Automotive
Helping the automotive industry navigate a changing landscape
Our approach
The automotive industry is in a constant state of evolution. Regulatory changes, technological innovations, and economic upheavals continuously shape and transform the sector. Mobility service providers and emerging startups are disrupting the industry. As the industry reinvents itself in response to demands for cleaner and more efficient vehicles, operators must find ways to become more efficient, resilient, and robust in the face of competitive forces.
Our automotive sector teams work with manufacturers, suppliers, and distributors to improve performance, stimulate growth, and implement practical solutions to the challenges faced. Our combined capabilities and deep knowledge of the automotive industry make us an ideal partner when you seek to secure your future and drive sustainable growth.
As an operator in this industry, you are likely concerned with:
Leveraging market opportunities and increasing your market presence
We can help you establish new businesses or enter emerging and growth markets, identify new product varieties, and ensure the success of your acquisitions and partnership projects.
Protecting and optimizing your operations
It is vital that your business is robust. We can work with you to digitize your operations and master data to improve productivity. We can also review your investment projects, implement internal controls and risk management procedures, conduct reviews to enhance decision-making and fraud prevention, and implement an ecological strategy.
Financing and protecting your supply chain
Our teams work with you to secure program and infrastructure financing, optimize and protect your global supply chain, and implement new financing solutions, such as receivables anticipation.
By partnering with us, you benefit from a team with multidisciplinary knowledge in audit, consulting, and taxes that has been mobilized specifically to support your needs and overcome these challenges.
Throughout, our commitment is to bring you the best that Forvis Mazars has to offer so that you can secure your future and create value for stakeholders.
Capabilities
Digital audit
Using data and machine learning, we offer digital audit services that provide greater efficiency and reduce costs. This solution results in a 'zero-paper' audit that is automated and highly secure. It ensures compliance with legal and regulatory obligations while optimizing your business means and identifying significant business risks, bringing better competitiveness and value to your company.
Business transformation
Increasingly complex markets, disruptive megatrends, and ever more competitive conditions are making holistic changes necessary.
Our business transformation approach is consistently directed towards the five elemental dimensions of change: the business model (strategic), an efficient and effective target operating model, a finely tuned collaboration model. We also consider important intangible factors, the so-called corporate culture, as well as relevant management and control mechanisms guided by strategy.
IT transformation
We support you in setting up your IT transformation agenda. We find the right and agile technologies for your company and then systematically and step-by-step transform them into efficient processes so that you can generate added value for your company. We do all this without major disruptions to your ongoing operations so that you can continue to focus on your core business.
Carve-out
From strategy development and identification of affected structures and processes to transition and post-contractual negotiations, our business transformation team will actively support you as a competent consultancy throughout the entire process. Consistent change management, which is also part of our services, ensures the sustainable success of a carve-out program.
Value creation/cost cutting
In times of economic slowdown, companies need to act quickly and smartly to manage the associated challenges. In this context, it is crucial to reduce costs in the short term without compromising the company's growth.
Cost reductions alone will improve your net results only to a certain extent. To establish a cost-optimized structure in your company, consistent cost control measures are necessary. Once funds are freed up by the implemented cost reduction measures, your company should invest in its flexibility and future growth in the medium and long term.
TISAX audit
We prepare you for TISAX certification. Forvis Mazars has developed a procedure by which the client aiming for TISAX certification receives organizational, administrative, and technical support throughout the audit process, can 'upgrade' their Information Security Management System (ISMS), their Data Protection Management System (DPMS), and the physical location security as part of the audit preparation, and also receives operational support during the audit to successfully obtain the certification.