internalTarget":955,"label":957,"linkType":227},{"_ref":954,"_type":226},"page-SG-mcp",{"_type":300,"slug":956},"mcp","MCP","Connectivity & AI",{"body":960,"eyebrow":961,"link":962,"logo":965,"person":970},"“Opening an Aspire account was pretty quick and more importantly painless... I appreciated the excellent service they provided through the whole process. Their online platform is very user-friendly and has some great features.”","Customer Testimonials",{"_type":143,"externalUrl":963,"internalTarget":246,"label":964,"linkType":145},"https:\u002F\u002Ftestimonial.to\u002Faspire-testimonials\u002Fall","View all testimonials",{"_type":154,"alternativeText":966,"height":967,"url":968,"width":969},"Tech In Asia",108,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F2ff0ffa9ddde696666b9864ea7a4e8ad\u002F6967697bcce642d4aa1d7957_tech-in-asia-logo-600w.webp",600,{"image":971,"name":975,"role":976},{"_type":154,"alternativeText":972,"height":973,"url":974,"width":973},"Latha Natarajan, Finance Director at Tech In Asia",41,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Ffe034d0bece564c2cd527bcd337b3806\u002F65a9ea853128c50ff747dae9_latha-natrajan-small.webp","Latha Natarajan","Finance Director at Tech In Asia",{"_key":978,"_type":691,"columns":979,"featured":1050,"label":554},"mm-resources",[980,1008,1028],{"_key":981,"_type":695,"links":982,"title":1007},"mm-resources-knowledge",[983,989,997,1002],{"_key":984,"_type":699,"link":985},"mm-r-blog",{"_type":143,"internal":986,"internalTarget":987,"label":988,"linkType":227},{"_ref":519,"_type":226},{"_type":300,"slug":521},"Blogs",{"_key":990,"_type":699,"link":991},"mm-r-reports",{"_type":143,"internal":992,"internalTarget":994,"label":996,"linkType":227},{"_ref":993,"_type":226},"page-SG-downloads",{"_type":300,"slug":995},"downloads","Reports & Insights",{"_key":998,"_type":699,"link":999},"mm-r-updates",{"_type":143,"internal":1000,"internalTarget":1001,"label":606,"linkType":227},{"_ref":603,"_type":226},{"_type":300,"slug":605},{"_key":1003,"_type":699,"link":1004},"mm-r-faqs",{"_type":143,"externalUrl":1005,"internalTarget":246,"label":1006,"linkType":145},"https:\u002F\u002Fhelp.aspireapp.com\u002Fsg\u002Fen","FAQs","Knowledge Hub",{"_key":1009,"_type":695,"links":1010,"title":1027},"mm-resources-benefits",[1011,1019],{"_key":1012,"_type":699,"link":1013},"mm-r-cashback",{"_type":143,"internal":1014,"internalTarget":1016,"label":1018,"linkType":227},{"_ref":1015,"_type":226},"page-SG-cashback",{"_type":300,"slug":1017},"cashback","Cashback",{"_key":1020,"_type":699,"link":1021},"mm-r-rewards",{"_type":143,"internal":1022,"internalTarget":1024,"label":1026,"linkType":227},{"_ref":1023,"_type":226},"page-SG-rewards",{"_type":300,"slug":1025},"rewards","Perks & Rewards","Benefits",{"_key":1029,"_type":695,"links":1030,"title":1049},"mm-resources-about",[1031,1036,1044],{"_key":1032,"_type":699,"link":1033},"mm-r-about",{"_type":143,"internal":1034,"internalTarget":1035,"label":564,"linkType":227},{"_ref":561,"_type":226},{"_type":300,"slug":563},{"_key":1037,"_type":699,"link":1038},"mm-r-compare",{"_type":143,"internal":1039,"internalTarget":1041,"label":1043,"linkType":227},{"_ref":1040,"_type":226},"blogPost-SG-65a9e9bbd0bdabb429b1e29f",{"_type":481,"slug":1042},"comparing-the-best-business-bank-accounts-in-singapore","Aspire vs Others",{"_key":1045,"_type":699,"link":1046},"mm-r-partner",{"_type":143,"internal":1047,"internalTarget":1048,"label":599,"linkType":227},{"_ref":596,"_type":226},{"_type":300,"slug":598},"About",{"body":1051,"eyebrow":542,"heading":1052,"image":1053,"link":1058},"How Zenyum mastered employee spending with Aspire Corporate Cards","Zenyum",{"_type":154,"alternativeText":1054,"height":1055,"url":1056,"width":1057},"Zenyum case study",630,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F8cd9cb36660346c1a7800361ffa23ff2\u002F6a321ee064219f824ac470e4_zenyum.webp",1200,{"_type":143,"internal":1059,"internalTarget":1061,"label":111,"linkType":227},{"_ref":1060,"_type":226},"caseStudy-SG-667910e15a161403019bffeb",{"_type":1062,"slug":1063},"caseStudy","zenyum",{"_createdAt":1065,"_id":1066,"_rev":1067,"_type":1068,"_updatedAt":1069,"asideCta":1070,"bottomCta":1079,"disclaimer":1085,"market":84,"midCta":1114},"2026-08-07T16:36:45Z","blogPostTemplate-SG","s8k3pIFJmZrTtV5XljWRgT","blogPostTemplate","2026-10-01T04:56:31Z",{"heading":1071,"image":1072,"link":1077},"Open your business account with Aspire",{"_type":154,"alternativeText":1073,"height":1074,"url":1075,"width":1076},"The Aspire account dashboard open on a laptop",200,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fc76545453549b9687122cd1c3bcbf74c\u002F6a5d107fcd56089dc7cbd4e7_Frame-1707480717.png",305,{"_type":143,"externalUrl":663,"label":1078,"linkType":145},"Start now",{"body":1080,"heading":1081,"link":1082},"Open your free account","Start your journey with Aspire",{"_type":143,"externalUrl":1083,"label":1084,"linkType":145},"\u002Ftalk-to-sales","Talk to Sales",[1086],{"_key":1087,"_type":170,"children":1088,"markDefs":1109,"style":190},"ef8e67a8-f55",[1089,1093,1097,1101,1105],{"_key":1090,"_type":174,"marks":1091,"text":1092},"f3f2e6b0-2af",[],"This blog is for general information only and does not constitute financial, legal, tax, or professional advice. Aspire’s services are subject to the terms outlined in our '",{"_key":1094,"_type":174,"marks":1095,"text":653},"3d14a735-e06",[1096],"a6912ed5-4b2",{"_key":1098,"_type":174,"marks":1099,"text":1100},"34cbb81c-fdb",[],"' and '",{"_key":1102,"_type":174,"marks":1103,"text":680},"0dadbe23-634",[1104],"4b7ecead-82d",{"_key":1106,"_type":174,"marks":1107,"text":1108},"05a9a450-8c7",[],"' pages. We make no guarantees as to the accuracy, completeness, or timeliness of the