Company Secretary Services ensure compliance with Companies Act

Small and medium enterprises (SMEs) are the modern equivalent of industries during the colonial period in Europe, leading the world in innovation, products, marketing strategies and prices.

The world, however, isn’t especially kind to newly started SMEs, with bigwigs in each industry putting their best efforts in stopping new competitors in their tracks.

We offer affordable company secretarial services to SMEs and help them fulfil their statutory obligations in an efficient manner.

To survive, and then thrive in such a world, good policy-making skills and effective use of money is mandatory, demanding the enterprises to expand and to expect the workforce to give in long-term commitment and come up with innovative, original work.  

This is where outsourcing work comes in.

When a company decides to outsource work, the first trepidations that enter an entrepreneur’s mind would be the lessening of his control on his product or service.

Depending on an outside entity to pull through with quality work at economic prices would seem far-fetched at most. But this has a good side to it, and that is networking.

Networking and improving your contacts is an essential factor today.  

Knowing the right person at the right time can prove invaluable when you need access to an efficient workforce, cheap raw material or faster services.

It also presents to your experience you would not normally have in your workforce.

By hiring a corporate secretary, you gain professional advice and counsel and also a fixed bar of quality from your team.

Outsourcing also gives you access to technology and skills you only need temporarily, in drastic situations such as expanding and branching, or testing new products.

By initially outsourcing such jobs, you gain technology and skills at a lower price.

Now moving on to the benefits of your workforce, recruiting permanent staff for a temporary job can hit the company badly in the long run when it would better invest in a technical member of the crew.

Outsourcing tedious and repetitive tasks such as accounting or a corporate secretary job ensure that your worker’s energy is always spent on worthy causes, which improves their satisfaction, and thus again the quality of work.

Knowing that the business owner’s work will be brought to completion by an experienced and professional worker also helps in boosting morale.

Outsourcing corporate secretarial work also reduces the workload on your employees, thus improving the positive atmosphere of the office.

Now which work to outsource is an important question.

Before considering outsourcing, decide the core duties of your company, involving the most strategy and innovation.

Anything else goes to outsourcing. One important role you would consider for outsourcing would be company secretary services.

Corporate secretarial work involves bits of organising, accounting, contracting and other non-technical, laborious jobs which can be better looked after by an outsourcing agent.

Not only does this ensure efficient work, but it also gives the company better privacy in its internal affairs.

In the end, we see that outsourcing is a great and cost-saving choice when it comes to SMEs, with low risk and high returns, as long as the company does adequate research on the kind of partner and the nature of work they need.

Should you need assistance or would like to find out more about Company Secretarial services in Singapore, please send an email to Contact@AccountingSolutionsSingapore.com, and our business advisor will contact you.