Banking, Trade & Logistic Outsourcing

International companies investing in full office operations in Hong Kong have several hurdles to cross before becoming operational. Not only high office rents and associated costs but a possible shortage of qualified staff and often some cultural differences. However, if you are considering outsourcing you have already overcome some of these barriers. We can help you to avoid being confronted by the costs normally associated with a Hong Kong set up.

Klako Group offers a convenient, cost-effective solution to clients from outside Hong Kong who need a full service office presence without the expense and inconvenience usually entailed. We can provide financial administration services to support any kind of business or service and we are happy to tailor make solutions.

Our Capabilities

We are committed to the overall success of our clients’ business. Klako Group can assist with the set-up, co-ordination and management of the following services:

Letters of Credit
We are experts at liaising with banks in opening and transferring LC’s; this includes introducing bankers, opening bank accounts and trade accounts and preparing the documentation for the application and transfer of LC’s. During each transaction, we follow up and ensure the LC is issued in time to meet the supplier’s production and shipment schedules.

Invoicing
We prepare all invoices and packing lists for submission to the company’s bankers together with all other documentation required under the terms of an LC. Our staff liaise with the company’s bankers to facilitate the settlement of the LC and avoid delays.

Transaction Monitoring
Every transaction is monitored from its commencement until its completion to the satisfaction of our client; when a transaction is in progress, we monitor suppliers, banks, freight forwarders, etc. on a daily basis.

Logistics Services Management
We have a team of professionals to co-ordinate shipments on behalf of our clients. Their range of services includes booking vessels, exchanging bills of lading, arranging transshipment and sourcing the most cost effective forwarder.

China Customs Consultation
As a result of our established network of contacts in Mainland China, we are able to provide the latest information on import and export laws and regulations.

Conference Rooms and Warehouse Space
We can provide you with conference rooms during your time in Hong Kong to discuss with your buyers and suppliers and at the same time offer warehouse space for the storage of samples and goods/stock.

Our staff are equally proficient at managing clients’ interests in other business areas, including:

• Processing of proforma invoices, purchase and sales orders
• Import and export documentation
• Payment and receipts reporting – full records and reconciliation
• Financial reporting – profit and loss statements, balance sheets, analysis of
             receivables and payables, and matching of sales with purchase costs.

Our solution offers you increased flexibility. We eliminate the considerable concern and high costs associated with hiring and subsequently training staff, as our fully competent team is already in place. We can provide all levels of staff, from clerical support to finance director. Our costs can be offset against the benefits achieved and the savings can be considerable.

When enlisting the services of Klako Group, companies obtain a trusted local business partner who can be completely relied upon in financial matters. This is an important consideration.