Excellent processes insure control and efficiency. HTM provides you this control and efficiency through effective processes that define what to do, when to do it, and by whom in accounting, payroll, human resources, and general administration. Good process design allows your people and ours to work effectively and as a team. This ultimately means that your Japan business operates in an environment of internal control, transparency, and accountability. The following is a brief description of the processes we follow.
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HTM Cash Control Process minimizes cash in the office and eliminates the need for cash cards. Cash required by employees can be requested and approved online then paid into the employee's account within a few hours. HTM Banking Process separates payables into specific types and amounts that define the required approval. The process also segregates the recording of payments from the actual payment. HTM Revenue Recognition, Inventory, and Job Costing procedures require our understanding of your Japan business and your revenue recognition policies to assure accounting is in accordance with both local regulations and your corporate policies. HTM Administrative Process assures that proper records are maintained and that work to be done is defined, and done correctly and on time. The administrative processes include corporate statutory filings, social insurance reporting, and employee and corporate tax reporting. HTM Finance Process provides budget variance reporting comparing your budget against actual amounts booked, and cash flow forecasting that looks ahead in detail and reports the cash requirements for the next month. In both of these areas we are required to understand your business and to work closely with the people in your Japan subsidiary providing you accurate and insightful information. |
HTM Employee Expense Reporting Process is built into our online employee activity system insuring that no expense item is reimbursed until it has passed all approvals. The process includes an administrative approval that matches entries to the receipts and checks for reasonableness and adherence to your policy. After the administrative check, the item goes to the assigned manager for approval. Both the administrative check and manager's approval can return an individual expense item to the employee if there are questions. Once approvals are done, expense items go to accounts payable for payment. Foreign currency transactions are calculated automatically. HTM Employee Attendance Reporting Process is also built into our online employee activity system. For employees who are paid overtime, the process insures that attendance is recorded, approved, and correctly calculated according to regulations and your policies. For all employees, the process tracks and reports vacation and sick time taken and remaining, lieu days worked and taken, travel and standby time, and leave time. HTM Human Resource Process provides specialists to work with your management and employees on compensation, work rules, social insurance, and pension plans. The process maintains a database with complete information for each employee and provides detailed reporting on current and historical information. |
Processes Are Built Into Our Systems whenever possible. Doing so insures that processes are explicitly defined, reported, and followed. Examples include the employee expense and attendance reporting systems, where the policies you set are defined in detail and the system requires they be followed; and the accounting system, where your reporting requirements are programmed into the system giving you consistent and accurate reports.


