Established companies trust ADE with complex finance work

Direction

Porsche AG is the largest manufacturer with a long tradition of sports cars and the most successful automotive company in the world. ADE Professional Solutions provided management consulting and business process audit services.

Project Description

Business process audit, management consulting.

The Group business unit faced internal control difficulties in one of the significant business processes: cross-border dispatch and acceptance of spare parts. The client identified and registered significant shortages of spare parts due to unknown reasons.

The Consultant performed the following:

• Preparation of business process scheme AS IS;
• Identification of internal control weaknesses;
• Identification of reasons for shortage;
• Preparation and formalization of segregation of rules matrix;
• Formalization of TO BE process scheme including recommended internal controls.

Direction

Danish brewing corporation, second after Anheuser-Busch InBev in terms of key indicators. ADE Professional Solutions provided transfer pricing and tax consulting services.

Project Description

Transfer pricing services:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions
• Compliance notification of tax authorities;
• Consulting on IP transfer pricing issues;
• Preparation of inter-Group management services agreements and primary documents format within tax risks project management);
• TP methodological support.

Direction

Manufacturer of natural cosmetics. ADE Professional Solutions provided transfer pricing and tax consulting services.

Project Description

Transfer pricing and tax consulting services:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions;
• Compliance notification of tax authorities;
• Preparation of inter-Group management services agreements and primary documents format within tax risks project management);
• TP methodological support.

Direction

Manufacturer of sanitary fittings, faucets and accessories. ADE Professional Solutions provided transfer pricing and tax consulting services.

Project Description

Transfer pricing services:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions;
• Compliance notification of tax authorities;
• Consulting on IP transfer pricing issues;
• Preparation of inter-Group management services agreements and primary documents format within tax risks project management);
• TP methodological support.

Direction

The largest manufacturer of sportswear. ADE Professional Solutions assisted in the preparation of IFRS financial statements for the Group's subsidiary in Russia.

Project Description

• Preparation of financial statements in accordance with IFRS for the purposes of the shareholder;
• Fast closing procedures;
• Methodological support on accounting and reporting issues.

Direction

Zara is one of the world's largest fashion companies. It is part of the Inditex Group, one of the world's largest distribution groups. ADE Professional Solutions provided services on agreed audit procedures.

Project Description

Agreed audit procedures: the Client questioned the economic reasonableness of some operating expenses which were reimbursed by Zara to the external sub-contractor – renter.  

ADE Professional Solutions provided detailed analysis and audit of the operating expenses including compliance to the curtained signed agreements.

Also the Consultant recommended some improvements to the internal control system over billing business process.

The deliverables include cost cutting recommendations and decisions which were made by the Client.

On initiative of the Client the Project was made recurring (independent agreed upon procedures at the end of each reporting period).

Direction

Dealer of the Mazda Group of Companies in different regions.

Project Description

ADE Professional Solutions provided the following services:

• Complex project on synchronization of Japanese GAAP and IFRS accounting policies;
• Identification and assessment of differences between two types of accounting;
• Participation in the audit of the self-assessment procedures within SOX/JOX compliance (requirements to the listed companies);
• Preparation of detailed recommendations on the internal control procedures on some business processes;
• Assessment of KPI-system effectiveness.

Direction

A German brand of chocolate sold in many countries around the world. Each tile is in the shape of a square and is divided into 16, less often 4, 9 or 25 smaller squares. ADE Professional Solutions provided transfer pricing services.

Project Description

Transfer pricing services. 

The Project included:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions;
• Compliance notification of tax authorities;
• TP methodological support.

Direction

Leading developer and supplier of medical products in the fields of first aid, wound care, nosocomial infection (NOS) prevention, hygiene and disinfection, home nursing and home diagnostics. ADE Professional Solutions provided transfer pricing and tax consulting services.

Project Description

Transfer pricing services:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions;
• Compliance notification of tax authorities;
• Preparation of inter-Group management services agreements and primary documents format within tax risks project management);
• TP methodological support.

Direction

Merz is an international family-owned company with a 110-year history of success, whose core businesses are botulinum therapy and aesthetic medicine. ADE Professional Solutions provided transfer pricing and tax consulting services.

Project Description

Transfer pricing services:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions;
• Compliance notification of tax authorities;
• Preparation of inter-Group management services agreements and primary documents format within tax risks project management);
• TP methodological support.

Management consulting:

• Formalisation of IT business processes procedures;
• Customization of processes/procedures to the local regulation and business environment;
• Preparation of hierarchy of procedures, prioritization;
• Preparation of some business processes design.

Direction

Jewelry house.

ADE Professional Solutions provided services on preparation of IFRS financial statements for several reporting periods.

