Accounting services for one of the largest passenger transport companies in Poland

At the time of taking over the service:

• employment of approx. 200 people + over 800 drivers
• several profit centers
• multi-level cost analytics, complex reporting system
• the implementation phase took 5 months and included the takeover of some accounting employees

Achievements:

• implementation of the new accounting system
• fixing long-term arrears in the accounting books
• implementation of a management reporting system

Accounting services for one of the largest catering companies in Poland

At the time of taking over the service:

• employment amounted to over 1000 people,
• multi-branch structure (in each branch a warehouse of goods and a team of accountants),
• multi-level analytics and several profit centers
• tens of thousands of accounting entries per month
• the implementation phase took 9 months and involved the takeover of some of the accounting staff

Achievements:

• reduction of employment in accounting area from 52 people to 4
• reduction of accounting costs by 60%
• implementation of a management reporting system

Accounting services for one of the largest Investment Fund in Poland

• accounting taken over from another accounting office
• multilevel analytics (7 levels)
• complex financial reporting system (including to the Polish Financial Supervision Authority) and management reporting (54 reports monthly)
• the implementation phase took 5 months and involved the development of an additional application for entering analytical data

Accounting services for subsidiaries of one of the largest Polish developers

• takeover of accounting services for 10 special purpose vehicles in 4 cities
• booking of long-term contracts according to IAS
• extensive reporting, including consolidation packages for the needs of the mother company listed on the WSE
• the books were taken over both from other accounting offices and as a result of the liquidation of internal accounting departments

Advising the Capital Group on heavy industry

• we performed an analysis of the effectiveness of 7 companies of the Capital Group
• departments covered by the survey - transport, security, accounting, finance, human resources and payroll, administration, board office, sales, marketing

What did the final report contain?

• precise calculation of the costs of all departments ly
• comparison to market benchmarks
• verification of the scope of employees' duties
• diagnosis of the duplicated processes and unprocessed tasks
• calculation of the optimal level of employment and costs
• proposal of a restructuring program covering organizational, process and personnel changes as well as changes in the IT tools used
• proposal of the implementation of this program

Advising an investor in the industrial sector

• at the request of one of the richest Poles, we examined 4 industrial companies that were the target of the acquisition
• we conducted a full due diligence (including analysis of the legal status of fixed assets, intangible assets, contracts with subcontractors and employees)
• we have prepared a valuation of all surveyed enterprises
• all reports contained negative recommendations as to the purchase of the surveyed companies

Advice for investors in the biotechnology industry

• at the request of a group of Polish investors, we researched a biotechnology company based in Canada, working on a cure for cancer
• the purpose of the audit was to verify the company before the planned capital increase

We provided:

• expert team of consultants
• short project implementation deadline
• cost of testing several times lower than in the case of Canadian consulting companies