Lawrence Chai, managing director of 3E Accounting Pte. Ltd. and Mrs Chai, director of 3E Accounting Pte. Ltd. are privileged to be featured in the Singapore Business Review – Get to know the husband-and-wife duo behind the novice 3E Accounting on 24 April 2015.
Singapore Business Review – 24 April 2015 write-up for the husband-and-wife duo, Lawrence Chai and Mrs Chai of 3E Accounting Pte. Ltd.
While many people try to look for the perfect formula to balance their professional and personal lives, this husband-and-wife duo breaks the norm by setting up their own accounting company. Lawrence Chai, 30, and Mrs Chai, 31 who are both accounting professionals, began noticing the increasing gap between the high fees that accounting companies were charging and the quality of service clients were receiving. Knowing their abilities to offer better quality services at economical prices, they launched 3E Accounting in 2011.
Lawrence Chai, who acts as the managing director, is a member of the Association of Chartered Certified Accountants. Prior to establishing 3E, Lawrence worked in a medium-sized audit firm in Singapore and Malaysia. He started his career at Baker Tilly Monteiro Heng, an affiliate firm of Baker Tilly in Malaysia, where he was involved in the audits of listed and non-listed companies from a variety of industries. He was also involved in business advisory work including due diligence reviews for both local and overseas companies and special investigation engagements.
Mrs Chai acts as the director of the firm. She is also a member of the Association of Chartered Certified Accountants and is a Chartered Accountant of Singapore. Prior to joining her husband, Mrs Chai was the accountant for a listed company in Singapore.
3E Accounting aims to provide professional incorporation, accounting, tax, immigration and compliance services for start-ups and small- to medium-sized firms. This Singapore-based firm operates parallel to their mission of three ‘Es’ from the company name itself: efficiency, effectiveness and economy. Its vision is to “become the leading provider of corporate services in Singapore.” Above and beyond all, Lawrence said their clients remain their top priority. To communicate with integrity, Lawrence said that trust, transparency and professionalism are the keys to building a good network for 3E Accounting.
Their budget was tight and had to be managed appropriately to cater to all aspects of the growing business. The next hurdle that they had to overcome was recruiting the right-fitted employees – people who are dedicated, committed and diligent to do their duties and responsibilities.
“As manpower was and still very much an imperative factor often tied to business and its successes, we were rather stringent when it comes to employing the correct people for 3E Accounting,” said Lawrence.
Singapore Business Review – 24 April 2015
Today, 3E Accounting has expanded from 2 to 35 members in only 4 years and serves more than 1,000 customers.
Over the course of time, 3E Accounting have earned recognition from Association of Chartered Certified Accountants (ACCA) for having benchmarked standards of staff training and development.
3E Accounting already has an office based in Malaysia and the team plans to set up in Hong Kong as well in the next two years.
3E Accounting Pte. Ltd. wishes to thank Singapore Business Review for the feature and all staff and clients for their tremendous support.
View in PDF: Singapore Business Review