SlideShare a Scribd company logo
CrowleysDFK
Business
Outsourcing
Solutions
WWW.CROWLEYSDFK.IE
Contents
01 02 03 04
 Crowleys DFK In A Snapshot
 DFK International
AboutUs
 Overview
 Benefits Of Outsourcing
 Our Outsourcing Solutions
OurService Offering
 Our Talented Team
 Case Studies
 What Our Clients Say
OurExperience
 Why Work With Us?
WhyCrowleysDFK?
2
Foreign Direct Investment
SMEs
Public Sector
Not-for-Profit
Legal & Professional Services
Property & Construction
MarketsServed
Audit & Assurance
Tax
Advisory
Transactional Services
Business Outsourcing
Service Areas
6 Partners
60 Staff
Resources Locations
At Crowleys DFK we never lose focus on your objectives
CrowleysDFKinaSnapshot
Dublin
16/17 College Green
Dublin 2
Cork
5 Lapps Quay
Cork
3
WWW.CROWLEYSDFK.IE 3
WWW.CROWLEYSDFK.IE
220 member
firms
DFK International (“DFK”) is a major international association of independent accounting firms
and business advisers that has been meeting the needs of clients with interests in more than
one country for more than 50 years.
Our DFK membership provides our clients with an integrated and robust global delivery
mechanism across the world.
Where DFK member firms work together on cross border assignments we operate as one team.
This is a powerful and important feature which saves clients time, money and allows resources
to be best utilised.
4
435 offices
worldwide
Across 93
countries
worldwide
12,170 Partners
and staff
US$1.182bn total
fee income
DFKInternational
Local Knowledge - Global Presence
The firm is an independent member of DFK International
WWW.CROWLEYSDFK.IE
Business Outsourcing
Whether you are a business start-up,
SME, multinational company or public
sector organisation, at Crowleys DFK we
can help you achieve this with our
professional and tailored business
outsourcing solutions.
From managing your entire finance
function to elements of it such as
bookkeeping, management reporting, tax
compliance, payroll or designing and
implementing new financial processes, we
will structure a tailored solution which will
create both value and cost savings and
allow you to focus on core activities and
business growth.
In today’s dynamic business
environment, more and
more organisations are
seeking robust solutions for
their accounting and related
financial processes which will
reduce costs, streamline
procedures and improve
operational efficiencies.
Our Outsourcing Solutions
1. Full finance function
2. Accounting systems & software
3. Bookkeeping
4. VAT compliance
5. Accounting and financial reporting
6. Management reporting
7. Budgetary control
8. Payroll
9. Company formation and secretarial
10. Investing in Ireland
5
We pride ourselves on delivering an excellent service, no matter what the size of your business
WWW.CROWLEYSDFK.IE 6
Cost savings
Increasedefficienciesandstreamlinedprocesses
BenefitsofOutsourcing
Accessto skilledspecialists
Riskmanagement
Peaceof mind
Outsourcing your financial and administrative
functions will free you to concentrate on what is
important – building your business.
Focuson coreactivities
Outsourcing can not only deliver cost savings in
areas such as salaries but also technology and
infrastructure. You can save on investing in the latest
technology, software and infrastructure by letting us
manage it for you.
Outsourcing can provide you with increased
efficiency, productivity and economies of scale,
giving you an important competitive advantage.
Outsourcing will give you access to our team of
experienced and talented professionals who will use
their knowledge and expertise to identify
opportunities to strengthen controls, improve
processes and increase efficiency.
Our Business Outsourcing team will provide you
with the confidence that you are fully compliant
with your statutory and compliance obligations.
You can carry on running your business in the
assured knowledge that all your financial and
administrative processes are running efficiently and
effectively.
WWW.CROWLEYSDFK.IE 7
Working with to a broad range of clients in a variety of industry sectors, our talented team have extensive experience working
with a wide range of desktop and online accounting packages. We will work with your current solution or alternatively we can
recommend and implement an accounting package appropriate to your business needs. We can also deliver cost savings in
software and infrastructure by managing your accounting system for you, leaving you to concentrate on the day to day running of
your business rather than IT maintenance.
Accountingsystems&software
OurOutsourcingSolutions
We pride ourselves on delivering an excellent service, no matter what the size of your business
The efficient, quality and cost effective outsourced bookkeeping service at Crowleys DFK can remove the costly and time
consuming exercise of maintaining proper books and records of account . Our service can include the operation of bank
accounts and general cash management, processing invoices and payments, bank reconciliations and maintenance of debtor and
creditor ledgers. Online access enables you to securely view your accounting records at any time, providing you with the
assurance that they are always accurate, up to date and in compliance with current legislation.
Bookkeeping
VAT is a complicated tax that affects all private businesses, public and not-for-profit organisations. The prevalence of Revenue VAT
audits mean that businesses must focus even more on managing their VAT risk and costs. With good advice, VAT savings can be
made. Our tax specialists help businesses manage all aspects your VAT affairs. As well as providing effective advice on VAT
planning strategies and VAT efficient solutions for transactions, we can also deal with the compliance burden of preparing and
submitting your VAT returns.
VATcompliance
One-stop shop for all your outsourcing needs
WWW.CROWLEYSDFK.IE 8
Whatever your accounting and financial reporting needs, Crowleys DFK has the knowledge and technical expertise to provide you
with high quality and reliable advice. We can provide a full statutory accounts preparation service etiher working together with
your in-house accounting team or provide a complete outsourced solution. We will identify opportunities and areas for
improvement and help you to understand management and financial accounts and reports.
Accountingandfinancialreporting
Regular management reporting is crucial to the financial management and decision making process of any business.
At Crowleys DFK, we can provide an effective and timely management reporting service. Our experienced team can either fully
