A corporate service provider (CSP), is an independent company that combines or consolidates various business activities, in order to provide much needed support for various enterprises. CSPs generally operate in one of five key categories: Finance, Human Resources, Information and Communications Technology, Procurement & Estate Management.
Because they are highly specialised in their field of operations, corporate service providers are able to provide services based on specific knowledge and skillsets, operational best practices and knowledge of very advanced and specific technologies.
Corporate service providers will provide internal – as well as external – support to various customers and business partners.
Benefits of a CSP
Depending on the size of your company, a CSP can be essential to the smooth running of your business. Whether it’s outsourcing Human Resources and recruitment; or outsourcing financing and account management; or just about anything in between.
SMEs are the companies who are most likely to benefit from utilising a corporate service provider. If your company doesn’t have the resources at hand to undertake certain operational procedures or business activities, it might be worth looking into such companies where the work can be outsourced to.
Beyond a lack of talent – it might be more cost-effective to outsource certain activities and pay on a “per need” basis; rather than employing someone and paying a full-timer’s salary.
By contracting a CSP, you can establish a certain level of peace of mind, knowing that your business needs are being handled by people with specialised knowledge. It eliminates the need to micro-manage and worry about whether certain tasks are being accomplished.
Corporate service providers in Malta
Regardless of what your business requirements are, there are plenty of corporate service providers on the island. We can help you with any number of human-resource related activities – such as recruitment services, pre-employment checks, talent sourcing, bulk recruitment and psychometric testing. Why not get in touch to find out more about how we can help support your business?