The growth of a business depends on its ability to adapt to the changing market and its needs. Thus, companies need to widen their horizons after establishing themselves in the national market. Luckily Aspire Singapore has got all your management and transactional needs covered. So, you can seamlessly make your Singaporean business stand out in the global economy.
A business’s revenue and profits can rise if it expands its consumer base beyond its country of origin. Aspire understands how difficult it is to branch out your business overseas, so its products are designed precisely to tackle this challenge. They provide various services that make it easier for a company to branch out internationally.
1. Upgrade to a multi-currency account:
A multi-currency account is an account that, unlike traditional bank accounts, lets the account owner store money in different currencies. It’s the best option for international businesses because companies can save a lot of money by opting out of the mandatory currency exchange that would’ve otherwise brought along hefty foreign exchange taxes (if viewed in the context of multiple transactions).
A multi-currency account can make it easier for a business to invest in foreign assets and keep revenue immune to the effects of fluctuating economies. It’s also easier to track transactions as the company can choose when to change the amount between different currencies.
With an Aspire multi-currency account, a business can send or receive money in 30+ currencies, including USD, SGD and IDR. Additionally, the taxes are three times cheaper than traditional forex transactions, and there are no hidden charges. Additionally, a company can issue as many virtual multi-currency cards as they wish with Aspire.
2. Automate your account books:
Manually tracking all financial transactions has become a thing of the past for most businesses, regardless of size. Financial management software like Aspire reduces human error and makes accounting faster and easier for account managers. Aspire’s intelligent financial management software lets the business track their expenses, investments, assets and revenue all in one place.
Moreover, the user interface is designed to keep things accessible and clear for the account managers.Invoices and billing data can be uploaded online to be kept safely for as long as the business wishes to support them.
3. Switch to smart invoicing:
Innovative invoicing service differs tremendously in terms of accessibility. An innovative invoice service, such as Aspire’s, lets business owners generate tax-compliant invoices within minutes. It again factors into reducing human error. An intelligent invoicing system understands the importance of time.
It is implied by its ability to automate payment reminders and notifications for different clients- ensuring that you have all your financials tracked timely. In addition, invoices are automatically marked as paid once it has been matched with their respective payment information. It also provides an overview of all transactions made.
In the digital age, a business can only grow to its potential if it utilizes preexisting intelligent technologies to make financial management more effortless. Companies should use innovative tools like multi-currency accounts and financial management software to expand their business into global domains quickly.