Helping you thrive in new market paradigms. Achieving success in the consumer goods sector requires agility and ingenuity. Companies must navigate shifting consumer trends, pricing pressures and changing models. To achieve growth and maintain market share, businesses must adopt the right strategy and place an emphasis on flexibility and resilience. At Mazars, our consumer goods specialists can help you make sense of the new market paradigm. We can help you develop a strategy that is the right fit for you to ensure you thrive.

Our approach

Consumer goods companies operate in a challenging market, under constant pressure from geopolitical uncertainty, fierce competition, shifting consumer behaviours, technological changes, sustainability imperatives, increasing globalisation and transforming retail channels. The companies that are able to meet their customers’ demands often achieve this through heavy investment and optimal supply chain performance. 

Our consumer goods specialists provide sector-specific advice across audit, advisory and tax services to help you put your company in the strongest position possible. Your company’s success is your top priority, so we work hard to identify your needs and provide solutions that are the right fit for your business.

Our team of international experts work with clients of all sizes to provide valuable commercial insight. Our approach is pragmatic and personal, drawing on our extensive technical abilities to help you develop a strategy that aligns with your long-term objectives. Our audit, advisory and tax experts can help you to: 

Align your organisation with new market opportunities  

We can help you establish new businesses or move into emerging and growth markets. We ensure the success of your acquisitions and partnership projects or the disposal of non-strategic assets by providing financial advisory, legal and tax support, taking local specificities and regulations into account.

Optimise and secure your operations  

To improve and safeguard your operations, our team can support you in assessing the quality of providers and auditing third parties. We can help you to review contractual obligations, manage issues related to global sourcing and reinforce control over your distribution networks while preventing fraud. 

Boost your performance to create value  

It is vital to enhance your business’ competitiveness and relevance for consumers. We can help to reinforce brand identity and implement differentiation strategy, always bearing sustainability imperatives in mind. Our data analysts and technology experts can improve your digital performance through reliable technology and data management so you can predict sales, optimise logistics and gain consumer insights. Our sustainability experts can also help you drive meaningful change by incorporating environmental, social and governance (ESG) principles into your long-term strategy, bringing traceability on supply chains and creating value for your business.

Tailored solutions that support you from farm to fork. The food and beverage industry is fast-paced and constantly evolving. Customer demand, health requirements, environmental concerns and supply chain pressures are all front of mind for operators. At Mazars, we work closely with you to understand your reality. Our experts offer integrated services across audit, advisory and tax solutions so you can compete and grow.

Our approach

Companies in the food and beverage sector are seeking growth in a market that presents challenges at every turn: retailer consolidation, environmental concerns, shifting consumer expectations, health issues and supply chain management are just a few. Those that adopt an agile and proactive approach to responding to changes in the market will stand the best chance at meeting their objectives.

At Mazars, we support a wide range of clients in the industry. From small and medium enterprises to large cooperatives and corporations, national players to global brands, we work with companies in all aspects of food production. These include agricultural organisations, manufacturers, processors, packaging, importers, specialty products, ethnic foods, distributors, retailers, and restaurants.

Our specialists have the knowledge, experience, trust and independence to provide you with the advice and guidance you need to achieve growth and meet your strategic objectives.

We have the right ingredients to help you:

• Increase inventory turnover with better processes and controls
• Reduce spoilage
• Identify new products and customer bases
• Increase cash flow
• Make better business decisions based on cost models
• Secure your supply chain
• Our focus is on getting you to where you want to be as a business. Together, our team of professionals has decades of experience across a broad range of audit and tax compliance, transaction services and specialised financing services. When you choose us, you will have a single point of contact who will mobilise a tailor-made team that will find the right solutions for your strategic goals -- no matter where you are in the business lifecycle.

Our services

A partnership with us provides you with access to a wide range of audit, tax and advisory services, including:

• Accounting and audit
• Valuation services
• Management information systems
• Profit enhancement programmes and financing strategies
• Due diligence and other M&A services
• Strategic planning for future consolidation or exit strategies
• Tax advice and compliance
• Sustainability & Corporate Social Responsibility (CSR) services
• Business transformation

Tailored solutions for a customer-focused business. The hospitality and leisure sector contains a rich tapestry of companies covering restaurants, travel and tourism, gaming and sports. Operators face a challenging environment where economic conditions and consumer tastes are constantly changing due to digital disruption, globalisation and competition. Our focus is on providing you with the solutions you need for operational resilience to help you thrive.

Our approach

Operators know all too well the challenges that exist in the hospitality and leisure sector. In order to thrive, they must navigate multiple obstacles, such as uncertain economic conditions, the ebb and flow of consumer demand, new legislation and technological change. On top of this, geopolitical events and pandemics pose significant risks that can have damaging consequences.

At Mazars, our hospitality and leisure specialists understand the issues that face this sector today. Our experts have extensive experience and will work with you to help you quickly respond to the developments and demands of a highly competitive and dynamic industry.

We work with a wide range of clients small and large, including:

• Restaurants bars and food services companies
• Hotels including large and listed groups, independent establishments and small, medium-sized and boutique hotels
• Travel agencies
• Sports clubs and associations
• Gym operators including private companies managing private and public facilities as well as hotel leisure gyms
• Leisure parks and gaming  

Our team can provide you with the solutions you need to meet your long-term objectives. Each specialist takes pride in offering advice and guidance that not only helps you manage your organisation successfully, but also enables you to provide a high-quality customer experience. We adopt a pragmatic approach that ensures what we do is the right fit for your needs, whether it is to define your development strategy, find and secure investment, optimise your operations or restructure your business:

Define your strategy and align with market opportunities  

Having the right strategy is vital to your business. We can help you define and position your products and services to meet customer demand, assess the feasibility of your projects and financial return potential. Whether you are establishing new businesses in growth markets or to disposing of non-strategic assets, we can ensure your success by providing financial advisory, legal and tax support, taking local specificities and regulations into account.

Secure your investments  

Our experts can advise you on selecting investors and secure investment. We can also find the right financing solution for your projects, perform feasibility studies, evaluate assets, adapt the capital structure while helping you review contractual obligations.

Optimise your operations  

We can support you improve your processes and internal controls to prevent fraud. We implement reporting systems by the standard USALI. We optimise your treasury management and review HR policies while providing financial, tax and IT audits. Our data analysts and technology experts can enhance your digital performance through reliable technology and data management so you can gain consumer insights and protect customer data. We can also support you obtain national or international labels and our sustainability team can help you define and implement your CSR strategy.

