Brocade | TMF Group case study

Brocade

Managing multiple services across multiple jurisdictions

Brocade, shares its experience with TMF Group as the company’s payroll, accounting and tax compliance provider across Asia Pacific.

Services for: Accounting, Corporate Secretarial, HR and Payroll and Tax Compliance

provided in: Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand

Brocade (NASDAQ: BRCD) networking solutions helps organisations turn their networks into platforms for business innovation, with solutions spanning public and private data centres to the enterprise edge. Brocade is an industry leader for transitioning businesses to the new IP network infrastructures required for today's market.

John Bock, Brocade’s Controller for Asia Pacific and Japan, says, “We used to have a group of different external service providers for payroll, tax compliance and corporate secretarial work. There was no continuity among them, inconsistent standards in service and no easy way to advocate for change. In addition, various budget cuts were implemented by our head office.

“We had to change our approach, and find one company that was geographically and regionally diverse.

“TMF Group is knowledgeable about local accounting rules, as well as international standards, such as US GAAP and IFRS. This specialist expertise is important to us.

“TMF Group has found ways to improve our current processes. It wasn’t necessarily cheaper, but it was faster and more efficient with less room for error. For example, computerised applications that could be modified to address issues we used to resolve manually.

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