What RSM Stone Forest does

RSM Stone Forest is a Singapore-headquartered private professional services firm operating as the business solutions arm of RSM Singapore, which is described as the largest professional services firm outside the Big Four in Singapore. Founded approximately 35 years ago (circa 1989), the firm delivers an integrated suite of services through six sub-brands: CorpServe for company secretarial and incorporation, AccountServe for accounting and CFO support, PayrollServe for payroll and HR outsourcing (including the proprietary PAYDAY! HRMS), AccountStaff for finance and accounting staffing, Technology Consulting for advisory and managed IT, and China Business Advisory for foreign businesses entering or operating in China. The technology stack is built on cloud accounting platforms (Xero, Sage), the proprietary PAYDAY! HRMS, and the C3 cloud-based corporate compliance solution developed for China operations.

The firm serves a hybrid mix of SMEs, corporates, and international/foreign businesses seeking to set up in Singapore or expand across Asia Pacific, with specialized verticals in F&B, Not-for-Profit, Healthcare, Retail, and Fund Services. Geographically, operations span Singapore as headquarters with seven China offices (Shanghai as China regional headquarters plus Beijing, Suzhou, Shenzhen, Chengdu, Hangzhou) and Hong Kong, with cross-referrals sourced through the RSM Global network. The go-to-market is sales-led and relationship-driven, combining direct consulting engagements with content marketing, webinars, events, and a WeChat channel for Chinese-speaking audiences.

Revenue is generated primarily through professional services fees and managed services contracts across accounting, tax, payroll, HR outsourcing, corporate secretarial, staffing, and advisory engagements, with pricing structured on a quote-based B2B engagement model. The firm holds a dense compliance posture including ISO 27001, ISO 27701, SSAE 18 Type II, Cyber Trust Mark, Data Protection Trust Mark, MAS Payment Services Licence, and ABS OSPAR attestation, which underpins its ability to serve regulated clients across multiple jurisdictions.

Name

RSM Stone Forest

Legal name

RSM Stone Forest

Website

https://rsmstoneforest.sg

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

RSM Stone Forest is the business solutions arm of RSM Singapore, providing accounting, payroll, HR, corporate secretarial, staffing, technology consulting, and China market-entry advisory services to SMEs, corporates, and foreign businesses across Singapore, China, and Hong Kong.

Ownership category

akta.pro rank

Product category

Professional Services — Accounting, Tax, Payroll, and Corporate Secretarial

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Financial Planning & Analysis Support (Budgeting, Forecasting, Management Reporting) (BPAAAGAJ)

Keywords

• Accounting services
• Payroll outsourcing
• Corporate secretarial
• Tax advisory
• HR outsourcing

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Services - Accounting & Advisory: Provides comprehensive accounting managed services, CFO support services, audit support, financial reporting, and tax services to businesses of varying sizes
2. Payroll & HR Outsourcing: Full-service payroll outsourcing including payroll healthcheck, employee self-service, payroll tax filing, benefits administration, and work pass management
3. Corporate Secretarial Services: Company incorporation, corporate secretarial services, compliance and governance, international expansion advisory
4. Finance & Accounting Staffing Solutions: Contract staffing, recruitment services, CFO support services, and total outsourcing solutions for finance and accounting functions
5. Technology Consulting: Advisory, implementation support, and managed services for technology transformation
6. China Business Advisory: Specialized advisory services for foreign businesses setting up operations in China, including audit, tax, business advisory, and HR advisory

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

RSM Stone Forest is a Singapore-based B2B professional services firm that delivers outsourced accounting, corporate secretarial, payroll and HR, tax, audit support, CFO advisory, and finance staffing services to SMEs, corporates, and foreign companies. It also provides technology consulting and specialised China market-entry advisory through offices in seven Greater China cities, and offers two proprietary software products—PAYDAY! HRMS for payroll and HR management, and C3 for China corporate compliance.

Product overview

RSM Stone Forest is a professional services firm operating as the business solutions arm of RSM Singapore. The company offers an integrated suite of services through distinct branded sub-brands: CorpServe (company secretarial and incorporation services), AccountServe (accounting and CFO support services), PayrollServe (payroll and HR outsourcing including the PAYDAY! HRMS software), AccountStaff (finance and accounting staffing solutions), Technology Consulting (digital transformation and managed IT services), and China Business Advisory (specialised advisory for China market entry and operations). The portfolio is structured as a one-stop business solutions platform designed to support SMEs and corporates at every stage of their business lifecycle—from incorporation and compliance through to operational execution and regional expansion across Asia.

