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INTRODUCTION

Our consulting and outsourcing services have developed successful long term relationships with many clients. Here are some of our success stories.

Contents

BRALOBA AG

Finance Outsourcing

Background
Braloba AG is a Swiss manufacturer of high end watchstraps and their success is due to a total dedication to supreme quality and exclusive design. As the company has been achieving impressive revenue and profit growth, it has expanded its manufacturing base to the PRC. Like many overseas manufacturers operating in China, management attention has to be focused primarily on driving revenue growth and managing the factory operations. As the company grows, management was getting increasingly dissatisfied with the performance of office support functions such as finance and IT systems, especially with regard to timely and accurate monthly financial reporting and factory controls. The decision was made to outsource the finance function in 2008.

How We Helped
Our first priority after assuming responsibility for the finance function in Oct 2008 was a complete revamp of the company’s monthly closing process and management reports with even the COA completed resigned. The revised closing and reporting processes started in Jan 2009 and monthly management reports are now available within 3-4 weeks of month-end, with information formats and comparisons as specified by management from time to time. We also introduced a full bottom-up budgeting process resulting in the introduction of detailed budgetary control for the company’s operations from 2009.

www.braloba.ch
"Our experience of outsourcing the finance function has been very positive as we use outsourcing in both Switzerland and HK for all our accounting and management reporting needs. We find our service providers to be very professional and highly responsive towards our business needs. To support our business growth, our F&A outsourcing service provider is managing the project to upgrade and revamp our ERP system using the SAP Business One Software."
Beat Schori, Chairman
Braloba AG