content, and past results do not indicate future performance. Always consult a qualified professional before acting on any information provided.",[1110,1112],{"_key":1096,"_type":188,"externalUrl":1111,"linkType":145},"\u002Ftnc\u002Fmaster-service-agreement",{"_key":1104,"_type":188,"externalUrl":1113,"linkType":145},"\u002Fpricing",{"body":1115,"eyebrow":528,"heading":1116,"image":1117,"link":1122},"Find out how Aspire can help you speed up your end-to-end finance processes from payments to expense management.","Supercharge your finance operations",{"_type":154,"alternativeText":1118,"height":1119,"url":1120,"width":1121},"A person working at a laptop with an open notebook beside them",1026,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fd84bbcbad1e6ba37331742538394d1b0\u002F69d5f2a347377654dbe286ac_blog-post-template-04-q70.webp",1048,{"_type":143,"externalUrl":1083,"label":1123,"linkType":145},"Talk to sales",[1125,1134,1145,1155],{"_id":1126,"category":1127,"coverImage":1128,"description":1131,"publishedAt":1132,"slug":1133,"title":1129},"blogPost-SG-6aa81a1539b471392a83d4cd",{"slug":591,"title":592},{"_type":154,"alternativeText":1129,"url":1130},"Aspire Launches Aspire Account-Opening Integration With Osome","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4a31adfeaddefdf9b7f4ef5f566c00ad\u002F6aa81a1339b471392a83d438_Aspire-Osome.jpeg","Aspire and Osome partner to enable faster Business Account opening","2026-09-16T00:00:00.000Z","aspire-osome-account-opening-integration",{"_id":1135,"category":1136,"coverImage":1139,"description":1142,"publishedAt":1143,"slug":1144,"title":1140},"blogPost-SG-6a8c6a9a178cfe861275b350",{"slug":1137,"title":1138},"finance-tools","Finance Tools",{"_type":154,"alternativeText":1140,"url":1141},"Stripe payment processing for Singapore businesses: Setup, fees, and alternatives","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fcb6607760ee020276ebb5087fbf64245\u002F6a8c6a98178cfe861275b2fb_EXPENSE-MGMT-49.jpeg","Learn how Stripe works in Singapore, how to set it up, fees and payouts, accepted payment methods, and options for growing businesses.","2026-09-09T00:00:00.000Z","stripe-payment-processing-singapore-businesses",{"_id":1146,"category":1147,"coverImage":1150,"description":1153,"publishedAt":1143,"slug":1154,"title":1151},"blogPost-SG-6a95a525d8f437f2334d1202",{"slug":1148,"title":1149},"business-advice","Business Advice",{"_type":154,"alternativeText":1151,"url":1152},"Payroll outsourcing in Singapore: What founders need to know","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4ab5f167b1dd7ea6df896c17cf95674e\u002F6a95a521d8f437f2334d113d_PAYMENTS-14.jpeg","Learn about payroll outsourcing, including costs, services, benefits, risks, and how to choose the right provider for your business in Singapore.","payroll-outsourcing-singapore-explained",{"_id":1156,"category":1157,"coverImage":1158,"description":1161,"publishedAt":1143,"slug":1162,"title":1159},"blogPost-SG-6a95a538fb9a05eaf4b9774c",{"slug":1148,"title":1149},{"_type":154,"alternativeText":1159,"url":1160},"Global payroll outsourcing: How it works for Singapore businesses in 2026","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fbe849a3e08f8d5d0a5bcbbffb5b2ba7b\u002F6a95a537fb9a05eaf4b97747_PAYMENTS-45.jpeg","Learn how global payroll outsourcing works for Singapore businesses, from local payroll requirements and compliance to EORs and choosing the right provider.","global-payroll-outsourcing",{"data":1164,"sourceMap":-1},{"_id":1165,"_updatedAt":1166,"alternates":1167,"areSourcesShown":152,"author":1169,"body":1179,"category":2199,"coverImage":2200,"excerpt":2203,"faq":246,"intro":2211,"isFaqShown":152,"isSummaryShown":152,"isVideoShown":152,"publishedAt":2218,"reviewer":246,"seo":2219,"slug":2221,"sources":246,"title":2201,"video":246},"blogPost-SG-65d3226b384ad6cb5c8cce65","2026-09-24T08:39:22Z",[1168],{"canonicalUrl":246,"isNoIndex":246,"language":246,"market":84,"pathPrefix":246},{"avatar":1170,"bio":1175,"doesServePage":141,"linkedinUrl":1176,"name":1171,"role":1177,"slug":1178,"twitterUrl":246},{"_type":154,"alternativeText":1171,"height":1172,"url":1173,"width":1174},"Aaron Oh",531,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fe9dd13f054f96ed8109919914ded7706\u002F656ee6448fe54a42218817dc_DSC_0048.jpg",413,"Aaron is a seasoned content writer specialising in finance, insurance and tech industries. With a writing history at S&P Global, EdgeProp, Indeed, Prudential, and others, Aaron leverages finance knowledge and business insights to help businesses improve productivity and performance.","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Faaron-oh","Writer","aaron-oh",[1180,1190,1198,1206,1214,1223,1231,1236,1244,1252,1260,1268,1276,1284,1292,1300,1308,1316,1324,1332,1340,1348,1367,1375,1385,1393,1401,1409,1417,1425,1433,1441,1449,1457,1466,1474,1482,1490,1498,1506,1514,1522,1530,1538,1546,1554,1562,1581,1589,1592,1600,1630,1638,1646,1654,1662,1670,1678,1686,1694,1702,1710,1718,1726,1734,1742,1754,1773,1785,1797,1809,1821,1833,1841,1849,1857,1868,1880,1888,1896,2023,2031,2054,2077,2100,2123,2146,2180],{"_key":1181,"_type":170,"children":1182,"markDefs":1188,"style":1189},"k2",[1183],{"_key":1184,"_type":174,"marks":1185,"text":1187},"k1",[1186],"strong","So, Let’s Understand What Exactly Is Inventory Turnover?",[],"h2",{"_key":1191,"_type":170,"children":1192,"markDefs":1197,"style":190},"k5",[1193],{"_key":1194,"_type":174,"marks":1195,"text":1196},"k4",[],"Inventory turnover measures how long a company can sell the items it buys. When all the purchased stock is sold, except for items lost due to damage or shrinkage, one full turnover of inventory occurs.",[],{"_key":1199,"_type":170,"children":1200,"markDefs":1205,"style":190},"k8",[1201],{"_key":1202,"_type":174,"marks":1203,"text":1204},"k7",[],"Successful