prepare or assist your staff in the preparation of management reports. We will tailor our reports to meet your needs and guide
your business in making financial decisions, planning and evaluating performance.
Managementreporting
Budgeting and forecasting, while vital for every successful business, can be a time consuming task as budgets must be
continuously updated with new forecasts becoming the targets to achieve. We have extensive experience helping businesses set
targets, prepare budgets and measure performance. We can fine tune budgets and forecasts on an ongoing basis and prepare
periodic variance reports comparing the actual with the budget.
Budgetarycontrol
OurOutsourcingSolutions
One-stop shop for all your outsourcing needs
WWW.CROWLEYSDFK.IE 9
Managing salaries and administering payroll is one of the most time intensive functions in any business. Changing regulations
and control procedures have added to this workload. At Crowleys DFK, we offer a complete payroll service that keeps control on
compliance and costs, and gives back time to you. We have a proven a track record of delivering reliable payroll services to a
range of organisations with as few as 1 and as many as 500 employees. Data security is guaranteed.
Payroll
Our company secretarial team specialises in company incorporations and the registration of Irish companies . We also offer a
complete compliance package including maintenance of statutory registers, filing your annual returns, board meeting minutes,
and general compliance. We ensure that you and your company remain in compliance with your statutory obligations and that
you are getting accurate, reliable and timely advice on any regulatory changes that may affect you.
Companyformationandsecretarial
Ireland’s performance as a hub for Foreign Direct Investment is unrivalled. At Crowleys DFK we have a wealth of experience
advising and working with foreign SMEs looking to locate to Ireland. Once you are set up, we can provide you with a range of fully
or partially outsourced services required to run your Irish subsidiary.
InvestinginIreland
OurOutsourcingSolutions
One-stop shop for all your outsourcing needs
WWW.CROWLEYSDFK.IE
The talented and experienced senior members of our Business Outsourcing team
Meet OurTeam
Colette Nagle
colette.nagle@crowleysdfk.ie
Partner
Shane Moloney
Manager
Specialising advisory services to our SME and owner
managed business clients, Shane manages many of the
firms business outsourcing assignments.
His strong understanding of data management and
processing combined with his financial accounting and
audit experience, enables him to identify opportunities to
strengthen controls, improve processes and increase
efficiency and also to recommend and design practical
solutions for implementation.
10
With over 16 years’ experience, Colette leads the firm’s
dedicated Business Outsourcing Department.
Colette has particular experience working with our SME
clients. By combining her expert knowledge in financial
accounting, management reporting and risk management
with an extensive track record in strategic business
planning and support, business restructuring and value for
money advice, Colette and her team support clients grow
and achieve their objectives.
shane.moloney@crowleysdfk.ie
https://ie.linkedin.com/in/moloneyshane
https://ie.linkedin.com/in/colettenagle
WWW.CROWLEYSDFK.IE 11
Due to changes within the finance department of this public sector body, a decision was made to
outsource its finance function.
As well as managing the entire finance function covering payroll, debtor and creditor management
and other financial support services, the successful contractor would also be responsible for
identifying, implementing, customising and managing a new accounting system.
Following a tender process Crowleys DFK was awarded the contract.
PublicSectorBody
Managing the finance function
Liaising directly with the Finance Manager and Assistant Chief
Executive, we now manage the day to day operations of the finance
function, performing the traditional financial controller function:
• Payroll
• Expenses
• Sales and purchase order processing
• Monthly management reporting
• Liaising with suppliers and answering their queries
• Attending Audit and Finance Committee Meetings to present
monthly financial reports and yearly financial statements
• Troubleshooting IT issues with accountancy software
• Liaising with our Enterprise Cloud Business Partner on technical
issues
• Liaising with the Internal and External Auditors
CaseStudies
Implementation and customisation of a new accounting system
Using the expertise gained working with a wide range of desktop and
online accounting packages and industry experts, we:
• Identified the most appropriate accounting system for the body,
taking into account their current resources, the level of functionality
required and potential future needs (SAGE 200 and the web
authorisation software WAP Solution)
• Made significant bespoke customisations
• Managed the implementation and migration of all financial data
across to the new system
• Designed and delivered over 160 individual training sessions to
client staff
The accounting system is now hosted by our Enterprise Cloud Business
Partner, with Crowleys DFK managing and providing user support.
WWW.CROWLEYSDFK.IE
Our primary role is Outsourced Financial Management Support, to include:
• Monthly management reporting
• Budgets and variance analysis of trading performance
• Consolidated cash flow statements
• Profit and Loss Statements and Balance Sheets
We have also assisted the company restructure their company assets,
operations and capital structures, including developing Management
Information Systems. This work included:
• Implementing a new accounting systems in two overseas subsidiaries
• Assisting with the radical overhaul of the existing financial systems
• Liaising with DFK colleagues on local compliance rules and regulations
• Managing the migration of all financial data across to the new system
• Drafting of financial policies and procedures
• Providing training to the in-house Finance Department on the new
accounting software
12
The clients is a family-run business
specialising in national and
international transport and logistics
and is at the cutting edge of their
industry. We have worked with the
company for the past 6 years.
InternationalTransportandLogistics
Company
CaseStudies
Although initially engaged to manage the company’s payroll and annual
compliance work, our brief has been expanded to managing the
