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Happy Ice: Eyes on Cash
Happy Ice, a Singapore-based startup, is a vending machine developer and ice-cream wholesaler cum distributor with an operation team of eight members. As of August 2017, Happy Ice operated 60 vending machines in the city-state to sell its healthier-choice ice cream, with less sugar, fat and calories, imported from Taiwan. With its successful operations in the Singapore market, the company planned to launch similar operations in Malaysia with a franchise model by the end of 2017. With the expansion plan in mind, the founder cum director of Happy Ice, Mr. Daniel Ma, wondered if anything could be done to improve the internal control system of the company, especially that of the working capital.