companies often experience multiple inventory turnovers annually, though the frequency varies depending on the industry and product type.",[],{"_key":1207,"_type":170,"children":1208,"markDefs":1213,"style":190},"k11",[1209],{"_key":1210,"_type":174,"marks":1211,"text":1212},"k10",[],"Now that you know inventory turnover meaning, let’s look at inventory turnover ratio",[],{"_key":1215,"_type":170,"children":1216,"markDefs":1221,"style":1222},"k14",[1217],{"_key":1218,"_type":174,"marks":1219,"text":1220},"k13",[1186],"What’s An Inventory Turnover Ratio?",[],"h3",{"_key":1224,"_type":170,"children":1225,"markDefs":1230,"style":190},"k17",[1226],{"_key":1227,"_type":174,"marks":1228,"text":1229},"k16",[],"A company's inventory turnover ratio tells us how often it has sold and restocked its inventory within a defined timeframe. It can also help determine the days required to sell the existing inventory.",[],{"_key":1232,"_type":154,"height":1233,"position":1234,"url":1235,"width":1233},"k18",480,"center","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002Fb6fa988ae9e99778fb757f26f148f490\u002Fshared-sg-b6fa988a_body_shared-body_1.gif",{"_key":1237,"_type":170,"children":1238,"markDefs":1243,"style":1189},"k21",[1239],{"_key":1240,"_type":174,"marks":1241,"text":1242},"k20",[1186],"How to Calculate the Inventory Turnover Ratio?",[],{"_key":1245,"_type":170,"children":1246,"markDefs":1251,"style":190},"k24",[1247],{"_key":1248,"_type":174,"marks":1249,"text":1250},"k23",[],"To find this ratio, you divide the cost of goods sold by the average inventory during a certain time. A higher ratio is better because it usually means you sell a lot.",[],{"_key":1253,"_type":170,"children":1254,"markDefs":1259,"style":190},"k27",[1255],{"_key":1256,"_type":174,"marks":1257,"text":1258},"k26",[],"Here’s the Inventory Turnover Ratio Formula",[],{"_key":1261,"_type":170,"children":1262,"markDefs":1267,"style":190},"k30",[1263],{"_key":1264,"_type":174,"marks":1265,"text":1266},"k29",[],"Average Inventory Value= Cost of Goods Sold (COGS) Average Inventory Value",[],{"_key":1269,"_type":170,"children":1270,"markDefs":1275,"style":190},"k33",[1271],{"_key":1272,"_type":174,"marks":1273,"text":1274},"k32",[],"The first and most important step to calculate inventory turnover is to manage your inventory well. This is also called stock control. It's all about knowing what inventory you have.",[],{"_key":1277,"_type":170,"children":1278,"markDefs":1283,"style":190},"k36",[1279],{"_key":1280,"_type":174,"marks":1281,"text":1282},"k35",[],"Before we look at an example, let's talk about two important things: the Cost of Goods Sold and Average Inventory.",[],{"_key":1285,"_type":170,"children":1286,"markDefs":1291,"style":1222},"k39",[1287],{"_key":1288,"_type":174,"marks":1289,"text":1290},"k38",[1186],"What is the Cost of Goods Sold (COGS)?",[],{"_key":1293,"_type":170,"children":1294,"markDefs":1299,"style":190},"k42",[1295],{"_key":1296,"_type":174,"marks":1297,"text":1298},"k41",[],"The Cost of Goods Sold, or COGS, represents your company's direct expenses in producing the goods sold within a specific timeframe. These expenses encompass materials, labour, and overhead directly tied to production. Understanding and accurately calculating COGS is essential for determining your company's gross profit and assessing its financial performance.",[],{"_key":1301,"_type":170,"children":1302,"markDefs":1307,"style":1222},"k45",[1303],{"_key":1304,"_type":174,"marks":1305,"text":1306},"k44",[1186],"And What Is Average Inventory?",[],{"_key":1309,"_type":170,"children":1310,"markDefs":1315,"style":190},"k48",[1311],{"_key":1312,"_type":174,"marks":1313,"text":1314},"k47",[],"It's the average value of your inventory over a specific period, typically calculated by adding the beginning and ending inventory balances for that period and then dividing by two. This metric offers insights into your inventory levels and helps you assess how well you manage your stock over time.",[],{"_key":1317,"_type":170,"children":1318,"markDefs":1323,"style":190},"k51",[1319],{"_key":1320,"_type":174,"marks":1321,"text":1322},"k50",[],"Now that you know what they are, let's understand this with an example.",[],{"_key":1325,"_type":170,"children":1326,"markDefs":1331,"style":1189},"k54",[1327],{"_key":1328,"_type":174,"marks":1329,"text":1330},"k53",[1186],"Inventory Turnover Ratio Example",[],{"_key":1333,"_type":170,"children":1334,"markDefs":1339,"style":190},"k57",[1335],{"_key":1336,"_type":174,"marks":1337,"text":1338},"k56",[],"Consider a manufacturing company based in Singapore, \"TechEmitt Ltd.,\" specialising in producing smart home devices.",[],{"_key":1341,"_type":170,"children":1342,"markDefs":1347,"style":190},"k60",[1343],{"_key":1344,"_type":174,"marks":1345,"text":1346},"k59",[],"They procure S$2 million worth of raw materials and components annually.",[],{"_key":1349,"_type":170,"children":1350,"markDefs":1364,"style":190},"k68",[1351,1355,1360],{"_key":1352,"_type":174,"marks":1353,"text":1354},"k65",[],"At the beginning of the accounting period for the ",{"_key":1356,"_type":174,"marks":1357,"text":1359},"k66",[1358],"k62","year",{"_key":1361,"_type":174,"marks":1362,"text":1363},"k67",[],", their inventory stands at S$400,000; by the end, it dwindles to S$300,000.",[1365],{"_key":1358,"_type":188,"externalUrl":1366,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fhow-to-choose-a-financial-year-end-date-for-your-singapore-based-company",{"_key":1368,"_type":170,"children":1369,"markDefs":1374,"style":190},"k71",[1370],{"_key":1371,"_type":174,"marks":1372,"text":1373},"k70",[],"Now let’s calculate TechEmitt Ltd.'s