Why Us?
While you have outsourced your financials & accounting processes to us, we act as a backbone by letting you focus on your core activities and unlock your potential. The complete solution partner for your organization’s finance & accounting requirements.
We are one of the leading outsourcing service providers. We have implemented standardised processes that result in greater quality of deliverables promptly. We shall work as your high-quality accounts and finance partner providing specialised service resulting in the growth of your business. Our team consists of qualified accountants and chartered accountants who strive to provide you with the best solutions required by your business.
Why Outsource?
(I) Industry-wide Problem – What are the current staffing challenges in Malaysia faced by companies?
- Escalating Talent Shortage: The shortage of accountants in Malaysia is becoming a pervasive issue, affecting both audit firms and various industries. Recruiting qualified and competent staff has become nearly impossible.
- Migration of Accountants: Many Malaysian accountants have opted to work in Singapore or for Singapore-based global companies, either physically or remotely. This trend is driven by the appealing compensation packages offered in Singapore, the USA and the EU, where the exchange rate is approximately RM3.45 = 1SGD (as at 30 April 2024). Addressing this issue is critical for any business and offering competitive salaries is essential to attract and retain skilled employees.
- Inflation and Wage Increase : Due to the scarcity of resources and inflationary pressures caused by global factors, wages have surged significantly. Since 2019, it has risen by as much as 45%.
- Failure to Retain Staff: Recent market studies have shown that accounting staff earning RM6,000 and below, stay for between 12-15 months, on average. Finding a suitable staff replacement is costly and time-consuming.
(II) How we can help you overcome your staffing issues and be the complete solution partner for your organization’s finance & accounting requirements?
- Staffing Solutions
- Our team comprises English-speaking staff with excellent writing skills.
- Our team consists of over a hundred people, of which, sixty are experienced accountants and qualified Chartered Accountants.
- We offer a 5.5-day working week or 160 hours per month, including alternate Saturdays.
- We provide a proper structure of supervision for efficient workflow.
- Our working hours are from 12 p.m. to 9 p.m. (Malaysian time) daily.
- We offer 24/7 support for seamless assistance.
- Cost Savings
Opt for our outsourced staffing solutions to alleviate your business from the complexities associated with hiring full-time employees, including the management of traditional employment benefits along with administrative burdens and overhead costs.
The following considerations can be negated with our outsourced staffing solutions:-
- There are no statutory payments/deductions involved.
- There are no EPF contributions, resulting in a saving of 12% on monthly salary.
- No year-end bonuses, with EPF on top of that.
- There are no yearly staff salary reviews, typically saving 6%-8% of annual salary.
- No annual leave.
- No ten days paid sick leave – Statistically, Malaysia has one of the highest numbers of sick days in Asia.
- We observe only five days of Public holidays compared to twelve in Malaysia.
- No medical insurance coverage, medical expenses, or hospitalization.
- No need for staff movement or training/retraining.
- Expect a cost-saving of approximately 30% on accounting staff costs while maximizing efficiency.
- Continuity – Ensures continuity of services irrespective of attrition.
- Communication – Excellent ecosystem around communication including WhatsApp, email, phone, video call, online chat and productivity tools.
- Multiple touchpoints – Strong multiple-level client relationship matrix to ensure smooth support and prompt response.
