-
Internal audit
In today's increasingly competitive and regulated market place, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place. The availability of qualified internal audit resources is a common challenge for many organisations.
-
IFRS
At Grant Thornton, our International Financial Reporting Standards (IFRS) advisers can help you navigate the complexity of financial reporting so you can focus your time and effort on running your business.
-
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
-
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
-
Looking for permanent staff
Grant Thornton's executive recruitment is the real executive search and headhunting firms in Thailand.
-
Looking for interim executives
Interim executives are fixed-term-contract employees. Grant Thornton's specialist Executive Recruitment team can help you meet your interim executive needs
-
Looking for permanent or interim job
You may be in another job already but are willing to consider a career move should the right position at the right company become available. Or you may not be working at the moment and would like to hear from us when a relevant job comes up.
-
Practice areas
We provide retained recruitment services to multinational, Thai and Japanese organisations that are looking to fill management positions and senior level roles in Thailand.
-
Submit your resume
Executive recruitment portal
-
Update your resume
Executive recruitment portal
-
Available positions
Available positions for executive recruitment portal
-
General intelligence assessments
The Applied Reasoning Test (ART) is a general intelligence assessment that enables you to assess the level of verbal, numerical reasoning and problem solving capabilities of job candidates in a reliable and job-related manner.
-
Candidate background checks
We provide background checks and employee screening services to help our clients keep their organisation safe and profitable by protecting against the numerous pitfalls caused by unqualified, unethical, dangerous or criminal employees.

-
Capital markets
If you’re buying or selling financial securities, you want corporate finance specialists experienced in international capital markets on your side.
-
Corporate simplification
Corporate simplification
-
Expert witness
Expert witness
-
Family office services
Family office services
-
Financial models
Financial models
-
Forensic Advisory
Investigations
-
Independent business review
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
-
Mergers & acquisitions
Mergers & acquisitions
-
Operational advisory
Grant Thornton’s operational advisory specialists can help you realise your full potential for growth.
-
Raising finance
Raising finance
-
Restructuring & turnaround
Grant Thornton can help with financial restructuring and turnaround projects, including managing stakeholders and developing platforms for growth.
-
Risk management
Risk management
-
Transaction advisory
Transaction advisory
-
Valuations
Valuations
-
Management consulting
Every business faces unique and complex challenges. Challenges are specific and solutions do not translate perfectly from one business to another, which is why you told us you want a fully customised approach to professional services.
-
Strategic insourcing
From time to time, companies find themselves looking for temporary accounting resources. Often this is because of staff leaving, pressures at month-end and quarter-end, or specific short-term projects the company is undertaking.
-
International tax
With experts working in more than 130 countries, Grant Thornton can help you navigate complex tax laws across multiple jurisdictions.
-
Licensing and incentives application services
Licensing and incentives application services
-
Transfer pricing
If your company operates in more than one country, transfer pricing affects you. Grant Thornton’s experts can help you manage this complex and critical area.
-
Global mobility services
Employing foreign people in Australia, or sending Australian people offshore, both add complexity to your tax obligations and benefits – and we can guide you through them.
-
Tax compliance and tax due diligence review services
Tax compliance
-
Value-Added Tax
Value-Added Tax
-
Customs and Trade
Customs and Trade
-
Service Line
グラントソントン・タイランド サービスライン
-
Strategic outsourcing
At Grant Thornton we have experience and skilled teams that can help you with every aspect of Outsourcing from large Shared Service Centres through to small payroll requirements. We can even help you staff-up with temporary resources during busy periods.
-
BUSINESS PROCESS SOLUTION Practical Preparation for PDPA ComplianceOrganisations must effectively assess their personal information collection and use practices to comply with Thailand’s Personal Data Protection Act.
-
TAX AND LEGAL Complying with the PDPA – A Balancing ActOrganisations must be aware of the circumstances in which they are allowed to collect data to comply with Thailand’s Personal Data Protection Act.
-
CONVERSATIONS IN BUSINESS Turning Challenges into Opportunities: How Businesses in Thailand Can Succeed in 2020Despite the challenges facing the Thai economy, businesses in Thailand can succeed in 2020 by reducing overheads, conserving cash, improving efficiency of internal structures, and focusing on customer service.
-
BUSINESS PROCESS SOLUTION Mystery shopping: A pathway to quality, consistency, and adaptationMystery shopping allows companies to identify and correct friction points by gathering data on the standard of service and customer experiences in each branch.
In our previous article, we outlined the importance of effective working capital management and the opportunity to improve cash flow that may exist for many Thai businesses.
Effective cash management is a critical success factor for any business. To fund growth, invest in new infrastructure or mitigate short term downturns, having strong visibility and control of day-to-day cash is a must.
When short term funding requirements do arise, debt is typically the first solution sought out by businesses in Thailand, rather than understanding and identifying whether better opportunities exist through optimising the balance sheet. Statistics published by the Bank of Thailand show that total corporate loans have risen 5.4% year on year, indicating that debt is increasingly being used as a source of funding growth.
Debt is without doubt an important component of any organisation’s capital structure and can be the right solution in many situations, but a consistent focus on optimising your operations and day-to-day cash requirements can deliver benefits above and beyond short-term cash flow.
From our experience of working with a wide variety of businesses, we’ve outlined below the five key considerations to make when seeking to optimise working capital and embed effective cash management:
-
Make working capital a strategic priority
If the board and senior management are not giving the right level of focus and importance to working capital and cash flow, then it is very that unlikely those in the organisation who can influence cash on a day-to-day basis will do so either. Ensuring that working capital is a visible, and widely communicated, strategic priority is an essential step. For example, senior management should meet at least once a month (in some cases weekly) to discuss working capital management. -
Understand what good looks like
Performance varies by sector, business size and the market you operate in, but understanding what optimal working capital looks like within these constraints is critical to enabling improvement.
Businesses will point to process restrictions or the unnegotiable relationships with customers/suppliers as reasons for current levels of working capital, without truly challenging the structure of end to end processes. Some of these reasons will be valid, but without knowing what the optimal level is for your business, you can never truly know if you are effectively managing your cash. Use publicly available information to understand the performance of your peers, customers and suppliers. -
Optimise process and controls
Adopting simple best practice processes and controls, such as standard payment processes, exception processes and formalised collections procedures, will deliver immediate improvements in working capital, and instil a cash focus in your standard operating procedures.
For example, ensuring standard payment terms are agreed and communicated, with exceptions approved and monitored, is an essential process for effectively managing working capital and should be embedded in both commercial and procurement policies. -
Develop and embed operational level metrics
Businesses that have a reasonable handle on working capital will be regularly monitoring month end metrics such as days sales outstanding, days payables outstanding, and days inventory outstanding.
These are a minimum requirement, but should be complemented by operational metrics that allow regular tracking of working capital performance, in a way that can be understood by those in the business who can influence them. Metrics such as average payment terms and % of credit notes issued are simple to measure and track. -
Use technology enablers
With the ever-increasing pace of technology development, there are many new opportunities to push the boundaries of best practice and drive cash improvements through the use of technology enablers. Solutions such as supply chain finance, RPA and real time inventory management software should be considered where wider benefits support the required investment.
These are just five considerations relevant to most organisations, but there will be many more levers specific to your industry and current situation. In our next Insights piece, we will share the results of our analysis into the working capital trends of Thai businesses, allowing you to benchmark your performance against others in your sector.