A personal approach to positioning your business. Changing consumer behaviours, a drive towards sustainability and demands for ethical commerce are transforming the luxury goods sector. Not only are companies focusing on new generations of consumers, but they are also seeing growth in emerging markets. Mazars can help your business thrive in this changing world with tailored solutions ranging from audit and assurance to outsourcing, risk management and sustainability.

Our approach

The luxury industry is going through a transformation as it pivots towards a younger generation of consumers and burgeoning middle classes in emerging markets. Business models are shifting, environmental awareness and sustainability are becoming a priority for consumers, and operators are focusing on operational efficiency as well as an improved retail experience.

All of this means that your distribution footprint is evolving with digital tools and technologies revolutionising the consumer experience. You are placing a greater emphasis on growth opportunities in emerging markets and turning to younger consumers while also looking at how to best protect your brand.

At Mazars, we work with companies across the entire luxury ecosystem. Whether you are providing luxury goods or experiences, our team offers a wide range of audit, advisory, outsourcing and tax services to help you meet the challenges you face.

Protecting the value of your brand 

We can estimate the value of your brand in the event of a financial transaction or to meet accounting requirements, and also the brand image loss in case of fraudulent use of your brand or following impact from Covid-19.

Aligning your organisation with new market opportunities 

We can help you establish new businesses or move into emerging and growth markets. We ensure the success of your acquisitions and partnership projects or the disposal of non-strategic assets by providing financial advisory, legal and tax support, taking local specificities and regulations into account.

Securing your operations 

To safeguard your operations, our experts can assess the quality of your service providers, reinforce control over your distribution network, defend financial interests in the context of disputes or litigations and prevent fraud.

Outsourcing your processes 

Following a major project, such as the implementation of an ERP, reorganisation or a change in strategy, we can support your finance team by providing accountants, controllers, internal auditors or even CFOs on an interim basis.

Boosting your performance to create value 

It is vital to enhance your business’ competitiveness and relevance for consumers. We can support the development of your multichannel strategies and improve your digital performance through reliable technology and data management so you can predict sales, optimise logistics and gain consumer insights. Our experts can also help you drive meaningful change by incorporating environmental, social and governance (ESG) principles into your long-term strategy, bringing traceability on supply chains and creating value for your business.

We follow a pragmatic and personal approach that ensures everything we do is the right fit for your needs. You will have a single point of contact who will work closely with you every step of the way, drawing on the best of Mazars from across our international network.

The retail sector is experiencing a series of tectonic shifts. Changing consumer behaviours, emerging technologies and a globalised marketplace have all brought about major disruption while also improving shopping experience and endorsing multichannel retail. We have access to valuable local knowledge as we work both with large groups as well as with small, local retailers. Our experts are thus well-equipped to advise and guide you through a complex market with actionable insights and practical business solutions.

Our approach 

In the retail sector, several factors are driving a major upheaval, including the rise of e-commerce, sustainability, internationalism and new business models. Navigating the changes in the sector can be challenging for those that attempt it in isolation. To achieve success, companies must develop and implement effective strategies, manage change, adopt new technologies and focus on the right markets.

At Mazars, our team of dedicated retail professionals has leading experience in the sector and offer a complete range of services to meet your needs. Our international footprint not only gives us the advantage of a broader perspective of the industry, but also allows us to bring together sector specialists from across our firm to leverage their technical expertise.

We will work with you to understand the challenges you face and help you identify the right solutions for your long-term strategy. Our audit, advisory and tax experts can help you to: 

Align your organisation with new market opportunities  

Whether you are establishing new businesses, moving into emerging and growth markets, or disposing of non-strategic assets, we ensure the success of your acquisitions and partnership projects by providing financial advisory, legal and tax support, taking local specificities and regulations into account.

Optimise and secure your operations  

To improve and safeguard your operations, our team can support you in assessing the quality of providers and auditing third parties. We can help you review contractual obligations, monitor your franchisees by auditing stores, and reinforce control over your distribution networks while preventing fraud. 

Boost your performance to create value  

It is vital to enhance your business’ competitiveness and relevance for consumers. We can support the development of your multichannel strategies and improve your digital performance through reliable technology and data management so you can predict sales, optimise logistics and gain consumer insights. Our experts can also help you drive meaningful change by incorporating environmental, social and governance (ESG) principles into your long-term strategy, bringing traceability on supply chains and creating value for your business.  

Infrastructure is critical for economies and societies to grow and flourish. It helps businesses and people to connect and enables services crucial for healthy communities. However, infrastructure requirements are different globally with the developed world in need of urgent renewal and emerging markets in need of major expansion. We offer integrated infrastructure services tailored to our clients’ needs ranging from project advisory to financing and tax and accounting through to the asset lifecycle from pre-feasibility to decommissioning.

Our approach

At a global level, there is a significant drive for economic and social infrastructure. This worldwide build-out is driven by the needs of public authorities and is creating huge opportunities for private operators, investors, and owners. However, fresh thinking is important in a market where the risks are large and major challenges such as climate change are shaping the world in which we live.

Our global, integrated team has experience advising across the industry, from ports to hospitals combining industry expertise with specialised skills. When working with public authorities we deliver support to achieve value for money and transparency through effective procurement and financial analysis. For our private sector clients, we help maximise returns across the project lifecycle for developers, operators, owners and investors through strong, risk-aware financial management and tax optimisation.

Our global leading due diligence teams (model, tax and financial) provide you with independent assurance that your lending and investment decision is based on a sound and robust financial model.

The financial model is the foundation of all infrastructure development. Predicting future returns via modelling is a core competency. We believe that robust models unlock investment opportunities, facilitate efficient finance structures, and are essential for capital investment and M&A. We develop models using our externally recognised methodology providing client-friendly, accurate and transparent tools for decision making at all stages of the project lifecycle.

Big projects and complex arrangements define the sector and sometimes these do not go as planned. Our Forensic and Investigation Services team helps you to identify and quantify financial exposure through our dedicated commercial dispute resolution and investigation specialists. We support you throughout the process to achieve successful risk management and commercial resolution.

Digitalisation and data are driving innovation in the sector and are some of the most important assets in any organisation. We help you harness the power of your data to improve business performance and profit, support growth, manage risk and strengthen competitive advantage. We also help you protect data against cyberattacks and help ensure that organisations comply with data privacy laws and regulations.

The scale and longevity of infrastructure projects put our clients at the forefront of the increasing demands for responsible corporate citizenship. We have built leading expertise in fields such as environmental regulation and green accounting. We help companies to develop systems and governance frameworks to demonstrate their activities are sustainable. We help you to meet the requirements of regulators and consumers, support investment in sustainable projects and offer assurance your supply chains are also operating sustainably while benchmarking anti-corruption programmes.

