Sector: Manufacturing & Automotive
Conductix-Wampfler is a world leader in the design and manufacture of efficient energy and data transmission systems for all types of mobile equipment and machinery. They work with some of the world’s largest material handling, automation and mass transit customers.
They have a presence in more than 50 countries and needed a timesaving and streamlined tax compliance system to help its global business to fulfil the local accounting and tax requirements. The management team knew they needed professional support and advice to achieve this and called their contacts at Kreston Bansbach.
We analysed the scope of their international network to identify the precise range of services that would best suit their business – we looked at everything from tax advice to bookkeeping. We then put together an expert team to deliver everything they needed. A key member of this team was the senior manager in charge – he needed the international experience and gravitas to ensure the new financial system delivered globally.
Thomas Schlisske, Kreston Bansbach senior manager and team lead for Conductix-Wampfler, explained their role:
“We delivered a new system that was aimed at consolidating and rationalising their existing procedures including the involvement of professional advisors.”
The Bansbach team also aimed to deliver operational benefits to the business as a whole. Being able to put together a global team of experts that matched the international spread of Conductix-Wampfler was one of the main reasons for the project’s success and delivered practical results.
Kreston Bansbach understands that communication is essential to the success of any global project which is why the Kreston network is extremely well-placed to be able to deliver successful client projects. We know how to set up efficient reporting systems including tax so all the relevant information is shared with our clients. This means all local accounting and tax needs for Conductix-Wampfler’s offices were identified and addressed. And they continue to operate effectively thanks to continuous monitoring.
“The Kreston worldwide team really worked well together to help us create a tailored reporting and tax filing process for our finance team worldwide.”
CFO of Conductix-Wampfler