Accounting

Accounting provides the basic information for many decisions,

so it is important that the information enters the system carefully and correctly. It supports controlling in planning and monitoring business activities. In addition, the resulting financial statements are the focus of third parties and must fully comply with legal requirements.

Accounting with F&P

F&P’s finance experts design and accompany the process of preparing monthly or annual financial statements for their client. They ensure that the executive board and management have an overview of the current and future financial situation at all times. They develop strategies for structuring the processes and for the appropriate dimensioning of the organisation in the accounting area.

As interim head of accounting, the F&P accounting experts assume operational responsibility for the preparation of the annual financial statements including all related issues. If required, you develop and maintain relationships with external lenders and other institutions with financial significance for the company and are the contact person for auditors, tax advisors and the financial administration.

The core competences of the F&P accounting team are:

• Digitisation of your accounting processes: Only with digitised processes will you be able to fulfil all requirements in terms of costs, quality and speed in the future. Your organisation must not only be efficient, but also work economically as an organisation.
  • Integration of systems and data streams
  • Introduction and optimisation of Electronic Data Interchange(EDI)
  • Introduction of digital workflows Data source to electronic archiving
  • Redimensioning of organisation and development of role profiles

• Outsourcing finance and administration functions to shared service centres: The F&P experts have gained project experience in the establishment and operation of shared services from large and international organisations.
  • As-is analysis of processes and organisation
  • Benchmarking processes and organisation
  • Design of target processes, target organisation and split shared service centre / head office
  • Project design and project management
    • Determination of risk profiles

• Optimisation of working capital and asset management: The release of liquid funds from working capital and strategically non-essential assets is a joint project with Supply Chain, Marketing, Sales. The goal is to mobilise resources for growth or crisis management.
  • Reduction of days of outstanding receivables by adapting condition systems, automated dunning procedures and a direct link between credit rating agencies and your systems
  • Digitalisation and system integration to shorten lead times from order acceptance to invoicing
  • Reduction of inventories through optimisation of internal and external processes
  • Divestment strategies

• Restructuring and turnaround: Corporate crises and their preliminary stages represent an unplanned and unintentional sustainable threat to the existence of the company. The goals of entrepreneurial activity are endangered by corporate crises. Time and decision-making pressures increase rapidly. F&P controlling experts are crisis-tested, can avoid crises, defuse them and help to turn the negative development around. They bring in methodological knowledge and strengthen the management base.
  • Creation of a reliable database
  • Analysis of the financial and profit situation
  • Definition and implementation of immediate measures to secure the financial capacity to act
  • Definition and implementation of financial and profit-related restructuring measures