What we offer:

• Financial model audit that applies rigorous quality control criteria when working on and assessing the robustness of any financial model.
• Financial modelling of projects using the Mazars modelling standard.
• A range of infrastructure advisory services from lead advisory to transaction support and bid advisory.
• Valuation services ranging from asset and portfolio valuations to acting as the valuation agent for listed funds.
• Bespoke training courses focused on financial modelling techniques, such as project finance, M&A, valuations and renewable energy.
• Infrastructure tax and accounting that offers informed opinions on both tax and accounting issues in your local jurisdiction and across borders.
• Financial management support from accounting, outsourcing, tax compliance and statutory audit from wherever you are operating.
• Consulting support to enhance your cyber security and to help you manage operational risks from construction through to operational and divestment phases.
• Consulting and support on developing systems, governance and reporting on sustainable infrastructure and finance activities.

The oil, gas and natural resources sector faces major uncertainty. Increased international competition, coupled with volatile commodity prices and uncertain demand mean operators must be resilient if they are to succeed. Our experts can help provide the clarity you need to get ahead in a challenging market.

Our approach

Price volatility, geopolitics, demand uncertainty and policy challenges to grow more sustainably are just four risks the extractives sector faces. Operational resilience and excellence are essential, ranging from active management of complex capital projects to tax, legal and regulatory compliance.

At Mazars, we believe a globalised industry needs global answers, and our oil, gas and natural resources team operates across five continents with a flexible, partnership approach. It allows detailed operational problems to be solved with bespoke industry expertise.

Our team has expertise across the entire project lifecycle, from prefeasibility to bankability and operational phases, including modelling the business case for accessing new reserves that reflect today’s extreme price volatility and on-the-ground help setting up subsidiaries. Our experts can also help with the management of complex capital projects.

Big projects and complex arrangements define the sector and sometimes these do not go as planned, our Forensic and Investigation Services team helps to identify and quantify financial exposure through our dedicated commercial dispute resolution and investigation specialists. We support you throughout the process to achieve successful risk management and commercial resolution.

We know how to optimise both the operational and financial performance of up-, mid- and downstream assets. This includes optimising corporate structures in the light of the OECD’s Base Erosion and Profit Shifting (BEPS) action plan and looking at external growth options such as strategic partnerships, M&A and disposal of non-essential assets.

We recognise that one of the most important assets in your organisation is data. By harnessing the power of your data, we improve business performance and profit, support growth, manage risk and strengthen competitive advantage. We protect your data against cyber-attacks and help ensure that you comply with data privacy laws and regulations.

We understand and welcome the increasing demands that the industry should be a responsible corporate citizen. We have built leading expertise in fields such as environmental regulation, green accounting, helping companies develop systems and governance frameworks to demonstrate their sustainability activities meet the requirements of regulators and consumers, while supporting investment in sustainable projects and benchmarking anti-corruption programmes. Tailored services to meet the challenges of a changing industry:

Support in financing and developing your projects 

• Buy and sell side transaction support including debt and equity raising, tax, financial and model due diligence
• Infrastructure finance
• International development and external growth: investment opportunity studies in the energy sector, support in driving integration projects, and financial, tax and legal support in establishing subsidiaries or businesses

Optimising your operations 

• Financial management: audit and accounting, financial engineering, alignment of costs in connection with the business strategy, financial modelling of investment projects
• Data and automation: improve the power of your data and protect it
• Risk management: adjusting the level of investment in accordance with industrial risks, internal control, risk mapping, identification and prevention of fraud risks
• Operational management: industrial asset optimisation, global optimisation of the supply chain, maintenance strategy for industrial sites

Helping you transition towards new energies 

• ESG audits
• Optimisation of carbon strategy
• Consulting support on all aspects of developing sustainable infrastructure and accessing sustainable finance

Net zero and decarbonisation commitments from governments, development of electric vehicle infrastructure, SMART grids, decommissioning of coal-fired assets, grid stability delivery and greater environmental pressure have all forced utilities to make major operational and infrastructural changes and will continue to do so. Globally, capacity must increase quickly to meet tomorrow’s energy demands, while doing so in a sustainable and resilient way. Our team brings global energy markets expertise and our knowledge of local regulations ensures you can effectively navigate multiple markets. We provide tailored audit and advisory services so you can effectively meet the energy needs of the future.

Our approach

New energy sources coupled with transformative technology are changing the face of the power and utilities sector. The rise of renewables, increased demand from developing economies, decentralisation of grids and production, technological change and digitalisation are all front of mind for energy developers, utilities and investors.

At Mazars, our focus is on providing you with the solutions you need to meet your business objectives and achieve growth in a competitive market.

Our integrated global structure, mixing industry expertise with specialists in areas such as audit, tax and financial advisory services, means we can deliver sound advice throughout the energy value chain, from extraction through distribution to final consumer.

We understand and support the move to renewables and understand the ways in which it is driving change throughout the industry. Our specialist renewables teams can offer unique insights into this.

Our team has extensive experience helping maximise returns for utilities, IPPs and investors, helping with operational and financial efficiency, including outsourcing and data analytics. We have particular expertise in modelling, a tool needed throughout a project’s life from feasibility to valuation for sell-off. We also have a focus on economic, social, and governance (ESG) issues such as green accounting and audits.

Decades of consolidation means a small number of multinational players now deliver services to millions. Our cross-border structure means we can support these firms both at home and abroad, while still retaining on-the-ground knowledge which is vital in an industry in which national regulation often drives returns.

Tailored services to meet the challenges of a changing industry:

Support in financing and developing your projects 

• Deal advisory
• Infrastructure finance
• International development and external growth: investment opportunity studies in the energy sector, support in driving integration projects, and financial, tax and legal support in establishing subsidiaries or businesses

Optimising your operations 

• Financial management: audit and accounting, financial engineering, alignment of costs in connection with the business strategy, financial modelling of investment projects
• Data and automation: improve the power of your data and protect it
• Risk management: adjusting the level of investment in accordance with industrial risks, internal control, risk mapping, identification and prevention of fraud risks
• Operational management: industrial asset optimisation, global optimisation of the supply chain, maintenance strategy for industrial sites

Helping you transition towards new energies 

• ESG audits
• Optimisation of carbon strategy
• Consulting support on all aspects of developing sustainable infrastructure and accessing sustainable finance
• Submit RFP

Renewable energy driven by decarbonisation policy, decentralisation and digitalisation is transforming energy production globally. The continuous rapid revolution in technologies and costs, shifting regulatory requirements and power price volatility are all front of mind for stakeholders in this sector. We offer an integrated team of specialists to provide you with the guidance you need to secure financing and seize new growth opportunities in this market.

