japan & north asia focused accounting, finance, bpo and hr solutions
DESCRIPTION
We offer strategic tailored solutions for small-to-medium sized businesses to larger companies handling their total Back Office needs in Finance, Accounting, Tax & Payroll, and HR. Additionally, we provide higher-level strategic consulting in the areas of Finance, M&A, Structured Deals and other areas. Our niche and core competency is "Asia". Our connections run deep in Japan, Korea, China, Singapore and Hong Kong and we`re able to help our clients in multiple language formats with a keen understanding of the regional requirements of each country.TRANSCRIPT
CCC
Corporate profile presentation
Core Capital Consulting KK
2013 June
A Distinguished Global business solution partner connecting you through Asia
CCC
1.Company Overview: Profile
2. CCC’s Methodology
3. CCC’s Value positioning
4. Accounting and Financial Reporting Services
5. Human Capital Management & Recruitment Services
6. Appendix Contact details
CONTENTS
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Why our clients work with us: Core Capital Consulting places a strong emphasis on providing exemplary customer service. Furthermore, our size allows us to have a hands on approach, while providing fast, efficient and result driven work. We have extensive industry knowledge and experience working in Japan and can offer innovative ideas and solutions that are tailored to meet the goals and objectives of our clients.
Core Capital Consulting is a provider of business solutions and services that support businesses in all phases of growth and development.
Who We Are
Our Clients
We work with both mid to large size companies, which include foreign multinational companies operating in Japan as well as Japanese domestic companies.
CCC has more than a decade of experience in Japan (est. 2010). Our team is comprised of over 4 staff members and represents a multi-lingual and multi-cultural mix, which is a key asset to many of our foreign and domestic clients
Financial Management
• Strategic ▪ Finance Function Audit and Optimization ▪ Business Continuity Planning ▪ IPO consulting ▪ Acquisition / Alliance Due Diligence ▪ Policy and Procedure Development ▪ Managerial accounting and decision making supports
• Tactical ▪ Interim Financial Management ▪ General Accounting Services ▪ Inventory Management ▪ Interfacing with Japanese government offices
Human Capital Management
• Strategic ▪ Organizational Planning ▪ Compensation Planning ▪ Business Transformation Planning ▪ Shared Service Development ▪ Change Management
• Tactical ▪ Payroll & Benefits administration ▪ HR Audits ▪ Employee Assessment / Surveys ▪ Human Resource Management ▪ Interfacing with Japanese government offices
1. CORE CAPITAL CONSULTING’S COMPANY OVERVIEW
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One to one interviews to understand better of the current concerns and operational appropriateness of client’s
Examination / analysis of client’s current internal regulations. Desk research and analysis
Control deficiency Optimized control
Control obsessed
Maximized Value
Control
Value
….thus increasing the confidence that the organisation will achieve its business objectives
CCC’ value proposition is to assist the business In establishing the right balance of risk and control
2. CORE CAPITAL CONSULTING’S METHODOLOGY
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Interviews Examination & Analysis
Desk Research
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How valued are the services provided by CCC? What other services should CCC provide to meet your business needs?
Advisory on resources
management
BPO Process Improvement
Internal control over
Financial reporting
Post Implementation
Reviews through ongoing
monitoring
Transparent cash
management
Structuring of
organization
Process redesign-
Challenger role
Information Technology
based systems control review
3. CORE CAPITAL CONSULTING’S VALUE POSITIONING
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4. Accounting and financial Reporting Services
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Service Service Description CCC Standard Services Include Bookkeeping Collation and booking of
client vouchers under client accounting policies into a system of choice. (e.g. SAP, Oracle, Great Plains, Microsoft Navision, Hyperion, PeopleSoft)
1. Document business requirements as communicated by the Client. 2. Manage accounting content and adjustment process. 3. Review of Accounting guidelines (e.g. depreciation methods) 4. Receive and input information in a format predefined by CCC. 5. Respond to any governmental or jurisdictional updates to and
statutory reporting (e.g. tax audit).
Reporting Creation of required reports in client predetermined format. Standard reports are the BS/PL.
