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Financial Reporting System Enhancement for a World Leading Parking Management Company
We fully assessed the existing financial reporting system in China as well as the elements required for the global reporting system.
Client:
World Leading Parking Management Company
Action:
HGR Consulting was brought in to revamp and enhance the company's financial reporting system so that it was comprehensively synced with China Accounting Standards as well as International Financial Reporting Standards, and complied with the company's global reporting system to facilitate a smooth internal business reporting process.
Task/Facts:
The Australian headquartered Client had already entered China and had been managing car parks with each location manually accepting cash payments. This was labor-intensive with no accountability for the payments collected, and the company continuously ran into problems providing detailed and consolidated financial reports to headquarters.
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