Deployment of a Mazars Assistance Team for a high-stakes IT project

One of our clients, a group composed of roughly 1,000 legal entities, undertook a project to reorganize its Finance Department using a reliable and effective consolidation tool. The group asked Mazars, which was already advising them on tax matters (fiscal integration, tax documentation, deferred tax reliability), to provide assistance with the migration of their IT system.

Challenges

Three major challenges were identified for this assignment:

  • Reconstructing a database covering the entire group over two fiscal years,
  • Implementing a filing system to facilitate the audit trail and standardization of entries,
  • Improving the reliability of historical data recovery.

Solutions

To complete this project, we proposed the following solutions:

  • Introducing three consultants who would be at the consolidation management team's disposal for a period of eight months,
  • Sharing the expertise we have gained from similar projects in order to ensure the use of best practices,
  • Ensuring a timely and smooth execution of the project.

Related content

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Our expertise

Retail and consumer products companies face a number of challenges: intensified competition, strong pressure on margins, commodity price inflation, issues related to global sourcing, reinforcement of brand identity and the implementation of a differentiation strategy while improving the shopping experience and developing a multichannel approach, etc. The players involved are faced with major structural transformation issues. Mazars understands these issues and has gathered a global team of experts in accounting, finance, taxation and consulting with firsthand industry knowledge to help companies handle these challenges while providing added value.

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Our references

Across the world, Mazars works with retail companies of every size, from growing private businesses to some of the largest international groups. By combining vast industry knowledge and considerable expertise in a variety of fields, Mazars’ team provides invaluable commercial insight and technical ability. Our approach is always hands-on and collaborative.