Razor State Consulting (“Razor State”)
aims to assist investment fund managers in Singapore
Singapore, February 27, 2024 – Razor State, a division of the Chicago, USA-based global fund services
and technology company Formidium Corp., has announced an entry and expansion of
its services into the Singapore market. The strategic move is to establish
Razor State as the modern and global corporate services provider to Singapore’s
investment management companies, with its mission to deliver unparalleled
financial accounting and operational support.
Razor State is set to address the distinct challenges of the local
business landscape in Singapore. Fund Managers can take advantage of Razor
State’s ManCo services, which are tailored to help them navigate financial
accounting, local taxes, and reporting complexities. These services address
issues like shadow accounting, financial reporting, regulatory filings, tax
compliance, treasury services, and investor relations support and cater to the
diverse needs of fund management companies, startups, and SMEs. Razor State
offers a range of services aimed at boosting efficiency, cutting costs, and
allowing the core management team of such investment management companies,
startups, and SMEs to focus on business growth rather than getting occupied
with accounting and reporting duties.
Razor State’s expertise in addressing back-office pain points will
benefit Singapore, a key hub for finance and innovation. Razor State’s target
is to assist businesses in navigating financial complexities, offering a suite
of services designed to enhance efficiency, reduce costs, and foster
sustainable growth.
Robert S. Naka, the Executive Vice President of Razor State Consulting,
said, “With the invaluable support of our technology, finance, and
accounting professionals, we joyfully declare our expansion into Singapore. We
anticipate that this growth will assist Singapore companies in enhancing
productivity as our skilled professionals seamlessly manage back-office tasks,
addressing their operational challenges.”
Deepa Arora, Director of Razor State and the business leader in
Singapore, expresses enthusiasm: “Our foray into Singapore is a
testament to our dedication to supporting the vibrant spirits of the region. We
understand the challenges faced by businesses, and our highly trained
professionals are ready to provide world-class financial accounting and operations
support. I am very excited to lead the Singapore business development for Razor
State.”
The expansion of Razor State includes extensive offerings in management
accounting and corporate accounting support, including financial reporting,
accounts receivable and payable management, treasury services, investor
relations support, regulatory filings, tax compliance, payroll management, and
year-end audit and tax support.
