Outsourcing solutions for an airline company

As a new airline our Client was looking for an outsourcing partner to support them right from the beginning with all accounting matters a new company with complex operations can expect. PS was engaged not just to design, set-up but also to assist in operating and continuously improving the Client’s accounting and management reporting processes as a long term business partner facilitating Client’s regional expansion.

Project details

20-12-2015

Accounting and Tax

Airlines

Accounting and tax compliance, statutory, IFRS reporting, consolidation

Description

As a basic concept the Client outsourced all its non-core functions including accounting.

Since its foundation PS provides them comprehensive accounting services in all countries where they have business entities. This meant 3 countries at the beginning and now we are serving 11 countries through our own offices and network partners. We provide statutory accounting and tax services in all countries according to the local rules and regulations whereas we provide on a monthly level IFRS based consolidated financial reporting package to the management to support their decision making.

Besides the daily work we assist them in the audit process, provide them advice on accounting matters, help in development of ERP system.

We are in very close daily connection with them and continuously seek how to improve our cooperation.

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