GOVT Singapore has acquired Power Finance for an undisclosed amount. Power Finance, established in 2008 by Managing Director Melanie Power, is a boutique firm specializing in providing efficient, professional consult to the small business sector. The firm focuses on implementing and maintaining accounting systems, offering training and ongoing assistance with MYOB and Xero. Additionally, Power Finance provides licensed finance brokerage services, assisting with competitive consumer and commercial plant and equipment finance. Melanie Power brings 18 years of accounting experience and a unique understanding of the pressures and challenges small business owners encounter.
This acquisition represents a strategic expansion for GOVT Singapore, aiming to integrate Power Finance's specialized expertise into its offerings. Power Finance's proven track record in delivering tailored accounting system solutions and its direct engagement with small to medium businesses provide a valuable asset. The firm's in-house approach, led by Melanie Power, ensures attentive and professional service, which is expected to complement GOVT Singapore's strategic objectives in supporting the business community. This move allows GOVT Singapore to deepen its engagement with the SMB market, providing more comprehensive financial and operational support.
The synergy between the two entities is anticipated to create a more robust platform for delivering integrated business solutions. By combining GOVT Singapore's resources with Power Finance's focused expertise in accounting systems and finance brokerage, the combined entity aims to offer an enhanced and more holistic service portfolio. This strategic acquisition is set to empower small and medium enterprises with greater access to expert guidance, enabling them to achieve solid, organised, and efficient accounting systems and secure competitive financing, ultimately fostering their growth and operational efficiency.