Centralised accounting solution at Profoto
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.
Payroll calculation within one day at ASSA ABLOY
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.
Challenges
Based on previous and successful cooperation between Forvis Mazars and ASSA ABLOY, Forvis Mazars in Croatia was contacted by the client and soon the cooperation was agreed. The client wanted to focus more on its core activities and strategic goals and saw the improvement of the current payroll process as one way to achieve just that.
Solutions
The workplace management system used by ASSA ABLOY was a system which goal is efficient tracking of work records. This system wasn’t efficient enough and the employees didn’t use it in a full capacity. Therefore, the importation of the required information into the system was done partially manually and partially automatically. Forvis Mazars’ suggestion was that, since the company wanted to keep this system, they also make it mandatory by communicating internally. This led to improving the existing payroll process by allowing a complete automatic import. In extension, Forvis Mazars took over the monthly payouts by accepting the challenge of the tight schedule, under which we are required to produce a salary calculation for around 150 workers in about 24 hours from receiving the required input from ASSA ABLOY.
About the company
ASSA ABLOY is the global leader in door opening solutions and a market leader in most of Europe, North America, South America, China and Oceania. It was formed in 1994 through the merger of ASSA in Sweden and Abloy in Finland. Since then it has grown from a regional company to an international group with 48,500 employees. ASSA ABLOY Croatia Ltd. has been operating in the Republic of Croatia since 2008. The company distributes products of the ASSA ABLOY Group.
Flexible outsourcing services at Castel
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.
Optimisation of accounting processes at L'Oréal
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.
Global compliance at Regus
Local compliance activities, including tax, statutory financial statements fillings, corporate secretarial services and payroll for more than 30 countries, covering a total of more than 450 legal entities.The services provided by Forvis Mazars have made the global compliance easier and have facilitated the harmonization of the procedures across the globe with full transparency on the processes.
Payroll takeover at Puma
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.