Skip to content Skip to footer

FAQs

All Your Professional Services Queries

Business Process Outsourcing

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!

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.

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.

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

Common challenges during a Finance Process Redesign may include resistance to change by employees due to transactional work, lack of clarity on process objectives, inadequate resources or expertise, integration issues with existing systems, and ensuring ongoing stakeholder buy-in and support.
 
We support bridging all the gaps before, during, and after implementation, allowing business owners to focus on moving forward and adapting to the redesigned financial processes.

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.

Signs include disorganised or incomplete records, such as missing receipts or invoices, inaccurate aging reports, unexplained variances, missed reporting and statutory deadlines, and reliance on manual processes rather than automated accounting systems.
 
The solutions we can provide include cleaning up and reconciling all accounts, including bank, customer, and vendor accounts. We also offer quality and timely bookkeeping services by optimising accounting software for automation and efficiency. Additionally, we provide strategic advice on financial planning, risk management, and statutory compliance.

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

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.

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.

Without a Company Secretary, companies may face several risks, including:
  • 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.

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

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.

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.

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.

The process begins with an initial consultation to gain a thorough understanding of your business, objectives, strategic needs, and timelines. Following this, we conduct a comprehensive initial assessment of your business. Based on our findings, we develop a customised approach tailored to your specific requirements.
 
Our process typically includes the following steps:
 
Initial Consultation: Discuss your business goals, strategic needs, and transaction timelines
Initial Assessment: Evaluate your business to identify key areas of focus and potential challenges
Customised Approach: Develop a tailored strategy that aligns with your objectives and addresses your unique needs
Implementation: Execute the strategy with a focus on achieving your desired outcomes, including ongoing support and adjustments as needed
 
Throughout the process, we maintain transparent communication and provide regular updates to ensure alignment and progress toward your goals.