Over the years many companies across the world have managed their entity compliance data and processes separately through several providers, multiple platforms or, even worse, manually. The amount of information that is being housed in each of these locations is massive yet the processes being followed to maintain this data varies across the multiple providers a company is engaged with.
Computershare’s Global Entity Management as a Service solution has alleviated this pressure for you because now your working with a trusted partner and a team of experts to handle everything entity for you. But what about registered agent services? And you can’t forget about your business licenses. So much of the data tracked to manage your entities is also needed by your Registered Agent and coincidentally, represents much of the same data needed to manage your business licenses. While you’ve already reduced a lot of data redundancy efforts and decreased time wasted managing your entity compliance, you can now take it a step even further.
And that’s exactly what you’ll want to do to avoid these top five most common inefficiencies companies face:
1. Siloed data.
Managing data can be cumbersome to begin with. Now consider that you are managing entity management, registered agent services, and business licenses data in multiple places. Is your data accurate and consistent across different spreadsheets or platforms? How much time are you wasting updating your entity data, separately? You’re running a huge risk of housing inaccurate data and missing important regulatory deadlines that can result in significant penalties for your organization.
2. Too many vendors for similar services.
One of the first steps in operating a successful business is minimize your costs. If you’re working with multiple vendors for services that can be provided through a single partner, you are definitely paying for it. Eliminating multiple invoices and reducing the number of contracts you have to manage allows you to gain a clear picture of your spend – making it easier to accurately budget and avoid surprises. Save yourself time and money by centralizing your entity management, registered agent and business license data into a single solution.
3. Extensive manual effort.
Need we say more? Too much manual effort will consume your day limiting your ability to focus on more strategic initiatives; and, to run your business efficiently that simply can’t happen. Take the pressure off by trusting one partner to manage your domestic and international entities, registered agent data and business licenses. And one that can alleviate administrative burdens by automating more than 30 manual registered agent processes while managing tasks on your behalf to help reduce your workload … well, that sounds like a WIN.
4. Unnecessary risk.
Because your entity compliance processes are operating separately you likely have several people or internal groups focusing on each of these individually. The chaos of having essential corporate governance data in multiple places can expose your company to unnecessary risk. In fact, during a recent review of companies that switched to Computershare’s Registered Agent Service, we found that on average 5% of legal entities were not in good standing prior to onboarding. With your data centralized into one solution, you’ll have a single source of truth across your entire organization and complete transparency into all your entity compliance processes everywhere you are located.
5. Lack of professional support.
Sure, you may have a team (or teams) of people at your company to help. But do you have a team of experts? Professionals with years of experience to provide guidance and support in your best interest? Better yet, on your behalf? Having a team of dedicated experts at your side, working with you, and doing the heavy lifting of entity compliance tasks significantly reduces your workload freeing you up to focus on what really matters and giving you the confidence you need in your global entity (you’ve already got this), registered agent (you need this) and business license (and, you need this too) compliance.
Computershare’s Global Entity Management as a Service Full Suite solution brings everything entity compliance together helping you combat these inefficiencies now and well into the future. With the seamless integration of global entity management, registered agent services, and business licenses under one roof you’ll have complete confidence in your entity compliance.
One Platform. One Login. One Vendor.
Global Entity Management.
GEMS offers a centralized approach for companies to achieve global compliance, minimize risk and increase transparency. With GEMS, you’ll be able to log on – anytime, anywhere — and immediately verify your entity structure and compliance status.
Registered Agent Services.
Have confidence your entities maintain good standing. With your registered agent data expertly filed and updated in GEMS on your behalf, you can move on from the time-consuming oversight of transactional services, service of process and annual report obligations.
Business Licenses.
With different requirements across local, state and federal jurisdictions, maintaining accurate records and staying up to speed on changing demands can be costly and time consuming. We’ll give you visibility into your portfolio, renew your business licenses, monitor changes to ever changing jurisdictional rules and manage the data in GEMS, all on your behalf.
Global Entity Management as a Service.
Take control with a centralized solution bringing together global entity management services, US registered agent, governance advisory and software solutions through a single source of global truth with an expert global support team ensures greater cost control, compliance certainty, cost reductions across the board and more consistent processes.
Computershare can help simplify your entity compliance today.
