Dealing with individual offices in 15 countries was extremely time-consuming and the quality of service received varied significantly. Alongside this, there were non-compliance problems, with some countries falling over two years behind on their yearly reporting.
Our initial engagement was for indirect and corporate tax compliance, but this quickly expanded to include annual financial statement preparation and audit support across 15 countries. By providing a centralised point of contact, we were able to take ownership of delivery and compliance, getting them up to speed in the local countries and advising along the way to improve the process and on the level of tax reporting required.
All countries are now up-to-date with their monthly, quarterly, and annual reporting, and Crowe's relationship with the client continues to grow. Alongside this work, we are identifying and implementing processes, reporting improvements and saving the client in professional fees.