Accounting Supervision - Specialized Supervision on Your Accounting Department

Accounting processing in the form of accounting supervision is an extraordinary outsourcing form, in fact it is an ideal intergrade between your own and an external accounting department, or financial (economic/administration department). Within the framework of accounting supervision an experienced chief accountant, who is liable for accounting processing, supervises your economic department operation.

Benefits of Accounting Supervision?

• cheaper economic department´s operation (or accounting processing), maximum number of processes are automated
• you do not have to employ own chief accountant with all the risks and costs of his/her work (wages, health and social insurance payments, holidays, benefits, training, job position, IT costs, fluctuation risks, limited liability for errors)
• information about the company management is provided to management in real time (immediate overview of payables and receivables, complex information about suppliers and providers, payment morals, customer´s turnover in individual months)
• accounting supervision is covered by an insurance and an error or damage, if any, is covered from a supervisor´s insurance

An important condition for a successful accounting solution in the form of accounting supervision is using a first-rate information system.

The fact that accounting supervision is advantageous is reflected in the reality, which we are really proud of, that none of our customers, who has been using accounting supervision services, considers returning to a standard internal accounting department.  Even you could become convinced of Accounting Supervision benefits!

Accounting Supervision - a Real Business Case

Customer:  a middle - sized multinational daughter company
Initial Situation - Problems in the Area of Finance and Accounting: missing chief accountant, limits of the employees´ abilities - a high level of an error rate in accounting and other areas, a low level of process automation in accounting and other areas, ineffective and time consuming reporting, a low level of information system utilization, etc.
Proposed Solution:  using accounting supervision services - outsourcing of a chief accountant, training and supervising present employees, changing their job description, decreasing an error rate in accounting, redefining and optimizing some processes in accounting and other areas, increasing information system utilization, automating some processes (e.g. reporting, data export and import, etc.)
Operating Savings of Accounting Supervision:   in comparison with the internal solution: 27%
Return Rate of Initial Investments in outsourcing implementation: 14 months

Based on  2-year experience in the Czech Republic the same project (complete outsourcing of accounting, payroll and taxes) was carried out in the Slovak branch. Currently, the customer is using corporate managing of the Czech and Slovak branch, the corporate system, and the same outsourcing partner.

Are you interested how much your company will save thanks to Accounting Supervision?

CALCULATE YOUR PRICE!