What We Offer
Financial Advisory Service by AKPK provides a platform for SMEs (registered as company or business partnership or sole proprietorship) to seek advice related to loan repayment obligations to financial institutions.
SMEs play a crucial role in the economy, shaping the lives of the people that they employ as well as the nation. This financial advisory service is one of the ongoing efforts by AKPK to support the economy by imparting money management skills and helping SMEs gain a solid footing in their finances in order to remain resilient during challenging times and beyond.
Experienced AKPK Financial Advisors (FA) will assist SMEs:
- To obtain more information regarding additional financing facilities by the government.
- To obtain flexibility in loan repayment through assistance from financial institutions and several other initiatives including programmes under AKPK, namely the Small Debt Resolution Scheme (SDRS) for SMEs and the Debt Management Programme (DMP) for individuals and businesses under sole-proprietorship category.
Access to Financing
For access to financing, SMEs may opt to apply for loans/financing from banks, Development Financial Institutions (DFIs), government agencies, alternative financing through peer-to-peer lending and guarantee schemes.
For the best matched financing facility available in the market from financial institutions, SMEs are advised to maximise imSME as a referral platform by visiting www.imsme.com.my for details.
Financial Management
Financial management is the practice of handling the business’s finances in a way that allows it to be successful and compliant with regulations.
It is important for a company to maintain a good financial management as any decisions taken will affect the financial condition of the company.
Credit Management
An effective credit management plan will help to protect the business’s cash flow, optimises performance as well as minimises the possibility that a default will adversely impact the business.
Effective credit management coupled with a good credit rating can help restore SMEs performance and further enhance their chances of obtaining future loans from the financial institutions as well as non-financial institutions.
Debt Management
The financial advisor will gauge the SMEs’ levels of indebtedness and ability to fulfil their obligations in servicing their financing repayment obligations.
In guiding the SMEs on the appropriate solutions to address their financial distress, the financial advisor will provide the necessary information on the effects of their choices (pros & cons/costs) i.e. restructuring, rescheduling and deferring existing loan repayments to the total entire loan amount as well as legal consequences i.e. recoveries process and winding-up of the company or guarantor being declared bankrupt if the company / business fails to fulfil their responsibilities to the financial institution.
Business Innovations
Advisory will be provided on the adaptation of e-payment technologies to address issues on business transactions and sales, budget, cash flow to lead to a positive change in the business and boost the business’s productivity.
It also includes advisory on risk management and insurance for business which aims to provide protection for financial, legal or operational risk which may be faced by the business and could negatively affect the business’s finances. The frequency and severity of such risks will depend on the type of services or goods provided by the company, the business's risk avoidance strategies and various external factors including geography and the overall economy.