Outsourcing solutions

What is outsourcing?

Outsourcing is about having an activity managed and performed by a third party, which is often more efficient than doing it in-house. Our outsourcing team has great knowledge and experience and takes full responsibility for its actions, so its members can be fully relied upon. View the types of clients we’ve worked with. Outsourcing solutions usually include the following activities:

• Bookkeeping and related reporting (in accordance with Czech regulations or IFRS), setting up and maintaining accounting procedures in accordance with the group’s rules and in compliance with legislation;
• Keeping a complete tax agenda;
• Payroll processing and HR management;
• Controlling; 
• Reporting to the group in accordance with its needs; 
• Preparing an audit and working with auditors;
• Processing consolidation data;
• Applications for grants or other forms of co-funding and the settlement of amounts;
• Cash flow management, economic and financial management;
• Setting up and changing internal processes, as needed;
• Implementing an enterprise information system;
• Selecting candidates for financial work positions (tests, interviews and comprehensive evaluation with recommendation or not for the position).

How outsourcing functions in real life for accounting (economic management) departments 

Our team assumes all the responsibilities of the accounting (economic management) department. They agree with the client on the working arrangements, i.e. a schedule as to when the team will be at the client’s office and work remotely, whether to involve internal staff, meetings the team shall attend, and so on. Team members often use email addresses associated with the client, just like regular employees, or our dedicated email address for clients.
We provide outsourcing solutions at companies and organisations of various sizes. Sometimes these are large manufacturing companies where SAP is frequently applied as an enterprise information system, and the resultant processes are linked to those of the given group. In other cases, medium-sized businesses take advantage of outsourcing, where systems such as Navision, ABRA and Helios are employed and processes occur locally. Non-profit organisations use a variety of minor information systems that highlight economic matters relevant to them, including the management of financial resources.

Why outsource? 

We are a team of professionals – constantly learning and keeping abreast of the latest developments in accounting, tax and payroll. Since we are ultimately responsible for processing, your organisation is free to fully concentrate on its activities.

We are also here for those looking for someone to handle the complete finances of an organisation, rather than facing the hassle of arranging individual economic services. We work as a functional, financial department as if part of the company or organisation.