company’s entire finance function. Our work includes:
• Accounting software implementation (XERO)
• Bookkeeping
• Management accounts
• Payroll
• Annual financial statements
• VAT compliance
• Company secretarial
Leading professional training and
coaching company based in Ireland
and South Africa.
The company was initially looking to
outsource its payroll and annual
compliance work.
ProfessionalTraining&CoachingCompany
WWW.CROWLEYSDFK.IE
In conjunction with our DFK USA colleagues and the clients lawyers, we:
• Advised on the optimum corporate structure
• Assisted with locating office space in Dublin for the client to purchase
• Organised the taxes registration of the company and its non-resident
employees in Ireland
Working with the US based Group CFO, we now provide a range of
outsourced services to include:
• Payroll and management accounting services
• Annual financial statements
• Corporate tax compliance services
13
This New York based software
development company, referred to us
by a DFK USA firm, is an SME company
with gross revenues of €50m.
The company chose Ireland as its EU
base to develop a new suite of
software products.
SoftwareDevelopmentCompany
CaseStudies
We were appointed as outsourced service providers for the Irish
subsidiary of this company.
Our initial work involved identifying, implementing and customising and a
new accounting system (Sage 50). We also developed a streamlined
process of transferring data from their specialised sales and order
software into the accounting software on a monthly basis.
We now provide our client with the following outsourcing solutions:
• Bookkeeping
• Management reporting (for the Irish company and the parent
company)
• VAT returns
• INTRASTAT returns
This German founded family business is
a leading world-wide manufacturer of
valves, automation components and
other piping products.
The company has over 27 subsidiaries
worldwide.
ManufacturerintheFieldofProcess
MediaControl
WWW.CROWLEYSDFK.IE
Our fully outsourced finance function work includes:
• Payroll
• Bookkeeping
• Management reporting
• Preparation of statutory financial statements
• Statutory audit
• Consolidation reporting to parent company and parent company
auditors
• Tax compliance
• Tax consultancy
• Company secretarial
14
Our client is a subsidiary of a German
company and is engaged in supply and
installation of vehicle testing
equipment.
SpecialistsinVehicleTestingEquipment
CaseStudies
.
We advised the client on:
• The corporate structure
• Share capital requirements
• Requirements to avail of Ireland’s low corporate tax rate at 12.5%
• Dividend payments and any withholding tax considerations
Since forming the Irish entity and registering it for taxes, we provide the
following outsourcing solutions:
• Payroll
• Management reporting
• Preparation and audit of the financial statements
• Filing the client’s corporation tax returns
• Advice on ad-hoc tax and queries
A fast growing North American media
company wished to set-up a European
operation to further its expansion.
Working with our DFK colleagues, we
discussed with the client the advantages
of using Ireland as its EU base.
MediaPublications Company
WWW.CROWLEYSDFK.IE
‘Their attention to detail is
phenomenal. They leave no
stone unturned. I have no
hesitation in
recommending Crowleys
DFK.’
‘There is great comfort in working with Crowleys DFK. I can carry on with
managing the business here in Ireland in the knowledge that all our
accounting and financial processes are running efficiently and effectively. The
people are professional and have a confident way of dealing with our team.’
– John Mallon, Managing Director, MAHA Ireland Ltd
‘The firm offers access to all our accounting requirements under one roof
which is great. They also have a number of different people advising on each
area.
Our payroll is bimonthly and we have never had any issues with late
payments. We recently had a payroll query in Italy. The firm was able to
assist and referred us to one of their DFK colleagues. This international
access is a significant strength and benefit to us.’
– Niamh Heaney, Finance Manager, Xanadu Consultancy Limited
15
What OurClientsSay
‘Crowleys DFK are our outsourced financial service partners.
During the implementation of the finance outsourcing project, they
demonstrated a wealth of knowledge in relation to SAGE and its applications,
most notably WAP, which allowed us to transfer our electronic purchasing
and expenses with no difficulty. They also provided comprehensive training
to all staff. The new applications were embedded into the organisation in a
very short period of time.
They are very good at what they do. Their response time’s great - my mobile
is always answered.’
- Head of Finance, Public Sector Body
WWW.CROWLEYSDFK.IE
01
02
03
By having a dedicated team of experts we can ensure
that we are always on-hand to answer crucial
questions at the point when they are needed.
Alwaysavailable
At Crowleys DFK we have built our reputation on our
ability to deliver professional services based on our
promises. We will work closely with all of your key
people to ensure we understand what you need to
achieve from our relationship. This will then ensure
we always deliver on our promises.
Reputationthroughdelivery
16
We always deliver to our promises
WhyWorkWithUs
Subjectmatterexperts
Our talented business outsourcing team have a
proven track record of providing professional and
tailored outsourcing solutions.
The global reach of the DFK International network means
that we can provide local market knowledge as well as
financial advisory, compliance and strategic solutions all
stages of your business lifecycle.
Globalreach
04
WWW.CROWLEYSDFK.IE
ConnectWithUs
17
www.crowleysdfk.ie
Crowleys DFK
@CrowleysDFK
This publication is intended only as a general guide and should not be used as a substitute for professional advice.
Directors: James O’Connor Tony Cooney Edward Murphy Colette Nagle Vincent Teo Siobhán O’Hea
Crowleys DFK Unlimited Company trading as Crowleys DFK. Registered Office: 16/17 College Green, Dublin D02 V078. Company No. 393878
A member firm of DFK International a worldwide association of independent firms.
Registered to carry on audit work and authorised to carry on investment business by the Institute of Chartered Accountants in Ireland (ICAI).
Chartered Accountants Ireland is the operating name of ICAI.
ContactUs
+353 1 6790800
www.crowleysdfk.ie
colette.nagle@crowleysdfk.ie
https://twitter.com/CrowleysDFK
https://www.linkedin.com/company/crowleys-dfk

