Business Process Solutions (BPS)

Businesses today are facing a rapidly evolving landscape from regulatory changes, continued advances in technology, and the adoption of more sophisticated approaches by revenue authorities. As a result, businesses need to have the appropriate mix of in-house and external resources to manage essential operational processes efficiently with visibility, flexibility, transparency, and control.

Deloitte's customised approach assists businesses to improve their management, oversight, and control of their accounting, tax, human resources processes, and statutory compliance, through a flexible mix of in-house and external resources, as well as automation. The approach will also allow businesses to focus on their competitive advantage through the use of a competent and experienced external service provider.

How can we assist your organisation?

Deloitte's Business Process Solutions (BPS) team provides Accounting and Bookkeeping, Payroll Outsourcing, and Corporate Secretarial Services. Our practitioners have extensive experience and knowledge to assist clients in managing their processes and risk.

Deloitte’s global network gives you access to the right skills wherever you need them. Our specialists have hands-on experience with all established Enterprise Resource Planning systems and offer a large pool of know-how, international connections, and a strong network.

Our services

Accounting and Bookkeeping

Deloitte offers a wide range of organisational, analytical, and recording services for the financial activities of businesses, along with the preparation of various reports covering financial transactions and statutory requirements. Some of the services include:

• Recording transactions for all balances in financial statements
• Conversion of transactions recorded in US Generally Accepted Accounting Principles (GAAP) / International Financial Reporting Standards (IFRS) to Singapore Financial Reporting Standards (SFRS)
• Preparation of financial statements and reporting packages for internal and external requirements, focusing on management, corporate, and statutory needs
• Reviewing and processing supplier invoices, recording payments, and maintaining accounts payable aging reports
• Preparation of XBRL financials
• Preparation of sales invoices, credit and debit notes based on management instructions, and maintaining collection reports
• Payment processing and generating payment reports
• Maintaining fixed asset registers, inventory records, and other accounting schedules
• Performing fixed assets counts, inventory counts, and surprise cash counts
• Assisting with budgeting processes and developing accounting practices and procedures
• Analytics visualisation and business process automation
• Consolidation support

Payroll outsourcing

Businesses can choose to outsource administrative tasks to better manage human resource costs and employer-related risks, reduce the administrative burden, maintain strict information confidentiality, and improve organisational effectiveness. Our services include:

• Payroll processing
• Benefits administration
• Payroll health checks
• Social security contribution related compliance
  
• Assistance with employee earnings reporting
• Leave and claims management

 
Contract Personnel Support

Deloitte's BPS team has a pool of qualified and experienced finance professionals ready to assist businesses through long-term or short-term secondments. The team comprises individuals who can support various roles, ranging from data entry to Chief Financial Officers. Deloitte’s Contract Personnel Support services enable businesses to meet immediate job requirements, helping to avoid disruptions to operations or the financial reporting process.

Corporate Secretarial Services

Deloitte provides a full spectrum of corporate secretarial services to assist businesses in establishing a presence in Southeast Asia and fulfilling their ongoing regulatory requirements efficiently. Our services include:

• Company incorporations
• Provision of registered office/correspondence address by our external working panels
• Branch and representative office registration
• Bank account opening
• Attendance at board and shareholders meetings
• Provision of nominee company secretary
• Provision of nominee director by our external working panels
• Annual filing with regulatory authorities

Deloitte's corporate secretarial teams are also equipped to assist with special engagements related to statutory compliance and corporate governance due to corporate restructuring exercises, including:

• Conversion of share capital currency
• Allotment of shares
• Transfer of shares
• Share capital reduction
• Short form amalgamation
• Amendment to constitution
• Application for striking off
• Deregistration of branch
• Application for transfer of registration/re-domiciliation
  
• Share buyback and charities registration

Business Process Technology

Efficiently leveraging technology can help provide an integrated approach to process improvement that can help finance and accounting, tax, and HR departments substantiate and promote their strategic value to the organization. Deloitte practitioners work with businesses to design and implement operational processes, technologies, and resource models to improve value-added activities in process redesign, software implementation and enhancement, tax-sensitized technologies, and change management. In addition, cloud-based accounting system and Software as a Service (Saas) capabilities help internationally minded businesses to strategically balance expansion, infrastructure, and mobility demands.

Deloitte's services include:

Enhance your business performance and efficiency

Business Process Solutions (BPS)

Business operating models, organizational priorities, and corporate cultures vary from business to business, so the right solution for one organization may not be the best for another. Deloitte can help assess how your organization currently operates, determine what changes you may like to make, and assist with developing a structured, incremental path to improvement. These cutting-edge, highly flexible solutions for operational, compliance, and reporting services are augmented by technology and supported by a Deloitte network of member firms around the world. To learn more, download a copy.

COVID-19: Key Business Process impact areas for client considerations

Now more than ever, many businesses need to reevaluate their accounting, tax and human resources processes. Due to COVID-19, many businesses have had to deal with layoff upticks, remote payroll management, government incentives submittals and the like. Deloitte can help assess how your organization is being impacted by COVID-19 and run the business processes for grant applications.

Deloitte’s services include:

• Short term cash generation and optimization support

• Workforce support

• Rebound planning

• Finance & HR operating model

• Value optimization

To learn more about how you can help improve your Business Process Solutions post COVID-19, contact us.