BestinSingapore Recommends 3E Accounting for Accounting, Book-keeping, Company Registration & Incorporation Services
BestinSingapore, one of the most influential websites in the region for corporate products and services online reviews, has featured 3E Accounting as one of the top choices to consider for accounting, book-keeping, company registration and incorporation services. 3E Accounting is proud to be recognised by BestinSingapore for providing professional services beyond excellence.
The One-Stop Service Provider
Formed in 2011 and headquartered in Singapore, 3E Accounting offers a complete suite of services that addresses all aspects of professional services. Under the concept of Three Es: Efficiency, Effectiveness and Economy, 3E Accounting has always been the one-stop-shop for business solutions such as Singapore Company Registration Services, Singapore Company Incorporation Services, and Singapore Accounting Services.
Recognised as the leading expert in the industry with more than 4,000 businesses and companies incorporated. 3E Accounting is well aware of the high demand for new companies to be set up in Singapore, ranked as the World’s Most Competitive Economy in the 2020 edition of IMD’s World Competitiveness Index. 3E Accounting provides an integrated array of services at cost-effective prices, with the assurance that all services are processed with full and complete compliance of regulations, laws and statutes. The firm takes charge of the corporate services for the company so that entrepreneurs can better focus on growing the business.
Digital Transformation & Robotics Technology
In 2019, Founder and Chief Technology Officer of 3E Accounting, Lawrence Chai, established the Digital Research and Development (R&D) team to spur development in advanced technological growth areas such as the Robotic Process Automation (RPA), Machine Learning (ML) and Artificial Intelligence (AI). The team was tasked to develop the Digital Master Plan to layout future industry trends and the roadmap for action.
Following a 15-month business transformation roadmap based on the Digital Master Plan, all business processes are now 100% digital, from company incorporation, accounting, taxation, human resource and corporate secretarial services for clients. With the aid of technology, 3E Accounting’s incorporation process which previously required two days to complete has been cut down to within an hour. The adoption of Cloud and robotics automation solutions has generated a 50% increase in work productivity and given the firm a strong edge over the competition.
Technology as a Driver of Success
With the advent of the 21st century and a rise in the integration of digital technology, it becomes apparent that technology will be the key driver for business success. This can be seen from the shared experience with the COVID-19 pandemic, where businesses were forced to establish an online presence at very short notice following a shift away from conventional physical stores after national and global lockdown restrictions. Those who were armed with a robust business plan remained, whilst many others who did not were made redundant.
This is why 3E Accounting has invested more than S$2.0 million for research and development of automation robotics. We have launched to date, technology initiatives such as the Financial Report Robot and the Robotic Process Automation Robot which has dramatically reduced up to 90% of the time on task completion, enabling 3E Accounting to serve a bigger client base and puts the firm at a 4x advantage as compared to industry competitors.
As the firm marks its 10th-anniversary milestone, 3E Accounting became the first SME accounting firm in Asia-Pacific to adopt robotics technology and disrupt the Accounting and Professional Services industry as the pioneering robotics accounting firm, with the development and deployment of remote processing and machine learning algorithms to support client services.