More Related Content

Similar to Business-Outsourcing-Brochure.pdf

Presentation
PresentationPresentation
Presentation
Lee Shafrir
 
Brooks-Keret - Who we are
Brooks-Keret - Who we areBrooks-Keret - Who we are
Brooks-Keret - Who we are
Lee Shafrir
 
One roof solution - HR & Accounts
One roof solution - HR & AccountsOne roof solution - HR & Accounts
One roof solution - HR & Accounts
Irfan Momin
 
outbooks-com-au- (1).pdf
outbooks-com-au- (1).pdfoutbooks-com-au- (1).pdf
outbooks-com-au- (1).pdf
Outbooks Ireland
 
Bluesky flipbookaw_FINAL
Bluesky flipbookaw_FINALBluesky flipbookaw_FINAL
Bluesky flipbookaw_FINALMelad Aoun
 
Accountancy & Business Advice From Wkh
Accountancy & Business Advice From WkhAccountancy & Business Advice From Wkh
Accountancy & Business Advice From Wkh
WKH CHartered Accountants
 
Spera group Introduction
Spera group IntroductionSpera group Introduction
Spera group Introduction
Sunil Miyala
 
We Source Group Overview Final
We Source Group Overview FinalWe Source Group Overview Final
We Source Group Overview Final
Liampk1001
 
Audit and Assurance Services in Jamaica
Audit and Assurance Services in Jamaica Audit and Assurance Services in Jamaica
Audit and Assurance Services in Jamaica
Dawgen Global
 
Audit and Assurance Services - Jamaica AAS
Audit and Assurance Services - Jamaica AASAudit and Assurance Services - Jamaica AAS
Audit and Assurance Services - Jamaica AASDawgen Global
 
FMZ associates Profile
FMZ associates ProfileFMZ associates Profile
FMZ associates ProfileFMZ Associates
 
KayOne_CFO_Brochure.pdf
KayOne_CFO_Brochure.pdfKayOne_CFO_Brochure.pdf
KayOne_CFO_Brochure.pdf
KayOneConsulting
 
Apj & company presentation
Apj & company presentationApj & company presentation
Apj & company presentationOsank Jain
 