Our approach

Bringing sector intelligence coupled with specialist technical skills helps us support our clients operating in this sector meet the challenges of this complex environment, to address key concerns such as:

• Finance new developments and projects
• Finding growth opportunities and expanding around the world
• Increase asset resilience and cyber security
• Improve efficiency and operating performance

At Mazars, we have a strategic focus in reducing risk when working with clients in this sector. For example, we have extensive experience in financial modelling across all the major renewable sectors of onshore and offshore wind, solar, biomass and waste.

Allied to our modelling capabilities, we are the global leader in providing independent assurance though our model audit service line to investors, owners and funders creating confidence to do deals across the globe.

A robust, reliable model allows project planning to proceed with confidence. Our worldwide renewables team can then leverage our expertise in tax, accounting, and operations to solve critical challenges including raising project debt and equity finance, managing tax, grants and depreciation allowances, and can create benchmarks around both operational and ESG factors.

As assets mature and regulations evolve, there may be a need for operational fine-tuning or new corporate structures. There may be opportunities for external solutions such as M&A or disposal of non-core projects. Our team has a long track record of supporting developers, owners and investors buying and selling assets to maximise value and mitigate risk.

With asset prices rising, yields are under pressure as soon as a transaction is complete. We work with our clients to support them in the operations phase to immediately integrate new projects, and provide ongoing support for operational efficiency throughout their portfolios through AOS, tax compliance and statutory audit support.

With increasing regulatory pressure and demand from customers and supply chains to provide sustainability information, we also help clients to build frameworks and governance processes to verify and assure the narrative reporting on their sustainability activities.

Our services

Support in financing and developing your projects 

• Buy and sell side transaction support including debt and equity raising, tax, financial and model due diligence
• Infrastructure finance
• Structuring international development and external growth: investment opportunity studies in the energy sector, support in driving integration projects, financial, tax and legal support in establishing subsidiaries or businesses

Optimising your operations 

• Financial management: audit and accounting, financial engineering, alignment of costs in connection with the business strategy, financial modelling of investment projects
• Data and automation: improve the power of your data and protect it
• Risk management: adjusting the level of investment in accordance with industrial risks, internal control, risk mapping, identification and prevention of fraud risks
• Operational management: industrial asset optimisation, global optimisation of the supply chain, maintenance strategy for industrial sites

Helping you build a more sustainable business 

• ESG audits
• Optimisation of carbon strategy
• Consulting support on all aspects of developing sustainable infrastructure and accessing sustainable finance

The water and waste sector impacts everyone. Water is a precious resource that requires significant investment in infrastructure, quality assurance and operational excellence to ensure success, while waste management is a critical societal service. We offer business-critical services to this sector, including audit and tax, risk management and sustainability solutions, to help the water and waste community meet growing global needs.

Our approach

The water and waste sector touches each and every person’s life. Water is our most critical resource and, with global population on the rise, the demand for water will soar while supplies become regionally scarcer. The water sector faces major challenges, including climate change risk, population growth, concerns about contamination and capacity concerns. Likewise, with waste – as economic consumption grows, so does waste. Today, waste management is a fundamental challenge for our planet.

At Mazars, we aim to be an active stakeholder in the global water and waste community, advancing sustainable solutions and innovating to meet market challenges. Our assistance focuses on the five key challenges we see for the industry: investment, compliance, financing strategy, operational excellence, and sustainability.

For operational issues, we draw upon our cutting-edge data analytics skills. Data analytics allows unprecedented insight into operations such as demand forecasting and bacteriological quality management; used correctly, these insights can drive asset efficiency and improve operating margins. We also use insights from internal and external data – such as meteorological data – to drive efficiency and help prepare for the climate challenge.

For financial issues, both operators and investors benefit from our global network of tax, accounting, legal and modelling experts with specialist water and waste experience. With financial returns compressed for investors in the low-interest environment, efficient structures are vital.

Our services

Support in financing and developing your projects

• Deal advisory
• Infrastructure finance
• International development and external growth: investment opportunity studies in the water and waste sector, support in driving integration projects, financial, tax and legal support in establishing subsidiaries or businesses

Optimising your operations

• Financial management: audit and accounting, financial engineering, alignment of costs in connection with the business strategy, financial modelling of investment projects
• Data and automation: improve the power of your data and protect it
• Risk management: adjusting the level of investment in accordance with industrial risks, internal control, risk mapping, identification and prevention of fraud risks
• Operational management: industrial asset optimisation, global optimisation of the supply chain, maintenance strategy for industrial sites

Helping you build a more sustainable business

• ESG audits
• Optimisation of carbon strategy
• Consulting support on all aspects of developing sustainable infrastructure and accessing sustainable finance

In recent years, the asset management industry has been subject to an increasingly complex regulatory environment. New regulations have put cost, risk management and stakeholder expectations in the spotlight. We offer tools to help you thrive in a complex sector and solutions that are the right fit for you and for society at large.

Our approach

Asset managers are facing tighter regulations, rising costs of compliance and a greater focus on risk management. At the same time, client expectations for new products and sustainable investment solutions are increasing and digital disruption is accelerating the move away from legacy systems. This is forcing firms to embrace newer technologies and transform their business models.

Against this backdrop, asset managers are seeking solutions that can help them preserve their business and remain competitive in a crowded market. At Mazars, we have an integrated cross-border approach to providing your asset management business with a range of specialist professional services both for regulated and unregulated structures.

Our global network means that we can apply our asset management expertise and regulatory credentials to your business value chain. We have local and international teams that can provide you with tailored solutions that meet your business requirements and help you to achieve your long-term objectives.

We work with clients of all sizes to provide audit, tax, and advisory services that are designed specifically for investment managers and their unique business requirements. At all times, our focus is on delivering the right solutions for the right purpose so that you can generate long-term value for your stakeholders and customers.

Our services

Our range of personalised asset management services span:

• Strategy
• Audit and assurance services
• Governance, risk and internal control
• Valuation and quantitative solutions
• Tax services, including tax reporting for funds
• Regulated services for funds
• Financial reporting advisory
• Funds and asset management transactional advisory
• Risk management for alternative investment funds
• Internal audit services
• ISAE 3402 reports

The banking sector faces significant regulatory challenges, technological disruption and shifting consumer habits. In a very uncertain and volatile economic environment and with sustainable finance gaining prominence as banks and regulators develop new ideas, adapting business models and embracing disruption is key. Our integrated team of banking & capital markets specialists can provide you with the vision and guidance to navigate a fluctuating landscape.

Our approach

Disruption and regulatory change are well established themes in the banking sector. Add to this rising cost pressures, changing consumer behaviours and new political and economic challenges, and there is no shortage of risks and opportunities facing the industry. As the market changes, it is critical that banks are equipped with the tools to recalibrate their business and operating models, meet the demands of a complex regulatory environment, and place sustainability at the heart of what they do.

