Controlling Services in China

Loyal • Objective• Reliable

The Issue

Your China entity is up and running, the first contracts with clients are signed and the number and frequency of financial transactions are substantial. Accounting and monthly reporting provide you with information on the performance of your business. Many studies of failed investments in China show that at this stage it is vital to install effective control structures to make sure the picture you are receiving from your China entity is clear and correct. But how can you guarantee you are receiving the right picture, plus all the information necessary for providing you with a solid foundation for making executive decisions? How can you protect your company against fraudulent activities, deliberate mismanagement and decisions based on incomplete or false financial information? After all, “Trust is good, control is better”.

The Solution: professional support through all stages of the investment

Fiducia’s consultants will help you keep a tight grip on your China data and ensure a consistent flow of sound executive financial information.

Controlling Set-up: In the first stage of your investment we will assist you in installing the necessary control system and procedures to prevent mismanagement or fraudulent behaviour, and provide you with a solid foundation of financial information.

Performance Controlling: By outsourcing the controlling function in your business to Fiducia, you ensure a clear and constantly updated picture of the performance of your China entity. Our consultants will evaluate the financial data provided by your reporting system, keep you updated on the fulfilment of strategic plans and provide you with early warning indicators in case of possible threats to your company.

Corporate Health Check-Up: In order to identify quickly and efficiently the strengths and weaknesses of your China entities, we tap into the insights and opinions readily available by running interactive workshops with your staff. This technique provides unfiltered feedback to senior management.

Your Benefits

• Ensuring a consistent flow of executive information and financial data
• Alignment of interests between headquarters and China business units
• Learning the real picture of your China operations
• Providing you with an independent and objective second opinion
• Qualitative and quantitative verification of financial data
• Keeping your company on the path to profit

Fiducia’s Experience

• Corporate Health Check-Up for a Chinese electronic components manufacturer
• Corporate Health Check-Up for a Dutch food-processing company
• Controlling set-up for a Dutch machinery manufacturer
• Internal audit for a German manufacturing joint venture
• Internal audit for a German software-trading Representative Office

Fiducia’s Competence

With our 22 years of experience of doing business in China, we have a strong understanding of the unique Chinese market, its culture and business practices. This is our key competitive advantage in successfully advising international companies in China and Hong Kong.
 

Fiducia Management Consultants is a member of Accountants Global Network International (AGN), an association of separate and independent accounting and consulting firms.