Top accounting services dubaiiiiiiiiiii.pdf
Top accounting services dubaiiiiiiiiiii.pdfTop accounting services dubaiiiiiiiiiii.pdf
Top accounting services dubaiiiiiiiiiii.pdf
Sumit Dubey Fitness
 
best accounting services in dubaiii.pptx
best accounting services in dubaiii.pptxbest accounting services in dubaiii.pptx
best accounting services in dubaiii.pptx
Sumit Dubey Fitness
 

Similar to Business-Outsourcing-Brochure.pdf (20)

presentation
presentationpresentation
presentation
 
Presentation
PresentationPresentation
Presentation
 
Brooks-Keret - Who we are
Brooks-Keret - Who we areBrooks-Keret - Who we are
Brooks-Keret - Who we are
 
Presentation
PresentationPresentation
Presentation
 
presentation
presentationpresentation
presentation
 
presentation
presentationpresentation
presentation
 
One roof solution - HR & Accounts
One roof solution - HR & AccountsOne roof solution - HR & Accounts
One roof solution - HR & Accounts
 
outbooks-com-au- (1).pdf
outbooks-com-au- (1).pdfoutbooks-com-au- (1).pdf
outbooks-com-au- (1).pdf
 
Bluesky flipbookaw_FINAL
Bluesky flipbookaw_FINALBluesky flipbookaw_FINAL
Bluesky flipbookaw_FINAL
 
Accountancy & Business Advice From Wkh
Accountancy & Business Advice From WkhAccountancy & Business Advice From Wkh
Accountancy & Business Advice From Wkh
 
Spera group Introduction
Spera group IntroductionSpera group Introduction
Spera group Introduction
 
We Source Group Overview Final
We Source Group Overview FinalWe Source Group Overview Final
We Source Group Overview Final
 
HLB Hamt PPT
HLB Hamt PPTHLB Hamt PPT
HLB Hamt PPT
 
Audit and Assurance Services in Jamaica
Audit and Assurance Services in Jamaica Audit and Assurance Services in Jamaica
Audit and Assurance Services in Jamaica
 
Audit and Assurance Services - Jamaica AAS
Audit and Assurance Services - Jamaica AASAudit and Assurance Services - Jamaica AAS
Audit and Assurance Services - Jamaica AAS
 
FMZ associates Profile
FMZ associates ProfileFMZ associates Profile
FMZ associates Profile
 
KayOne_CFO_Brochure.pdf
KayOne_CFO_Brochure.pdfKayOne_CFO_Brochure.pdf
KayOne_CFO_Brochure.pdf
 
Apj & company presentation
Apj & company presentationApj & company presentation
Apj & company presentation
 
Top accounting services dubaiiiiiiiiiii.pdf
Top accounting services dubaiiiiiiiiiii.pdfTop accounting services dubaiiiiiiiiiii.pdf
Top accounting services dubaiiiiiiiiiii.pdf
 
best accounting services in dubaiii.pptx
best accounting services in dubaiii.pptxbest accounting services in dubaiii.pptx
best accounting services in dubaiii.pptx
 

Recently uploaded

Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Boris Ziegler
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
Any kyc Account
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
Norma Mushkat Gaffin
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Kirill Klimov
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
JeremyPeirce1
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
daothibichhang1
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 

Recently uploaded (20)

Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 

Business-Outsourcing-Brochure.pdf

  • 2. WWW.CROWLEYSDFK.IE Contents 01 02 03 04  Crowleys DFK In A Snapshot  DFK International AboutUs  Overview  Benefits Of Outsourcing  Our Outsourcing Solutions OurService Offering  Our Talented Team  Case Studies  What Our Clients Say OurExperience  Why Work With Us? WhyCrowleysDFK? 2
  • 3. Foreign Direct Investment SMEs Public Sector Not-for-Profit Legal & Professional Services Property & Construction MarketsServed Audit & Assurance Tax Advisory Transactional Services Business Outsourcing Service Areas 6 Partners 60 Staff Resources Locations At Crowleys DFK we never lose focus on your objectives CrowleysDFKinaSnapshot Dublin 16/17 College Green Dublin 2 Cork 5 Lapps Quay Cork 3 WWW.CROWLEYSDFK.IE 3
  • 4. WWW.CROWLEYSDFK.IE 220 member firms DFK International (“DFK”) is a major international association of independent accounting firms and business advisers that has been meeting the needs of clients with interests in more than one country for more than 50 years. Our DFK membership provides our clients with an integrated and robust global delivery mechanism across the world. Where DFK member firms work together on cross border assignments we operate as one team. This is a powerful and important feature which saves clients time, money and allows resources to be best utilised. 4 435 offices worldwide Across 93 countries worldwide 12,170 Partners and staff US$1.182bn total fee income DFKInternational Local Knowledge - Global Presence The firm is an independent member of DFK International
  • 5. WWW.CROWLEYSDFK.IE Business Outsourcing Whether you are a business start-up, SME, multinational company or public sector organisation, at Crowleys DFK we can help you achieve this with our professional and tailored business outsourcing solutions. From managing your entire finance function to elements of it such as bookkeeping, management reporting, tax compliance, payroll or designing and implementing new financial processes, we will structure a tailored solution which will create both value and cost savings and allow you to focus on core activities and business growth. In today’s dynamic business environment, more and more organisations are seeking robust solutions for their accounting and related financial processes which will reduce costs, streamline procedures and improve operational efficiencies. Our Outsourcing Solutions 1. Full finance function 2. Accounting systems & software 3. Bookkeeping 4. VAT compliance 5. Accounting and financial reporting 6. Management reporting 7. Budgetary control 8. Payroll 9. Company formation and secretarial 10. Investing in Ireland 5 We pride ourselves on delivering an excellent service, no matter what the size of your business
  • 6. WWW.CROWLEYSDFK.IE 6 Cost savings Increasedefficienciesandstreamlinedprocesses BenefitsofOutsourcing Accessto skilledspecialists Riskmanagement Peaceof mind Outsourcing your financial and administrative functions will free you to concentrate on what is important – building your business. Focuson coreactivities Outsourcing can not only deliver cost savings in areas such as salaries but also technology and infrastructure. You can save on investing in the latest technology, software and infrastructure by letting us manage it for you. Outsourcing can provide you with increased efficiency, productivity and economies of scale, giving you an important competitive advantage. Outsourcing will give you access to our team of experienced and talented professionals who will use their knowledge and expertise to identify opportunities to strengthen controls, improve processes and increase efficiency. Our Business Outsourcing team will provide you with the confidence that you are fully compliant with your statutory and compliance obligations. You can carry on running your business in the assured knowledge that all your financial and administrative processes are running efficiently and effectively.
  • 7. WWW.CROWLEYSDFK.IE 7 Working with to a broad range of clients in a variety of industry sectors, our talented team have extensive experience working with a wide range of desktop and online accounting packages. We will work with your current solution or alternatively we can recommend and implement an accounting package appropriate to your business needs. We can also deliver cost savings in software and infrastructure by managing your accounting system for you, leaving you to concentrate on the day to day running of your business rather than IT maintenance. Accountingsystems&software OurOutsourcingSolutions We pride ourselves on delivering an excellent service, no matter what the size of your business The efficient, quality and cost effective outsourced bookkeeping service at Crowleys DFK can remove the costly and time consuming exercise of maintaining proper books and records of account . Our service can include the operation of bank accounts and general cash management, processing invoices and payments, bank reconciliations and maintenance of debtor and creditor ledgers. Online access enables you to securely view your accounting records at any time, providing you with the assurance that they are always accurate, up to date and in compliance with current legislation. Bookkeeping VAT is a complicated tax that affects all private businesses, public and not-for-profit organisations. The prevalence of Revenue VAT audits mean that businesses must focus even more on managing their VAT risk and costs. With good advice, VAT savings can be made. Our tax specialists help businesses manage all aspects your VAT affairs. As well as providing effective advice on VAT planning strategies and VAT efficient solutions for transactions, we can also deal with the compliance burden of preparing and submitting your VAT returns. VATcompliance One-stop shop for all your outsourcing needs
