Specialist and integrated support for your accounting and finance team

Davide Mula and Katya White tell us more about how Forvis Mazars in Malta can support firms of all sizes in carrying out these functions efficiently and effectively.

Davide occupies the post of Outsourcing Senior Manager at Forvis Mazars in Malta. Prior to joining Forvis Mazars in 2015, he worked in a major accountancy firm. Davide is a qualified Certified Public Accountant. He also has a Bachelor of Commerce degree, as well as a Bachelor of Accountancy degree, both from the University of Malta.

During these past eight years at Forvis Mazars, he has gained considerable experience in various industry sectors, including iGaming, investments and manufacturing. As an Outsourcing Senior Manager at Forvis Mazars in Malta, his role is to provide support to the outsourcing team and to make sure that the client’s objectives are met in a professional and timely manner.

Katya, a qualified ACCA accountant, joined Forvis Mazars in Malta in September 2014 as an Outsourcing Assistant, and today occupies the post of Assistant Manager at the firm.

In this role, Katya provides support to the outsourcing team. Her accounting duties at Forvis Mazars in Malta include monthly management reporting, the timely preparation and submission of VAT returns, as well as the quarterly preparation of Central Bank of Malta reports. While her client portfolio is quite diverse, she specialises mainly in the investments, hospitality and manufacturing sectors.

Davide starts off by explaining how companies can benefit from the outsourcing and reporting support offered by Forvis Mazars in Malta. He explains that in a business scenario which is constantly evolving, having access to a resource that complements the role of one’s own finance and accounting team can prove critical.

“From our experience with a diverse portfolio of clients, we know that there can be myriad circumstances when businesses can benefit from outside support with accounting and reporting. In today’s dynamic market environment, you may be looking for extra help after streamlining your finance team, expanding into new markets, or going through a merger, acquisition or divestment. No matter your situation, you still need access to the information necessary to run your business – and you also want to ensure that your monthly bookkeeping and reporting functions are properly resourced.”

What makes Forvis Mazars in Malta particularly adept at providing this kind of support? Davide explains that at Forvis Mazars “we offer outsourced accounting and reporting services that meet your unique needs and fit with your existing functions. As an international business, we have a team of finance specialists who work with companies across multiple jurisdictions, who can coordinate relationships in various countries in which you have an interest, to ensure that you always receive a consistent and integrated service."

“When you work with us, the service you receive is crafted to your business needs. Whether you need assistance in preparing management reports, or want to outsource your monthly bookkeeping and reporting functions, our team is committed to giving you the right level of support. This includes providing you with interim resources on a flexible basis. For example, if you need a high-level accounting manager, but are struggling to find the right candidate, our Forvis Mazars team can step in to assist during that period.”

Katya lists off the broad range of expertise companies can tap into as part of Forvis Mazars in Malta’s outsourced accounting and reporting support: “First of all, our specialists are committed towards ensuring that you remain compliant with local statutory requirements. We can undertake to compile reports that are pre-determined to monthly deadlines, and we will include in these any specific information you need. By relying on the assistance of our outsourcing professionals, you will have the peace of mind of knowing that your internal and external reporting is accurate, and reflects the level of transparency required by your stakeholders.

“Our experts will also be on hand to support any planned transformation involving your finance and accounting in-house setup. This can include providing you with needed resources on a secondment basis, to allow you to bridge instances where you are in the process of recruiting new personnel to join your team.”

Referring to the specific services which make up Forvis Mazars in Malta’s outsourced accounting and reporting portfolio, Katya explains that “these include chartered accountancy and bookkeeping, the migration and translation of accounts, business process outsourcing, together with the preparation of statutory financial statements and related services. Our teams can handle your management reporting and the consolidation of group accounts. Moreover, they can provide independent reviews and compilation where required. Cost accounting and performance management also falls within our service portfolio.

“Finally, as mentioned before, Forvis Mazars can second personnel to assist clients as per their requirements.” She also clarifies that Forvis Mazars in Malta’s services are provided via a mix of local and international software: “We work frequently with a wide range of systems, including SAP, Sage Line 50, Xero, Sage Pastel and many others”, she concludes.

This article was first published on Who's Who on 20th July 2023.