When to outsource
Who is doing it?
Major global players in outsourcing their finance and accounting functions
| Company (HQ location) | Locations | Offshore revenue |
|---|---|---|
| Accenture (US) | India, Philippines, Spain, China, Czech Republic, Slovakia, Brazil, Australia | Over US$5 billion |
| Hewitt Associates (US) | India, China, Philippines, Thailand, Malaysia, Czech Republic, Poland, Hungary, Brazil, Mexico, Argentina, Chile | over US$5 billion |
| IBM (US) | India, Czech Republic, China, Australia | US$1–5 billion |
| Tata Consultancy Services (India) | India, Hungary, Brazil, Uruguay, China, Chile | US$1–5 billion |
| Wipro (India) | India, Canada | US$1–5 billion |
Benefits of Outsourcing
COST SAVINGS
- TOTAL COST FOR A FULL TIME CFO: SGD 240,000 PER ANNUM
- OUTSOURCED CFO : SGD 24000 APPROX
- YOU SAVE 90% OF THE COST FOR 1005 OF THE EXPERTISE OF OUTSOURCED CFO
Our staff have decades of experience working closely with founders, management
teams, institutional investors, and boards of directors…
Industries Covered
Our Client Base
We serve client s of India, Sri Lanka, Nepal, Maldives, Bangladesh, Dubai, Bahrain,Australia
and of course, Singapore.
This list is growing, and we are ready to cover as many countries as possible in the future
Leadership Bios
Narasimhan Jayasri, Brindavan Lian Meng Pte Ltd
Narasimhan Jayasri is a CPA from Singapore, Australia and the UK. She has over 33 years of experience
in the accounting and finance industry. She’s worked closely with companies across a vast client base
to assist them to define their company strategy, to achieve efficiencies and has responsibility for
transition and implementation of robust Accountancy practices. She is presently the director of
Brindavan Lian Meng Pte Ltd, a $5million strong revenue based company.
Rohit Jois, Brindavan Lian Meng Pte Ltd
Rohit is a CPA from Singapore, having over 5 years of experience in the accounting and finance
industry. He previously has experience working in KPMG working with Fortune 500 clients under
extremely tight deadlines. Presently, he is an entrepreneur having opened an Indian restaurant of his
own, and is aiming to work closely with companies to assist them to in their outsourced accountancy,
payroll and finance services.
Fees Structure
| Services | Fee | Type |
|---|---|---|
| GST Registration • Set up & Registration • Tax Agent Services | S$750 S$3,000 | One Time Per Annum |
| Withholding Tax | S$500 per case for value of the invoice up to SGD 250000 | Case basis |
| Client Relations • Invoicing • Follow-up through | S$30 per invoice $200 per invoice | Raising & Sending Follow-through |
| Incorporation • Incorporation and compliance check • Bank Account Opening Assistance • Retainer Service Fee • Secretarial fee • Registered Office • Nominee director | S$1,000 S$350 S$1200 S$480 S$3,600 | One time Per Bank Account Per Annum Per annum Per Annum |
| Annual Statutory Compliance • Financial Statement Compilation • Audit Coordination • XBRL & Annual Return Filing • Filing and penalties , GSt as applicable as extra • Audit fee extra as charged by auditors | S$8,500 S$2,500 S$2,500 | Per Annum Per Annum Per Annum |
| Payroll Management • Payslip generation • CPF monthly generation • Yearly IR8A and AIS | S$40 per individual S$ 100 per individual | Per Month Per annum |