  • 8. WWW.CROWLEYSDFK.IE 8 Whatever your accounting and financial reporting needs, Crowleys DFK has the knowledge and technical expertise to provide you with high quality and reliable advice. We can provide a full statutory accounts preparation service etiher working together with your in-house accounting team or provide a complete outsourced solution. We will identify opportunities and areas for improvement and help you to understand management and financial accounts and reports. Accountingandfinancialreporting Regular management reporting is crucial to the financial management and decision making process of any business. At Crowleys DFK, we can provide an effective and timely management reporting service. Our experienced team can either fully prepare or assist your staff in the preparation of management reports. We will tailor our reports to meet your needs and guide your business in making financial decisions, planning and evaluating performance. Managementreporting Budgeting and forecasting, while vital for every successful business, can be a time consuming task as budgets must be continuously updated with new forecasts becoming the targets to achieve. We have extensive experience helping businesses set targets, prepare budgets and measure performance. We can fine tune budgets and forecasts on an ongoing basis and prepare periodic variance reports comparing the actual with the budget. Budgetarycontrol OurOutsourcingSolutions One-stop shop for all your outsourcing needs
  • 9. WWW.CROWLEYSDFK.IE 9 Managing salaries and administering payroll is one of the most time intensive functions in any business. Changing regulations and control procedures have added to this workload. At Crowleys DFK, we offer a complete payroll service that keeps control on compliance and costs, and gives back time to you. We have a proven a track record of delivering reliable payroll services to a range of organisations with as few as 1 and as many as 500 employees. Data security is guaranteed. Payroll Our company secretarial team specialises in company incorporations and the registration of Irish companies . We also offer a complete compliance package including maintenance of statutory registers, filing your annual returns, board meeting minutes, and general compliance. We ensure that you and your company remain in compliance with your statutory obligations and that you are getting accurate, reliable and timely advice on any regulatory changes that may affect you. Companyformationandsecretarial Ireland’s performance as a hub for Foreign Direct Investment is unrivalled. At Crowleys DFK we have a wealth of experience advising and working with foreign SMEs looking to locate to Ireland. Once you are set up, we can provide you with a range of fully or partially outsourced services required to run your Irish subsidiary. InvestinginIreland OurOutsourcingSolutions One-stop shop for all your outsourcing needs
  • 10. WWW.CROWLEYSDFK.IE The talented and experienced senior members of our Business Outsourcing team Meet OurTeam Colette Nagle colette.nagle@crowleysdfk.ie Partner Shane Moloney Manager Specialising advisory services to our SME and owner managed business clients, Shane manages many of the firms business outsourcing assignments. His strong understanding of data management and processing combined with his financial accounting and audit experience, enables him to identify opportunities to strengthen controls, improve processes and increase efficiency and also to recommend and design practical solutions for implementation. 10 With over 16 years’ experience, Colette leads the firm’s dedicated Business Outsourcing Department. Colette has particular experience working with our SME clients. By combining her expert knowledge in financial accounting, management reporting and risk management with an extensive track record in strategic business planning and support, business restructuring and value for money advice, Colette and her team support clients grow and achieve their objectives. shane.moloney@crowleysdfk.ie https://ie.linkedin.com/in/moloneyshane https://ie.linkedin.com/in/colettenagle
  • 11. WWW.CROWLEYSDFK.IE 11 Due to changes within the finance department of this public sector body, a decision was made to outsource its finance function. As well as managing the entire finance function covering payroll, debtor and creditor management and other financial support services, the successful contractor would also be responsible for identifying, implementing, customising and managing a new accounting system. Following a tender process Crowleys DFK was awarded the contract. PublicSectorBody Managing the finance function Liaising directly with the Finance Manager and Assistant Chief Executive, we now manage the day to day operations of the finance function, performing the traditional financial controller function: • Payroll • Expenses • Sales and purchase order processing • Monthly management reporting • Liaising with suppliers and answering their queries • Attending Audit and Finance Committee Meetings to present monthly financial reports and yearly financial statements • Troubleshooting IT issues with accountancy software • Liaising with our Enterprise Cloud Business Partner on technical issues • Liaising with the Internal and External Auditors CaseStudies Implementation and customisation of a new accounting system Using the expertise gained working with a wide range of desktop and online accounting packages and industry experts, we: • Identified the most appropriate accounting system for the body, taking into account their current resources, the level of functionality required and potential future needs (SAGE 200 and the web authorisation software WAP Solution) • Made significant bespoke customisations • Managed the implementation and migration of all financial data across to the new system • Designed and delivered over 160 individual training sessions to client staff The accounting system is now hosted by our Enterprise Cloud Business Partner, with Crowleys DFK managing and providing user support.
  • 12. WWW.CROWLEYSDFK.IE Our primary role is Outsourced Financial Management Support, to include: • Monthly management reporting • Budgets and variance analysis of trading performance • Consolidated cash flow statements • Profit and Loss Statements and Balance Sheets We have also assisted the company restructure their company assets, operations and capital structures, including developing Management Information Systems. This work included: • Implementing a new accounting systems in two overseas subsidiaries • Assisting with the radical overhaul of the existing financial systems • Liaising with DFK colleagues on local compliance rules and regulations • Managing the migration of all financial data across to the new system • Drafting of financial policies and procedures • Providing training to the in-house Finance Department on the new accounting software 12 The clients is a family-run business specialising in national and international transport and logistics and is at the cutting edge of their industry. We have worked with the company for the past 6 years. InternationalTransportandLogistics Company CaseStudies Although initially engaged to manage the company’s payroll and annual compliance work, our brief has been expanded to managing the company’s entire finance function. Our work includes: • Accounting software implementation (XERO) • Bookkeeping • Management accounts • Payroll • Annual financial statements • VAT compliance • Company secretarial Leading professional training and coaching company based in Ireland and South Africa. The company was initially looking to outsource its payroll and annual compliance work. ProfessionalTraining&CoachingCompany
