When Cheng & Co launched its wholly-owned subsidiary, Pro B Centre Sdn Bhd (Pro B), on 1 June 2016 in Bangsar South, it represented a major breakthrough for the firm’s new sustainable business model as a holistic one-stop centre, offering Global Business Services (GBS) and facilities to clients in Malaysia as well as the Asia-Pacific region. Cheng & Co made the big leap forward into GBS after years of close encounter, in-depth studying and understanding of the various pressure points often experienced by rapidly growing companies of various sizes.
In August 2015, Cheng & Co became the first Malaysian accounting firm to obtain the MSC status GBS license from MDEC which paved the way for the launch of Pro B in June 2016. Pro B is also an HRDF registered company. As a technology led entity, Pro B’s main objective is to aid companies in achieving operational success through strategic cost efficiency and human capital utilisation, for a diverse range of industries and sizes.
Among the services provided by Pro B include Cloud Tax Review and Submissions, Accounting and Finance, Human Resource and Payroll, Administration and Business Processes in a centralised back office location. Fast forward over a year later, M/Group became the first foreign company to engage Pro B as its offshore partner to outsource its bookkeeping services. M/Group is an established professional boutique property developer group based in Perth, Australia. It focuses on investment, development, construction and real estate services.
The group comprises five business units; Match, M/Property, M/Construction, M/Finance and M/Land and holds the Australian Financial Services License. M/Group has, over the years, developed some of the most vibrant and sought-after properties in Perth, that lives up to its hallmark of style, quality and responsibility.
“M/Group has outsourced aspects of its accounting to Pro B during the last six months. We have found Pro B’s staff to attend to our accounting requirements in an effective and efficient manner. In my view, outsourcing, even if it is just basic accounting tasks, should be a priority for most finance teams,” said Stuart Macdonald, Chief Financial Officer of M/Group.
Pro B’s Executive Director, Alex Kang, too expressed his enthusiasm on this partnership and feels that this will open doors for more international clients to engage Pro B. “M/Group has chosen Pro B as their trusted offshore partner and this could be the beginning of a long-term outsourcing relationship that provides reliable flatworld solutions for the international platform. We are confident that we will soon be the preferred partner for more international clients, especially those looking to outsource their business processes,” he stressed.