Welcome To FactGlobal

Transform Your Finance and Accounting with “FACT”

Maximize profits and streamline operations by outsourcing your finance and accounting. Our team of experts will work with you to develop a tailored plan and deliver results.

Free Consultation

Best Services Provide

Fastest Way To Gain Business Success.

We create and build flexible & creative design in your budget. Helping your get increase sales.

Our Services

Solve Problems, Change Lives

Clear Thinking Bright Future!

We create and build flexible & creative design in your budget. Helping your get increase sales.

Free Consultation
Reduce Costs
Reduce Costs
Eliminate the need for in-house accounting staff, reduce overhead costs, and achieve cost savings of up to 50%.
Improve Efficiency
Improve Efficiency
Free up time to focus on core business activities, minimize errors and improve financial reporting accuracy.
Expertise
Expertise
Access to a team of experienced finance professionals with up-to-date knowledge that can take on tasks of different levels of complexity.
Scalability
Scalability
As your business grows, so does the complexity of your financial processes. Our services are flexible, allowing you to scale up or down seamlessly, whether in times of expansion or consolidation.
Services

We Serve the Best Work

With our Finance and Accounting outsourcing solutions, we not only reduce costs, improve efficiency, and provide expertise but also ensure compliance, offer scalability, and empower your team to concentrate on strategic objectives, ultimately driving your business towards greater success.
Accounting Outsourcing
Outsourcing your year-end statutory accounts or any accounting work will help your supervisors to concentrate on more income-generating work.....
VIEW MORE
Audit and Compliance
The rise of the online community has changed the way in which we do business forever. It has brought us closer to people that....
VIEW MORE
Staff Augmentation
In today’s dynamic business landscape, outsourcing has emerged as a strategic imperative, offering businesses and individuals a pathway.......
VIEW MORE
Consultation

Cultivating Ideas for Managed Service Excellence

At FACT Global, we are your partners in elevating managed services. Our consultancy thrives on innovation and is dedicated to your growth. We're not just advisors; we are idea architects. We firmly believe that groundbreaking ideas drive the evolution of managed services. With our industry insights and strategic prowess, we turn these ideas into concrete plans that deliver real results. Partner with us to unleash the full potential of your managed services and embark on a journey of unparalleled growth.
Get Free Professional Advisor
Ready To Help: +(65) 66104296
Why Choose Us

We Are Committed To Take Care Of Clients Seriously

We are the ideal choice for outsourcing services because we take our commitment to clients seriously. With a proven track record of delivering exceptional results and satisfied clients, we tailor our solutions to meet your specific needs. We work closely with you to ensure that our services align perfectly with your objectives, offering a level of personalized attention and expertise that sets us apart from the competition.

100+

Years of Cumulative Leadership Experience

4+

Geographical Presence and Growing

10+

Industry Experiences

Insights

Latest Posts

Our blog is a valuable resource for businesses of all sizes, from startups to established enterprises. We provide informative and insightful articles on a wide range of accounting topics
Important Ratio Analysis To Evaluate Your Business Performance

As a business owner or manager, assessing the performance and financial health of your company is crucial for making informed decisions and charting a path toward growth and success. One powerful tool at your disposal for this purpose is ratio analysis. Ratio analysis involves examining various financial ratios to gain insights into different aspects of your business’s operations, profitability, and overall efficiency. In this blog, we will delve into one of the most vital financial ratios: the Return on Investment (ROI), and explore how it can help you assess the performance of your business.

Understanding ROI (Return on Investment)

ROI is a fundamental financial ratio that measures the profitability of an investment or the efficiency of resource utilization in generating profits. In the context of your business, ROI helps you evaluate how effectively your capital and resources are being employed to generate income.

Calculating ROI

The formula for calculating ROI is relatively straightforward:

\[ROI = \frac{Net Profit}{Total Investment} \times 100\]

Here’s what each component entails:

– Net Profit: This represents the profit your business generates after deducting all expenses, including operating costs, taxes, and interest. It’s essentially your bottom-line profit.

– Total Investment: This refers to the sum of all the resources invested in your business, which can include initial investments, additional capital injections, and retained earnings.

Using ROI to Assess Business Performance

Now, let’s explore how ROI can be a powerful tool for evaluating your business’s performance:

1. Profitability Assessment: ROI provides a clear indicator of how efficiently your business is generating profits in relation to the resources invested. A higher ROI indicates that your business is generating more profit for every dollar invested, signifying strong profitability.

2. Resource Allocation: By analyzing ROI, you can determine which areas of your business are yielding the highest returns and which may require further investment or optimization. This insight enables you to make informed decisions about resource allocation.

