Customized CFO Services

We were engaged by the client to provide assistance with the InforSun Implementation to ensure a smooth transition. The engagement included the following:

• Software implementation:

✓ ^{Design the master file for setting up the chart of accounts and analytics for suppliers, investments, related parties, cash flows, VAT entries and etc;}

✓ ^{Migrate 2 years of data for 6 entities, record year-end entries, close financial years, and update daily bookkeeping;}

✓ ^{Reconcile AR/AP, debts, and other balances, ensuring clean, accurate financial data;}

✓ ^{Implement FX revaluation and deliver reports, including P&L, Balance Sheet, Cash Flow, Equity, and BCL reports and various other reports;}

✓ ^{Set up intercompany billing, issue invoices, and clean up intercompany balances.}

• Optimize processes to speed up close cycles
• Establish monthly and annual reports
• Implement budgeting and forecasting processes
• Treasury management and treasury policy development
• Produce and e-file Lux GAAP annual accounts
• Set up VAT compliance
• Assistance and documentation support for the external audit process

Before the engagement ended, we developed the InforSun instructions for client’s employees to get them up to speed and to a productive point faster in the new software.

We were engaged by the client to reconcile six years of general ledger closing balances following a data migration. The engagement included the following:

• Providing accounting technical support & interpretations for data transfer from SAP to Oracle
• Clearing and reconciling BS accounts
• Reviewing general ledger entries over the last 6 years
• Reconciling payroll, PIT and LABOUR accounts with Tax & CCSS authorities
• Manual reconciliation and clearing AP/AR
• Analyzing and controlling of IFRS 16 calculation
• Fixed Assets reconciliation and CAPEX calculation
• Setting up accounting processes for a monthly, quarterly and annually closing
• Preparing Accounting procedure
• External audit liaison and coordination

We were engaged by the client to provide interim finance and accounting support during the organization’s search for the right permanent replacements. The engagement included the following:

• Daily bookkeeping
• Month-end & year-end close
• Preparing and e-filing Lux GAAP annual accounts
• Managing budgeting, forecasting and variance analysis
• Collaboration with various teams across the group
• Tax and VAT compliance
• Regulatory reporting
• Coordinating year-end audits
• Overseeing equity and debt financing
• Managing treasury and cash flow forecasting (OPEX/CAPEX/DEVEX)
• Forecasting and calculating distributions (ROC/Dividends)
• Production and distribution agendas for board members
• Preparation of board packs and accompanying materials
• Organization quarterly board meetings of several legal entities of the group
• Production of minutes and action points for all meetings
• Updating of the shareholder registry
• Ensuring compliance with legal and regulatory requirements, including updates to board composition, ultimate beneficial owners (UBOs), and other corporate changes

Given the short time frame of the accountant's departure, we were able to familiarize ourselves with the daily accounting and finance operations, ensuring the finance department remained productive and met all reporting deadlines. We also successfully handled the preparation for quarterly board meetings and completed two audits on time without needing additional support.

The client engaged us to support the year-end financial closing and the preparation of financial reports for investment funds. The engagement included the following:

• Review financial statements (Lux GAAP and IFRS)
• Verify mappings, trial balances, general ledgers, balance sheets, and profit & loss statements
• Ensure accuracy of changes since the Analytical Review and manual journal review
• Conduct high-level reviews for regulatory consistency, prior year comparisons, and client-specific requests
• Confirm inclusion of all relevant notes
• Verify accuracy of all changes from the previous cycle
• Complete and sign all checklists before releasing D1
• Implement client-requested changes
• Upload correct drafts to auditors
• Prepare daily plans, schedules, and monitor weekly team hours
• Collaborate with various teams across the group