Todays Opportunities - Operating Globally
Consultants . Accountants . Auditors . Advisors . Attorneys
“Think global, but act local” in an increasingly competitive Global-village, is your key ability to operate profitably in diverse geographic markets, and to shift operations flexibly between countries may be essential to the success of your business. But operating globally generates a wide variety of practical legal, operations, HR and finance issues; multinational companies must comply with host countries' laws on tax, pensions, business practices and human resources. A country's entrepreneur may be another's antitrust violator! the member firms of Ladlas Prince and alliances offer a complete range of audit and assurance, transactions/crisis management, performance improvement, tax and human resource services, tailored to your specific industry and need, wherever you may need them. We can help companies navigate the minutiae of statutory reporting and tax compliance, advise on the training and development of local staff, help forge cultural and political alliances in local communities, and create operational strategies to protect new market entrants from financial risk. It's all part of our commitment to helping you address your company's business challenges around the world. Assistances we can provide include:
Orchestrating outsourcing and shared service arrangements
The scale and complexity of outsourcing is also increasing. The earliest outsourcing contracts were long-term, one-to-one arrangements. Today, with e-connect, the trend is towards multi-sourcing, where a lead supplier functions as a contractor and orchestrates other suppliers or where a group of suppliers collaborates to provide a collection of services.
Procuring/providing materials, products, and services in this new Global-village
Reducing costs, increasing and reporting performance
Outsourcing may be an easy answer; in many industries, contracting out non-core business functions such as human resources, billing or payroll to third-party providers continue to gain acceptance. Some companies have even outsourced parts of their operating processes, but once you outsourced, it also exposes you to new forms of risk. For example, a company that outsources its payroll section will be exposed to data privacy risk on site and a remote site, but benefit from a business continuing stand point, if its location was to get hit by a disaster.
So whichever route you take, you must move with caution, and knowledgeable counsel. At Ladlas Prince, we have considerable experience in planning, implementing and evaluating cost reduction and cost containment. We can render formal recommendations on business and asset values for tax and accounting purposes, business transactions, and joint ventures; what we can provide professional services on include:
Here's something else to consider; investors today are on guard against reporting that may pass regulatory muster, but fails to provide a fully transparent view of a company’s health and prospects. Increasingly, investors also want companies to report on a broad set of non-financial measures, which, combined with financial reporting, might provide a better basis for judging their performance.
High quality reporting is too important to be determined solely by the shape of externally imposed regulation, and that’s why your company must foster a culture that views reporting transparency as a worthy exercise in itself, independent of rules and regulations. At Ladlas Prince, we know what it takes to meet both the high standards of today’s regulatory reporting requirements and the even higher expectations of your stakeholders. Wherever your company does business, we offer a wide range of services that will ensure that your corporate reporting is clear, complete and relevant, and they include:
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