A FTSE250 Company Secretary writes...
Does anyone use a Global Entity Management service provider for their international subsidiaries? Who do you use – and what is your opinion about the service you receive?’
A FTSE250 Company Secretary writes...
Does anyone use a Global Entity Management service provider for their international subsidiaries? Who do you use – and what is your opinion about the service you receive?’
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Last year we moved from Diligent Entities to KUBE. This new system works well, allows for read-only access across our Group for those who might be interested in the data held (Group Finance, Tax, Legal, etc.) , with the reporting capabilities much easier and less ‘clunky’ than other systems. The costs are also much more competitive.
I have used global entity management services in the past currently we only do this is a couple of jurisdictions but when you have 50+ you have to really to keep the costs and the management time down. I have used BDO for this service when I worked for a FTSE 100, and other providers when at a FTSE 250. You might want to consider a tender process as there are a number of providers for this service.
Yes we use Diligent entities and this works well.
We use GEMS by Computershare. A bit clunky as it’s an old system developed in stages rather than redesigned and modernised but it does its work. If you build a good relationship with the team they can customise solutions for you.