At Mazars, our banking & capital markets team features former regulators, industry executives and senior professionals who offer deep insights into the industry. We understand the complicated web of regulatory, economic and political changes affecting financial institutions, and offer advice and solutions that lead to robust decisions.

Our clients include some of the largest banks in the world and we work with the entire value chain of the industry. With banking and capital markets specialists around the world, we offer local market experience working with a single integrated platform that ensures the guidance you receive from us is the right fit for your business objectives.

When you partner with us, we can offer guidance on:

Regulatory reforms and issues

Globalisation, new technologies, business and operating model changes

Combining, restructuring, monitoring in a complex environment.

Our team comprises banking and capital markets experts who have the global, regional, local and regulatory knowledge and technical expertise to deliver a broad range of solutions in a truly integrated fashion. We work in a collaborative way that brings together our multidisciplinary team across geographies and an array of specialisms.

Our dedicated banking & capital markets service covers:

• Audit and assurance
• Regulation and compliance
• Risk management
• Restructuring
• Forensics and litigation
• Finance and operational effectiveness

The insurance sector is witnessing rapid change. The biggest challenge facing the industry is to manage the uncertainty and risk that accompanies this disruption. Technological change, a shifting regulatory landscape and an uncertain economic backdrop are all changing consumers expectations. At Mazars, we provide insurers with audit, tax and advisory solutions that help turn these challenges into a prosperous future.

Our approach

Insurance companies face multiple factors that are changing the dynamics of the industry and making it a more complex sector in which to operate. Technological transformation, tighter regulations, and political and economic upheaval all must be navigated carefully, all the while managing the shift in consumer expectations and behaviours.

Here at Forvis Mazars, we have a long track record in the insurance market and our credentials give us a wide view of the disruption in the insurance industry. We offer you a full range of solutions to serve auditing and business advisory needs. Our business model combines international scope with the service levels you would expect from an individual business partner to provide tailored services, whether to brokers and intermediaries, life and general and corporate insurers, or to those businesses within the reinsurance market.

We work with and are trusted by global insurance players, regional and local insurers, as well as regulators and supervisory authorities. When you partner with us, you will always have a single point of contact who will provide you with the best of what Mazars can offer, pulling together the right specialists and solutions from across the business to suit your strategy and objectives.

Our team comprises experts in insurance who have the global, regional, local and regulatory knowledge and technical expertise to deliver client service excellence seamlessly. We work on a single integrated service platform to bring together our multi-disciplinary team across a range of specialisms. The actuarial dimension is fully embedded in our teams so that we are particularly efficient to support you in facing the regulatory challenges of the Industry.

Our services

• Audit and assurance
• Actuarial and risk management
• Consulting
• Financial advisory
• Accounting and outsourcing
• Tax

Health systems around the world are seeking to deliver better patient outcomes against a backdrop of financial pressures and challenging performance targets. This means many providers are asking how they can deliver better patient-centered care while also improving efficiencies and work conditions for the medical and social care staff. We offer a suite of advisory, audit and tax services to help you reach your organisational and strategic objectives.

Our approach 

Whether the aim is to care or to cure, every provider has its own set of priorities and challenges. In a competitive market where economic and political forces shape the way services are provided and accessed, operators must ensure their business models are aligned with their future objectives and values. This is particularly important given the change in the patient profile due to the epidemiological shift, technological advancements, disruptive market entrants, new business models and demand for greater transparency which are all placing providers under pressure.

At Forvis Mazars, we are committed to providing the healthcare sector with advice, guidance and solutions that drive informed decisions and lead to successful outcomes. Because we work at every level of health and social care governance, our in-depth expertise allows us to deliver a tailored response to our clients in the private and public sectors.

Our clients include national, regional and local authorities, public or private health institutions and patients’ organisations seeking accountancy advice and support for strategic or operational transformation.

Our team consists of specialist medical accountants and multidisciplinary advisers who understand the healthcare sector and the unique challenges that you face. By taking a collaborative approach, we work together as one team in an integrated fashion, pulling together the necessary experts from across the Mazars network to ensure you receive the right advice and guidance for your objectives.

Our services

We provide health and social care with:

• Strategic assistance such as market expansion strategies, transactions, strategic planning, healthcare pathways and system optimisation​
• Operational & financial performance improvement such as financial and organisational audit and restructuring, risk mapping, process optimisation, change management, financial modeling, executive and staff training.
• IT consulting such as strategic information technology planning, IT audit, analytics and business intelligence, cybersecurity.
• Regulatory compliance such as survey and audit readiness assessments, policy, procedure and programmatic development and evaluation

Pharmaceutical and life sciences companies operate in a sector where regulation, pricing pressures and the push for breakthroughs all shape business models. At every moment, the focus is on delivering better outcomes while remaining profitable. We help companies navigate the complexity and allocate resources so they can focus on scientific discoveries.

Our approach

Life sciences companies have always placed a priority on innovation and scientific breakthroughs. But they must also grapple with other competitive forces, such as technological advancements, disruptive market entrants, and transforming business models. Along with this, they are seeking answers to key challenges for healthcare services around the world, such as ageing populations, chronic diseases and the risk of future pandemics.

At Forvis Mazars, we work with companies in the pharmaceuticals & life sciences industry to navigate disruption, effectively allocate resources and forge new relationships that drive long-term value and lead to positive outcomes for society. When you partner with us, you benefit from guidance and advice that is tailored for your situation. From start-ups in the biotechnology sector to multinational pharmaceutical companies, our focus is on putting in place a multi-disciplinary team that is the right fit for your needs.

As a company with an international footprint and specialists based around the world, we offer a global perspective and the breadth of experience needed to empower informed decision-making. You may be seeking to streamline your operations, undergo a technological transformation or restructure to compete with disruptive market entrants. No matter your circumstances, we can offer you the insight and expertise to improve your competitiveness and drive long-term growth.

Our services

We help you achieve operational excellence through our capabilities in:

• Strategy and operations such as strategy development and transformation, merger and acquisition, due diligence, project management​, business process improvement and automation, training and facilitation
• Regulatory compliance such as assessments and compliance remediation, regulatory inspection preparation support, clinical site, vendor and trial master file audits, quality programme and quality management system development
• Technology enablement such as IT assessment, strategy, architecture, design and implementation, technology evaluation and selection, cloud strategy and migration, data analytics.
• Risk management such as Enterprise Risk Management assessment and programme development​, cyber security and data privacy assessment, strategy, implementation and managed Services​, organisational resilience planning​
• Accounting, tax and advisory

At Forvis Mazars, our years of experience in the pharmaceutical and life sciences industries means we are well placed to respond to the challenges our clients face.

