INFORTREND GERMANY OPTIMIZES OPERATIONS WITH CONSULTINGHOUSE

In 2013 Infortrend decided to move its office location in Germany and consequently needed to register at the tax office, trade court and municipal office responsible for the new location. Furthermore, insurances as well as banks and other authorities had to be informed of the change of the office address. Also a change to the information in the social- and payroll system was required in order to keep the operations going.

In addition to the transfer to the new Headquarters, Infortrend had in the past experienced problems of uncommon delays with their internal processes. Deadlines to authorities and tax offices had been exceeded or missed, payroll slips had been generated late. This led in places to bottlenecks in salary payments and other payments, which have to be made each month in order to stay compliant with German statutory law and to ensure employees were paid on time.

Therefore, Infortrend requested not only an analysis of the internal processes in terms of daily operations, but also the entire takeover of the whole payroll and accounting work for the future.

Due to the fact that the German office of Infortrend is required to report on a monthly basis to its European Headquarters in the UK and the mother company in Taiwan, Infortrend Germany wanted to have a financial accounting set-up which would allow the company full transparency in the monthly figures. In addition to the monthly accounting*, the client requested annual year-end closing and reporting* of the balance sheet to the Headquarters in the UK and Taiwan. The numbers needed to be prepared in such a way that they could be integrated into the system of the EU Headquarters in the UK and the mother company in Taiwan with only a click.