Mazars was appointed to support L'Oréal with the harmonisation of their internal accounting processes across 3 countries in Central Europe, including a transition from internal accounting function to external outsourcing under L'Oréal solution SAP. Set-up was different from one country to an other with some SAP modules which were neither efficient nor implemented at all, on top of some specific internal processes per country.
Setting-up of a Business Process Outsourcing for L'Oréal financial accounting and tax compliance, under L'Oréal system SAP. The first phase was the stabilisation of Czech and Slovak accounting after decision of outsourcing the accounting function to Mazars. In the second phase, 3rd country was transitioned, adding Hungary to the new scope together with the implementation of SAP. Last phase was the optimisation of processes with high level of automation. Comparative study for 3 countries was done per process to identify differences and design new set of unified processes, according to both group and local requirements. New SAP models were set-up like electronic purchase orders and related work-flows, scanning of documents.
L'Oréal is a global cosmetics and beauty company with operations in over 130 countries, employing 50,500 people. It has developed activities in the field of cosmetics, concentrating on hair color, skin care, sun protection, make-up, perfumes and hair care.
Both Castel and Mazars share a relationship of trust and mutual understanding of challenges. The client can fully focus on its core business and be sure of compliance and conformity with the ever-changing regulations. Mazars is proud to be a trusted partner to Castel in Poland for almost 25 years. Castel started working with Mazars also in the Czech Republic in 2009.
Local compliance activities, including tax, statutory financial statements fillings, corporate secretarial services and payroll for more than 30 countries, covering a total of more than 450 legal entities.The services provided by Mazars have made the global compliance easier and have facilitated the harmonization of the procedures across the globe with full transparency on the processes.
Mazars took over the payroll agenda over the course of 2 weeks. The mutual cooperation has continued to the client’s satisfaction till nowadays.
Salary calculation for around 150 workers in about 24 hours from receiving the required input. Current model which Mazars helped design meant increased efficiency, better accuracy of salary calculation, minimising the risks and saving time.
Our expertise has helped Profoto to improve its flexibility, to increase the reactivity of its service level and to fully integrate the accounting with business operations.
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