Financial Reporting Outsourcing With Microsoft ERP

Transforming Financial Reporting for Malaysia

SNCO Consulting's Financial Reporting Outsourcing service delivers comprehensive financial reporting services that combine technical accounting knowledge, regulatory compliance proficiency, and technology-driven efficiency. For Malaysian SMEs and enterprises seeking to modernise their finance function whilst maintaining the highest standards of accuracy and compliance, our Financial Reporting Outsourcing service provides a complete solution powered by Microsoft ERP platforms.

Comprehensive Financial Reporting Services

Our Financial Reporting Outsourcing service handles the complete financial reporting lifecycle for your organisation. We manage monthly management accounts preparation with variance analysis and commentary, quarterly financial reviews with trend identification, year-end statutory financial statements compliant with MFRS or MPERS, consolidated financial statements for group companies, and customised management reports tailored to your board and stakeholder requirements. Each deliverable is prepared by accountants in practice familiar with various industries and with thorough knowledge of Malaysian accounting standards and regulatory requirements.

For organisations with complex reporting needs, we provide segment reporting, related party transaction analysis, foreign currency translation for international operations, and fair value assessments for financial instruments or investment properties. Our team stays current with accounting standard updates from the Malaysian Accounting Standards Board, implementing new requirements as they take effect and advising clients on the impact to their financial statements.

Management reporting goes beyond statutory compliance to provide the insights executives need for strategic decision-making. We design reporting frameworks that highlight key performance indicators, identify trends requiring management attention, and provide benchmarking against industry peers where appropriate. Our management reports balance detail with clarity, presenting financial information in formats that facilitate understanding and support informed decisions.

Malaysian Tax Compliance & Regulatory Submissions

Tax compliance is fully integrated into our Financial Reporting Outsourcing service. We manage corporate income tax computation aligned with Malaysian tax legislation, quarterly instalment tax calculations with cash flow planning, withholding tax compliance for payments to non-residents, transfer pricing documentation for related party transactions, and LHDN submission coordination including tax estimates and annual tax returns. Our tax team understands the nuances of Malaysian tax law, identifying legitimate tax planning opportunities whilst maintaining compliance with LHDN requirements.

Sales and Service Tax compliance represents a significant administrative burden for many Malaysian businesses. Our service includes SST registration guidance, transaction classification (standard-rated, zero-rated, exempt, or relief), monthly SST return preparation with supporting schedules, and SST audit support if required. For businesses preparing for LHDN's e-invoice mandate, we configure your Microsoft ERP to generate validated e-invoices through MyInvois, submit them within the required timeframes, and maintain the compliance documentation required for audit verification.

Statutory submissions beyond tax compliance are handled systematically. We coordinate Companies Commission of Malaysia annual return filings, prepare directors' reports and statutory declarations, manage audit coordination and working paper preparation, and support AGM documentation requirements. For regulated industries with additional reporting obligations—whether financial services, telecommunications, or other sectors—we manage industry-specific submissions to Bank Negara Malaysia, Malaysian Communications and Multimedia Commission, or other regulatory bodies.

Microsoft ERP Integration & Automation

The technology foundation of our Financial Reporting Outsourcing service is Microsoft Dynamics 365 ERP platforms—whether Business Central for SMEs or Finance & Operations for enterprises. Integration with your ERP system provides several advantages: automated data extraction that eliminates manual data entry and associated errors, real-time financial visibility through Power BI dashboards, standardised chart of accounts and posting rules that maintain consistency, and automated reconciliation procedures that accelerate month-end closing.

For businesses implementing Microsoft ERP as part of engaging our Financial Reporting Outsourcing service, we configure the system specifically to support efficient outsourced financial reporting. This includes dimension structures that facilitate segment reporting, approval workflows that maintain internal controls whilst accommodating remote finance team operations, bank feed integration that automates bank reconciliation, and inter-company posting rules for businesses with multiple legal entities. The ERP configuration reflects both regulatory requirements and financial management practices.

Our team maintains direct access to your ERP system within controlled permissions, allowing us to perform financial operations, generate reports, and investigate queries without requiring constant client involvement. This access is governed by formal service level agreements, security protocols aligned to PDPA requirements, and audit trails that maintain transparency. For businesses concerned about data security, we implement multi-factor authentication, IP address restrictions, and regular security reviews that protect financial data whilst enabling efficient service delivery.

Month-End & Year-End Process Management

Our Financial Reporting Outsourcing service transforms month-end and year-end closing processes from time-consuming exercises into efficient, predictable procedures. We implement standardised closing checklists that guide the process, automated posting rules that eliminate manual journal entries where possible, exception reporting that highlights items requiring investigation, and formal review procedures that catch errors before financial statements are issued. For businesses transitioning from manual processes, our clients typically experience 40-50% reduction in closing time within three months of service commencement.

Year-end closing includes additional procedures: depreciation calculation and posting, accrued income and expense reviews, prepayment and deferred revenue analysis, provision assessments (including employee benefits, warranties, or litigation), inventory valuation verification, and allowance for expected credit losses calculation under MFRS 9. Our team coordinates these year-end procedures systematically, maintaining documentation that supports audit verification and meets regulatory requirements.

Financial statement preparation follows structured quality control procedures. Draft financial statements undergo multiple review levels—from preparer review checking arithmetic accuracy and formatting, through senior review assessing compliance with accounting standards, to final review focusing on overall presentation and disclosure adequacy. This multi-level review process maintains quality standards whilst leveraging technology for efficiency.

Real-Time Dashboards & Business Intelligence

Every Financial Reporting Outsourcing engagement includes comprehensive business intelligence powered by Microsoft Power BI. We design executive dashboards that provide real-time visibility of financial performance, cash flow position, receivables and payables aging, inventory turnover metrics, and profitability analysis by customer, product, or business segment. These dashboards update automatically as transactions post to your ERP, providing current information without waiting for month-end closing.

