Name: Torsten Stau
Title: Managing Director Non Food
Company: REWE Group
Company Website: https://www.rewe-group.com/en/
1. How has Fiducia supported you?
In 2012, REWE Group decided to carve out its operations from the previous buying cooperation. In preparation thereof, and since then, Fiducia’s Hong Kong and Shanghai teams provided cross-border support to REWE Far East during this important five-year period. They helped us manage our HK operations, set up our China WFOE and provided finance, accounting, and payroll services as we grew tenfold to a team of over 200 staff, enabling the local teams to focus on the main tasks of merchandising and QC.
2. What has been your highlight of working with Fiducia?
From the headquarter’s perspective it is crucial to know that your China subsidiary has the support of a trustworthy service provider who ensures compliance with a compatible work-style and culture. Looking back at specific projects, one highlight is the ERP system that Fiducia helped us implement, which was instrumental in driving operational efficiency. It allowed us to automate key controlling processes and gain access to new ways of analysing our financial data.
3. How have you benefited from Fiducia’s expertise?
Fiducia’s dedicated and experienced team has helped us ensure continuity in moments of change, including the onboarding of new managers and the switch to a new auditor. I can recommend Fiducia to any multinational looking for a trustworthy professional service provider who can guarantee a fully compliant, timely, and efficient realisation of your growth plans in China.