In 2020 Supreme Ventures Services Limited (SVSL), a subsidiary of Supreme
Ventures Group (SVG), launched a business hub solution aimed at providing an
avenue for SMEs to save costs by optimizing their back-office functions.
Named the SVS Business Hub, service is the responsibility of Chantal Simpson, AVP-
Business Hub Services, provides back-office services to small and medium-sized
companies seeking to grow revenue while managing their costs.
According to Dennis Chung, the CEO of SVSL, the SVS Business Hub is a direct result of
the long-term revenue diversification strategy that the company has implemented over
the past three years. “Medium-sized businesses need to focus on revenue and getting
money through the door. Filing and the everyday back-office operations distracts them
not only from making that money, but also causes them to have to invest that money in
infrastructure and other non-revenue generating resources. What we are offering is
access to our very broad, solid back-office operations that will give them that freedom to
pursue cash flow, at greater value added, while we manage the rest,” Chung said while
speaking in an interview with media personality and business analyst Kalilah Reynolds.
Utilizing SVS Business Hub’s back-office operations is a great option for companies
looking for ways to save costs in light of a reduction in revenues.
“One of the key differentiators of the SVS Business Hub is the fact that, unlike many
other outsourcing solutions, we are able to provide a full suite of services including
finance, technology, corporate secretarial, marketing, human resources and payroll
services” noted Chantal Simpson.
She adds, “we have a very comprehensive back-office operation, extensive experience in
meeting regulatory filing deadlines, digitizing accounting systems, and general financial
accounting. Our service offering will allow businesses to access a professional,
experienced team at a fraction of the cost of providing their own infrastructure.
She also shared that since a soft launch in July 2020, the SVS Business Hub has
established partnerships with other companies who work with SMEs, including JMMB
and venture capital company, Graft Ventures Limited.
“The Business Hub is a great area of investment for the Supreme Ventures Group, not
only will we be supporting small business expansion, which is the foundation of
Jamaica’s future economic growth, which is an area I am personally passionate about,
we are expanding the scope and level of exposure for the members of our team” she