1900 E. Golf Road, Suite 950 Schaumburg, IL 60173-5034
At XPECT, we understand the unique challenges faced by Japanese subsidiaries operating in the United States and are here to help. XPECT has been serving Japanese businesses since inception in 2019 and our comprehensive service portfolio is built to meet the specific professional service needs of Japanese companies. […]
Does your business have operations in the United States and Japan? If so, learning more about SOX and J-SOX compliance will be useful for your business. J-SOX guidelines establish rules and guidelines for financial reporting on your business operations to protect investors. The purpose of the guidelines is to improve accuracy of financial reporting and lower instances of fraudulent reporting. Non-compliance with these guidelines can have severe penalties for officers of the company. […]
In a tight labor market, strategic outsourcing can yield benefits for a growing business. In this article, we will present four strategic advantages a business may realize when outsourcing all or part of their accounting function. […]
How effectively does your business manage its working capital? Working capital is the cash that enables your business to operate and to support growth. The key word here is “working”. Is the capital available in your business truly working for the business? Insufficient cash or concern about future market conditions or outcomes often leads management to postpone, delay, or cancel planned uses of working capital. While these may be correct decisions, ask yourself the following few questions to begin evaluating how effectively your business is utilizing its working capital. How much working capital does your business really need? Taking the time to evaluate your working capital requirements in the context of the company vision and strategy allows you to take proactive steps to ensure funds are available when needed. Is the use of working capital aligned with strategic objectives? Make sure you fund strategic priorities first. Do you have a cash reserve? Every business needs a cash reserve. Building [...]