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Nowadays, three out of four companies intend to restructure their financial management and accounting. The trend to the Finance & Accounting Shared Services Center continues unabated and provides a real alternative to outsourcing business processes.
Structuring the financial management department as a shared services center means organizing it as a service provider on the basis of business principles. Central to this is the creation of a service portfolio structured to reflect the individual service requirements of the group’s companies, enabling a fair distribution of costs and providing economies of scale.
Anafee for Finance & Accounting Services by CATENIC is the leading financial management solution which allows companies to actively manage all financial services on the basis of transparent cost and service structures:
- Standardised F&A services company-wide
All services and costs are standardized and included in a demand-oriented F&A service catalog. This gives providers and customers a common basis for discuss existing services and future requirements. - Effective Activity-Based Costing
Create high-quality process and performance analyses for freely definable periods. Develop reliable scenarios for long-term cost and demand trends, and support business planning effectively.
- Effective, long-term cost containment
Automated routine processes such as calculation, invoicing and reporting provide substantial economies of scale in the service center. Complete cost and performance transparency allows for item-by-item comparisons with external providers. - Compliance and Auditability
Comply with legal documentation requirements for domestic and foreign transfer pricing. Compliance with international accounting regulations (e.g. IAS/IFRS) is already an integral part of the service catalog.
Do you want to learn more? More information on Anafee for Finance & Accounting Services is only a mouse click away. Or you can contact us for a free consultation on how to achieve your accounting and controlling objectives with Anafee.
