The Client’s Challenge

Within the span of two months, several members of the client’s accounting department left the company, posing a significant risk to the stability and smooth operation of the business.

The client therefore approached us with an urgent need to replace the accounting team, ensure continuity of accounting and tax operations, and subsequently optimise accounting processes with a focus on efficiency and regulatory compliance.

Needs Assessment and Initial Analysis

Our first step was a detailed analysis of the client’s requirements to understand its key processes and the specific aspects of its manufacturing operations. Our team also identified areas suitable for automation and greater efficiency, with the aim of saving time and resources.

Based on the analysis, we proposed an approach that addressed the immediate need to replace key personnel while also creating opportunities for the gradual optimisation of accounting processes.

Team Replacement and Transition to Outsourced Accounting

BDO quickly provided coverage for the critical roles required to maintain continuity of the accounting and tax agenda. The external team covered the functions of chief accountant, accountant, tax advisor and administrative support.

Taking over the agenda also reduced the client’s immediate dependence on filling all vacant internal positions and allowed its own resources to remain focused on the company’s ongoing operations and further development.

Regular Management of the Cooperation

During the implementation, we introduced regular meetings with the client to continuously assess the takeover of the agenda, adaptation to new systems and integration of the external team into the company’s existing processes.

We continuously identified areas for improvement, analysed issues as they arose and proposed solutions tailored to the client’s specific needs.

Expert Consultations and Process Optimisation

Our cooperation extended beyond the initial stabilisation of the accounting agenda. We also provided consultations focused on further improving the efficiency of the company’s operations.

The areas assessed included harmonisation of accounting procedures, implementation of a new time-tracking system and opportunities to introduce a more modern and transparent inventory management system.

Tax Advisory and Support for International Expansion

As the client began preparing for expansion into international markets, we involved specialists from other BDO service lines, including tax, audit, legal and business advisory. Through cooperation with BDO offices abroad, we were also able to provide support in the relevant local markets.

The support included VAT registrations in foreign jurisdictions, tax analysis and advisory related to legislative requirements in individual countries.

Results of the Cooperation

The client gained a stable external team of accountants and tax advisors that ensured continuity of the agenda following the departure of members of the original internal team.

At the same time, we introduced solutions focused on the automation and optimisation of accounting processes and provided expert support for the company’s further development.

During its international expansion, the client benefited from access to the international BDO network and support in addressing tax and legislative requirements in new markets.