inventory turnover:",[],{"_key":1376,"_type":170,"children":1377,"level":1382,"listItem":1383,"markDefs":1384,"style":190},"k74",[1378],{"_key":1379,"_type":174,"marks":1380,"text":1381},"k73",[],"Average Inventory:",1,"number",[],{"_key":1386,"_type":170,"children":1387,"markDefs":1392,"style":190},"k77",[1388],{"_key":1389,"_type":174,"marks":1390,"text":1391},"k76",[],"Average Inventory = (Beginning Inventory + Ending Inventory)\u002F2",[],{"_key":1394,"_type":170,"children":1395,"markDefs":1400,"style":190},"k80",[1396],{"_key":1397,"_type":174,"marks":1398,"text":1399},"k79",[],"Average Inventory=(S$400,000+S$300,000)\u002F2 = S$350,000",[],{"_key":1402,"_type":170,"children":1403,"level":1382,"listItem":1383,"markDefs":1408,"style":190},"k83",[1404],{"_key":1405,"_type":174,"marks":1406,"text":1407},"k82",[],"Cost of Goods Sold: S$2,000,000",[],{"_key":1410,"_type":170,"children":1411,"level":1382,"listItem":1383,"markDefs":1416,"style":190},"k86",[1412],{"_key":1413,"_type":174,"marks":1414,"text":1415},"k85",[],"Inventory Turnover Ratio:",[],{"_key":1418,"_type":170,"children":1419,"markDefs":1424,"style":190},"k89",[1420],{"_key":1421,"_type":174,"marks":1422,"text":1423},"k88",[],"Inventory Turnover Ratio = Cost of Goods Sold \u002FAverage Inventory",[],{"_key":1426,"_type":170,"children":1427,"markDefs":1432,"style":190},"k92",[1428],{"_key":1429,"_type":174,"marks":1430,"text":1431},"k91",[],"Inventory Turnover Ratio = S$2,000,000\u002FS$350,000 ≈ 5.71",[],{"_key":1434,"_type":170,"children":1435,"markDefs":1440,"style":190},"k95",[1436],{"_key":1437,"_type":174,"marks":1438,"text":1439},"k94",[],"This example shows that TechEmitt Ltd. manages its inventory well. They sell and replace their smart home devices about 5.71 times a year, which means they use their resources effectively. This suggests they're good at keeping their products moving and keeping them from sitting around too long. It also indicates that there's likely a high demand for their devices, or they're proactive about managing their inventory levels. Overall, it shows that TechEmitt Ltd. runs its business efficiently.",[],{"_key":1442,"_type":170,"children":1443,"markDefs":1448,"style":1189},"k98",[1444],{"_key":1445,"_type":174,"marks":1446,"text":1447},"k97",[1186],"Why Is Inventory Turnover Important?",[],{"_key":1450,"_type":170,"children":1451,"markDefs":1456,"style":190},"k101",[1452],{"_key":1453,"_type":174,"marks":1454,"text":1455},"k100",[],"Inventory Turnover Ratio helps in -",[],{"_key":1458,"_type":170,"children":1459,"level":1382,"listItem":1464,"markDefs":1465,"style":190},"k104",[1460],{"_key":1461,"_type":174,"marks":1462,"text":1463},"k103",[],"Assessing Your Business Performance:","bullet",[],{"_key":1467,"_type":170,"children":1468,"level":1382,"listItem":1464,"markDefs":1473,"style":190},"k107",[1469],{"_key":1470,"_type":174,"marks":1471,"text":1472},"k106",[],"Understand how quickly your inventory sells.",[],{"_key":1475,"_type":170,"children":1476,"level":1382,"listItem":1464,"markDefs":1481,"style":190},"k110",[1477],{"_key":1478,"_type":174,"marks":1479,"text":1480},"k109",[],"Evaluate how effectively your inventory meets market demand.",[],{"_key":1483,"_type":170,"children":1484,"level":1382,"listItem":1464,"markDefs":1489,"style":190},"k113",[1485],{"_key":1486,"_type":174,"marks":1487,"text":1488},"k112",[],"Compare your sales performance with similar products in the same category.",[],{"_key":1491,"_type":170,"children":1492,"level":1382,"listItem":1464,"markDefs":1497,"style":190},"k116",[1493],{"_key":1494,"_type":174,"marks":1495,"text":1496},"k115",[],"Importance of Inventory Turnover:",[],{"_key":1499,"_type":170,"children":1500,"level":1382,"listItem":1464,"markDefs":1505,"style":190},"k119",[1501],{"_key":1502,"_type":174,"marks":1503,"text":1504},"k118",[],"Higher turnover indicates the marketability of your products.",[],{"_key":1507,"_type":170,"children":1508,"level":1382,"listItem":1464,"markDefs":1513,"style":190},"k122",[1509],{"_key":1510,"_type":174,"marks":1511,"text":1512},"k121",[],"Reduces your holding costs like rent, utilities, insurance, and theft.",[],{"_key":1515,"_type":170,"children":1516,"level":1382,"listItem":1464,"markDefs":1521,"style":190},"k125",[1517],{"_key":1518,"_type":174,"marks":1519,"text":1520},"k124",[],"Helps you maintain efficient inventory levels.",[],{"_key":1523,"_type":170,"children":1524,"level":1382,"listItem":1464,"markDefs":1529,"style":190},"k128",[1525],{"_key":1526,"_type":174,"marks":1527,"text":1528},"k127",[],"Comparison with Industry Standards:",[],{"_key":1531,"_type":170,"children":1532,"level":1382,"listItem":1464,"markDefs":1537,"style":190},"k131",[1533],{"_key":1534,"_type":174,"marks":1535,"text":1536},"k130",[],"Compare your inventory turnover with industry benchmarks.",[],{"_key":1539,"_type":170,"children":1540,"level":1382,"listItem":1464,"markDefs":1545,"style":190},"k134",[1541],{"_key":1542,"_type":174,"marks":1543,"text":1544},"k133",[],"Gauge your operational efficiency relative to industry peers.",[],{"_key":1547,"_type":170,"children":1548,"level":1382,"listItem":1464,"markDefs":1553,"style":190},"k137",[1549],{"_key":1550,"_type":174,"marks":1551,"text":1552},"k136",[],"Identify areas for improvement based on industry standards.",[],{"_key":1555,"_type":170,"children":1556,"markDefs":1561,"style":1189},"k140",[1557],{"_key":1558,"_type":174,"marks":1559,"text":1560},"k139",[1186],"What Does High And Low Inventory Turnover Mean?",[],{"_key":1563,"_type":170,"children":1564,"markDefs":1578,"style":190},"k148",[1565,1569,1574],{"_key":1566,"_type":174,"marks":1567,"text":1568},"k145",[],"When your inventory turnover ratio is higher, you manage your inventory more efficiently. This is important