For Malaysian businesses managing cash flow actively, our dashboards include cash flow forecasting based on outstanding receivables, scheduled payables, and committed orders. Treasury dashboards display bank balances across multiple accounts and currencies, with consolidated cash position reporting. These real-time insights help management make informed decisions about investments, expansion opportunities, or financing requirements.

Operational dashboards extend beyond pure finance to cover business metrics relevant to different roles. Sales managers access pipeline analysis, conversion rate trends, and customer profitability metrics. Operations managers monitor inventory turnover, order fulfilment rates, and supply chain performance. Project managers track project profitability, resource utilisation, and budget consumption. This comprehensive business intelligence transforms financial data into actionable insights that drive better decisions across your organisation.

Audit Support & Statutory Compliance

For Malaysian businesses requiring external audit—whether due to Companies Act requirements, bank covenants, or shareholder agreements—our Financial Reporting Outsourcing service includes comprehensive audit support. We prepare audit working papers systematically, respond to auditor queries efficiently, coordinate information requests with minimal client involvement, and implement auditor recommendations that strengthen financial reporting. Our team's accounting qualification and audit experience facilitate productive working relationships with external auditors, typically reducing audit timelines by 20-30% compared to organisations managing audit processes internally.

Statutory compliance extends beyond annual audits to include various regulatory filings. We manage Companies Commission of Malaysia annual returns with prescribed financial information, beneficial ownership reporting under anti-money laundering legislation, and industry-specific regulatory submissions where applicable. For foreign-owned businesses, we coordinate reporting to parent companies including consolidation package preparation, inter-company reconciliation, and foreign exchange gain/loss analysis.

Advisory Services & Technical Accounting Support

Beyond routine financial reporting, our service includes technical accounting advisory for complex transactions and events. We provide guidance on revenue recognition under MFRS 15 for contracts with multiple performance obligations, lease accounting under MFRS 16 including transition advice, financial instrument classification and measurement under MFRS 9, business combination accounting for acquisitions, and impairment assessments for goodwill, intangible assets, or property. This technical advisory helps Malaysian businesses navigate complex accounting issues with confidence.

For businesses contemplating significant transactions—whether acquisitions, disposals, capital raising, or restructuring—we provide transaction accounting support including financial due diligence coordination, purchase price allocation for acquisitions, restructuring accounting and disclosure, and financial modelling for business cases. This support integrates accounting knowledge with business advisory, helping you evaluate transaction implications comprehensively.

Scalable Service Model: From Small Teams to Full Finance Function

Our Financial Reporting Outsourcing service scales to match your requirements. For smaller organisations, we provide complete finance function outsourcing covering all financial reporting, tax compliance, and statutory obligations. Medium-sized businesses typically engage us for senior financial reporting functions whilst maintaining internal accounts payable, receivable, and payroll processing. Larger enterprises often use our service for specific entities, newly acquired businesses, or particular reporting requirements. This flexibility allows you to right-size your finance function whilst maintaining quality and compliance.

Service levels are formalised through comprehensive service level agreements covering deliverable timelines (management accounts by day X after month-end, tax returns submitted Y days before deadlines), response time commitments for queries and information requests, communication protocols and escalation procedures, and performance metrics that measure our service quality. Regular service review meetings allow us to assess performance, address concerns, and adapt service delivery to your evolving needs.

Data Security, Confidentiality & PDPA Compliance

Financial Reporting Outsourcing requires sharing sensitive financial information, and we implement comprehensive data protection measures. Our data security framework includes secure data transmission using encrypted connections, access controls limited to authorised personnel with business need, PDPA-compliant data processing agreements, regular security audits and penetration testing, and business continuity procedures that protect against data loss. For Malaysian businesses subject to specific industry regulations—whether financial services, healthcare, or other sectors—we adapt our security controls to meet those requirements.

Confidentiality is protected through professional ethics obligations, formal non-disclosure agreements with all team members, segregated client data that prevents cross-contamination, and information barriers for businesses in competitive industries. Our team understands the sensitive nature of financial information, and we maintain confidentiality standards expected from accounting practices.

Cost Efficiency & Predictable Budgeting

Financial Reporting Outsourcing delivers measurable cost benefits compared to maintaining in-house finance teams. Our clients typically achieve 30-40% cost reduction through elimination of recruitment costs and staff turnover risks, access to qualified accountants without senior-level salaries, technology infrastructure savings (ERP licensing, server costs, IT support), and reduced training and development expenses. These savings allow businesses to redirect resources to revenue-generating activities whilst maintaining high-quality financial reporting.

Service pricing is structured for budget predictability. We typically quote monthly fixed fees covering agreed scope, with transparent pricing for additional services outside standard scope. This pricing model contrasts with in-house finance functions where costs vary with leave, sick days, turnover, and salary increases. Fixed monthly fees facilitate accurate budget planning and cash flow management.

Why Malaysian Businesses Choose SNCO for Financial Reporting Outsourcing

SNCO brings combined accounting knowledge and Microsoft technology implementation capabilities to Financial Reporting Outsourcing. Our team includes accountants in practice familiar with various industries who understand both the technical accounting requirements Malaysian businesses face and the technology capabilities that drive efficiency.

Our clients benefit from quality standards of accounting practice combined with the efficiency and scalability of technology-enabled processes. This combination delivers faster closing times, better financial visibility, and stronger compliance. With local presence, thorough understanding of Malaysian regulatory requirements, and commitment to client success, SNCO provides the financial reporting partnership Malaysian businesses need to thrive.