3. Comparative Analysis: ROI allows you to compare the performance of different investments or business segments. For instance, you can evaluate the ROI of various marketing campaigns, product lines, or business divisions to identify which ones are contributing most to your overall profitability.

4. Investor Confidence: For businesses seeking external funding or attracting investors, a high ROI demonstrates a healthy return on their investment, which can instill confidence and attract potential partners or stakeholders.

Interpreting ROI Results

Interpreting ROI results is relatively straightforward:

– ROI > 100%: This indicates that your business is generating a profit that exceeds the total investment, signifying strong financial performance and efficiency.

– ROI = 100%: An ROI of 100% means your business is generating a profit equal to the total investment—a break-even point.

– ROI < 100%: An ROI below 100% suggests that your business is not generating enough profit to cover the total investment, indicating potential areas for improvement.

Key Considerations

While ROI is a valuable metric for assessing business performance, it’s essential to consider some key factors:

1. Time Frame: ROI can vary over different time frames. Short-term ROI may not reflect the long-term sustainability of your business, so consider the appropriate time horizon.

2. Risk: ROI does not account for risk. A high ROI investment might involve higher risk, so it’s important to assess risk alongside ROI.

3. Industry Standards: Compare your ROI to industry benchmarks to gain context and understand how your business performs relative to competitors.

Conclusion

Incorporating ratio analysis, particularly ROI, into your financial assessment toolkit can provide you with invaluable insights into your business’s performance. It not only helps you gauge profitability but also aids in optimizing resource allocation and making informed strategic decisions. By regularly monitoring and analyzing ROI, you can steer your business toward increased efficiency and sustained growth.

The Advantages of Outsourced Audit Support Services for CPA Firms

In the dynamic and ever-evolving landscape of Certified Public Accountant (CPA) firms, the demand for efficiency, accuracy, and adaptability is paramount. To meet these demands and stay competitive, many CPA firms are turning to outsourced audit support services. These services offer a range of benefits that not only enhance the audit process but also contribute to the growth and success of CPA firms. In this article, we will delve into the ten significant advantages that outsourced audit support services bring to CPA firms in 2023.

1. Cost Savings:

Outsourcing audit support can significantly reduce operational costs for CPA firms. It eliminates the need for in-house hiring, training, and managing of audit staff, resulting in substantial savings.

2. Expertise Access:

CPA firms can tap into a pool of experienced audit professionals with specialized knowledge in various industries and audit standards. This access to expertise ensures high-quality audit services.

3. Scalability:

Outsourced audit support services can scale up or down based on the firm’s audit workload. This flexibility allows firms to handle fluctuations in demand effectively.

4. Efficient Resource Allocation:

By outsourcing audit support, CPA firms can allocate their in-house resources to core activities such as client relationships, business development, and strategic planning.

5. Enhanced Focus on Clients:

With the burden of audit support lifted, CPA firms can provide better client service, strengthen client relationships, and offer a broader range of advisory services.

6. Access to Advanced Technology:

Outsourced providers often invest in cutting-edge audit technology and software, which CPA firms can leverage without significant upfront costs.

7. Reduced Turnaround Time:

Outsourced audit support services can streamline the audit process, leading to faster turnaround times and timely completion of client engagements.

8. Compliance Assurance:

Audit support providers are well-versed in industry regulations and compliance requirements. They ensure that audit processes adhere to all relevant standards.

9. Increased Audit Quality:

With a focus on audit accuracy and precision, outsourced support enhances the overall quality of audits, reducing the likelihood of errors or oversights.

10. Competitive Edge:

By leveraging outsourced audit support, CPA firms can offer competitive pricing to clients, potentially attracting more business and expanding their market share.

In a rapidly evolving financial landscape, the benefits of outsourced audit support services for CPA firms are clear. These services not only optimize costs but also provide access to a wealth of expertise, efficient resource allocation, and a competitive edge in the market. CPA firms that embrace outsourcing can better position themselves for growth and success in 2023 and beyond.

5 Strategies to Enhance Profitability for Your Small CPA Firm

Running a small Certified Public Accountant (CPA) firm can be rewarding, but it often comes with challenges, especially in a competitive market. To thrive and expand, it’s essential to boost profitability. Fortunately, there are effective strategies that small CPA firms can employ to increase their profit margins. In this blog, we’ll explore five key ways to enhance the profitability of your small CPA firm.

1. Leverage Technology and Automation

In today’s digital age, embracing technology is crucial for CPA firms. Implementing robust accounting software and automation tools can significantly increase efficiency and reduce manual labor hours. Consider the following technology-driven strategies:

– Cloud Accounting: Transition to cloud-based accounting software to streamline data access and collaboration with clients in real-time.

