Finance Supply Chain Integration

Enhancing performance in finance and accounting through the integration of quantity flows and value flows

Internationalization has become an absolute must for securing the survival of German companies of all sizes and from all industries. Internationalization is not only big opportunity in terms of new markets, more cost-effective sourcing and more efficient cost structures, perhaps more importantly it also represents new challenges for finance and accounting. Thus, the legal unit, once the main focus of finance and accounting, is now losing more and more importance as a tax dimension.

It is for this reason that one of our main pillars in this field is the optimization of managing global value chains outside of the legal corporate structure. The first step here is to design a management concept for all the organizational units involved in the value chain (purchasing, production, sales). The second step involves structuring the quantity and value flows across the entire value chain so that the management information needed by the organizational units can be generated automatically. This includes, for example, setting up group accounts structures, transfer pricing systems, fully projected earnings forecasts and group cost estimates.

Further topics from the field of Financial Supply Chain Integration are:

• Harmonizing internal and external accounting to foster the reduction of complexity and to increase transparency
• Identifying new legal requirements (e.g. accounting procedures such as IFRS) and implementing legislation (e.g. BilMoG, Corporate Sector Supervision and Transparency Act (KonTraG), and SOX)
• Increasing the profitability of finance through the standardization and automation of processes.