A long-overdue digital revolution is on the horizon for the corporate services sector, thanks to a new fully-fledged and localised corporate services platform by Binderr.

Designed for the Maltese corporate regulatory framework, the new platform promises to save up to 80% on your document turn-around time, with human error virtually becoming a pain of the past. 

It is said that necessity is the mother of invention, and in no case does the proverb ring truer than in that of Malta’s corporate services sector, which has so far been inexplicably bypassed by the digital revolution that has made so much of the world around us more efficient.

Professionals working in the sector are responsible for keeping a company’s internal records, as well as those held about it by the Malta Business Registry (MBR), up to date and in line with the law.

These regulatory requirements, coupled with the fast-paced nature of the business world, see corporate service providers having to submit rafts of documents to the MBR on an ongoing basis, in what is an incredibly laborious, time-consuming and error-prone process.

One would have thought, given the repetitive and standardised nature of the information being submitted, that there would be countless tools to facilitate the process, but this is not the case.

Submitting a document to the MBR essentially involves a series of isolated small tasks, all requiring different, often unsuitable, tools to accomplish.

What’s worse is that because most of the documents required are filled in manually, errors are common, further adding to the time required to actually get the document officially submitted and accepted.

Thankfully, this is all about to change with Binderr’s purpose-built software, which will make handling a portfolio of clients a time-saving, seamless process.

From self-populating documents to electronic signatures and one-click submission to the MBR, Binderr does it all from one centralised platform.

The easiest document you’ve ever drafted

One of the most time-consuming tasks in a corporate service provider’s day is drafting documents, a manual process that normally involves searching through your files to find the last time you used a similar document.  You then go through the document section by section, changing all the relevant information and hoping that you haven’t forgotten to change any of the details.

Binderr, through its in-built automation, allows users to generate a self-populating form by answering a few simple questions about the corporate change that’s been selected from their quick actions menu.

By selecting a change in director, for example – Binderr takes the user through an automated workflow that generates a list of pertinent questions for the user to answer before creating and self-populating the required documents.

Binderr comes with ready-made templates of all common corporate documents and with its automated assembly and simple editing capabilities minimises the time required to draft and distribute documents for signature to the relevant parties.

Compliance doesn’t have to be time-consuming

Updating business registers – crucial for businesses to remain compliant with the law – is another task which is still done manually. With Binderr, the updating of a business’ internal registers is done for you as part of the automated workflow, so you’ll never need to remember to update them manually again.

Any changes within a company can be registered and updated in minutes using Binderr‘s intuitively designed quick actions menu. Once a change has been selected, the platform guides the user through an automated workflow at the end of which, the business’ internal registers will be automatically updated.

Any approved change in the company is simply updated in the corporate structure by inputting the company name to Binderr’s smart search, which will generate a fully-fledged corporate structure in seconds. 

Binderr not only ensures a corporate service provider’s clients better overall compliance but eliminates tedious manual processes.

No more endless emails chains with clients and the MBR 

The next headache in the process is getting the document signed by all relevant parties before it can be formally submitted. With most documents still being physically signed, this usually means having to send the document by courier and waiting for them to be signed and sent back.

With Binderr, once the document has been generated, the app intuitively knows whose signature is required and forwards them a copy for approval. It allows signatories to submit an electronic, qualified signature back to the corporate service provider who can then submit the documents to the MBR with a single click.

The time saved is considerable but it’s not just about fast turnaround times. Binderr allows corporate service providers to protect their clients against legal issues stemming from missed deadlines, thus also reducing the risk of facing penalties for late submissions and forgotten filings.

Binderr drastically enhances while simultaneously simplifying a corporate service provider’s day-to-day tasks, making it a truly paradigm-shifting product that allows you to remain in full control while making collaboration with team members seamless and efficient.

If you’re a CSP and think Binderr might just be the solution for you, they would love to hear from you in the form of this quick survey – your answers will help them build a platform better optimised to suit your needs.

Corporate service providers interested in trying Binderr should get in touch to secure early access to their platform.

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