– Workflow Automation: Automate routine tasks such as data entry, report generation, and reminders to reduce human error and free up staff for more value-added work.

– Client Portals: Offer secure online portals for clients to upload documents and access their financial information conveniently.

Investing in technology not only enhances productivity but also improves the overall client experience, which can lead to increased referrals and client retention.

2. Focus on Specialization and Niche Markets

Identifying and targeting specific niche markets can set your CPA firm apart from competitors. Specializing in a particular industry or service can help you build a reputation as an expert, allowing you to charge premium fees. Conduct market research to identify underserved niches and tailor your services accordingly. Some examples of niche markets include real estate, healthcare, or small businesses in specific regions.

3. Enhance Client Relationships

Building strong client relationships is vital for long-term success. Satisfied clients are more likely to return and refer others to your firm. Consider these strategies to improve client relationships:

– Regular Communication: Stay in touch with clients throughout the year, not just during tax season. Offer insights, advice, and updates on changes in tax laws that may affect them.

– Personalization: Tailor your services to meet each client’s unique needs and goals. Show genuine interest in their financial success.

– Transparency: Be clear about your services and fees. Avoid hidden charges and surprises that can erode trust.

– Feedback Loop: Encourage client feedback and use it to continuously improve your services.

4. Efficient Staff Management

Managing your staff efficiently can have a significant impact on your firm’s profitability. Make sure you have the right balance of senior and junior staff to handle various client needs. Additionally:

– Professional Development: Invest in ongoing training to keep your team updated on the latest tax laws and regulations.

– Work Allocation: Assign tasks according to each team member’s strengths and expertise to optimize productivity.

– Time Management: Implement time-tracking tools to monitor billable hours and identify areas for improvement.

5. Strategic Pricing and Upselling

Your pricing strategy can directly impact your firm’s profitability. Review your fee structure and consider these approaches:

– Value-based Pricing: Charge based on the value you provide to clients rather than simply billing by the hour.

– Upselling: Identify opportunities to offer additional services to existing clients, such as financial planning, advisory services, or audit support.

– Tiered Pricing: Create different service packages to cater to various client needs and budgets.

Regularly assess your pricing strategy to ensure it aligns with market rates and the value you offer.

Conclusion

Boosting profitability for your small CPA firm requires a combination of technology adoption, specialization, strong client relationships, efficient staff management, and strategic pricing. By implementing these strategies, you can not only enhance your firm’s financial health but also provide better service to your clients, which can lead to sustained growth and success in a competitive industry.

Navigating Profit Growth: Embracing the Top 5 Accounting Trends for Manufacturing Businesses

In the dynamic landscape of manufacturing, staying competitive and profitable requires not only optimizing production processes but also embracing modern accounting practices. In this blog, we’ll explore the top 5 accounting trends that manufacturing businesses should follow to enhance profitability in 2023.

1. Advanced Data Analytics:

Manufacturing businesses are sitting on a goldmine of data, from production metrics to supply chain information. Leveraging advanced data analytics allows manufacturers to gain deeper insights into their operations. By analyzing data in real-time, you can identify cost-saving opportunities, optimize inventory levels, and make data-driven decisions. Predictive analytics can also help anticipate demand fluctuations and adjust production accordingly, reducing overhead costs and maximizing profits.

2. Cloud-Based Accounting Systems:

The days of traditional, on-premises accounting systems are gradually fading away. Cloud-based accounting solutions offer manufacturing businesses the flexibility, scalability, and accessibility they need to thrive. With real-time data access from anywhere, you can manage finances efficiently, collaborate with teams across locations, and streamline financial processes. Cloud accounting also provides robust security measures, ensuring the integrity of your financial data.

3. Cost Management and Control:

In manufacturing, controlling costs is paramount. The trend is to implement advanced cost management and control techniques that go beyond traditional accounting practices. Activity-based costing (ABC) and lean accounting are gaining traction. ABC helps allocate costs accurately by tracking the resources consumed in each production process, enabling you to identify cost drivers and optimize resource allocation. Lean accounting aligns with lean manufacturing principles, eliminating wasteful financial practices and focusing on value-added activities, ultimately boosting profitability.

4. Environmental, Social, and Governance (ESG) Reporting:

ESG considerations are increasingly important for manufacturers. Stakeholders, including investors and customers, expect transparency regarding a company’s environmental and social impact. By implementing ESG reporting, you not only meet regulatory requirements but also enhance your brand’s reputation and appeal to conscientious consumers. ESG initiatives, such as sustainable sourcing and energy-efficient production, can lead to cost savings and increased profitability over time.