  • 13. WWW.CROWLEYSDFK.IE In conjunction with our DFK USA colleagues and the clients lawyers, we: • Advised on the optimum corporate structure • Assisted with locating office space in Dublin for the client to purchase • Organised the taxes registration of the company and its non-resident employees in Ireland Working with the US based Group CFO, we now provide a range of outsourced services to include: • Payroll and management accounting services • Annual financial statements • Corporate tax compliance services 13 This New York based software development company, referred to us by a DFK USA firm, is an SME company with gross revenues of €50m. The company chose Ireland as its EU base to develop a new suite of software products. SoftwareDevelopmentCompany CaseStudies We were appointed as outsourced service providers for the Irish subsidiary of this company. Our initial work involved identifying, implementing and customising and a new accounting system (Sage 50). We also developed a streamlined process of transferring data from their specialised sales and order software into the accounting software on a monthly basis. We now provide our client with the following outsourcing solutions: • Bookkeeping • Management reporting (for the Irish company and the parent company) • VAT returns • INTRASTAT returns This German founded family business is a leading world-wide manufacturer of valves, automation components and other piping products. The company has over 27 subsidiaries worldwide. ManufacturerintheFieldofProcess MediaControl
  • 14. WWW.CROWLEYSDFK.IE Our fully outsourced finance function work includes: • Payroll • Bookkeeping • Management reporting • Preparation of statutory financial statements • Statutory audit • Consolidation reporting to parent company and parent company auditors • Tax compliance • Tax consultancy • Company secretarial 14 Our client is a subsidiary of a German company and is engaged in supply and installation of vehicle testing equipment. SpecialistsinVehicleTestingEquipment CaseStudies . We advised the client on: • The corporate structure • Share capital requirements • Requirements to avail of Ireland’s low corporate tax rate at 12.5% • Dividend payments and any withholding tax considerations Since forming the Irish entity and registering it for taxes, we provide the following outsourcing solutions: • Payroll • Management reporting • Preparation and audit of the financial statements • Filing the client’s corporation tax returns • Advice on ad-hoc tax and queries A fast growing North American media company wished to set-up a European operation to further its expansion. Working with our DFK colleagues, we discussed with the client the advantages of using Ireland as its EU base. MediaPublications Company
  • 15. WWW.CROWLEYSDFK.IE ‘Their attention to detail is phenomenal. They leave no stone unturned. I have no hesitation in recommending Crowleys DFK.’ ‘There is great comfort in working with Crowleys DFK. I can carry on with managing the business here in Ireland in the knowledge that all our accounting and financial processes are running efficiently and effectively. The people are professional and have a confident way of dealing with our team.’ – John Mallon, Managing Director, MAHA Ireland Ltd ‘The firm offers access to all our accounting requirements under one roof which is great. They also have a number of different people advising on each area. Our payroll is bimonthly and we have never had any issues with late payments. We recently had a payroll query in Italy. The firm was able to assist and referred us to one of their DFK colleagues. This international access is a significant strength and benefit to us.’ – Niamh Heaney, Finance Manager, Xanadu Consultancy Limited 15 What OurClientsSay ‘Crowleys DFK are our outsourced financial service partners. During the implementation of the finance outsourcing project, they demonstrated a wealth of knowledge in relation to SAGE and its applications, most notably WAP, which allowed us to transfer our electronic purchasing and expenses with no difficulty. They also provided comprehensive training to all staff. The new applications were embedded into the organisation in a very short period of time. They are very good at what they do. Their response time’s great - my mobile is always answered.’ - Head of Finance, Public Sector Body
  • 16. WWW.CROWLEYSDFK.IE 01 02 03 By having a dedicated team of experts we can ensure that we are always on-hand to answer crucial questions at the point when they are needed. Alwaysavailable At Crowleys DFK we have built our reputation on our ability to deliver professional services based on our promises. We will work closely with all of your key people to ensure we understand what you need to achieve from our relationship. This will then ensure we always deliver on our promises. Reputationthroughdelivery 16 We always deliver to our promises WhyWorkWithUs Subjectmatterexperts Our talented business outsourcing team have a proven track record of providing professional and tailored outsourcing solutions. The global reach of the DFK International network means that we can provide local market knowledge as well as financial advisory, compliance and strategic solutions all stages of your business lifecycle. Globalreach 04
  • 18. This publication is intended only as a general guide and should not be used as a substitute for professional advice. Directors: James O’Connor Tony Cooney Edward Murphy Colette Nagle Vincent Teo Siobhán O’Hea Crowleys DFK Unlimited Company trading as Crowleys DFK. Registered Office: 16/17 College Green, Dublin D02 V078. Company No. 393878 A member firm of DFK International a worldwide association of independent firms. Registered to carry on audit work and authorised to carry on investment business by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI. ContactUs +353 1 6790800 www.crowleysdfk.ie colette.nagle@crowleysdfk.ie https://twitter.com/CrowleysDFK https://www.linkedin.com/company/crowleys-dfk