because holding onto inventory comes with ",{"_key":1570,"_type":174,"marks":1571,"text":1573},"k146",[1572],"k142","costs",{"_key":1575,"_type":174,"marks":1576,"text":1577},"k147",[],". You have to consider the expense of the products themselves, whether it's manufacturing or wholesale costs. Additionally, costs are associated with storing those products in warehouses and the labour involved in managing inventory and making sales. A more efficient system means healthier cash flow for your company.",[1579],{"_key":1572,"_type":188,"externalUrl":1580,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fwhat-is-marginal-cost-and-how-to-calculate",{"_key":1582,"_type":170,"children":1583,"markDefs":1588,"style":190},"k151",[1584],{"_key":1585,"_type":174,"marks":1586,"text":1587},"k150",[],"On the other hand, if your inventory turnover ratio is low, your inventory isn't selling as quickly as expected. This could indicate poor sales performance, overstocking, obsolete inventory, or ineffective inventory management practices. Low turnover rates can tie up capital, increase holding costs, and potentially lead to financial losses. It's essential to address these issues promptly to optimise your inventory management and improve your company's financial health.",[],{"_key":1590,"_type":154,"height":1233,"position":1234,"url":1591,"width":1233},"k152","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F2e67c50a99dbc1699e833c4faa1347ab\u002Funderstanding-inventory-turnover-for-business-success_body_2.gif",{"_key":1593,"_type":170,"children":1594,"markDefs":1599,"style":1189},"k155",[1595],{"_key":1596,"_type":174,"marks":1597,"text":1598},"k154",[1186],"What Is A Good Inventory Turnover Ratio?",[],{"_key":1601,"_type":170,"children":1602,"markDefs":1625,"style":190},"k168",[1603,1607,1612,1616,1621],{"_key":1604,"_type":174,"marks":1605,"text":1606},"k163",[],"The ideal inventory ",{"_key":1608,"_type":174,"marks":1609,"text":1611},"k164",[1610],"k157","turnover",{"_key":1613,"_type":174,"marks":1614,"text":1615},"k165",[]," ratio varies depending on your ",{"_key":1617,"_type":174,"marks":1618,"text":1620},"k166",[1619],"k160","business",{"_key":1622,"_type":174,"marks":1623,"text":1624},"k167",[]," and industry. For instance, if you're in the electronics business, you might expect a higher turnover ratio compared to a furniture retailer.",[1626,1628],{"_key":1610,"_type":188,"externalUrl":1627,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fturnover-in-business-explained-benefits-key-metrics",{"_key":1619,"_type":188,"externalUrl":1629,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fpractical-tips-to-manage-business-finances-from-home",{"_key":1631,"_type":170,"children":1632,"markDefs":1637,"style":190},"k171",[1633],{"_key":1634,"_type":174,"marks":1635,"text":1636},"k170",[],"Consider the example of a grocery store versus a bookstore. Grocery stores need a high turnover ratio because their products, such as fresh produce and dairy, have a limited shelf life. On the other hand, bookstores may have a lower turnover ratio since books typically have a longer shelf life and slower demand.",[],{"_key":1639,"_type":170,"children":1640,"markDefs":1645,"style":190},"k174",[1641],{"_key":1642,"_type":174,"marks":1643,"text":1644},"k173",[],"However, having a high inventory turnover ratio can also be problematic. For instance, if you're selling luxury items like watches or high-end electronics, an excessively high turnover ratio may indicate needing more stock and potentially missing out on sales opportunities.",[],{"_key":1647,"_type":170,"children":1648,"markDefs":1653,"style":190},"k177",[1649],{"_key":1650,"_type":174,"marks":1651,"text":1652},"k176",[],"Conversely, a low inventory turnover ratio means your inventory is stagnant. For instance, if you run a hardware store and certain items sit on the shelves for months without moving, it might be time to reassess your inventory management strategy.",[],{"_key":1655,"_type":170,"children":1656,"markDefs":1661,"style":1189},"k180",[1657],{"_key":1658,"_type":174,"marks":1659,"text":1660},"k179",[1186],"How To Address A Low Inventory Turnover Ratio?",[],{"_key":1663,"_type":170,"children":1664,"markDefs":1669,"style":190},"k183",[1665],{"_key":1666,"_type":174,"marks":1667,"text":1668},"k182",[],"To tackle a low inventory turnover ratio, start by digging into your inventory. It’s important to ask the right questions.",[],{"_key":1671,"_type":170,"children":1672,"markDefs":1677,"style":190},"k186",[1673],{"_key":1674,"_type":174,"marks":1675,"text":1676},"k185",[],"Are some items just sitting there without selling?",[],{"_key":1679,"_type":170,"children":1680,"markDefs":1685,"style":190},"k189",[1681],{"_key":1682,"_type":174,"marks":1683,"text":1684},"k188",[],"If so, figure out why. Maybe your competitors are offering lower prices, or market demand for those goods is dropping. If that's the case, it's time to adjust your pricing or update your product mix to stay competitive.",[],{"_key":1687,"_type":170,"children":1688,"markDefs":1693,"style":190},"k192",[1689],{"_key":1690,"_type":174,"marks":1691,"text":1692},"k191",[],"Next, take a look at your ordering process. Are you buying too much of certain items?",[],{"_key":1695,"_type":170,"children":1696,"markDefs":1701,"style":190},"k195",[1697],{"_key":1698,"_type":174,"marks":1699,"text":1700},"k194",[],"If so, tweak your ordering strategy to match customer demand better. And if your sales team isn't pulling their weight, consider giving them some extra training to help them understand what customers want and make better purchasing decisions.",[],{"_key":1703,"_type":170,"children":1704,"markDefs":1709,"style":190},"k198",[1705],{"_key":1706,"_type":174,"marks":1707,"text":1708},"k197",[],"Keep