5. Automation and Artificial Intelligence (AI):

Automation and AI are transforming the accounting landscape for manufacturing businesses. These technologies streamline routine tasks, such as data entry and reconciliation, allowing your finance team to focus on strategic activities. AI-driven analytics can identify patterns and anomalies in financial data, helping you detect potential fraud or inefficiencies early on. Additionally, automation reduces the risk of human error, ensuring accurate financial reporting.

Conclusion: Embracing Accounting Trends for Profitability

In the competitive world of manufacturing, staying ahead of the curve is essential for sustained profitability. Embracing these accounting trends, from advanced data analytics to automation and AI, can provide your business with the competitive edge it needs. By optimizing operations, controlling costs, and staying transparent through ESG reporting, you can enhance your bottom line and ensure long-term financial success.

Manufacturing businesses that prioritize these accounting trends position themselves for increased profitability and resilience in an ever-evolving industry. As we venture further into 2023, staying informed and adapting to these trends will be key to navigating the path toward sustainable growth and profit.

Virtual CFO vs In-house CFO

The role of a Chief Financial Officer (CFO) is integral to a company’s financial health and strategic decision-making. Traditionally, businesses have relied on in-house CFOs to manage their finances, but in recent years, a new player has entered the scene: the Virtual CFO. As businesses continue to adapt to evolving economic landscapes, it’s crucial to understand the key differences and benefits of both options. In this comprehensive comparison, we’ll explore the roles, advantages, and considerations of hiring a Virtual CFO versus an in-house CFO in 2023.

Defining the Roles

In-house CFO:

An in-house CFO is a full-time, on-site executive responsible for managing a company’s financial operations. They provide strategic financial guidance, oversee financial reporting, and manage financial teams. In-house CFOs are deeply embedded in the company’s culture and operations.

Virtual CFO:

A Virtual CFO, often referred to as an outsourced or part-time CFO, provides financial leadership and strategic guidance remotely. They work on a contract basis and offer their expertise to multiple clients, often from different industries. Virtual CFOs are specialists who can adapt quickly to various business environments.

Comparing the Advantages

1. Cost Efficiency:

– Virtual CFO: Virtual CFOs are typically more cost-effective than hiring full-time, in-house CFOs. You pay for their services only when you need them, reducing overhead costs.

– In-house CFO: Hiring an in-house CFO involves a fixed salary, benefits, and office space expenses, making it a more significant financial commitment.

2. Expertise and Experience:

– Virtual CFO: Virtual CFOs often bring a wealth of experience, having worked with various companies and industries. They offer specialized skills and can provide insights from diverse financial environments.

– In-house CFO: In-house CFOs may have a deep understanding of the company’s culture and operations, but their expertise may be limited to a specific industry or organization.

3. Flexibility:

– Virtual CFO: Virtual CFOs offer flexibility in terms of contract length and scope of work. You can engage them for specific projects, during growth phases, or for ongoing financial management.

– In-house CFO: In-house CFOs are typically committed to long-term employment, making it challenging to adjust staffing levels during periods of financial change.

4. Scalability:

– Virtual CFO: Virtual CFOs can adapt quickly to a company’s changing financial needs, making them suitable for startups and businesses experiencing rapid growth.

– In-house CFO: Hiring an in-house CFO may involve a lengthy recruitment process, which can be less agile when responding to market changes.

5. Access to Networks:

– Virtual CFO: Virtual CFOs often have extensive networks of professionals, including accountants, lawyers, and industry experts, which can be leveraged for your benefit.

– In-house CFO: While an in-house CFO can build relationships within the company, their external network may be more limited.

Considerations and Limitations

While Virtual CFOs offer numerous advantages, there are certain considerations and limitations to keep in mind:

– Remote Communication: Effective communication is crucial when working with a Virtual CFO. Clear communication tools and regular meetings are essential to ensure alignment with your business goals.

– Data Security: Sharing sensitive financial data with a Virtual CFO requires robust data security measures and confidentiality agreements to protect your information.

– Company Culture: An in-house CFO may have a deeper understanding of your company’s culture, which can be advantageous in decision-making and strategic planning.

– Full-time Commitment: If your business requires a CFO’s full-time presence and attention, an in-house CFO may be the better choice.

Choosing the Right CFO for Your Business

The decision between a Virtual CFO and an in-house CFO ultimately depends on your business’s unique needs, financial resources, and growth stage. Many businesses find value in a hybrid approach, where they engage a Virtual CFO for specialized tasks and strategic guidance while having an in-house finance team for day-to-day operations.

In 2023, the CFO landscape has evolved, offering businesses greater flexibility and access to top-tier financial expertise. Whether you choose a Virtual CFO or an in-house CFO, both roles play a vital role in driving your company’s financial success. Assess your current financial needs and long-term objectives to make the right choice for your business.