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Internal audit
In today's increasingly competitive and regulated market place, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place. The availability of qualified internal audit resources is a common challenge for many organisations.
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IFRS
At Grant Thornton, our International Financial Reporting Standards (IFRS) advisers can help you navigate the complexity of financial reporting so you can focus your time and effort on running your business.
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Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Looking for permanent staff
Grant Thornton's executive recruitment is the real executive search and headhunting firms in Thailand.
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Looking for interim executives
Interim executives are fixed-term-contract employees. Grant Thornton's specialist Executive Recruitment team can help you meet your interim executive needs
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Looking for permanent or interim job
You may be in another job already but are willing to consider a career move should the right position at the right company become available. Or you may not be working at the moment and would like to hear from us when a relevant job comes up.
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Practice areas
We provide retained recruitment services to multinational, Thai and Japanese organisations that are looking to fill management positions and senior level roles in Thailand.
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Submit your resume
Executive recruitment portal
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Update your resume
Executive recruitment portal
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Available positions
Available positions for executive recruitment portal
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General intelligence assessments
The Applied Reasoning Test (ART) is a general intelligence assessment that enables you to assess the level of verbal, numerical reasoning and problem solving capabilities of job candidates in a reliable and job-related manner.
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Candidate background checks
We provide background checks and employee screening services to help our clients keep their organisation safe and profitable by protecting against the numerous pitfalls caused by unqualified, unethical, dangerous or criminal employees.
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Capital markets
If you’re buying or selling financial securities, you want corporate finance specialists experienced in international capital markets on your side.
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Corporate simplification
Corporate simplification
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Expert witness
Expert witness
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Family office services
Family office services
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Financial models
Financial models
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Forensic Advisory
Investigations
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Independent business review
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
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Mergers & acquisitions
Mergers & acquisitions
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Operational advisory
Grant Thornton’s operational advisory specialists can help you realise your full potential for growth.
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Raising finance
Raising finance
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Restructuring & Reorganisation
Grant Thornton can help with financial restructuring and turnaround projects, including managing stakeholders and developing platforms for growth.
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Risk management
Risk management
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Transaction advisory
Transaction advisory
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Valuations
Valuations
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Human Capital Consulting
From time to time, companies find themselves looking for temporary accounting resources. Often this is because of staff leaving, pressures at month-end and quarter-end, or specific short-term projects the company is undertaking.
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Strategy & Business Model
Strategy & Business Model
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Process Optimisation & Finance Transformation
Process Optimisation & Finance Transformation
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System & Technology
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Digital Transformation
Digital Transformation
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International tax
With experts working in more than 130 countries, Grant Thornton can help you navigate complex tax laws across multiple jurisdictions.
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Licensing and incentives application services
Licensing and incentives application services
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Transfer pricing
If your company operates in more than one country, transfer pricing affects you. Grant Thornton’s experts can help you manage this complex and critical area.
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Global mobility services
Employing foreign people in Australia, or sending Australian people offshore, both add complexity to your tax obligations and benefits – and we can guide you through them.
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Tax compliance and tax due diligence review services
Tax compliance
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Value-Added Tax
Value-Added Tax
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Customs and Trade
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Service Line
グラントソントン・タイランド サービスライン
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Business Process Outsourcing
Companies, large and small, need to focus on core activities. Still, non-core activities are important, and they need to be leaner and more efficient than most companies can make them sustainably. For Grant Thornton, your non-core activities are our core business. Grant Thornton’s experienced outsourcing team helps companies ensure resilience, improve performance, manage costs, and enhance agility in resourcing and skills. Who better to do this than an organisation with 73,000 accountants? At Grant Thornton we recognise that that outsourcing your F&A functions is a strategic decision and an extension of your brand. This means we take your business as seriously as we take our own.
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Technology and Robotics
We provide practical digital transformation solutions anchored in business issues and opportunities. Our approach is not from technology but from business. We are particularly adept at assessing and implementing fast and iterative digital interventions which can drive high value in low complex environments. Using digital solutions, we help clients create new business value, drive efficiencies in existing processes and prepare for strategic events like mergers. We implement solutions to refresh value and create sustainable change. Our solutions help clients drive better and more insightful decisions through analytics, automate processes and make the most of artificial intelligence and machine learning. Wherever possible we will leverage your existing technologies as our interest is in solving your business problems – not in selling you more software and hardware.