an eye on your operations, too. Are there inefficiencies slowing things down?",[],{"_key":1711,"_type":170,"children":1712,"markDefs":1717,"style":190},"k201",[1713],{"_key":1714,"_type":174,"marks":1715,"text":1716},"k200",[],"Streamline your processes to speed things up and prevent excess inventory from piling up.",[],{"_key":1719,"_type":170,"children":1720,"markDefs":1725,"style":190},"k204",[1721],{"_key":1722,"_type":174,"marks":1723,"text":1724},"k203",[],"Finally, always keep an ear to the ground and be ready to adapt. Markets change, and so should your business. Stay flexible and be willing to adjust your strategies as needed to keep your inventory moving and your business thriving.",[],{"_key":1727,"_type":170,"children":1728,"markDefs":1733,"style":1189},"k207",[1729],{"_key":1730,"_type":174,"marks":1731,"text":1732},"k206",[1186],"How Can You Optimise The Inventory Turnover For Your Business?",[],{"_key":1735,"_type":170,"children":1736,"markDefs":1741,"style":190},"k210",[1737],{"_key":1738,"_type":174,"marks":1739,"text":1740},"k209",[],"Here's how you can optimise your inventory turnover as a business owner:",[],{"_key":1743,"_type":170,"children":1744,"level":1382,"listItem":1383,"markDefs":1753,"style":190},"k215",[1745,1749],{"_key":1746,"_type":174,"marks":1747,"text":1748},"k213",[1186],"Tweak Your Prices:",{"_key":1750,"_type":174,"marks":1751,"text":1752},"k214",[]," Take a good look at your pricing strategy. If something's flying off the shelves, you might want to bump the price a bit to make more money. And if you've got stuff that's just collecting dust, maybe it's time to cut the price or find other ways to get rid of it.",[],{"_key":1755,"_type":170,"children":1756,"level":1382,"listItem":1383,"markDefs":1770,"style":190},"k223",[1757,1762,1766],{"_key":1758,"_type":174,"marks":1759,"text":1761},"k220",[1760,1186],"k216","Keep Your Suppliers in Check",{"_key":1763,"_type":174,"marks":1764,"text":1765},"k221",[1186],":",{"_key":1767,"_type":174,"marks":1768,"text":1769},"k222",[]," Choosing suppliers with the cheapest prices might not always be the best move. Sometimes, getting your products quickly or reliably is more important, especially if they sell like hotcakes. So, streamline your supply chain to get rid of any hiccups, which will help boost your sales and profits.",[1771],{"_key":1760,"_type":188,"externalUrl":1772,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fguide-to-manage-your-suppliers-effectively",{"_key":1774,"_type":170,"children":1775,"level":1382,"listItem":1383,"markDefs":1784,"style":190},"k228",[1776,1780],{"_key":1777,"_type":174,"marks":1778,"text":1779},"k226",[1186],"See How You Measure Up:",{"_key":1781,"_type":174,"marks":1782,"text":1783},"k227",[]," Check out how your inventory turnover compares to others in your industry. If you're lagging behind, there might be ways to jump ahead by spotting trends and adjusting your inventory accordingly.",[],{"_key":1786,"_type":170,"children":1787,"level":1382,"listItem":1383,"markDefs":1796,"style":190},"k233",[1788,1792],{"_key":1789,"_type":174,"marks":1790,"text":1791},"k231",[1186],"Get Better at Predicting:",{"_key":1793,"_type":174,"marks":1794,"text":1795},"k232",[]," Use your sales numbers and inventory reports to figure out what's going to sell and when. This can help you plan for the future and come up with new ways to sell stuff that's not moving as quickly.",[],{"_key":1798,"_type":170,"children":1799,"level":1382,"listItem":1383,"markDefs":1808,"style":190},"k238",[1800,1804],{"_key":1801,"_type":174,"marks":1802,"text":1803},"k236",[1186],"Optimise Inventory Layout:",{"_key":1805,"_type":174,"marks":1806,"text":1807},"k237",[]," Organise your inventory in a way that makes it easy to find and access items. Order fulfilment can be sped up by speeding up the picking and packing processes.",[],{"_key":1810,"_type":170,"children":1811,"level":1382,"listItem":1383,"markDefs":1820,"style":190},"k243",[1812,1816],{"_key":1813,"_type":174,"marks":1814,"text":1815},"k241",[1186],"Make Ordering Easy:",{"_key":1817,"_type":174,"marks":1818,"text":1819},"k242",[]," Automate your purchase orders to save time and reduce mistakes. With the right system, you can make sure you always have enough of the good stuff in stock without having to think about it too much.",[],{"_key":1822,"_type":170,"children":1823,"level":1382,"listItem":1383,"markDefs":1832,"style":190},"k248",[1824,1828],{"_key":1825,"_type":174,"marks":1826,"text":1827},"k246",[1186],"Invest in Inventory Management Software:",{"_key":1829,"_type":174,"marks":1830,"text":1831},"k247",[]," With inventory management software, keep an eye on inventory levels, trends, and sales data. In addition to providing valuable insights, these tools can streamline the process of managing your inventory.",[],{"_key":1834,"_type":170,"children":1835,"markDefs":1840,"style":190},"k251",[1836],{"_key":1837,"_type":174,"marks":1838,"text":1839},"k250",[],"Now, it’s time to compare.",[],{"_key":1842,"_type":170,"children":1843,"markDefs":1848,"style":1189},"k254",[1844],{"_key":1845,"_type":174,"marks":1846,"text":1847},"k253",[1186],"Inventory Turnover Ratio Vs Inventory Turnover Rate",[],{"_key":1850,"_type":170,"children":1851,"markDefs":1856,"style":190},"k257",[1852],{"_key":1853,"_type":174,"marks":1854,"text":1855},"k256",[],"Regarding inventory management, you might come across two terms: \"inventory turnover ratio\" and \"inventory turnover rate.