Nexia TS sets a new stan­dard for pro­fes­sional ser­vices

Be­spoke ser­vices and a com­mit­ment to digi­ti­sa­tion are keys to Nexia TS be­ing the part­ner of choice for over 90 listed com­pa­nies.

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Gone are the days when ac­count­ing firms re­lied on a one-size-fits-all sys­tem to serve the needs of var­i­ous clients. At Nexia TS, re­lent­less in­no­va­tion is the key to­wards top-notch ser­vice. “We aim to be a per­sonal ad­viser who lis­tens to our clients, thinks on their be­half and helps guide them on dif­fi­cult de­ci­sions,” says Henry Tan, Manag­ing Di­rec­tor of Nexia TS.

Es­tab­lished in 1993, Nexia TS Pub­lic Ac­count­ing Cor­po­ra­tion is a proud home­grown firm with a stel­lar track record. Since its found­ing, it has achieved a to­tal of 32 IPO list­ings to-date in its ca­pac­ity of Re­port­ing Ac­coun­tant and Con­sul­tancy roles. Now, its key clien­tele in­cludes over 90 pub­lic listed com­pa­nies, for whom the firm pro­vides statu­tory au­dit, in­ter­nal au­dit, tax or other forms of ad­vi­sory work. In ad­di­tion, Nexia TS also serves sev­eral multi­na­tional com­pa­nies, non-profit or­gan­i­sa­tions and large pri­vate en­ti­ties.

One-of-a-kind tech­nol­ogy

De­spite its suc­cess, Nexia TS is def­i­nitely not rest­ing on its laurels. To stay com­pet­i­tive, the firm has in­vested heav­ily in pro­vid­ing au­to­mated so­lu­tions to stream­line its work­flow pro­cesses. It has in­vested into the be­spoke Prac­tice Man­age­ment Sys­tem (PMS), a cus­tomised work­flow sys­tem which greatly em­pow­ers the firm in its ef­fi­ciency drive. “We be­lieve we are one of the more ad­vanced firms to in­vest a siz­able amount into an en­ter­prise re­source plan­ning sys­tem,” says Henry, adding that this has con­trib­uted greatly to the firm’s pro­duc­tiv­ity across all busi­ness units in terms of au­tomat­ing work func­tions.

“On top of im­ple­ment­ing the PMS plat­form, we have been us­ing Case­ware Elec­tronic Work­ing Pa­pers for As­sur­ance, which al­lows elec­tronic work­ing pa­pers and au­to­matic prepa­ra­tion of fi­nan­cial state­ment num­bers to check against the re­ports.” Henry added.

In July 2017, the firm also launched

As­cend, an in­te­grated cloud-based ac­count­ing, busi­ness au­to­ma­tion and A.I. an­a­lyt­ics so­lu­tion plat­form. “Bol­stered with our tech­ni­cal and con­sult­ing ex­per­tise, As­cend works with lead­ing soft­ware part­ners to lever­age on their tech­no­log­i­cal ca­pa­bil­i­ties and their strate­gic part­ner­ships with lead­ing com­pa­nies such as IBM Wat­son, to de­liver the best of both worlds to our clients,” com­mented Henry.

More dig­i­tal in­no­va­tions are in store for Nexia TS. Henry notes that the firm is also look­ing into us­ing an­a­lyt­ics and tech­nol­ogy tools to im­prove its man­ual pro­cesses in com­pli­ance work, as well as ex­plor­ing a dig­i­tal client re­la­tion­ship man­age­ment sys­tem.

“We are con­stantly in touch with the uberi­sa­tion of ac­count­ing and ad­vi­sory busi­ness. In such a com­pet­i­tive en­vi­ron­ment, we have to em­bark on con­tin­u­ous in­no­va­tion and re­think of bet­ter ways to do things,” Henry says.

With its grow­ing ca­pa­bil­i­ties, the firm has also set up sub­sidiaries in Shang­hai, Malaysia, and Yan­gon to bet­ter serve its clients’ busi­ness in­ter­ests in the wider re­gion. It was also one of the early movers into the China mar­ket by set­ting up a lo­cal ad­vi­sory of­fice in 1996 and bring­ing in Chi­nese com­pa­nies to list on the Sin­ga­pore stock ex­change. “Our China prac­tice has pro­vided valu­able sup­port to many in­ter­na­tional cor­po­ra­tions look­ing to pen­e­trate the China mar­ket,” Henry notes. “China re­mains a ma­jor mar­ket for our firm. Hence, we will ride on the One Belt One Road ini­tia­tive to con­tinue to as­sist our clients ex­pand their busi­ness in­ter­ests over­seas.”

“We aim to be a per­sonal ad­viser who lis­tens to our clients, thinks on their be­half and helps guide them.”

In July, the firm launched As­cend, an in­te­grated cloud-based ac­count­ing, busi­ness au­to­ma­tion and A.I. an­a­lyt­ics so­lu­tion plat­form

Henry Tan, Manag­ing Di­rec­tor of Nexia TS

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