Business Process Solutions (BPS)

Services

Business Process Solutions (BPS)

Businesses today face a rapidly evolving landscape including regulatory change, the adoption of more sophisticated approaches by revenue authorities, and swift advances in technology. As operating models, organizational priorities, and corporate cultures vary from business to business, the right solution for one may not be the best fit for another. Deloitte’s Business Process Solutions can help companies identify that unique approach by assessing operational effectiveness, identifying opportunities to enhance strategic insight and operational efficiencies, and developing an incremental path to improvement by leveraging alternative resource models. Our approach assists businesses in improving the management, oversight, and control of their accounting, tax, and human resources processes through a flexible mix of in-house and external resources.

Accounting/Financial

We offer a full range of accounting and financial services to growing and evolving businesses. Services include organizational, analytical, and recording services for the financial activities of a business, and the preparation of various reports covering the financial transaction life cycle (i.e., collecting source documents, recording transactions, closing books, and preparing reports for internal and external stakeholders).

Our services include:

  • Recording of transactions on a daily basis for all balances in the financial statements.
  • Preparation of financial statements and reporting packages for internal and external requirements with a focus on management, corporate and statutory requirements.
  • Reviewing and processing supplier and vendor invoices, financial and tax validation, recording of payments in the systems, and maintaining A/P aging reports.
  • Processing of bill, credit, and debit notes based on the organization’s management instructions, recording these in the system, and maintaining collection reports.
  • Uploading payments in the system, generating payment reports, preparing checks/transfer letters, and foreign exchange monetization per the relevant statutory or central bank formats.
  • Fixed assets, inventory, cost accounting, budgeting, development of accounting practices and procedures. International Financial Reporting Standards (IFRS) support implementing policies defined by the organization.

 

Accounting/financial

Payroll outsourcing

We offer payroll outsourcing services that can reduce complex and time consuming tasks for global businesses. Services are centered on human resource administrative activities including payroll processing, benefits administration, and human resources support. Outsourcing the administrative tasks of human resources can help businesses contain human resources costs, manage employer-related risks, reduce the administrative burden, maintain strict information confidentiality, and improve organizational effectiveness.

Our services include:

  • Payroll processing
  • Benefits administration
  • Human resources (HR) support

Payroll outsourcing

Tax advisory

We work together with our International Tax services teams and through them, Deloitte is able to deliver a seamless tax solution that focuses on helping business leaders make informed tax decisions and implement improvements to the way they manage their tax affairs in support of business operations and address risks associated with non-compliance.

Our services include:

  • Start-up support
  • Tax data integration
  • Tax implications of changes in business strategy and special transactions
  • Tax management consulting and technology solutions
Tax advisory

Corporate Secretarial Services

BPS Corporate Secretarial Services provide a full spectrum of corporate secretarial services to assist businesses establish a presence in Singapore, and assist businesses fulfill all of their ongoing regulatory requirements in an efficient manner.

Read more about Corporate Secretarial Services.

Tax compliance

Get In Touch

Low Hwee Chua

Low Hwee Chua

Regional Managing Partner, SEA Tax and Legal

Hwee Chua is a tax partner based in Singapore office and has more than 20 years of experience in taxation services including 2 years with the Inland Revenue Authority of Singapore. He is also the lead... More