This special Crisis Management issue of China Briefing Magazine, titled “Optimizing Your China Accounting and HR Processing with Cloud Technology” is out now and available as a complimentary download on the Asia Briefing Publication Store.
Most businesses with experience in China are accustomed to the complex, paper-intensive, and laborious manual procedures required to execute back office functions like accounting, human resources (HR), and payroll. New technology solutions are changing this experience in many regards.
While its regulatory environment remains complex, China has leapfrogged other countries by rapidly digitalizing its financial, tax, and HR compliance procedures. This is enabling companies based in China to transition to far more productive and effective ways of administering their back office functions.
Multiple technology solutions now exist, deployed via the software as a service (SaaS) approach or other cloud-based approach, to streamline core business functions in a secure and cost-effective manner.
This results in greater operations savings through efficient allocation of work hours, accurate accounting through real-time capture of information and computerized calculation, system integration with compliance/reporting mechanisms, and more optimal (rather than one-time) use of company data. Further, technology solutions enable companies to be more agile and function through remote-based management under COVID-19.
In this special issue of China Briefing, we examine how business leaders can get the most from simple, cost-effective solutions. We first explore how technology-powered tools can empower your business accounting process. Next, we discuss the benefits of digital expense management solutions that are suited to China’s peculiar invoice compliance environment.
We then present the case for how today’s customizable HR and payroll apps better enable human capital management. Lastly, we analyze some particular considerations for the optimal application of wider IT solutions in China which Chief Information Officers or Chief Technology Officers should pay particular attention to.
With offices located across China and more than 25 years of experience helping foreign enterprises set up operations in the country, Dezan Shira & Associates is well positioned to assist your company in the Chinese market. For more information, please email us at firstname.lastname@example.org.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong.
Please contact the firm for assistance in China at email@example.com. We also maintain offices assisting foreign investors in Vietnam, Indonesia, Singapore, The Philippines, Malaysia, Thailand, United States, and Italy, in addition to our practices in India and Russia and our trade research facilities along the Belt & Road Initiative.
Previous Article « Foreigners’ Special Visa Application and Entry into China: 3 Case Studies
Next Article Managing Your China Business During the Coronavirus Outbreak »
Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. With its team of lawyers, tax experts, auditors and...
Doing Business in China 2020 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in...
Tax, Accounting, and Audit in China 2020 offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or...
Having suffered through the worst of the COVID-19 outbreak in the initial months of the year, China now offers the world a way to move forward. Key lessons for...
Dezan Shira & Associates helps
businesses establish, maintain,
and grow their operations.
Stay Ahead of the curve in Emerging Asia. Our subscription service offers regular regulatory updates,
including the most recent legal, tax and accounting changes that affect your business.