Services
What I do
Business Consulting
Digitalise Your Business
To be engaged to the current business trend, digitalisation is a must for most of the business sectors. We have assisted many businesses in setting up the financial framework for them to transform from conventional business to globalised business platform. Moreover, we collaborate the website developer for your hassle free service.
Sustainability & Corporate Reporting
With expectation around Environmental, Social and Governance (ESG) issues continuing to heighten, we help organisation develop their sustainability and corporate reports whilst providing insights to strengthen existing ones against global recognised reporting frameworks such as the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) Standards and the International Integrated Reporting Framework.
Sustainability reporting is becoming a mainstream business practice where Covid-19 and the “new-normal” have significantly increased the importance of disclosures made in Sustainability Report.
Stakeholder Engagement & Materiality Assessment
- Unpack the current state, understand the expectation and assess materiality
Data collection
- Established the data collection protocol within organisation
- Provide support on the data collection process
Sustainability Report Development
- Develop the sustainability report, incorporating the improvements and recommendations
United Nation Sustainable Development Goals (UN SDGs) Alignment
- Assist organisation to assess and align their current initiatives with UN SDGs goals and targets
Sustainability Reporting Training
- Provide sustainability reporting awareness training to enhance the internal capability on sustainability reporting journey
Strategic Review
Globalisation and rapid technological change are currently disrupting traditional business models. With the assistance from OK Advisory, you’ll better understand these trends and their impact. We can formulate solutions to keep you ahead of disruptive change. We offer a full spectrum of services to address the biggest challenges in SME businesses: sustaining and financing growth, managing risk and talent, optimising operations and protecting value.
Strategy & performance improvement
We deliver strategy development and performance improvement services at every stage of your growth journey.
Financial management
We can help you improve your financial processes and systems, and transform the finance function so you can focus on informing decision makers and enhance business understanding.
Productivity improvement
We deliver systematic improvements across people, processes and technology right through the supply chain.
Human capital
We support businesses with the strategy part of the human capital challenge, from organisation design to training and managing cultural change.
AML (KYC)
Today, KYC (Know Your Customer) is a significant element in fighting against financial crime and money laundering and customer identification is the most critical aspect as it is the first step to better perform in the other stages of the process.
KYC procedures defined by financial institutions involve all the necessary actions to make sure their customers are real, assess, and monitor risks. KYC process includes ID card verification, face verification, document verification such as utility bills as proof of address, and biometric verification. KYC checks are done through an independent and reliable source of documents, data, or information. Each client is required to provide credentials to prove identity and address.
To comply with international regulations against money laundering and terrorist financing, reinforced Know Your Customer procedures need to be implemented in the first stage of any business relationship when enrolling a new customer.
Financial Institution usually frame their KYC policies incorporating the following four key elements:
- Customer Policy
- Customer Identification Procedures (data collection, identification, verification, politically exposed person/sanctions lists check) aka Customer Identification Program (CIP)
- Risk assessment and management (due diligence, part of the KYC process
- Ongoing monitoring and record-keeping
With strong expertise in outsourced KYC services for financial institutions, OK Advisory also provide solution that helps them comply with the new rules, particularly those regarding CDD (Customer Due Diligence) and KYC obligations. We have a designated team to work for you.
Outsourced Routine Services
Accounting, Bookkeeping, Compilations
Advantages to outsource the accounting or bookkeeping to OK Advisory:
- Cost and Time Saving Cost and time saving when outsourcing accounting or bookkeeping to OKAdvisory. Low hassle/hassle free for financial reporting in future.
- Global Experience More than 10 years of professional accounting experience across the globe with qualified chartered accountants (CPA Australia, ACCA, ICAEW, MICPA, MIA, CA(S)) dedicated to help you in preparing quality reports and giving you practical advice and solutions for your business.
- OK Advisory delivers reports for Timely and Accurate Financial Data. Having a set of timely and reliable financial reports is pertinent for your decision making process.
