Corporate Services
Business Process Outsourcing (BPO)
BPO is contracting non-primary business activities and functions to a third-party provider. Corporate services are a subset of BPO.
Luxudor offers the following BPO outsourced services:
- Finance Planning and Reporting
- Business Development
- Data Mining
- Data Analytics
- Procurement
- Legal services
- Vertical-specific processes
- Digital Services and Social Media Marketing
- Information Technology Enabled Services (ITES)
- Customer Service
- Customer Success and Acquisition/Onboarding
- Call Centre operations
- Customer Relationship Management (CRM) function
Why engage a corporate service provider
Reduce your exposure and mitigate the stress of compliance deadlines
If these deadlines are missed, penalties might be incurred. These are the additional expenses that many companies do not want and which some cannot afford. An appointed company secretary at a corporate service provider will handle all compliance issues to ensure no missed deadlines.
Control and manage efficiencies in manpower costs
Outsourcing negates the cost of salaries for in-house employees of entire departments. The cost-savings are immediately achievable for many business profiles and are especially crucial for startups, and all businesses need to be prudent in their control of budgets; it is a wise business decision to outsource your requirements to experts whilst you focus on your own expertise.
Increased data security
Cybersecurity is a critical success factor in today’s world. Corporate service providers handle a large amount of sensitive data belonging to their clients. CSP should invest to protect data integrity and to ensure better security from cyber theft. Cybersecurity does not come cheap, especially if a company does not have funds to invest in this type of cost.
No downtime
A successful corporate service provider has a team that will handle all tasks and has the resilience that would require a multiple departments structure of a business entity. It has the capacity to support your business regardless of short-term obstacles or someone calling in sick and causing downtime to a service.
Competitive advantage
With non-core activities outsourced, an organisation can focus much more of its resources and energies on business operations, marketing and expansion activities.
Higher quality and better performance
Because it is the core business of a corporate service provider, it is able to focus on providing corporate services with greater accuracy, efficiency and speed.
Summary
For a more cohesive and seamless experience and to aid businesses in becoming more successful and sustainable, employ a corporate service provider that offers the full suite of non-core business solutions – corporate secretarial services, legal, accounting, tax and payroll. This type of corporation will be able to offer a much more competitive rate.
