Japan & North Asia Focused Accounting, Finance, BPO and HR Solutions
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Core Capital Consulting (CCC) is a distinguished business solution provider that supports mid to large-sized companies in Japan by offering exemplary customer service across various areas, including financial management and human capital management. With over a decade of experience, CCC leverages its multi-lingual team to provide tailored solutions that enhance client operations and ensure compliance with local regulations. Their services encompass accounting, payroll, recruitment, and strategic consulting, focused on maximizing value and achieving business objectives.
Japan & North Asia Focused Accounting, Finance, BPO and HR Solutions
- 1. CCC Corporate profile presentation Core Capital Consulting KK 2013 June A Distinguished Global business solution partner connecting you through Asia
- 2. 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 2
- 3. CCC 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 3
- 4. CCC 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 4 Interviews Examination & Analysis Desk Research
- 5. CCC 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 5
- 6. CCC 4. Accounting and financial Reporting Services 6
- 7. CCC 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 7
- 8. CCC •Source data •Vendor data •A/P data •HR data •A/R data •Intercompany data CCCClient 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 8
- 9. CCC 5. Human Capital Management Services – Recruitment / Payroll / Benefits 9
- 10. CCC 5.1 RECRUITMENT SERVICES 10 Client Consult ation Develop Recruitment Strategy Candidate Sourcing CCC Interviews and Assessme nts Client Interviews and Assessments Process Offer negotiation and Hiring
- 11. CCC 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 11
- 12. CCC 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 12
- 13. CCC 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 13
- 14. CCC 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 ProcessesSocial 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 14
- 15. CCC 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 Bureaucr atic Lean Goal 5.6 PAYROLL PROCESS IMPROVEMENTS
- 16. CCC 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 16
- 17. CCC 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 17
- 19. 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 corecapital.consulting@gmail.com ceo@corecapitalconsulting.com 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 19
- 20. CCC 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 corecapital.consulting@gmail.com ceo@corecapitalconsulting.com 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 20
- 21. CCC 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
- 22. CCC CCC’s Affiliated Professional Firms Group Companies: Core Capital Consulting KK Tabitabi KK Core Capital West Japan GK in Osaka 22 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
- 24. CCC 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 24