1. Document business requirements as communicated by the Client. 2. Review required templates 3. Report on agreed upon deadlines
Tax Statutory filings of
corporate, inhabitant, fixed asset and other governmental tax filings via affiliated tax firm (e.g. Tokyo Zeikei Center)
1. Document business requirements as communicated by the Client. 2. Adjust to J-GAAP requirements for tax 3. Prepare all required tax returns by required deadlines / optimize
tax position 4. In conjunction with accounting process, make required payments
Data Integration Upload of GL files into predetermined formats into any global ERP system to avoid double entry
1. Document business requirements as communicated by the Client. 2. Receive information upload template requirements from Client 3. Requirements Definition, Macro / Script Generation, (e.g. CSV
format), Testing, UAT, Launch 4. Ongoing Maintenance of tool
4.1 ACCOUNTING SERVICES -1
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•Source data •Vendor data •A/P data •HR data •A/R data •Intercompany data
CCC Client
PROCESSING • Accounting Solutions delivered by
CCC Specialist • Local statutory compliance
reporting and financial reporting • Physical, technical security
secured • Payroll data retrieval
OUTBOUND • Company
summary report • account reports • Management
reports • Data Upload Files
(e.g. CSV)
• Physical and Digital Storage
INBOUND
Pre-Process Accounting Post-Process Checks Process Review
4.2 ACCOUNTING PROCESS OWNERSHIP
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5. Human Capital Management Services – Recruitment / Payroll / Benefits
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CCC 5.1 RECRUITMENT SERVICES
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Client Consultation
Develop Recruitment Strategy
Candidate Sourcing
CCC Interviews and Assessments
Client Interviews and Assessments
Process
Offer negotiation and Hiring
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Service Service Description CCC Standard Services Include Payroll Data Management
Collation and application of individual employee's payroll data and transactions via electronic and/or hard copy input.
1. Document business requirements as communicated by the Client. 2. Manage payroll content and adjustment process. 3. Receive and load payroll information in a format predefined by
CCC. 4. Respond to any governmental or jurisdictional updates to payroll.
Mass Data Payroll Administration
Collection and application of generic change data to be applied to the specified group of employees.
1. Define valid field values for each related transaction. 2. Provide standard data loading templates. 3. Establish scheduled mass data collection upload.
Payroll Reporting Predefined reports that can be scheduled to run periodically in accordance with contractual and service level agreements.
1. Define standard report requirements. 2. Develop reports definitions. 3. Generate standard and statutory reports as per agreement. 4. Distribute reports as appropriate.
Wage Recovery Service
The process applies to the client policy of recovering overpaid wages through various collection means.
1. Recomputed the paid out wage with the notification from client.
5.2 PAYROLL SERVICES CONCEPT AND STANDARD REQUIREMENT -1
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Service Service Description CCC Standard Services Include Regular Cycle Payroll Processing
Payroll processing and reports will be provided in accordance with contract agreement and service level agreements.
1. Document all payroll processes and procedures as communicated by the Client.
2. Maintain and audit all earnings codes, calculation and taxability rules on system.
3. Maintain deduction codes, eligibility rules and taxability rules (pre or post tax) on system.
4. Calculate premium rate of pay retroactively. 5. Process special payment tax gross up. 6. Calculate and process special payments (including taxation) per policy. 7. Apply periodic statutory and tax rates in accordance to legislation. 8. Establish and maintain hours codes, overtime hours and pay rules in
accordance with policy and legislation. 9. Establish and maintain accumulators. 10. Define payroll processing calendars. 11. Run on-cycle payrolls, validate pre-calculation payrolls, perform data
correction, reconcile and balance payroll. 12. Produce standard payroll reports, create BPO files and statutory reports.
Off-Cycle Payroll Processing
Operational and systemic activities necessary to perform gross-to-net calculations on other than a regular periodic schedule.
