Finance & Accounting
Overview
First Compass supports Finance & Accounting departments by streamlining processes through BPR and BPO, reducing internal workload and enabling focus on core tasks. We also select and recommend suitable professionals—such as lawyers, accountants, and tax advisors—from our network to meet client needs.
Support services
1. BPR(Business Process Reengineering)
First Compass’s Finance & Accounting services begin with a comprehensive review of business processes through BPR. By eliminating inefficiencies and reliance on specific individuals in daily routine tasks and implementing standardized workflows, we enhance accuracy and reduce costs in finance and accounting operations.
- Workflow Improvement: We visualize complex accounting processes and streamline workflows to reduce processing time.
- Enhancing risk management: Reviewing financial and accounting workflows to ensure regulatory compliance while improving efficiency and mitigating risks.
2. BPO(Business Process Outsourcing)Design and delivery of services
First Compass provides BPO solutions for finance and accounting, supporting the outsourcing of routine tasks. By effectively delegating tasks such as payroll, accounting, and tax filing, we reduce the workload on finance personnel and allow them to focus on higher-value, strategic activities.
- Expert Coordination: We select and recommend the most suitable experts—such as lawyers, accountants, and tax specialists—based on the required tasks. Leveraging their expertise enhances the reliability of finance and accounting operations.
- Standardization & Role Assignment: In the course of BPO, we standardize and document operations, clarify the division of roles with business units, prevent the black-boxing of know-how, and enhance corporate competitiveness.
3. On-site Operational Support
First Compass staff work on-site to support daily finance and accounting, enabling in-house professionals to focus on strategic tasks instead of routine work.
- Swift and accurate execution of operations: We provide seamless on-site support and respond flexibly to urgent tasks.
- Offloading Routine Tasks: By delegating daily routine tasks to dedicated staff, we create an environment where specialists can focus on higher-value work.
4. On-site support through secondment
First Compass staff are dispatched to client sites to support specific periods or projects. For example, we can reinforce resources during fiscal year-end closing or tax filing season to help ease workloads in peak periods.
- Support for short- and long-term projects: We provide the necessary resources for specific projects, such as financial closing and internal audit support.
- Enhancing competitiveness through standardization: BPO promotes standardization and documentation, improving overall efficiency and boosting corporate competitiveness.
In conclusion
Our BPR and BPO services in finance and accounting streamline routine tasks and provide specialized support, freeing skilled staff to focus on strategic work and boosting both competitiveness and talent deployment. Contact us to learn more.
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