Razor State Consulting enters Singapore’s Corporate Services for Investment Management Companies

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.