FAQs
All Your Professional Services Queries
Business Process Outsourcing
1. What is Business Process Outsourcing (BPO)?
Business process outsourcing is the practice of contracting a third-party service provider to handle specific business functions or processes. At Agilience Asia, our BPO services encompass accounting & bookkeeping, payroll, corporate taxation, GST & withholding tax, and others!
2. Why do I need to outsource my business functions?
A common inhibitor to business growth faced by owners and entrepreneurs is the lack of resources or capacity to enhance processes, coupled with insufficient operational insights for informed decision-making, often resulting in ambiguity regarding the profitability of individual projects or services and delays in receiving timely financial reports. Here’s why you should outsource your accounting & bookkeping functions:
a. Cost-Effectiveness: Outsourcing can often be more cost-effective than hiring and maintaining an in-house accounting team. It allows you to pay for the services you need, when you need them, without the overhead costs associated with permanent staff.
b. Expertise and Efficiency: Professional accounting and bookkeeping services bring a high level of expertise and efficiency to your financial processes. Outsourcing to a specialised team ensures that your financial records are accurately managed and compliant with regulations.
c. Focus on Core Business Activities: By outsourcing these functions, you can free up valuable time and resources to focus on core business activities, such as growing the company, building customer relationships, and developing new products or services.
d. Access to Advanced Technology and Resources: Outsourced accounting firms often have access to advanced accounting software (like Agilience Asia does!) and resources that may not be feasible for smaller businesses to invest in on their own.
e. Scalability: Outsourced services can easily adapt to the changing needs of your business, whether it is seasonal fluctuations or periods of rapid growth, without the complexities of hiring and training additional staff.
Outsourcing your accounting and bookkeeping functions can provide peace of mind. You can entrust these critical tasks to proven professionals, allowing you to concentrate on driving the success of your business.
3. What industries do you cater to?
We extend our services to a wide range of industries, including but not limited to healthcare, e-commerce, technology, finance, telecommunications, oil & gas, and more. Our team is trained to adapt to specific industry requirements and regulations.
4. How do I get started with Agilience Asia's BPO services?
It’s simple! Simply reach out to us through our website, phone, or email, and our representatives will guide you through the process. We will assess your business needs, provide a customised solution, and develop an implementation plan tailored to your requirements!
Special Projects
1. What are common challenges organisations may face during Finance Process Redesign?
2. How long does it typically take to complete a Finance Process Redesign project?
The timeline for completing a Finance Process Redesign project can vary depending on the scope and complexity of the processes being redesigned. It may range from a few months to a year, including planning, implementation, and evaluation phases.
3. What are the common signs that a business needs a Bookkeeping Tidy Up?
4. What kind of Disruptive Events Support does Agilience Asia offer?
Our Disruptive Events Support services are designed to help businesses navigate unexpected challenges such as business changes, regulatory requirements or changes, and high staff turnover. We provide operational continuity solutions and support tailored to your specific needs.
Corporate Secretarial
1. Do all companies need a Company Secretary?
Under Singapore’s Company Law, it is mandatory for each company to designate a Company Secretary, with the stipulation that the position cannot remain vacant for over six months. The role of the Company Secretary is to ensure the company’s adherence to pertinent legislation and regulations. You may also become your own Company Secretary, provided that you are a local Singapore resident and not the sole director of the company. However, undertaking this role requires proficiency in statutory obligations, including the preparation of necessary various documentation such as the annual return to ACRA.
2. What are the specific legal and compliance responsibilities of a Company Secretary?
A Company Secretary is responsible for ensuring compliance with statutory requirements, maintaining accurate corporate records, filing necessary documents with regulatory authorities, and advising the board of directors on governance matters, among other crucial legal and compliance responsibilities.
3. What risks do companies face without a Company Secretary?
- Non-Compliance Penalties: Failure to meet statutory requirements can result in substantial fines and legal consequences.
- Operational Disruptions: Inadequate record-keeping and delayed filings can disrupt operations and damage the company’s credibility.
- Governance Issues: The lack of expert guidance on governance matters may lead to poor decision-making and practices, potentially harming the company’s reputation and long-term success.
4. How do I get started with Agilience Asia's Company Secretary services?
Getting started with Agilience Asia’s company secretary services is straightforward! Contact us through our website, phone, or email, to initiate the process. Our representative will guide you through the initial steps and assess your business requirements to provide a customised solution tailored to your needs.
Once approved, notify your current service provider about the change to ensure a hassle-free transition. In addition to our seamless secretarial services, you can also enjoy the benefit of a registered address for your company!
Deal Advisory
1. What are Deal Advisory services?
Deal Advisory services encompass a comprehensive range of strategic and financial support designed to assist businesses throughout the lifecycle of transactions. This includes evaluating, structuring, negotiating, and executing mergers, acquisitions, divestitures, joint ventures, and other significant business transactions.
2. How can Deal Advisory services benefit my business?
Deal Advisory services provide essential support by helping your business identify and evaluate potential opportunities, navigate complex transactions, and maximise value. We also work to minimise risks and business disruptions and ensure that transactions align with your strategic objectives, ultimately contributing to your long-term success.
3. How can your team assist in identifying potential M&A targets, strategic partners, or buyers?
At Agilience Asia, our experienced team draws on extensive network connections, industry expertise, and thorough market research to identify potential M&A targets, strategic partners, or buyers that align with your strategic objectives and criteria. This comprehensive approach ensures that we find opportunities that best support your business goals.
4. What is the process involved in engaging Agilience Asia's Deal Advisory services?
Fund Solutions
1. What are Fund Solutions?
Fund Solutions is a specialised corporate services and fund administration package for fund managers and their portfolios.
At Agilience Asia, we work with private equity, venture capital, and real estate managers, on an operating model built to scale to hedge, credit, infrastructure, and family office structures.
The integrated stack covers five tracks: Launch & Regulatory Onboarding, Fund Administration, Fund Manager Back-office, SPV & Holding Entity Compliance, and Portfolio Company Support.
2. Who are Fund Solutions for?
Our Fund Solutions are built for MAS-licensed fund managers, general partners, single- and multi-family offices, and their portfolio companies across investment strategies.
Whether you are launching your first fund, scaling an existing platform, or managing a mature portfolio, our operating model is designed to sit across every layer of the structure, from the management company down to individual investment vehicles.
3. How is this different from a traditional fund administrator?
Traditional fund administrators focus primarily on NAV calculation, investor register maintenance, and capital call mechanics. We provide fund administration as part of our stack, wrapped in a broader, integrated corporate services layer that most standalone administrators do not offer:
a. Coordinated Delivery: Accounting, corporate secretarial, tax, and compliance run through a single team, reducing the friction of managing three or four separate vendors.
b. Cost Efficient Model: Our dual Singapore-Malaysia delivery model gives you top tier institutional quality at a materially lower cost base than legacy providers.
c. Cloud Native Visibility: Real-time financial visibility across every entity in the structure, on one platform, not month-end PDFs.
e. Senior-Led Engagement: Direct partner involvement across the relationship, not junior team hand-offs.
4. How do I get started with Agilience Asia's Fund Solutions services?
It’s simple.
Reach out to us through our website, phone, or email. We will schedule a 30 minute scoping call to map your fund architecture and current expenditure, and follow up within 3 to 5 business days with a tailored proposal.