Core capital consulting corporate profile_2013

CCC

Corporate profile presentation

Core Capital Consulting KK

2013 June

A Distinguished Global business solution partner connecting you through Asia

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

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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

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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

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Interviews Examination &

Analysis

Desk Research

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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

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4. Accounting and financial Reporting Services

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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.


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)


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


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

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•Source data

•Vendor data

•A/P data

•HR data

•A/R data

•Intercompany

data

CCC Client

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

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5. Human Capital Management Services – Recruitment / Payroll / Benefits

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CCC 5.1 RECRUITMENT SERVICES

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Client

Consult

ation

Develop

Recruitment

Strategy

Candidate

Sourcing

CCC

Interviews

and

Assessme

nts

Client

Interviews and

Assessments

Process

Offer negotiation

and Hiring

CCC


Payroll Data Management

Collation and application of individual employee's payroll data and transactions via electronic and/or hard copy input.


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

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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


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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.


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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 Processes Social 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

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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

Bureaucratic Lean

Goal

5.6 PAYROLL PROCESS IMPROVEMENTS

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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

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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


Send LARGE FILE

Submission


Enter TERMINATED

Employees


Send SERVICE

REQUEST


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

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6. Appendix contact details

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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

[email protected] [email protected] 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

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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 [email protected]

[email protected] www.corecapitalconsulting.com


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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

CCC

CCC’s Affiliated Professional Firms

Group Companies:

Core Capital Consulting KK

Tabitabi KK

Core Capital West Japan GK in Osaka

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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

http://www.corecapitalconsulting.com/05.html

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CCC’s clients

CCC


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