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Technical Accounting Solutions
The finance function is an essential part of the organisation and chief financial officer (CFO) being the leader has the responsibility to ensure financial discipline, compliance, and internal controls. As the finance function is critical in every phase of a company’s growth, the CFO role also demands attention in defining business strategy, mitigating risks, and mentoring the leadership. We offer technical accounting services to finance leaders to help them navigate complex financial and regulatory environments, such as financial reporting and accounting standards, managing compliance requirements, and event-based accounting such as dissolutions, mergers and acquisitions.
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Accounting Services
Whether you are a local Thai company or a multinational company with a branch or head office in Thailand you are obliged to keep accounts and arrange for a qualified bookkeeper to keep and prepare accounts in accordance with accounting standards. This can be time consuming and even a little dauting making sure you conform with all the regulatory requirements in Thailand and using Thai language. We offer you complete peace of mind by looking after all your statutory accounting requirements. You will have a single point of contact to work with in our team who will be responsible for your accounts – no matter small or large. We also have one of the largest teams of Xero Certified Advisors in Thailand ensuring your accounts are maintained in a cloud-based system that you have access to too.
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Staff Augmentation
We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
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Payroll Services
More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department. At Grant Thornton employees can gain access to their salary information and statutory filings through a specialised App on their phone. This cuts down dramatically on requests to HR for information by the employees and increases employee satisfaction. We also have an optional leave approval app too if required.
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IBR Optimism of Thailand Mid-Market Leaders Suggests Potential Underestimation of Challenges Ahead: International Business Report, Q1 2024Bangkok, Thailand, April 2024 — The Grant Thornton International Business Report (IBR) for Q1 2024 unveils a strikingly optimistic outlook among Thailand's mid-market business leaders, juxtaposed with the looming challenges that will shape the nation's economic future. With a Business Health Index score of 13.5, Thailand outperforms its ASEAN, Asia-Pacific, and global counterparts, signaling a robust confidence that may overshadow critical issues such as demographic changes, skills shortages, and the necessity for digital advancement.
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Workshop Corporate Strategy and Company Health Check WorkshopThroughout this workshop, we will delve into the life cycle of companies, examining the stages of growth, maturity, and adaptation. Our focus will extend to the current business environment, where your Company stands today, and how our evolving strategy aligns with the ever-changing market dynamics.
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Tax and Legal update 1/2024 Introducing the New “Easy E-Receipt” Tax scheme with up to THB 50,000 in Tax DeductionsThe Revenue Department has introduced the latest tax scheme, the “Easy E-Receipt”, formerly known as “Shop Dee Mee Kuen”. This scheme is designed to offer individuals tax deductions in 2024.
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TAX AND LEGAL Complying with the PDPA – A Balancing ActOrganisations must be aware of the circumstances in which they are allowed to collect data to comply with Thailand’s Personal Data Protection Act.
As we enter the third year of this pandemic, many businesses have made the shift to a hybrid work model – a mixture of on-site and remote work.
There are good reasons for this shift. If executed properly, companies can enjoy a wealth of benefits from hybrid work, including improved efficiency, better employee satisfaction, and even a reputational boost. These benefits explain why 97% of business leaders and decision makers worldwide are comfortable with a hybrid work model, according to a recent survey.
Despite the advantages, actually implementing such a model is a delicate and complex process – with no guarantee of success. “Poor execution of the hybrid work model can threaten a company’s existing culture, endangering their relationship with clients,” said Ian Pascoe, CEO and Managing Partner at Grant Thornton in Thailand. “Moreover, most businesses have no prior experience going hybrid, so the likelihood of making mistakes is high.”
So, how can companies ensure a smooth transition to hybrid work? While there is no one-size-fits-all solution for every workplace, it is worth reviewing some key strategies for struggling businesses to follow. The following tips can help your organisation embrace a successful and sustainable hybrid work model, to prosper throughout the remainder of this pandemic and beyond.
Preserve your company culture
It is well known that company culture is crucial for business success, but preserving this culture becomes a challenge when employees begin working remotely. How can business leaders help their staff retain the same shared goals, beliefs, and team spirit after switching to a hybrid work environment?