- Focus on Core Business By outsourcing accounting or bookkeeping to OK Advisory, no training for accounts executives or overlooking their works is required. Business owner will have more time to focus on the core business.
- Reduce the likelihood of Penalties from SSM, LHDN & Immigration Up to date accounting and bookkeeping knowledge to reduce your burden in arranging financial reporting with authorities.
- One Stop services OK Advisory provides outsourced accounting, bookkeeping and outsourced CFO services in Klang Valley and central of Peninsular Malaysia.
Outsourced CFO, Projection/Forecast/
Budgetting, Payroll
Advantages by hiring qualified and experienced accountant or chief financial officer (CFO) at OK Advisory for your business:
- Cost savings by reducing unnecessary expenses such as interest, penalties, wastage, goods return and others.
- Tax minimization through proper mid-term and long-term planning.
- Profit improvement by eliminating unhealthy business unit or product line.
- Cash flow enhancement by speeding up collection
- Reduce mistakes and irregularities by designing and strengthening internal control system, company’s policy & procedures
- Plan and align business model with updated and accurate financial information
It is advisable for business owners to engage reputable accounting firms as their “Outsourced CFO” in order to manage financial system, people & technology infrastructure with minimum cost. Citing to the recent salary report by one of the job agencies for full time CFO , it has indicated that accountants are very in demand and the Malaysian market is lacking qualified and experienced accountant. Furthermore, most SME business owners are not ready to hire a full-time qualified and experienced accountant or CFO which will create business burden for the SME business at the salary range of RM 7,000- RM 200,000 per month. OK Advisory consists of experienced advisors who worked in international firms across the globe. Through “Outsourced CFO” service, OK Advisory has managed to improve and enhance the financial function of many SME companies. A lot of business managed to transform to healthy level and enjoy the abovementioned benefit through advice and collaboration with OK Advisory.
Business Compliance Services
Audit & Assurance (Malaysia & Singapore)
Statutory audit & Special audit
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- Delivery of efficient compliance within timeline
- Dedicated team who understands and are well trained to deal with SME businesses
- Delivery of value through identification of business strength and weakness
- Improve external financial reporting
- Financial statement review
- Special audit
- Internal audit
Taxation (Malaysia & Singapore)
Our taxation services as below:
- Corporate Tax Compliance
- Tax Planning & Advisory Service
- Personal Tax
- Other Tax Services
Company Secretarial Services (Malaysia & Singapore)
Our team of experienced Company Secretaries provide services to ensure compliance with the Corporations Act and associated legislation in a practical, pro-active and commercially aware manner. Provision of:
- Company secretary
- Registered office
- Nominee shareholder & director
- Authorized representative for overseas companies
- Company search
- Certification and notarization services
Benefit from our services:
- Identify and highlight tax risk areas and provide them with the right solutions
- Constantly looking for opportunities for tax savings and claiming of tax incentives
- Structuring of companies and operations to optimize tax benefits
- Maximize tax efficiency by reviewing business transactions and documentations
- Advise on initial startups for foreign companies starting business in Malaysia
Corporate Finance
Mergers & Acquisitions
We are the new generation of professionals provide the high quality and comprehensive financial advisory services to buyers side or sellers side of business combination. Our services include feasibility study, target screening, review of relevant agreements, completion procedures assistance, post-merger integration services, and divestment of business units.
Business Valuations
Our valuation team provides you with our professional advice in assessing the valuation assumptions and parameters via a robust financial model built-in with multiple cross checks against various valuation methodology. We help you scrutinise through the complex processes and value-add through our analytic statistic. The purpose of the valuation is to provide a guide to the value of a company of which you are either a seller or a buyer.
Financial Due Diligence
Our professionals are committed to work closely with you and providing you with strategically focused in various analysis with recommendations to advise you in any business combination, emphasising on the financial and commercial in a business combination.