Also we provided methodological decisions on the new IFRS standards including rent accounting, financial instruments accounting and other complex issues.

The pre-automatisation diagnostics was made.

Project Description

IFRS reporting services.

Direction

Latvian electronic marketplace and application of the same name for buying goods from Asia and Europe, delivering them to more than 100 countries, including Russia. ADE Professional Solutions provided IFRS reporting, tax and management consulting services.

Project Description

Management consulting

• Preparation of business processes design (AS IS): Sales, Purchases, Logistics, IT support, Treasury, Accounting, Budgeting and other processes;
• Preparation of detail controls matrix for each business process;
• Testing of internal controls in significant business processes;
• Preparation of some regulatory group policies.

IFRS preparation services:

• First time adoption IFRS – first set of consolidated financial statements in accordance with IFRS;
• Quarterly IFRS reporting;
• Formalisation of the reporting process;
• Project on FAST Closing;
• Preparation of some significant reporting documents (Management, Discussion and Analysis).

Direction

Italian company in the fashion industry. ADE Professional Solutions provided IFRS accounting methodology services.

Project Description

IFRS preparation services:

• First time adoption IFRS – first set of consolidated financial statements in accordance with IFRS;
• Formalisation of the reporting process;
• Methodological support of some IFRS complex issues (rent accounting).

Direction

Leader in quality and technology in the construction of ropeways. The company has production sites, as well as sales and service branches in 50 countries. ADE Professional Solutions provided transfer pricing and tax consulting services.

Project Description

Management consulting

• Preparation of business processes design (AS IS): Sales, Purchases, Logistics, HR, Treasury, Accounting, Budgeting and other processes;
• Preparation of detail controls matrix for each business process;
• Testing of internal controls in significant business processes;
• Preparation of TO BE schemes;
• Recommendations on business organizational structure and optimization of some business units;
• Post-project audit;
• Preparation of KPI scheme on some roles within processes;
• Internal audit (from Group level) support.

Transfer pricing services:

• Preparation of TP local documentation in accordance with TP rules of some jurisdictions;
• Compliance notification of tax authorities;
• Consulting on IP transfer pricing issues;
• TP methodological support.

Direction

Russia's largest manufacturer of orthopedic mattresses and sleeping products. ADE Professional Solutions provided accounting services for IFRS.

Project Description

IFRS preparation services:

• First time adoption IFRS – first set of consolidated financial statements in accordance with IFRS;
• Formalisation of the reporting process;
• Methodological support of some IFRS complex issues (rent accounting).

Direction

The largest European hypermarket chain.

Project Description

ADE Professional Solutions provided management consulting services which included:

• Preparation of reporting function business process scheme;
• Identification of all information sources for management accounting;
• Identification of gaps/inconsistences between management and IFRS reporting;
• Analysis of management reporting disclosures format and availability of sufficient and reliable information for decision-process;
• Audit and diagnostics of existing internal controls within reporting function including walk-through testing;
• Preparation of internal control matrix;
• Recommendations on information flow, reporting integrity, internal controls and segregation of rules (compared with SOX/ACFE best practice);
• Staff audit (accounting function).

Direction

Gloria Jeans is a brand of first-class and affordable clothing for every family member. The company is a leader in the fast fashion segment in Russia. ADE Professional Solutions implemented a system for calculating the amendment according to IFRS 16 Lease on the cloud platform Anaplan at Gloria Jeans. The system allows you to take into account the various complex conditions of lease agreements and modifications of these agreements. The flexibility of the platform and the methodological developments of ADE Professional Solutions made it possible to reflect all the nuances of contracts when calculating the final amendment, as well as to conduct a detailed factor analysis of lease conditions for management purposes.

Project Description

The system for calculating the amendment to IFRS 16 Rent on the cloud platform Anaplan.

Direction

The Pony Express logistics company has implemented a profitability analysis system based on the domestic software platform Optimacros. The main functionality of the system is to distribute costs to revenue analysts for detailed profitability analysis.

On a monthly basis, cost data from the «1C: Accounting system», as well as data from the corporate data warehouse, are loaded into the distribution system. The basis is revenue in monetary and physi-cal terms (kg of cargo, number of consignment notes, etc), which are the drivers of distribution. Based on the loaded revenue data and the additional settings that were made, the system calculates a matrix (multidimensional cube) of distribution coefficients for the different revenue dimensions. Costs are allocated by applying the resulting allocations coefficients.

The results are transmitted on a monthly basis for subsequent analysis, reporting and use in manage-ment decision-making.

Project Description

The preparation of a methodology, automation on the Optimacros platform.

Additional Information

A description of the project is on the Pony Express website

The press release is on CNews

A description of the project is on TAdviser