Aerospace and defence companies face unprecedented disruption on multiple fronts. To remain at the forefront of innovation and develop technologies for the future, companies in this sector must embark on a transformative journey. Our experts provide solutions to help you rethink your business strategy, navigate digitisation, and improve your operations.

Our approach

Aerospace and defence is one of the most dynamic and transformative industries. As a truly global market, it spans commercial aviation and advanced defence and security systems, where suppliers and operators constantly face intense financial pressure and customer demand.

At Forvis Mazars, we offer specific skills and tailor-made solutions to help you improve your performance and reach your targets. We have proven experience in the aeronautics, space and defence sectors, where we work with manufacturers, suppliers and MRO companies of all sizes, as well as industry organisations and ministries and departments of defence worldwide. When we work with you, we bring together experts from across our international network to provide advice and guidance that secures your future competitiveness.

Offering a range of audit, tax and advisory services, we have the solutions to help you meet the challenges you face:

Financing and securing your supply chain

Our experts work with you to secure programme and infrastructure financing, optimise and secure your global supply chain, and deploy new financing solutions such as reverse factoring.

Seizing market opportunities and enhancing your market presence

We can help you establish new businesses or move into emerging and growth markets, identify new product range, and ensure the success of your acquisitions and partnership projects.

Securing and optimising your operations

It is vital that your business is robust. We can work with you to digitalise your operations and harness data to improve productivity. We can also review your investment projects, put in place internal controls and risk management procedures, and conduct reviews to improve decision-making and fraud prevention.

The food and beverage industry is fast-paced and constantly evolving. Customer demand, health requirements, environmental concerns and supply chain pressures are all front of mind for operators. At Mazars, we work closely with you to understand your reality. Our experts offer integrated services across audit, advisory and tax solutions so you can compete and grow.

Our approac

Companies in the food and beverage sector are seeking growth in a market that presents challenges at every turn: retailer consolidation, environmental concerns, shifting consumer expectations, health issues and supply chain management are just a few. Those that adopt an agile and proactive approach to responding to changes in the market will stand the best chance at meeting their objectives.

At Forvis Mazars, we support a wide range of clients in the industry. From small and medium enterprises to large cooperatives and corporations, national players to global brands, we work with companies in all aspects of food production. These include agricultural organisations, manufacturers, processors, packaging, importers, specialty products, ethnic foods, distributors, retailers, and restaurants.

Our specialists have the knowledge, experience, trust and independence to provide you with the advice and guidance you need to achieve growth and meet your strategic objectives.

We have the right ingredients to help you:

• Increase inventory turnover with better processes and controls
• Reduce spoilage
• Identify new products and customer bases
• Increase cash flow
• Make better business decisions based on cost models
• Secure your supply chain
• Our focus is on getting you to where you want to be as a business. Together, our team of professionals has decades of experience across a broad range of audit and tax compliance, transaction services and specialised financing services. When you choose us, you will have a single point of contact who will mobilise a tailor-made team that will find the right solutions for your strategic goals -- no matter where you are in the business lifecycle.

Our services

A partnership with us provides you with access to a wide range of audit, tax and advisory services, including:

• Accounting and audit
• Valuation services
• Management information systems
• Profit enhancement programmes and financing strategies
• Due diligence and other M&A services
• Strategic planning for future consolidation or exit strategies
• Tax advice and compliance
• Sustainability & Corporate Social Responsibility (CSR) services
• Business transformation

At a global level, the automotive industry is experiencing a period of profound transformation. The drive for more efficient vehicles and new sources of energy are changing the industry landscape while digital technologies, shifting consumer behaviours and newfound supply chain vulnerability are disrupting traditional business models. We support automotive OEMs, equipment suppliers and dealers with tailor-made solutions to help them reinvent themselves and grow in this new world of mobility.

Our approach

The automotive industry is in a constant state of evolution. Regulatory change, technological innovation and economic upheaval continually shape and transform the sector. Mobility service providers and emerging start-ups are disrupting the sector. As the industry reinvents itself in response to demands for cleaner and more efficient vehicles, operators must find ways to become more efficient, resilient and robust in the face of competitive forces.

Our automotive specialists work with manufacturers, suppliers and distributors to improve performance, fuel growth and implement practical solutions for the challenges they face. Our capabilities combined with our deep knowledge of the automotive industry make us an ideal partner as you seek to secure your future and drive sustainable growth.

As an operator in this industry, you are likely concerned about:

Seizing market opportunities and enhancing your market presence

We can help you establish new businesses or move into emerging and growth markets, identify new product range, and ensure the success of your acquisitions and partnership projects.

Securing and optimising your operations

It is vital that your business is robust. We can work with you to digitalise your operations and harness data to improve productivity. We can also review your investment projects, put in place internal controls and risk management procedures, conduct reviews to improve decision-making and fraud prevention and implement a green strategy.

Financing and securing your supply chain

Our experts work with you to secure programme and infrastructure financing, optimise and secure your global supply chain, and deploy new financing solutions such as reverse factoring.

When you partner with us, you benefit from a team with multidisciplinary expertise in audit, advisory and tax that has been mobilised specifically to support your needs and overcome these challenges.

At all times, our commitment is to bring you the best of what Mazars has to offer so that you can secure your future and create value for stakeholders.

Today’s chemicals and materials companies are navigating a host of regulatory and environmental challenges, as well as economic uncertainties. From digitalising operations to sustainable R&D as well as optimising plant operation, our audit, financial advisory and consulting solutions help you safeguard assets and overcome barriers in the sector.

Our approach

The chemicals and materials industry is truly global in nature. But a global industry also faces multiple challenges ranging from new energy, safety, and environmental focusses to supply chain disruptions, a shifting labour market and new technologies, as well as multiple economic and political uncertainties.

Forvis Mazars has specialist teams that understand your business and offer an array of services that include audit, financial advisory services, consulting, tax and regulatory and compliance advice.

With the shale gas boom in the US, the rise of the chemical market in China and mining operations being scrutinised with a greater focus being placed on sustainability and supply chains, we understand that your sector is experiencing considerable change. As a result, you may have several priorities for your business, including:

• Safeguarding assets
• Producing timely, relevant financial information
• Creating a tax-efficient corporate structure

When you partner with us, we treat your challenges as our own. We have in-depth knowledge of the issues you face and provide advice and guidance that is tailored to your specific needs.

Our services include:

Financing and securing your supply chain 

Our experts work with you to secure programme and infrastructure financing, optimise and secure your global supply chain, and deploy new financing solutions such as reverse factoring.

