Payroll for 3,500 employees at METRO Cash&Carry
Mazars in Ukraine administers pay slips and payments for 3,500 people.
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 Mazars have made the global compliance easier and have facilitated the harmonization of the procedures across the globe with full transparency on the processes.
Challenges
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).
Solutions
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. 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 Mazars’ performance through KPIs defined in cooperation with Regus.
About the company
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.
Set-up of customised payroll processes
Mazars was appointed to provide the company with the accounting and payroll services. The client is satisfied with the payroll services and has been renewing the contract for the 5th year. Mazars’ team has gained wide experience in providing payroll for employees with summarised recording of working time regime, which is often used in retail business in Russia. Customisation of the standard payroll...
Optimisation of accounting processes at L'Oréal
The new model implemented led to a significant increase of efficiency with the client finance team and 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.
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 at ASSA ABLOY
Salary calculation for around 150 workers in about 24 hours from receiving the required input. Current model which Mazars helped design meant increased efficiency, better accuracy of salary calculation, minimising the risks and saving time.
Outsourcing for a greenfield project
Mazars has created special teams with project-oriented approach in order to address the issues related to clients' operations. All accounting, payroll and tax processes have been described in process maps.