When a company goes global, its accounting processes grow in complexity and tie up management resources. Outsourcing business processes such as payroll, tax and accounting frees you to focus on your core business. It is often the best way to break into new markets as you benefit from an external partner’s specialist local knowledge and resources. Our outsourced CFO & accounting services can help position your Australian subsidiaries, branches and establishments for growth.
The benefits of outsourcing for subsidiaries
Whether you’re starting a new company in Australia or already an established foreign-owned business here, choosing an outsourcing provider is an important step. An inexperienced finance team could lead to inaccurate reporting, compliance measures being overlooked, large overhead expenses, poor business planning and not receiving timely information to make business decisions. You need to be confident that the firm you choose has the skills and resources to clearly understand your needs and deliver the benefits you seek.
Our outsourced CFO & accounting services for Australian subsidiaries
Accru Felsers has a long history of providing customised outsourcing solutions at global standards for foreign-owned businesses in Australia. Over three decades, we have helped many German ‘mittelstand’, European, US & UK businesses to grow from market entry to successful Australian brands.
Many clients see us as part of their strategic business team, yet our services typically cost a fraction of full-time finance employees and deliver better results. Our solutions are highly customisable to your resource requirements.
As well as CFO level advice, we can provide you with an entire outsourced finance department and ongoing ‘back office’ solution, or simply end-of-month accounting support if you prefer. We’re known for developing excellent lines of communication and relationships built on trust and reliability, as well as our ability to customise different accounting packages to achieve streamlined reporting for our clients.
Our CFO services:
- Treasury/cash flow management
- Financial decision-making
- Business analysis and profit engineering
- Financial modelling, forecasting & valuations
- Cross-border coordination of outsourcing projects
Our outsourced tax & accounting services:
- Business incorporation in Australia
- Corporate governance & secretarial services
- Accounting process optimisation
- Tailored solutions for accounting & Management reporting
- Payroll processing, accounting, HR reporting
- Company tax services for Australian subsidiaries
- Annual financial statements
Accru Felsers international business outsourcing team
Accru Felsers outsourcing team are degree qualified, Chartered Accountants and Members of Chartered Accountants in Australia and New Zealand. Rebecca Beitzel, who heads our outsourcing division, has acted as CFO and led worldwide outsourcing rollouts for numerous fast growing businesses in the Asia-Pacific. Rebecca also has international experience in New York with multinational retailers and property groups.
Our outsourcing team are familiar with international and Australian reporting standards, business systems and cultures. We have German, French & Chinese speaking accountants available to discuss accounting and financial reporting issues in your native language if required.
Our outsourcing work with subsidiaries in Australia
Below are some examples of the positive outcomes we’ve achieved for German, European and UK businesses in Australia through our CFO and outsourced accounting services.
- Supported an innovative German bathroom products company to grow from a single representative office to Australian market leadership within six years. Provided a full suite of outsourcing and CFO services, including designing a more cost-effective Xero reporting package as an alternative to their SAP one, which automated their financial reporting and saved substantial time and cost.
- Helped a leading UK provider of professional healthcare staff to startup in Australia and achieve huge growth throughout Australia and Asia. Our support includes outsourced CFO services for cashflow and profitability enhancements, banking, payroll, management of systems and software, and automated reporting to London.
- Designed and rolled-out the financial systems for the Australian launch of Berlin-based global internet business. We acted as external CFO, overseeing HR & payroll systems for 50 Australian staff and provided back office services and monthly reporting to the overseas head office.