Business Process Solutions
Contact us today and let us show you the power of turnkey business process solutions, to help your business flourish.
Our team of knowledgeable individuals delivers the personalized attention and necessary agility to help your business find success through powerful business process solutions. Our firm takes the time to understand your business processes to implement best practices. We clearly outline our workflow process at the start of every new engagement, maintaining complete transparency throughout.
What we can offer you
CKH SOLUTION to reduce the procure-to-pay cycle:
- Centralize the AP process for the EMEA region into a center of expertise
- Standardize and document the workflow and its requirements for each entity/country Implementation of a chart of authority as part of SOX controls
- Improve communication with the requisitioner and procurement teams
- Scrubbing of master data to ensure the accuracy of vendor details and payment terms Identify opportunities for process automation
- Prioritization of invoice accrual over the approval process
- Automate approval workflows
- Optimize the utilization of vendor terms
- Power Bi dashboard to monitor invoices parked, processed, and overdue
CKH SOLUTION to significantly reduce the close schedule:
- Standardize and document the workflow and its requirements
- Eliminate data access and system dependencies
- Simplify time-consuming processes
- Automate intercompany consolidation, accrual journals and approval workflows
- Perform pre-close activities to ensure all balance sheet accounts can be reconciled and supported
- Develop, implement and monitor KPIs for accurate and complete workflows
- Task assignment by function and rotational team dynamic
- Post closure review
CKH SOLUTION to significantly improve the AR turnover ratio:
- Accurate data tagging and classification
- Data analyses using Power Bi, especially customer programs and other deductions
- Early warning detection, escalation to the account managers
- Clear communication lines within the FSS organization and Customer Services
- Deliberate focus on the Dunning run
- Risk management through SAP Runbook/Blackline
- Centralized team on EMEA time zone and language capability
CKH SOLUTION to ensure Compliance:
- In-country experts with knowledge of regulations and reporting requirements
- EMEA time-zone and language proficiency
- CPA Team leads with strong Financial Reporting and Tax background
- Process standardization and ongoing training
- SAP Scripting
- Concur and Ariba tax validation
In the age of digital commerce, navigating the dynamic world of sales and use tax is complex and can quickly become overwhelming. To keep your organization aligned with proper accounting of sales and use tax, CKH Group mitigates inefficiencies and provides value-added changes for the future.
Our dedicated, experienced team handles all aspects of the compliance process, from data accumulation and tax computation, to return preparation, filing and payment. Through a scalable process, we ensure your returns are prepared and reviewed by knowledgeable tax experts. We can also assist with:
- Handling of notices
- Tracking tax liability exposure
- Interstate taxation accountability
- Opening and closing of account registrations
- Audit defense support
- Voluntary disclosure agreements
- Action plan creation
Our firm strives to be a seamless extension of your tax department, taking the time to understand your business processes to implement best practices. We clearly outline our workflow process at the start of every new engagement, maintaining complete transparency throughout the entire process. Our mission is to assist in developing processes that streamline your tax oversight, minimize liabilities and control business operations.
Contact CKH Group today and rest assured your returns will be filed and paid in a timely manner, with the appropriate taxing authority.