Published on February 28, 2014
KPO F&A http://www.dvphilippines.com/ Online. Cloud. Paperless Technology. High-end Finance and Accounting Outsourcing
MEET THE FOUNDER Founder and CEO Stefan Vermeulen is a Dutch citizen born on March 8, 1971 . He is a member of the Dutch Institute of Certified Public Accountants (NIVRA) – Register accountant- and holds a masters degree in Information Management. Stefan was the Chief Financial Officer of ICTS International N.V. – a NASDAQ listed aviation security provider – for approximately four years. He has also held various senior financial positions at blue chip companies like Shell, Sara Lee and Deloitte http://www.dvphilippines.com/ 2
AGENDA I- D&V’S FACT SHEET II- OUR ORGANIZATION III- FINANCE AND ACCOUNTING OUTSOURCING (FAO) TODAY IV- OUR F&A SERVICES V- HIGHLY SPECIALISED SERVICES VI- OUR SOLUTIONS VII- OUR APPROACH VIII- OUR CLIENTS IX- SUMMARY X- Q&A XI- CONTACT US http://www.dvphilippines.com/ 3
FACT SHEET CLIENTS EMPLOYEES Approximately 70% Australia 15% USA 10% Europe 5% Others 45 employees 96% CPA 3 teams AUSTRALIA 1 team USA 1 team Europe 100 clients http://www.dvphilippines.com/ 4
ORGANIZATION CEO Marketing IT Jennifer Santos Marketing Manager Ronald David IT Manager Operations Leadership Team Mary Joy Quino Marly Llerin Marilou Agilam Quality Assurance Finance Narene Nicolas Quality Assurance Manager Jerry Ambrosio Financial Controller Human Resources Valerie Capili HR Manager Jerry Ambrosio Faith Vicariato Narene Nicolas http://www.dvphilippines.com/ 5
FAO TODAY Philippines has more CPAs than any country in Asia, with approximately 7,000 accounting graduates every year. The abundance of finance and accounting talent in the Philippines only shows that there is a great opportunity for Philippine-based FAO providers to take advantage of the increasing demand from onshore, near shore and offshore customers. Well established accountancy profession with BIG 4 Audit Footprint following international financial reporting standards ( IFRS, up to 2005 US GAAP) Western style CPA education/training program http://www.dvphilippines.com/ 6
OUR F&A SERVICES Our global scale, in-depth understanding of how to leverage technology, and our commitment to drive operational excellence are the foundation of an outstanding outsourcing relationship. Accounting/Bookkeeping • • • • • • Accounts Payable Processing Payment Proposals Accounts Receivable Processing Fixed Asset Register Expense Report Processing Bank Reconciliations Transaction Processing Closing the books Management Accounting D&V has a wide range of Finance and Accounting (F&A) services with proven capability to deliver cost savings, tailor-made to specific client needs. • Profit & Loss Actuals & Budget Comparison • Summarized and detailed reports based on Key Performance Indicators / various performance metrics and dashboards • Revenue Projections • Variance analysis for multiple industries • Cash forecasts/ Budgeting • Planning and control mechanisms http://www.dvphilippines.com/ 7
OUR F&A SERVICES Financial Reporting • • • • • Remote Financial Controlling Balance Sheets Profit and loss account Cash flow statement Key Performance Indicator (KPI) reports Monthly Consolidated Financial Reports of various international subsidiaries • D&V Philippines acts as a bridge between the internal bookkeeper/accountant and the owners, through the preparation, analysis and interpretation of monthly management reports and by putting in place an effective internal controls framework accounts payable, accounts receivable, and bank recon. Financial Analysis/ Business Intelligence Statutory Reporting/Compliance • Statutory Financial Statement (local GAAP, US GAAP or IFRS) • Period-end reporting (monthly, quarterly) • Consolidations • Tax reports (BAS, GST, SUPER, PAYG) • Payroll processing compliance ( Lodgement of payroll tax, superannuation payments) • Product Cost Calculations • Benchmarking of various subsidiaries / departments / countries etc • Cost price calculations • Profitability analysis • Review of Credits / Rebills • Review sales contracts for impact on accounting policies • Unbilled revenue analysis http://www.dvphilippines.com/ 8
OUR HIGHLY SPECIALISED SERVICES TRANSFER PRICING AUDIT SUPPORT SOLUTIONS http://www.dvphilippines.com/ 9
TRANSFER PRICING Transfer pricing is a profit allocation method used to attribute a multinational corporation's net profit (or loss) before tax to countries where it does business. Transfer pricing results in the setting of prices among divisions within an enterprise. Transfer prices are charges for goods and services between controlled (or related) legal entities, i.e., within an enterprise. Legal entities considered under the control of a single corporation include branches and companies that are wholly or majority owned ultimately by the parent corporation. Certain jurisdictions consider entities to be under common control if they share family members on their boards of directors. Source: http://en.wikipedia.org/wiki/Transfer_pricing http://www.dvphilippines.com/ http://www.dvphilippines.com/ 10
TRANSFER PRICING SERVICES D&V Philippines offers flexible and quality transfer pricing solutions tailor-made for your business needs. We can help you attain seamless management of your global tax position through our team of transfer pricing specialists. Our transfer pricing experts can provide hands-on assistance and profound knowledge in the following areas : Transfer Pricing System Design Global Benchmarking Year-end Adjustment Controversy Management Transfer Pricing Control Framework D&V Philippines has extensive professional and industry experience delivering transfer pricing services worldwide through our affiliation with Transfer Pricing Associates. D&V Philippines is very pleased to announce their partnership with Transfer Pricing Associates, a leading independent provider of global transfer pricing, customs and valuation services. For more details, you may visit http://www.tpa-global.com Risk Management In association with: BPO Industry Solutions http://www.dvphilippines.com/ http://www.dvphilippines.com/ 11