Seizing market opportunities and enhancing your market presence 

We can help you establish new businesses or move into emerging and growth markets, identify new product range, and ensure the success of your acquisitions and partnership projects.

Securing and optimising your operations 

Your business must be robust. We can work with you to implement and optimise an anti-corruption policy, review your investment projects, put in place internal controls and risk management procedures, and conduct reviews to improve decision-making and fraud prevention.

Governments around the world are responsible for managing an array of departments and services. With tightening budgets and growing expectations from services, effective management is essential. We are committed to helping governments better manage services, execute programmes effectively and transform their operations. We drive excellence in service delivery through innovation and partnership to ensure the public sector benefits all stakeholders and society at large.

Our approach

The public sector plays a critical role in society, providing everything from infrastructure and health services to education and community programmes. Whether you are a local government, central government, or a public body, you will likely face high demand for your services, growing expectations from service delivery and constrained resources.

At Forvis Mazars, we support the public sector by providing solutions and services that help you meet the challenges you face. We understand the role you play and what you are trying to achieve. We are committed to providing you with the insight and innovation that helps you make informed decisions and deliver on your objectives.

We pride ourselves on offering a different view to the advice we provide to you. Whether you are a local government seeking options for capital funding, a central government requiring auditing services, or a non-departmental government body or health authority seeking to create operational efficiencies, we aim to provide you with strategies and solutions that exceed your expectations.

Our services

With our team of public service specialists, we provide local governments, central governments and health authorities with a range of services, including:

• Internal and external audit
• Risk management
• Management consulting
• Technology management
• Programme and project management
• Anti-fraud and corruption
• Government advisory
• Grants assurance

Charities and not-for-profits play a vital role in our economy and society. However, they often face financial pressures due to changing demographics, fluctuating philanthropic support and regulatory pressures. We help not-for-profit organisations maintain their tax-exempt status, as well as provide a range of audit, tax, and advisory services to secure their operational continuity. We understand that every organisation has different requirements, so we ensure that our solutions are the right fit for your needs.

Our approach

We understand the role that not-for-profit organisations and associations play in society. That is why it is important that you receive the right advice and guidance so you can maintain your tax reliefs and exemptions, as well as secure income streams and achieve operational efficiency to secure your future.

At Forvis Mazars, our not-for-profit group is a team of experienced professionals who are experienced with the unique challenges you face. Offering a range of audit, tax and advisory services, we are committed to helping you overcome the obstacles you face and to developing a robust and sustainable operating model.

The not-for-profit sector is defined by its diversity, which means every organisation has specific requirements. We work with a broad spectrum of not-for-profit groups, such as charities, educational institutions, housing associations, religious organisations, health care providers and private foundations. You may be a small, neighbourhood not for profit or a large, complex organisation. Regardless of size, we can provide you with solutions that are the right fit for your circumstances, rather than provide you with a one-size-fits-all approach.

Our services

Our services for the not-for-profit sector include:

• Audit and accounting
• Tax planning and compliance
• Business operations
• Financial advisory
• Risk and internal control
• Technology assurance
• HR consulting

The construction industry is a vital component of the global economy, supporting the creation of the places where we live and work, as well as the infrastructure that joins cities together. But it faces challenges from labour shortages, economic uncertainties, and sustainability concerns. We offer a range of audit, advisory and tax services to help you secure your market position.

Our approach 

Companies in the construction sector span multiple markets and geographies, covering a wide range of projects. The industry is frequently volatile, with economic pressures, funding issues, sustainability concerns and labour matters front of mind.

At Forvis Mazars, our construction services group has the professional experience and industry knowledge to meet the needs of companies in the construction sector. Working with companies of all sizes in the residential property, commercial property, hotels and development sites, our team helps clients navigate the numerous challenges in this sector. These include: low sale ability, unoccupied property, refinancing problems and consequent downward valuation of property.

We understand the special needs of contractors. Given the complex nature of your projects, we appreciate the desire to ensure control over your projects and secure your supply chain. 

We can help you establish new businesses or move into emerging and growth markets. Our tailored approach helps to ensure the success of your acquisitions and partnership projects. We can optimise your administrative and accounting procedures, analyse your economic and financial performance and help you manage your projects through operational budgetary control and tax advice. Our experts can also help you drive meaningful change by incorporating environmental, social and governance (ESG) principles into your long-term strategy. 

Our services

We are committed to providing a comprehensive range of services to the construction sector, including:

• Construction project monitoring
• Construction budget analysis
• Preparation of audit, review or compiled financial statements
• Cash flow projections and analysis of internal control and reporting​
• Financial and tax advisory
• Independent business plan review
• Business restructuring
• Feasibility studies
• Raising capital 
• Advising on tax efficient structures
• IT advisory
• CSR consulting

The real estate sector is experiencing a major shift in the wake of the pandemic. As cities and communities transform and societal behaviour evolves, so too does the way people use and manage property. Our professionals understand the dynamic nature of the market and provide tailored audit, advisory and tax services to support your ambitions.

Our approach

Real estate is a complex and varied market. When planning a real estate strategy, industry professionals face a wide range of risk factors and hurdles that must be taken into account, such as operational and financial performance, regulatory compliance and technological developments. Along with this, property managers must also be aware of environmental impacts and risks caused by climate change.

At Forvis Mazars, our dedicated team provides you with practical insights and solutions for developing and managing real estate. We work with owners, operators, users, and managers of a wide variety of real estate entities providing audit, advisory and tax services from the development stage to the operating cycle through your exit strategy. 

Our experts create tailor-made solutions that are specifically designed to meet your needs, offering a personal touch and local market knowledge. We can help you optimise your financial performance and strengthen your internal controls to achieve better operational efficiency. We can ensure your tax and regulatory compliance, support your transactions and improve your strategy, taking advantage of innovation and technology.

Our services

• Audit
• Real estate advisory
• Tax advice and structuring
• Risk management 
• Financial advisory
• Real estate law 

Real estate is an attractive asset class for investors. In addition to the potential for steady, long-term growth, it also offers diversification benefits. Our specialists work with investors and asset managers to identify the right opportunities in a market where navigating regulation, taxation and location is essential for successful outcomes.

Our approach

Investors are turning to the real estate market as a source of long-term growth against a backdrop of volatile stock markets and economic uncertainty. For institutional investors such as private equity and pension funds, property is often an attractive asset class, given the potential for stable cash flows and capital growth. However, real estate comes with its own set of risks, particularly as the makeup of our towns and cities change, and consumer behaviour moves away from brick and mortar shopping destinations. Other key challenges in the sector also come in the form of complex legislative and tax changes, diversification of investment strategies, internationalisation and new markets, CSR performance and asset valuation, to name a few.

