What problem does the new Professional Services Centre aim to solve for businesses?

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The Professional Services Centre aims to streamline cross-border expansion by providing a coordinated network for accessing local expertise and connections.

The Professional Services (PS) Centre, launched in Singapore, addresses the fragmented and time-consuming process businesses currently face when expanding into new international markets. It aims to resolve the challenge of companies having to individually source essential services such as legal counsel, accounting, tax advice, and human resources consultancy in each new territory they enter. By establishing a trusted regional network, the PS Centre offers a unified platform that simplifies access to local knowledge, professional expertise, and vital business connections, thereby reducing the complexity and uncertainty associated with international growth.
Centralised Access to Diverse Professional Expertise

Businesses venturing into foreign markets often require a multitude of professional services. The PS Centre consolidates these needs by bringing together experts from various disciplines, including legal, accounting, tax, corporate secretarial, human resources, valuation, sustainability, and business consulting. This multidisciplinary approach ensures that companies can receive coordinated support rather than having to engage with each professional service provider separately, a significant improvement over the traditional, piecemeal method.
Facilitating Local Knowledge and Business Connections

Beyond professional advice, the PS Centre actively connects businesses with crucial local resources. This includes introductions to local business associations, government agencies, chambers of commerce, and other ecosystem partners. By leveraging these established networks, companies can gain invaluable local insights and build relationships more efficiently, overcoming the hurdles of operating in unfamiliar markets and accelerating their entry and operational setup.
The Business Growth Clinic Initiative

A key component of the PS Centre's offering is the Business Growth Clinic. This initiative allows business owners to present their real-world challenges to a panel of multidisciplinary professionals. Through this clinic, businesses receive practical guidance and are directly connected with the appropriate experts to help advance their expansion plans, whether the challenges involve overseas growth, technological adoption, capital raising, or business restructuring.
Reducing Time and Uncertainty in Market Entry

The overarching goal of the PS Centre network is to significantly shorten the time it takes for businesses to enter new markets and to mitigate the inherent uncertainties involved. Early results from existing centres, such as those in Shanghai and Ho Chi Minh City, demonstrate this benefit, with companies like Unity Assurance, Morningstar, and Koda Ltd experiencing facilitated market entry, new business opportunities, and essential local introductions through the network.

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What problem does the new Professional Services Centre aim to solve for businesses?

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