1. Run off-cycle payrolls, validate pre-calculation payrolls, perform data correction, reconcile and balance payroll.
2. Produce standard off-cycle payroll reports and create BPO files
5.3 PAYROLL SERVICES CONCEPT AND STANDARD REQUIREMENT -2
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Service Service Description CCC Standard Services Include Filing of Periodic Statutory Payroll Returns
This process provides for official returns that are filed in compliance with payroll regulations. These outputs are formal documents that report payroll wages, withholdings and/or liabilities statements and are required to be filed with regulatory agencies.
1. Prepare tax and appropriate returns and other statutory forms and reports.
Filing of Year End Statutory Payroll Returns
This process provides for official returns that are filed in compliance with payroll regulations. These outputs are formal documents that report payroll wages, withholdings and/or liabilities statements and are required to be filed with regulatory agencies.
1. Administer accumulate tax, pension and social securities. 2. Process wage and tax adjustments as appropriate and needed. 3. Prepare individual annual tax and earnings statements where
applicable. 4. Support research and inquiries from statutory or regulatory bodies.
Management of Accounting
This process provides for the management of unclaimed wages, balance sheet reconciliation and the preparation and submission of journal entries.
1. Produce GL extract / GL interface reports.
BPO Services
The BPO services process delivers bank account reconciliation and uncashed check/abandoned property administration.
1. Develop the Bank file as per specification provided by client. 2. Withhold payment as per instructed by client or based on
legislation requirement. 3. Generate bank file after signing off of payroll. 4. Reconcile the total amount with the payroll result.
5.4 PAYROLL SERVICES CONCEPT AND STANDARD REQUIREMENT -3
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Examples
Provide benefits services and effectively manage and monitor total benefits spend
Benefits Solutions
Consolidate multi-location, multi-processing for reporting and operations, while ensuring local compliance.
Payroll Administration
Ensure recruitment and employment via efficient processes while improving speed and quality of hires.
Rules of Employment
Reduce operating costs by streamlining HR and payroll data. Automating all data flow and delivery.
HR Solutions
Ensure compliance with local statutory and income tax. HR Processes Social Insurance
Processes
Improve and manage HR expenses
Increases operational efficiencies
Provides workforce intelligence
Drives critical resources strategy
A concentrated commitment to re-engineering policies, processes and supporting technologies
5.5 HUMAN CAPITAL MANAGEMENT & ADMINISTRATION
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Definition of Salary Rules
Monthly Payroll
Filing of documents
Inquiry from Employees
Overtime/Holiday Calculation
Output and Correction of Input Data
Employee Master Data Control
Fixed Payroll Data Change
Variable Payroll Data Input
Payroll Calculation Check
Preparation and distribution of pay slips (e-pay slip)
Journal entry data
Annual Tasks
Preparation and Distribution of Salary Report to Cities
Preparation and Distribution of Withholding Income Tax Certificate
Input data to system
Inquiring to Employees for input
Reminder to Employees in case of no submission
Collections of Declaration Forms and other documents
Answering inquires from Employees
Distribution of Declaration Forms to Employees
Update Year End Tax Adjustment Information
Social Insurance Annual Report and Salary Change Report
Labor Insurance Annual Report
Inhabitant Tax
Distribution to Employees
Enclosing notifications in pay slips
Input of new/ changed Amounts to system
Inquires to Cities
Receiving and filing of Notifications from Cities
Monthly Payroll
Definition of Salary Rules
Filing of documents
Inquiry from Employees
Overtime/Holiday Calculation
Output and Correction of Input Data
Employee Master Data Control
Fixed Payroll Data Change
Payroll Calculation Check
Preparation and distribution of pay slips (e-pay slip)
