When Accounting Requires Immediate Stabilisation

A company approached us that needed to replace an underperforming accounting service provider within a short period of time and regain full control over its accounting function. At the same time, the company was preparing for a transition to SAP, making it essential to ensure that both changes were carefully coordinated without disrupting day-to-day accounting operations.

Our first step was to assess the state of the accounting records, review the existing processes and identify potential risks. Alongside planning the smooth handover of the accounting agenda from the previous provider, we also evaluated the requirements related to the SAP implementation and its alignment with Slovak accounting and tax regulations.

From the very first meetings, we identified key weaknesses, proposed a clear roadmap and provided initial tax advisory support. This gave the client confidence that we could not only take over and stabilise its accounting function efficiently, but also provide expert guidance throughout the SAP implementation.

Needs Assessment and Accounting Review

The first step was to thoroughly review and organise the accounting records. Particular attention was paid to VAT reporting, accounting transactions and compliance with applicable legislation.

Through the review, we eliminated identified deficiencies, stabilised accounting processes and reduced the risks associated with the company’s ongoing operations.

Process Optimisation and Effective Cooperation

Effective communication and close cooperation with the client’s administrative team proved to be key success factors. Together, we redesigned document processing procedures to make workflows faster, more transparent and less prone to errors.

We implemented the BDO Portal as a secure platform for sharing and managing accounting documents. This provided the client with greater transparency, better visibility of processing status and immediate access to important information.

At the same time, we introduced a clear framework of responsibilities that improved transparency throughout the accounting cycle.

Supporting the Transition to SAP

An important part of the engagement involved supporting the client’s migration to SAP. We provided assistance throughout the transformation and worked closely with the client’s IT team to adapt the system to Slovak accounting and tax requirements.

As the client also relied on customised SAP functionalities and specific configurations, we quickly familiarised ourselves with these requirements and effectively integrated them into day-to-day operations. This ensured a smooth transition without disrupting accounting continuity.

Outcome of the Cooperation

The client gained a more stable and transparent accounting environment, more efficient document workflows and clearly defined processes and responsibilities.

Identified deficiencies and risks were addressed, accounting documents were securely managed through the BDO Portal and the transition to SAP was completed without disrupting accounting operations.

The result was a sustainable accounting setup that provided the client with greater visibility and a more reliable foundation for its future operations.

Support at a Critical Moment

The value of the cooperation also became evident during a demanding accounting closing period immediately before Christmas, when large volumes of documentation had to be processed and the accounting records finalised late into the night.

The client particularly appreciated the team’s commitment, flexibility and ability to manage the situation despite several complications.

Client Feedback

“I am really sorry that so many problems appeared yesterday and very thankful for you that apart from all these obstacles you were fighting for it and you made it. Thank you and Merry Christmas!”