RETURN ON INVESTMENT.

As a high-tech drilling company from Japan, at Starhardtech, it seems we are under pressure from many sides. On the one hand, these machining operations require absolute precision in today’s high-tech characteristics. On the other hand, the pressure to export large quantities of drills (sometimes up to thousands of drills a month) to Japan, one of the most “rigorous” countries. But the most difficult is that backend activities must be able to coordinate smoothly, especially with a thin resource & only specialized in technology like Starhardtech.

In order to take advantage of labor & competitive price, we transfer production & processing activities to Trang Bom Industrial Park, Dong Nai since 2014. All employees are technicians, in addition to one The sole representative is responsible for all commercial activities, finance, debts, taxes, etc. The financial statements to the managing company in Japan are also mentioned. Reports to the Industrial Zone Authority; reminds of due loans; monthly production; validity of documents of machinery and equipment, reports of debts; monthly payrolls and insurance, benefits; tax compliance, etc.

… is part of what Kaizen Accounting has been supporting Starhardtech since mid-2017 until now.

But we were really struggling, both in terms of volume – quality of work, and the “ROI” of this accounting service over the previous 3 years when we’re new to Vietnam.

At that time, in order to “secure” the strict requirements & complex requirements of the work, we outsourced this activity to a large accounting service firm (also Japanese & based in Vietnam). How is the result? Yes, you guessed it right. They work incessantly (despite trying to get together for quite a long time). Especially, we have to bear a relatively high cost of accounting services, about 2.5 times the level of an accountant.

Then we tell ourselves we will optimize our resources, cut costs & hire an accountant with the right experience, and the salary cost is only about 40% compared to the previous service business. But then what? There are times when we are really exhausted, when you are not able to handle both general accounting and detailed accounting at the same time – both in terms of volume and job specificity.

Fortunately, in mid-2017, right at the hottest moment, we were introduced to Kaizen Accounting as a “turnkey”. On the one hand, both meet the multi-faceted nature of the job, but on the other hand, the service cost is only half of the service business that we outsourced when we first arrived in Vietnam.

ROI Comparation among Kaizen and other accounting firms

I wonder if the occasion comes from the name “Kaizen”, which is very Japanese … But we are really satisfied with you, despite many ups and downs over the past 3 years. (from mid 2017). We really find the “ROI” in working with Kaizen – not just about financial matters, but also about the professionalism and dedication of the Kaizen Team.

You may not need to listen to what we have to say, but working with Kaizen Accounting, you will enjoy what we say.

— From conversations between Starhardtech & Kaizen Accounting Team —