Corporate Services Singapore Urges New SMEs To Go Digital

CENTRAL, Singapore - Jan. 16, 2019 - PRLog -- Singapore – Small and medium enterprises (SMEs) that have just been approved for company formation in Singapore can create a stronger foundation for their business when they consider building a digitally ready enterprise.

This is the advice recently provided by Corporate Services Singapore, a corporate services and business financial solutions provider, following the launch of the Start Digital Initiative by the Info-communications Media Development Authority and Enterprise Singapore.

"We can't deny that everything around us has gone digital. Even the business community is quickly adapting to this change to meet the needs of technology-savvy consumers," said Hans Teo, general manager at Corporate Services Singapore.

"It will be a smart move for new SMEs who have been approved for Singapore company formation to consider going digital as early as possible to be able to create a more competitive edge in the business they are involved in," he explained.

With the Start Digital Initiative, Hans stated new SMEs can have the tools they need to go the digital route. Under the initiative, SMEs can get access to foundational digital solutions which are offered for free in the first six months.

An 18-month commitment period is required to be eligible for this programme. After the first six months of signing up for the initiative, SMEs can still get access to their chosen digital solutions at a competitive price until the remainder of the commitment period.

"We at the company formation services industry welcome this new development as we see this as a great opportunity to attract more business-minded individuals to start their own SME," related Hans. "Programmes such as the Start Digital Initiative are a testament to the government's continuous efforts in making Singapore the best destination to do business for today's entrepreneurs."

Driving Singapore's Economy

There is no surprise why the Singaporean government continues to empower the SME community. To date, SMEs make up about 99% of the country's enterprises and significantly contribute to nearly half of its gross domestic product.

Recognising their great potential in fuelling the country's economy, the government continues to find ways to boost SMEs' competitiveness and productivity. Providing the essential tools in transforming into a digitally powered enterprise has always been one of the government's top agenda to ensure that these businesses remain innovative and technology-ready to bag more business opportunities and foster growth.

The Start Digital Initiative is the fulfillment of this objective, giving SMEs the opportunity to boost digitalisation. Under the initiative, SMEs can choose two from five digital solutions that are being offered: accounting, human resource management system and payroll, digital marketing, digital transactions, and cyber security.

"Taking advantage of these digital solutions will allow new SMEs to lay a good foundation for productivity and business growth. Just imagine the ease and efficiency these businesses may take advantage of when they digitise their core business functions. This means more time that they can allot to focus better on managing and expanding the business," shared Hans.

The introduction of the initiative is timely, added Hans, as more and more companies want a simpler yet efficient way to start a business.

"This is the reason as well that new businesses are hiring company formation services in Singapore. They want to be assured of a quick yet efficient way to simplify the process of starting an SME business or any other company in Singapore," he said.

A Hassle-free Solution to Start a Digital SME Business

For Hans, there is no better time than now for new SMEs to engage a company formation service as this forms a winning formula with the Start Digital Initiative.

"Engaging a professional services provider like Corporate Services Singapore for simple company formation, combined with the Start Digital Initiative to help get a headstart in the business, just might be your recipe for business success in the Lion City. From starting your business to running it, the process is simplified for you so that you can manage your company with a more competitive edge," explained Hans.

When engaged with a company formation services in Singapore, new SMEs need not worry about handling the registration of the business. The firm provides specialists who handle everything they need to secure a successful company incorporation.

From ensuring all the various steps in the formation of a company are strictly followed to providing valuable insights to ensure a successful business operation in Singapore, a company formation service has the expertise and experience necessary to expedite company incorporation with ease and efficiency.

On top of these services, hiring a corporate services firm opens new SMEs up to other services that aid in streamlining the business. Corporate Services Singapore, for example, offers business financial solutions like outsourced accounting and corporate secretarial services to help companies further simplify their business operations.

"Most corporate services firms offer comprehensive solutions to meet all the aspects of the business. Corporate Services Singapore, for instance, can help you with specific services like company formation with a bank account or registering your offshore business. Our packages are priced affordably with the aim of helping more companies get set up faster and experience the advantage of doing business in the country," stated Hans.

When engaged with a reputable firm for Singapore company formation, SMEs can easily focus on opportunities that are designed to boost business growth, such as the Start Digital Initiative.

"The faster you get set up for business with a company formation services in Singapore - https://www.corporateservicessingapore.com/company-incorp..., the faster you get to take advantage of government programmes like the Start Digital Initiative. In this day and age of fierce business competition, you need all the help and assistance you can get to ensure your business success," concluded Hans.