Journal entry data
Variable Payroll Data Input
Annual Tasks
Preparation and Distribution of Salary Report to Cities
Preparation and Distribution of Withholding Income Tax Certificate
Input data to system
Inquiring to Employees for input
Reminder to Employees in case of no submission
Collections of Declaration Forms and other documents
Answering inquires from Employees
Distribution of Declaration Forms to Employees
Update Year End Tax Adjustment Information
Social Insurance Annual Report and Salary Change Report
Labor Insurance Annual Report
Inhabitant Tax
Distribution to Employees
Enclosing notifications in pay slips
Inquires to Cities
Receiving and filing of Notifications from Cities
After Transformation
Input of new/ changed Amounts to system
Bureaucratic Lean
Goal
5.6 PAYROLL PROCESS IMPROVEMENTS
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Statutory Reports and Lodgments
•Monthly Withholding Tax
•Withholding Tax Certificate
•Summary Report of Employee’s Income
•Withholding Tax Certification Slip for Resident Tax
•Payment of Resident Tax
•Geppen & Santei for Pension Plan & National Health Insurance
•Labor Insurance Estimate & Final Insurance Premium Filing Report
•Annual Update for Unemployment Insurance
5.7PAYROLL RELATED STATUTORY FILING AND LODGMENT SERVICES
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CCC Client Legend
1.0 Payroll input/Submission 2.0 Payroll Processing
3.0 Payroll reporting 4.0 Payroll Payment
Enter NEW Employees (via movement input file)
Submit PAYROLL Movements
(via movement input file)
Send LARGE FILE Submission
(via movement input file)
Enter TERMINATED Employees
(via movement input file)
Send SERVICE REQUEST
(via movement input file)
Submit OTHER Instructions
via email
PROCESS & CHECK
Control Totals
FINAL SIGN-OFF Senior
Consultant
CLIENT VERIFY & SIGN OFF
EMAIL Client
Receive Monthly REPORTS via email
Administrator View/ Download
Reports
Submit BPO – Employees’ salary
disbursement
by Client Sign Off Deadline
by Processing Deadline
by Movement Deadline
Submit Social Ins. Lodgment
by BPO Deadline
Bank, Social Ins. & Tax Listing
Emergency Processing?*
* Additional Charges Apply
Send PAYSLIPS Employees VIEW/PRINT
PAYSLIPS
by Payment Deadline ( end of month )
Submit Withholding & Inhabitant Tax
Lodgment
by Payment Deadline ( 10th in next month )
5.8 PAYROLL PROCESSING WORKFLOW
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6. Appendix contact details
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CCC 代表取締役 CEO
ソン ウンジョン
孫 恩貞 〒108-0014東京都港区芝5-19-7-403ハイベール三田
有料職業紹介事業 許可番号13-ユ-305015
代表電話 (03)6229-3864 ファックス(03)6229-3867
携帯電話(080)3245-9584 [email protected]
[email protected] www.corecapitalconsulting.com
CORE CAPITAL CONSULTING コアキャピタル・コンサルティング株式会社
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Representative Director/ CEO Certified US CPA/ Certified Compliance Officer
Unjon Son
5-19-7-403,Shiba,Minatoku,Tokyo P/O#108-0014, Japan Recruitment License # 13-yu-305015
TEL:81- (3)6435-2515 FAX:81-(3)6435-2516
Cell Phone:81-80-3245-9584 [email protected]
[email protected] www.corecapitalconsulting.com
CORE CAPITAL CONSULTING コアキャピタル・コンサルティング株式会社
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Personnel in charge of clients services deliveries
• Minato International Law Firm
• Tanaka CPA’s Firm
• Ito CPA’s Firm
• Nakajima Sharoshi’s Office
• Core Capital Consulting KK
Accounting
Consulting
IPO
Payroll & Social
Administration
Commercial Registration
Tax
CCC
CCC’s Affiliated Professional Firms
Group Companies:
Core Capital Consulting KK Tabitabi KK Core Capital West Japan GK in Osaka
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Affiliated Professional Firms:
Shinhan Korean CPA’s Firm in Seoul Tax firm Tokyo Zeikei Center Acacia CPA’s Firm Ito CPA’s Firm Tanaka CPA’s Firm Nakajima Sharoshi’s Office Quest Partners Sharoshi’s Firm Yamada Attorney’s Law Office Minato International Law Firm Koyama Legal Scrivener’s Office
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CCC’s clients
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CORE CAPITAL CONSULTING コアキャピタル・コンサルティング株式会社
NEXT GROWTH SUPPORTED BY
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