Respond and set the foundation

Given the complexities associated with the business-as-usual close for your organization coupled with the challenges of conducting a virtual close, there is limited precedent into how a global pandemic such as COVID-19 will impact businesses across the market as they prepare to complete their first virtual close.

Not unlike other global crises, it is critically important to be prepared for COVID-19-related volatility and the likely impacts it will have on successfully preparing and executing the financial close process.

As always, our main objective remains the same: to provide you with the best quality of service. That is why we have developed this dedicated webpage, including key areas of focus, and information on how to plan, respond, and execute a virtual close.

Advisory & Consulting

• Scenario planning and forecasting
• Operational support
  
  • Operations excellence
  • Industrial relations and HR operational support
    
  • Operations Transformation
    
• Service reactivation
  
  • Operations excellence
• HR/new ways of working
  
  • HR Transformation (Global publication)
    
  • HR technology
    
  • Human Capital
    
• Project portfolio / priority review
  

Tax

• Analyze tax implications of group reorganization/relocation of activities post-COVID-19
• Revisit and adapt transfer pricing and intercompany transactions to the new operating model
  • OECD releases report on transfer pricing of financial transactions
  • Transfer pricing
  • Transfer Pricing Services in Luxembourg
    

• Launch/pursue digitalization of the tax function and design/validate a business continuity plan (BCP)
  
• Implement tax governance and control frameworks to enhance tax-related data and information collection and communication within the Group
  
  • InsideNOW - Tax governance – meeting the challenges ahead