We often hear such terms “Bridging Finance” and “End-Financing” in the housing/property development industry.
This article seeks to give some simple clarifications of such terms used.
Bridging Finance is:

A temporary advance to bridge the financial gap from commencement of a project until the eventual return of the cash when the project is completed;

As it is on a […]

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The general rule of the thumb is that rule-based, homogeneous, non-critical transaction processes are suitable for shared services.
In a survey on SSC, the following are revealed ( by %):
(A) Top Five (5) Shared Services performed:

Accounts payable
Accounts receivable
Travel expenses
General ledger and consolidation
Payroll and benefits

(B) […]

Interestingly, Furniweb Manufacturing ( Vietnam) Co Ltd (FMV) which is a subsidiary of Malaysian public listed company, Furniweb Industrial Products Bhd was reported in The Star (22/1/07) to explore listing in Vietnam vide the Ho Chi Minh City Securities Trading Centre. Also, this might be the first time that a Malaysian corporate is looking into […]

In the earlier article, we understand some of the reasons/justifications and challenges for a faster close.

So what can be some of the initiatives to drive a “faster close”:-

Review the work flow/process ( refer earlier article)
Increased automation – for example, online daily posting of sub ledgers […]

With stricter regulations like Sarbanes-Oxley Act coupled with organizations today getting larger and more complex with businesses change very rapidly such as products change, structure changes, new distributions channel emerge and the need to have faster communication of additional information it is therefore vital that we need to establish an efficient reporting concept. Hence, […]