Since its inception in 2011, GIC has been serving strategic business solutions from the offices in Japan, the Philippines, Myanmar and the United States. The business consultancy is dedicated to helping companies grow internationally with collaborative solutions, provision of bilingual IT engineering staffing services, and offshore developer support in Myanmar.
The company is powered by a strong workforce with 90% Burmese and the rest being Japanese and Filipinos. “Developing an international expansion strategy for local companies has been our mission,” said Mr. Iwanaga Tomoyuki, President of GIC. “We have launched the Burmese staffing services programme in view of the manpower shortage issues faced by some of our Japanese clients.”
The Burmese employees are tasked with different functions including accounting, general affairs, sales and marketing, and have been the key business driver of GIC. “Our Burmese colleagues do not just work in Myanmar as most would have assumed. They are in fact taking on assignments as required at all of our international offices,” added Mr. Iwanaga.
The issue with the accounting business process at GIC was that each office had its own system due to differences in language, currency and tax rules. “It required a lot of time and efforts to track financial information in the subsidiaries,” said Okabe Kiyoto, Management Director of GIC. “We had little choice but to communicate with each office separately to obtain the data we were looking for. We would have to leave the month-end close be handled by individual office and could only review the global performance at the end of the year.”
Without a comprehensive, unified accounting system, GIC was operating its business in the financial dark. The company realized it was imperative to overhaul the global accounting system and process.