AUDIT SUPPORT SOLUTIONS ASSURANCE SERVICES ANALYTICS SERVICES EXTERNAL AUDIT SUPPORT FULL INTERNAL AUDIT OUTSOURCING SECONDMENT OF STAFF OR COSOURCING ACOMMITTEE ADVISORY SARBANES OXLEY CONTROL SELF ASSESSMENT (CSA) FACILITATION Professional services firms (Audit Firms) Our analysts use ACL to perform a wide range of data mining and analytics including data analysis, continuous auditing, continuous monitoring, sampling of large data sets, forensic analysis and finding irregularities or patterns in transactions that could indicate control weakness or fraud. CAE (Chief Audit Executives) http://www.dvphilippines.com/ http://www.dvphilippines.com/ CFOs (Chief Finance Officers) 12
OUR SOLUTIONS Business Owners of SMEs • By setting up a designated email account for administrative purposes • By using Cloud based accounting software, for instance Xero.com or exact.nl •We use only state-of-the art technology and Cloud based solutions with automated links for retail, banking, and other business support systems •Preparing management reports on a regular basis using either cloud software or excel Professional Services Firms (Part-time CFOs, Bookkeepers, Accountants, Audit Firms) •Budgets and Forecasting •Cash Flow Analysis •Key Performance Indicators •Financial Analysis and Modeling •Outsourcing of a full set of books for your clients using either our cloud based software or accounting software as you require http://www.dvphilippines.com/ CFOs •Review of business plan as per agreed parameters •Review, design and deliver comprehensive management reports, analytics and dashboards as decision support tools carrying financials and business KPIs •Design and standardize Charts of Accounts (COA) across businesses •Planning and budgeting, including rollout and monitoring •Transaction analysis and building alert systems 13
TAILOR- MADE SOLUTIONS FOR ACCOUNTING FIRMS If decided to go captive in the long run, no exit fees. D&V will assist in setup of local corporation D&V will assist in PEZA certification and other tax incentives Dedicated Team Start small, scale up quickly if so desired Full operational/professional control Access to top talent in the country Embedded in the D&V operational excellence culture (Quality Assurance, Standard on boarding procedure, back-up)/HR big 4 experience Benefiting our in-depth Aussie accounting outsourcing experience D&V Philippines as your long term F&A local partner Using your own systems, if so required Strong Aussie partners that can help you with cloud solutions http://www.dvphilippines.com/ 14
OUR APPROACH Validate Certain Strategies Feedback ESSAP Operations Flexible pricing level Clear expectations High- end Facilities Transition Methodology Migrate D&V Philippines understands your business needs. D&V Philippines leverages state-of-the-art technology to provide seamless remote accounting services as an extension of your accounting team. We maintain high standards of security and confidentiality with appropriate procedures to prevent any unauthorized access to client information. Capture and Transfer onshore operation 15 http://www.dvphilippines.com/ Understanding requirements
OUR ONBOARDING APPROACH Quality Assurance/ Marketing F&A Operations Marketing/Sales Marketing/Sales Signed Engagement Letter Client Endorsement • Clear expectations and deliverables • Standard onboarding procedure Kick-Off • Introduction to the professional team (2-3 people) Initial Assessment Survey http://www.dvphilippines.com/ Quality Assurance Q&A involvement Quality Assurance/ Marketing Customer Satisfaction Survey
PAPERLESS APPROACH ENTREPRENEURS Online Accounting Automatically import and code your bank transactions. Automated Bank Feeds Online Invoicing D&V Philippines is Xero Partner, providing online, on cloud and Paperless Environment. Access your system, anytime, anywhere. This applications helps you manage all aspects of business See your cash flow in realtime. Just log-in anytime, anywhere Create and send invoices automatically & get paid online. Integrating application with Xero http://www.dvphilippines.com/ 17
PAPERLESS APPROACH Accounting Systems TPM Xero QuickBooks Exact Docuware Myob Datev Citrix Microsoft Dynamics Nav IFS Sage Handisoft D&V Philippines is Xero Certified Partner, providing online, on cloud and Paperless Environment. http://www.dvphilippines.com/
OUR CLIENTS Bookkeepers/ Accounting Firms in Brisbane, Sydney and Melbourne Part-time CFOs across Australia Family owned SMEs in Brisbane and Sydney CLIENTS IN AUSTRALIA **references upon request** http://www.dvphilippines.com/ 19
SUMMARY Focus on KPO F&A In-depth expertise with Australian Accountancy and Compliance with proven track record and great references available (BAS, GST SUPER, PAYG) ESSAP approach : Eliminate, Simplify, Standardize, Automate Philippines. 40-45 CPAs Cloud based paperless F&A solutions for SMEs Xero Certified Partner (experience in MYOB, QuickBooks and other) Dedicated Q&A Department (Standard onboarding procedures new clients) “WE TAKE CARE OF YOUR FINANCE, YOU TAKE CARE OF YOUR BUSINESS” http://www.dvphilippines.com/ 20
Q&A “QUESTIONS?” http://www.dvphilippines.com/ 21
CONTACT US: D&V Philippines 11th Floor Tower 1, The Enterprise Center 6766 Ayala cor. Paseo de Roxas Makati City, Philippines 1226 +63 2 8461144 firstname.lastname@example.org For Marketing concerns: Email: email@example.com http://www.dvphilippines.com/ 22
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