\" Here's what they mean for you:",[],{"_key":1858,"_type":170,"children":1859,"level":1382,"listItem":1464,"markDefs":1867,"style":190},"k262",[1860,1863],{"_key":1861,"_type":174,"marks":1862,"text":1415},"k260",[1186],{"_key":1864,"_type":174,"marks":1865,"text":1866},"k261",[]," This is a measure of how efficiently you're managing your inventory. It tells you how many times you've sold and replaced your inventory within a specific period, usually a year. You calculate it by dividing the cost of goods sold by the average inventory for the same period. It gives you a ratio indicating how well you manage your inventory and sales.",[],{"_key":1869,"_type":170,"children":1870,"level":1382,"listItem":1464,"markDefs":1879,"style":190},"k267",[1871,1875],{"_key":1872,"_type":174,"marks":1873,"text":1874},"k265",[1186],"Inventory Turnover Rate:",{"_key":1876,"_type":174,"marks":1877,"text":1878},"k266",[]," This term refers to the speed at which your inventory sells or is replaced. It's a more general measure and can be expressed in terms of the number of times your inventory is sold or replaced within a period, like monthly, quarterly, or annually.",[],{"_key":1881,"_type":170,"children":1882,"markDefs":1887,"style":190},"k270",[1883],{"_key":1884,"_type":174,"marks":1885,"text":1886},"k269",[],"So, while both terms are about how quickly your inventory is moving, the \"inventory turnover ratio\" gives you a specific ratio, while the \"inventory turnover rate\" is more about the speed or frequency of turnover.",[],{"_key":1889,"_type":170,"children":1890,"markDefs":1895,"style":1189},"k273",[1891],{"_key":1892,"_type":174,"marks":1893,"text":1894},"k272",[1186],"Inventory Turnover Ratio Vs Inventory To Sales Ratio",[],{"_key":1897,"_type":1898,"columnHeaders":1899,"hasColumnTitles":141,"hasRowTitles":152,"rows":1912},"k274","richTableBlock",[1900,1905,1908],{"_key":1901,"_type":1902,"cellIndex":1903,"title":1904},"k275","columnHeader",0,"Ratio",{"_key":1906,"_type":1902,"cellIndex":1382,"title":1907},"k276","Inventory Turnover Ratio",{"_key":1909,"_type":1902,"cellIndex":1910,"title":1911},"k277",2,"Inventory to Sales Ratio",[1913,1951,1987],{"_key":1914,"_type":1915,"cells":1916},"k278","row",[1917,1929,1940],{"_key":1918,"_type":1919,"content":1920},"k279","richTableCell",[1921],{"_key":1922,"_type":170,"children":1923,"markDefs":1928,"style":190},"k310",[1924],{"_key":1925,"_type":174,"marks":1926,"text":1927},"k309",[],"Aim",[],{"_key":1930,"_type":1919,"content":1931},"k282",[1932],{"_key":1933,"_type":170,"children":1934,"markDefs":1939,"style":190},"k313",[1935],{"_key":1936,"_type":174,"marks":1937,"text":1938},"k312",[],"Shows how fast you sell and replace inventory in a year.",[],{"_key":1941,"_type":1919,"content":1942},"k285",[1943],{"_key":1944,"_type":170,"children":1945,"markDefs":1950,"style":190},"k316",[1946],{"_key":1947,"_type":174,"marks":1948,"text":1949},"k315",[],"Compares how much inventory you have to how much you sell in a month or a year.",[],{"_key":1952,"_type":1915,"cells":1953},"k288",[1954,1965,1976],{"_key":1955,"_type":1919,"content":1956},"k289",[1957],{"_key":1958,"_type":170,"children":1959,"markDefs":1964,"style":190},"k319",[1960],{"_key":1961,"_type":174,"marks":1962,"text":1963},"k318",[],"Calculated by",[],{"_key":1966,"_type":1919,"content":1967},"k292",[1968],{"_key":1969,"_type":170,"children":1970,"markDefs":1975,"style":190},"k322",[1971],{"_key":1972,"_type":174,"marks":1973,"text":1974},"k321",[],"Divide cost of goods sold by average inventory.",[],{"_key":1977,"_type":1919,"content":1978},"k295",[1979],{"_key":1980,"_type":170,"children":1981,"markDefs":1986,"style":190},"k325",[1982],{"_key":1983,"_type":174,"marks":1984,"text":1985},"k324",[],"Divide inventory value by sales revenue.",[],{"_key":1988,"_type":1915,"cells":1989},"k298",[1990,2001,2012],{"_key":1991,"_type":1919,"content":1992},"k299",[1993],{"_key":1994,"_type":170,"children":1995,"markDefs":2000,"style":190},"k328",[1996],{"_key":1997,"_type":174,"marks":1998,"text":1999},"k327",[],"Interpretation",[],{"_key":2002,"_type":1919,"content":2003},"k302",[2004],{"_key":2005,"_type":170,"children":2006,"markDefs":2011,"style":190},"k331",[2007],{"_key":2008,"_type":174,"marks":2009,"text":2010},"k330",[],"High Inventory Turnover Ratio means you're selling quickly; low Inventory Turnover Ratio means slower sales.",[],{"_key":2013,"_type":1919,"content":2014},"k305",[2015],{"_key":2016,"_type":170,"children":2017,"markDefs":2022,"style":190},"k334",[2018],{"_key":2019,"_type":174,"marks":2020,"text":2021},"k333",[],"High ratio may mean you have too much inventory; low ratio may mean your inventory's too low for your sales.",[],{"_key":2024,"_type":170,"children":2025,"markDefs":2030,"style":1189},"k337",[2026],{"_key":2027,"_type":174,"marks":2028,"text":2029},"k336",[1186],"So, How Can Aspire Help With Expense Management?",[],{"_key":2032,"_type":170,"children":2033,"level":1382,"listItem":1383,"markDefs":2051,"style":190},"k347",[2034,2038,2042,2047],{"_key":2035,"_type":174,"marks":2036,"text":2037},"k343",[1186],"Effortless Invoicing:",{"_key":2039,"_type":174,"marks":2040,"text":2041},"k344",[]," With Aspire, ",{"_key":2043,"_type":174,"marks":2044,"text":2046},"k345",[2045],"k340","creating, sending, and managing invoices",{"_key":2048,"_type":174,"marks":2049,"text":2050},"k346",[]," easily. Our platform ensures seamless synchronisation and automatic reconciliation, helping you get paid faster and reducing administrative overhead.",[2052],{"_key":2045,"_type":188,"externalUrl":2053,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Finvoice-management",{"_key":2055,"_type":170,"children":2056,"level":1382,"listItem":1383,"markDefs":2074,"style":190},"k357",[2057,2061,2065,2070],{"_key":2058,"_type":174,"marks":2059,"text":2060},"k353",[1186],"Real-Time Spend Control:",{"_key":2062,"_type":174,"marks":2063,"text":2064},"k354",[]," Take control of your company's spending by ",{"_key":2066,"_type":174,"marks":2067,"text":2069},"k355",[2068],"k350","setting budgets",{"_key":2071,"_type":174,"marks":2072,"text":2073},"k356",[]," and tracking expenditure in real-time. With Aspire, you can establish spend limits, delegate tasks, and scale your business with ease, empowering you to manage finances effectively.",[2075],{"_key":2068,"_type":188,"externalUrl":2076,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fbudgets",{"_key":2078,"_type":170,"children":2079,"level":1382,"listItem":1383,"markDefs":2097,"style":190},"k367",[2080,2084,2088,2093],{"_key":2081,"_type":174,"marks":2082,"text":2083},"k363",[1186],"Streamlined Payments:",{"_key":2085,"_type":174,"marks":2086,"text":2087},"k364",[]," ",{"_key":2089,"_type":174,"marks":2090,"text":2092},"k365",[2091],"k360","Automate bulk payments",{"_key":2094,"_type":174,"marks":2095,"text":2096},"k366",[]," and payroll processing to streamline operations and reduce processing time. Aspire helps you save time and resources, allowing you to focus on growing your business without worrying about manual payment tasks.",[2098],{"_key":2091,"_type":188,"externalUrl":2099,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fbulk-payments",{"_key":2101,"_type":170,"children":2102,"level":1382,"listItem":1383,"markDefs":2120,"style":190},"k377",[2103,2107,2111,2116],{"_key":2104,"_type":174,"marks":2105,"text":2106},"k373",[1186],"Simplified Payables:",{"_key":2108,"_type":174,"marks":2109,"text":2110},"k374",[]," Our platform ",{"_key":2112,"_type":174,"marks":2113,"text":2115},"k375",[2114],"k370","simplifies the payable proces",{"_key":2117,"_type":174,"marks":2118,"text":2119},"k376",[],"s, enabling you to pay invoices with just an email forward. This optimises cash flow, centralises bill management, and ensures timely payments to vendors, improving efficiency and reducing errors.",[2121],{"_key":2114,"_type":188,"externalUrl":2122,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fbill-pay",{"_key":2124,"_type":170,"children":2125,"level":1382,"listItem":1383,"markDefs":2143,"style":190},"k387",[2126,2130,2134,2139],{"_key":2127,"_type":174,"marks":2128,"text":2129},"k383",[1186],"Custom Expense Policies:",{"_key":2131,"_type":174,"marks":2132,"text":2133},"k384",[]," Create ",{"_key":2135,"_type":174,"marks":2136,"text":2138},"k385",[2137],"k380","custom expense policies",{"_key":2140,"_type":174,"marks":2141,"text":2142},"k386",[]," directly on Aspire to enforce compliance and control over employee spending. Our advanced rule engines allow you to build complex policies and accelerate operational workflows while gaining greater financial oversight.",[2144],{"_key":2137,"_type":188,"externalUrl":2145,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fexpense-policy",{"_key":2147,"_type":170,"children":2148,"level":1382,"listItem":1383,"markDefs":2175,"style":190},"k402",[2149,2153,2157,2162,2166,2171],{"_key":2150,"_type":174,"marks":2151,"text":2152},"k396",[1186],"Integrated Expense Management:",{"_key":2154,"_type":174,"marks":2155,"text":2156},"k397",[]," Aspire's integrated expense management solution offers instant ",{"_key":2158,"_type":174,"marks":2159,"text":2161},"k398",[2160],"k390","corporate cards",{"_key":2163,"_type":174,"marks":2164,"text":2165},"k399",[],", streamlined claims processing, and robust spend controls. You can optimise processes, enhance financial efficiency, and ensure in-policy spending by automating ",{"_key":2167,"_type":174,"marks":2168,"text":2170},"k400",[2169],"k393","expense management",{"_key":2172,"_type":174,"marks":2173,"text":2174},"k401",[]," without compromising control.",[2176,2178],{"_key":2160,"_type":188,"externalUrl":2177,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fcorporate-card",{"_key":2169,"_type":188,"externalUrl":2179,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fexpense-management",{"_key":2181,"_type":170,"children":2182,"markDefs":2196,"style":190},"k410",[2183,2187,2192],{"_key":2184,"_type":174,"marks":2185,"text":2186},"k407",[],"So, boost your company’s expense management by opening a ",{"_key":2188,"_type":174,"marks":2189,"text":2191},"k408",[2190],"k404","business account",{"_key":2193,"_type":174,"marks":2194,"text":2195},"k409",[]," with Aspire today!",[2197],{"_key":2190,"_type":188,"externalUrl":2198,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fbusiness-account",{"slug":1148,"title":1149},{"_type":154,"alternativeText":2201,"height":1055,"url":2202,"width":1057},"Understanding Inventory Turnover for Business Success","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002Fcda506bcbca36f8136020161d08f7027\u002Funderstanding-inventory-turnover-for-business-success_cover.webp",[2204],{"_key":2205,"_type":170,"children":2206,"markDefs":2210,"style":190},"k0",[2207],{"_key":1184,"_type":174,"marks":2208,"text":2209},[],"Discover the essentials of inventory turnover ratio, its formula, and how to calculate inventory turnover days for efficient stock management.",[],[2212],{"_key":1181,"_type":170,"children":2213,"markDefs":2217,"style":190},[2214],{"_key":1184,"_type":174,"marks":2215,"text":2216},[],"As a business owner, you know some products will fly off the shelves while others gather dust. And sometimes, it's somewhere in between. That's where knowing how fast things are selling becomes super essential and where the inventory turnover calculation comes in. It's your weapon for setting prices, managing supplier relationships, and deciding when to promote or retire a product.",[],"2025-07-03T00:00:00.000Z",{"_type":149,"metaDescription":2209,"metaTitle":2201,"socialShareImageUrl":2220},{"_type":154,"alternativeText":2201,"height":1055,"url":2202,"width":1057},"understanding-inventory-turnover-for-business-success",1790931431469]