Most organizations, today, are being pressed to improve their reporting process. Speeding up the process is not proving sufficient as what is being sought today is transparent and reliable information.The finance departments in most companies are playing a large role in decision making and are offering crucial business support.With the ever increasing demand of faster and transparent reporting, finance departments are aiming at reducing the data compilation time as they endeavor to provide high quality information faster. In this primer we help you to gather an accurate concept about a business report.

Read more: Understanding the importance of business reports

Key reasons why Singapore is World’s Best to set up a business

Owing to the pro-business regime in Singapore, global businesses today are deciding to base their headquarters in the country. Well-connected globally, Singapore offers a conducive environment for business. Few vital facts and statistics support this fact. The country has been ranked as Number One in the world for offering an environment where doing business is easy. It is the third most globalized among all the large economies, which has been stated in a report released by Ernst and Young. Additionally, businesses here benefit in a great way as there is no dividend or capital gains tax.

Read more: Why Singapore is the best place for business

Singapore: An effective outsourcing destination

In the recent times the business sector has been witnessing widespread outsourcing. It is an important strategy which business owners are taking resort to. As businesses focus on adopting effective strategies, outsourcing remains a practical choice. Singapore ranks fourth in the list of top 10 countries where companies outsourcing business to both foreign and local companies can get work outsourced from Singapore at low prices which helps them to reach the cost-cutting goals. 

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Businesses in Singapore should consider outsourcing accounting & bookkeeping operations

Singapore is well-known as one of the leading business hubs in Asia. It is the business outsourcing in Singapore which has lead to its phenomenal growth. The recent times have witnessed some inspiring moves which include relocation of Hoya’s(Japanese optical lens maker) CEO office to Singapore. In 2014 General Motors of United States shifted its headquarters of international operations from Shangai to Singapore. The large companies have contributed to Singapore’s economic freedom considerably. It is an undisputed fact that ROI is the ultimate motive of these companies. What helps them attain the business goals is a well-guarded management.

Read more: Reasons why Singapore businesses should consider outsourcing of accounting and bookkeeping services
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