Regus implemented a Shared Services Center (i.e. SSC) in Prague before his migration to Manila, Philippines, to cover Accounts Payable, Accounts Receivable and General Ledger transactions for most of their subsidiaries abroad. Regus was looking for a global partner to take care of all “government facing operations“ with a capability to implement coordination to ensure a perfect link with the SCC and regional Local Services Centers (i.e. LSC).
Forvis Mazars has been appointed to support Regus with local compliance activities, including tax, statutory financial statements fillings, Corporate Secretarial services (i.e. COSEC) and payroll for more than 30 countries, covering a total of more than 450 legal entities. Forvis Mazars implemented a framework agreement to streamline the governance globally including coordination of the different activities and countries. On top of the local delivery, steering committees have set-up at global level to assess Forvis Mazars’ performance through KPIs defined in cooperation with Regus.
Regus is the world’s largest provider of flexible workspace solutions, with customers including some of the most successful entrepreneurs, individuals and multi-billion dollar corporations. The company‘s network includes almost 3000 business centers, spanning almost 900 cities across 120 countries.
Both Castel and Forvis Mazars share a relationship of trust and mutual understanding of challenges. The client can fully focus on its core business and be sure of compliance and conformity with the ever-changing regulations. Forvis Mazars is proud to be a trusted partner to Castel in Poland for almost 25 years. Castel started working with Forvis Mazars also in the Czech Republic in 2009.
The new model implemented led to a significant increase of efficiency with the client finance team and Forvis Mazars team being decreased at its minimum compared to initial in-house processing. Indeed it enabled shorter deadlines for the deliveries with higher quality. Finally L'Oréal gets access to an easy substitution of its team in case of illness, holidays or season peaks.
Our expertise has helped Profoto to improve its flexibility, to increase the reactivity of its service level and to fully integrate the accounting with business operations.
Salary calculation for around 150 workers in about 24 hours from receiving the required input. Current model which Forvis Mazars helped design meant increased efficiency, better accuracy of salary calculation, minimising the risks and saving time.
Forvis Mazars took over the payroll agenda over the course of 2 weeks. The mutual cooperation has continued to the client’s satisfaction till nowadays.
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