Benjawan Phinjirapong, Associate Director of Business Consulting at Grant Thornton in Thailand stresses the importance of employees believing in the company’s mission, and feeling personally invested in its success. “With a geographically distributed workforce, business leaders must prioritise well-structured internal communications, whether through weekly video conferencing or in-office meetings, to ensure that your company’s values, mission, and vision are clearly circulated on a regular basis,” she said. “With all employees remaining in regular contact, and closely aligned on shared company goals, your personnel will continue to function as a team, regardless of where and when they work.”
Look after your employees’ wellbeing
Articulating the right culture won’t be enough if the mental health of your employees is not properly addressed.
Although a well-designed hybrid work model should provide more flexibility and alleviate the constant burnout associated with remote work, employers should also consider the many stresses associated with a change in routine. Are the employees ready to return to the office? Will changing employees’ work locations or schedules affect their mental health?
Department supervisors should take extra care to remain supportive, and understanding of their team members’ concerns. “It’s the small gestures that count,” said Ratna Wright, Partner of Business Consulting at Grant Thornton in Thailand. “Ask your team members, ‘what can I do to help you adapt to this hybrid work environment?’ Remember to have empathy, and do everything in your power to understand your team members’ situation. Then come up with the right solutions to help them move forward.”
Kesanee Srathongphool, Audit Partner at Grant Thornton in Thailand, likewise highlights the importance of employee health and wellbeing. “Poor job performance often stems from overwhelming stress and anxiety during these difficult times,” she said. “To foster a positive hybrid work environment, make sure all office staff have access to the resources they need to manage stress and deal with personal issues.”
Invest in the right technology
Communication and cybersecurity are always important, but even more so as team members go remote. Not all companies are ready to rely so heavily on their digital infrastructure – and the consequences of any failure in this area could be severe.
For on-site and remote teams to work together smoothly, companies need to invest in digital communication tools and video conferencing equipment. “Communication technology lets businesses achieve greater productivity at a reduced cost when transitioning into a hybrid work model,” said Adulpol Charukesnunt, Financial Advisory Services Director at Grant Thornton in Thailand. “When employees can reliably gain remote access to their projects, and communicate with each other in real time, that’s when work collaboration starts to become seamless.”
Tanva Mahitivanichcha, Tax & Legal Partner at Grant Thornton in Thailand, points out that cybersecurity and data privacy take on renewed importance as organisations move toward a hybrid work model. “Internal data and client data are especially at risk when companies go digital,” he said. “Investing in top-tier security software can minimise cyberattacks and cyberthreats – dangers that all business leaders should take very seriously.”
Embrace outsourcing
Restructuring internal and external operations is no easy task when transitioning to a hybrid work model, as the sheer number of moving parts is often greater than what most companies can handle alone. In such circumstances, a sensible approach to outsourcing can be tremendously helpful in simplifying the transition.
It should come as no surprise that outsourcing has increased during the pandemic. In Thailand, for instance, 46% of the mid-market businesses we surveyed have begun outsourcing various functions of their business, such as administration, sales & marketing, and IT, since the pandemic began.
Jean-Paul Binot, Director of Business Process Outsourcing at Grant Thornton in Thailand, explains the value of strategic outsourcing, as opposed to relying solely on in-house capabilities. “Departments such as human resources and finance can be wildly complex – especially when companies are still settling into their hybrid work models,” he said. “By outsourcing non-core functions, businesses can devote their full attention toward optimising efficiency in key areas, all while reducing costs during this difficult economic period.”
Taking the first step
The hybrid work model is enormously valuable in helping businesses adapt to the current environment. Still, the task of rewiring one’s internal operations is never easy – especially in companies that weren’t designed for hybrid work in the first place.
“A smooth transition to hybrid work will put a great number of businesses on the path to success,” said Chris Cracknell, Chairman of Grant Thornton in Thailand. “To do it right, business leaders should focus on their employees, upgrade their digital technology, and proactively seek outsourcing assistance.”
As a leading professional services provider, Grant Thornton in Thailand can help your organisation make a smooth transition to a hybrid work model. Contact us today, and we’ll show you the way forward.