Differentiator

Problem solved

Functional benefit

Products and services

• CorpServe — Company Secretarial Services Outsourced incorporation, corporate secretarial, compliance and governance, and internationalisation services for businesses establishing or expanding across Asia. Includes entity incorporation, ongoing corporate secretarial filings, compliance advisory, and market-entry support.
• AccountServe — Accounting Services Comprehensive outsourced accounting services including accounting managed services, CFO support services, audit support, financial reporting, tax services, fund accounting services, and multi-outlet accounting for SMEs and corporates.
• PayrollServe — Payroll and HR Outsourcing Full-service payroll and HR outsourcing covering payroll outsourcing, payroll healthcheck, employee self-service, payroll tax filing, benefits administration outsourcing, HR services, work pass management, and pre-employment screening for businesses operating in Singapore.
• PAYDAY! HRMS Proprietary Human Resource Management System software used to manage payroll processing, employee self-service, HR administration, and workforce administration for clients.
• AccountStaff — Finance and Accounting Staffing Solutions Contract staffing, recruitment services, work pass services, CFO support services, special projects, and total outsourcing solutions for finance and accounting functions, supporting clients' regional expansion and interim talent needs.
• Technology Consulting Technology advisory, implementation support, and managed services to help businesses digitalise and optimise operations, including cloud accounting implementation, digital transformation roadmaps, and managed IT services.
• China Business Advisory Specialised advisory services for foreign businesses setting up operations in China, covering audit, tax advisory, business advisory, corporate secretarial and advisory, accounting and advisory, HR advisory and payroll, and global expansion advisory, delivered via offices in Shanghai, Beijing, Suzhou, Shenzhen, Chengdu, Hangzhou, and Hong Kong.
• C3 — Cloud-based Corporate Compliance Solution Comprehensive cloud-based solution developed by China Business Advisory to help businesses build robust internal control systems, mitigate business risks, and ensure corporate compliance in China.

Quantifiable outcome

• F&B chain cuts invoice processing time by 80% with cloud accounting and ICR automation
• +2 more outcomes

Named customers7 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered moderate, minor and core.

• Singapore Business Federation (SBF)moderateStrategic or Co-development PartnerAccountStaff partners with SBF for the Mid-Career Pathways Programme, supporting workforce development and career transition initiatives
• UTAR (Universiti Tunku Abdul Rahman)minorStrategic or Co-development PartnerStone Forest Malaysia Sdn Bhd and UTAR established strategic collaboration for education and talent development
• RSM GlobalcoreStrategic or Co-development PartnerPart of RSM Global network - the largest professional services firm outside the Big Four in Singapore. RSM Stone Forest is the business solutions arm of RSM Singapore, providing access to global network resources and cross-referrals

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Acclime: Acclime is a corporate services and advisory firm in Asia that helps businesses with incorporation, corporate secretarial, accounting, payroll, tax, and compliance across multiple Asian jurisdictions. It directly overlaps with RSM Stone Forest's CorpServe, AccountServe, and PayrollServe offerings for cross-border clients.
• Tricor Group: Tricor is an Asia-headquartered professional services firm providing corporate secretarial, accounting, tax, payroll, HR, and advisory services. Its integrated business services platform and Asia-Pacific footprint make it a direct comparable for RSM Stone Forest's regional outsourcing model.
• Baker Tilly Singapore: Baker Tilly Singapore is a mid-tier accounting and advisory firm offering audit, tax, and business advisory services to SMEs, corporates, and cross-border clients. It targets the same Singapore mid-market segment as RSM Stone Forest.
• Mazars Singapore: Mazars Singapore is part of Mazars' international mid-tier network, providing audit, accounting, tax, and advisory services to SMEs and corporates. It competes directly with RSM Stone Forest in Singapore's mid-tier professional services market.
• Grant Thornton Singapore: Grant Thornton Singapore is a mid-tier audit, tax, and advisory firm serving SMEs and mid-market companies with a similar one-stop service model. It is one of the most direct comparables to RSM Stone Forest in scale, positioning, and target clients.
• BDO Singapore: BDO Singapore is the local member firm of BDO Global, a top mid-tier accounting and professional services network. It offers audit, tax, advisory, and outsourcing services comparable to RSM Stone Forest, competing head-to-head for SME and mid-market clients in Singapore.
• TMF Group: TMF Group is a global provider of corporate secretarial, accounting, payroll, tax, and fund administration services with deep Asia-Pacific presence. It is a major direct peer for RSM Stone Forest's outsourced business services platform, particularly for cross-border clients.
• Crowe Singapore: Crowe Singapore (part of Crowe Global) provides audit, tax, advisory, and outsourcing services to a similar SME and corporate client base. Its scope of services and market positioning closely mirror RSM Stone Forest's full-stack professional services model.
• Hawksford: Hawksford is a Singapore-headquartered corporate services firm providing company formation, accounting, tax, payroll, and fiduciary services across Asia and globally. Its service breadth and Singapore/Asia focus align directly with RSM Stone Forest's target client and service model.
• Boardroom Limited: Boardroom is a Singapore-listed corporate services and business solutions provider offering company secretarial, accounting, payroll, and share registration services across Asia. It is one of the most direct Singapore-based comparables to RSM Stone Forest in scale and service mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rsm-stone-forest

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RSM Stone Forest