Mayday Accounting

Companies are repeatedly confronted with sudden changes that can lead to acute resource bottlenecks and thus to heavy burdens in the finance departments. This makes it particularly difficult to process routine tasks in a timely manner.

• ERP system change (e.g. S/4HANA)
• ERP optimisation projects tie up accounting resources
• Company acquisition/sale with various special tasks in the finance department
• Relocation to a new location with loss of employees in the finance department who cannot be hired immediately at the new location
• Out-sourcing of activities leads to premature loss of employees and expertise
• In-sourcing of activities; personnel resources cannot be recruited in sufficient quantities
• Fluctuation in the finance department for various reasons such as demographic trends, regional staff shortages or similar. Vacancies cannot be filled immediately

If there are delays, for example in the processing of routine activities, the internal and external pressure on the finance department increases. The associated high permanent workload often has negative effects such as an increase in sick days and a drop in employee satisfaction. 

The objective consequences of limited performance in the area of finance can be serious.

• Late payment of vendor invoices, possibly reminder fees or interest
• Missed deadlines vis-à-vis the tax authorities, possibly interest, penalties or fines
• Non-compliance with publicity obligations can lead to the need for ad hoc announcements and thus to a loss of reputation

• Missed deadlines, e.g. late preparation of monthly and quarterly financial statements and delays in internal reporting
• Missing or inaccurate figures make corporate planning and business decisions more difficult
• Delays in the dunning process, increase in working capital and possibly declining liquidity

Internally or externally, bottlenecks in the finance department can have serious consequences. Quick action is required to maintain the efficiency and timely completion of pending tasks. This is where our Mayday Accounting comes in. Trained accounting experts take over pending tasks at short notice, create relief and thus ensure employee satisfaction and the performance of your finance department. This creates additional freedom for those responsible (CFO, commercial manager, accounting manager, head of controlling, head of taxes) for the performance of pending entrepreneurial tasks.

KPMG supports you in case of acute need for action with flexible "Mayday Accounting" services. Our experts are quickly ready for action with minimal burden on your internal resources. We work with proven processes and realise efficiency gains and process improvements in your accounting in the areas of organisation, standardisation, automation and quality. The core of our service is the remote approach, i.e. we share the work with your team on your systems and thus without interface losses. 

Our services are highly scalable through the use of our German Shared Service Centre, and the IT implementation is tried and tested and efficient. The activities are carried out regardless of which ERP system you use. 

Our experts are quickly ready for action with minimal strain on your internal resources.

We work with proven processes and realise process improvements and efficiency gains in your accounting in the areas of organisation, standardisation, quality and automation.

We work with your team on your systems and thus without interface losses.