Our real estate team provides an array of audit, advisory and tax services to help you gain a strategic advantage. Each of our professionals is a specialist in their field and is committed to tailoring their service to suit your specific needs and objectives.

At Forvis Mazars, we work with a wide cross-section of real estate investors and asset managers, including real estate funds, real estate owners, investment advisers, private equity funds, real estate investment trusts, pension funds and other institutional investors. We provide a range of fund and portfolio management services to help you manage your fund, including accounting and tax services, transaction support, valuation, financial modelling, regulatory, integration, restructuring or financing.

Whatever your challenges and ambitions are, we are offering advice and guidance that is the right fit for you.

Our services

• Assurance and accounting
• Tax structuring and compliance
• Compliance and regulatory advice
• Strategic and operational support
• Risk management
• Transaction
• Finance engineering
• CSR advice 
• Real estate law  

Social housing providers are operating in uncertain economic times, with both financial and regulatory pressures being front of mind. Ensuring operational excellence and safeguarding assets is of critical importance. We offer a range of audit, advisory and tax services to help social landlords overcome their biggest challenges.

Our approach

Social housing plays a vital role in society, but the world in which housing associations and public entities operate faces major challenges. A shifting policy framework, economic constraints, tighter regulations and high demand for services are all placing the sector under greater pressure.

At Forvis Mazars, we are a leading provider of professional services to the social housing sector. We understand the numerous challenges that social landlords face, such as the need to build new homes, renovate existing assets, and comply with rent and territorial development policies. We appreciate the attention to detail required for operators to deliver high-quality services and ensure the safety of residents. 

We work with a large and diverse portfolio of social housing and care providers, including traditional housing associations, large-scale voluntary transfers, for-profit providers, local authorities and organisations with complex group structures.

As an organisation, you may be seeking to overcome multiple obstacles, such as:

• An uncertain economic environment
• Funding shortfalls and future financial viability
• Regulatory scrutiny and evolving government policy
• Quality assurance and exceeding safety requirements

Our multidisciplinary team is passionate about the work they do and recognises the crucial role that social housing plays within society. Together, they can provide you with a range of audit, risk advisory, assurance and consultancy services that are aligned to your needs.

When you partner with us, you will work with a single point of contact managing a team of experienced professionals who will tailor their advice to your specific needs. 

Our services 

• Internal and external audit
• Risk advisory and management
• Organisational design 
• IT advice and assurance 
• Tax advisory
• Due diligence 
• Fraud & investigation services
• CSR advisory 

The digital revolution has transformed the media sector. Evolving consumer demands around innovative digital experiences are driving change while also challenging existing business models. Our tailored audit, tax and advisory services are designed to help you adapt and thrive.

Our approach 

The media, information and entertainment sector is dynamic and experiencing a period of significant technological change. Digital disruption, shifting consumer behaviours and economic uncertainties are all taking their toll on the media market worldwide. To survive and thrive, companies must adapt their business models and make quick, critical decisions.

Our specialists have deep industry experience and offer you pragmatic and flexible solutions so that you can transform your operations and strengthen your position for future success. Working as an integrated team, our experts provide specialised audit, financial advisory, tax planning and compliance, consulting and licensing and royalty services to media businesses of all sizes. 

You may be trying to achieve one of several objectives:

• Redefine your position
• Take advantage of new diversification opportunities
• Control your distribution network
• Retain and engage with your customers
• Secure strategic content and manage its rights
• Secure your financial position

We offer three strategic tools that can help you to meet your objectives and compete in a crowded market:

Adapt your business model

To thrive in your market, you need to understand the environment in which you operate and seize opportunities as they arise. We can help you define and implement your strategy, position your brand, build a distribution model and develop your business plans. Our team can also help you manage your financial transactions and advise you at each stage of your growth strategy.

Increase your performance

We can help you identify what it takes to optimise your performance and capture opportunities to boost growth, whether through an acquisition or divestment. Our team can also advise you on strategies to improve profitability and returns, and provide legal support related to royalties, franchises and piracy.

Control your risks

In the digital era, managing risk is essential. Our experts can assess your financial risks and offer tools for controlling them, as well as advise on the effectiveness of security protecting your information system and content. We can also provide practical solutions for change management, regulatory issues, and the consequences of disputes and identity fraud.  

Technology companies are at the forefront of innovation and are transforming the world as we know it. The sector is fast-paced and highly competitive, meaning no company can stand still. Our audit and advisory services are designed to help technology companies manage risk, improve their performance and secure their market position.

Our approach

Companies at the leading edge of the technology and software sector know all too well how quickly the market can evolve. Not only are consumers driving demand for new ideas and technologies, but so too are businesses as they progress through the digital transformation. The most successful organisations are those that are best at delivering innovation, adapting to new market trends, and meeting stakeholder expectations.

At Forvis Mazars, we have a dedicated technology team that understands the world in which you operate and can tailor our services to meet your specific needs. No matter your size or ambition, we are committed to providing you with the highest quality client experience and solutions so you can overcome your challenges and turn them into opportunities.

Our audit, tax and advisory services for the technology sector can support you in several ways:

Improving your performance 

• Financial optimisation: processes, mutualisation/SCSs, outsourcing
• Optimising working capital and cash flow management
• Debt restructuring

Controlling your risks  

• Auditing information systems, including the use of data analytics
• Strengthening internal controls 
• Protecting customer information, confidential data and IT assets
• Reviewing your methods of revenue recognition
• Preventing and tackling fraud

Supporting your development  

• Supporting your international expansion
• Supporting you in your initial public offering
• Helping you to take decisions during transactions
• Providing third-party assurance services

We are committed to providing advice and solutions that are the right fit for you. When you work with us, you will have a single point of contact who will bring together the best of what Mazars has to offer from across audit, advisory, accounting, tax and legal services. 

Our specialists pride themselves on forging strong relationships and providing you with advice that is pragmatic and based on an international perspective. We have intimate knowledge of benchmarks and best practices in the technology sector, and our innovation hub – Forvis Mazars Lab – provides us with new technologies that help to optimise business processes and data analysis.

Rapidly evolving technology, changes in customer behaviour, strong competition and regulatory oversight are major factors affecting telecommunications companies. To stand out from the crowd, companies need to be agile and resilient, as well as innovative. Our audit, advisory and tax experts can help you respond to this rapidly changing market.

Our approach

In the telecoms industry, companies face a combination of regulatory, economic, competitive and political pressures as they strive to meet customer demands. As the need for capacity and connectivity grows exponentially, they must innovate at the use level, terminal level, network level and market level. The deployment of 5G, data security, competition from non-telecoms providers, reduced network investments and sustainability imperatives are just a few examples of the biggest challenges that the sector faces today.

Our dedicated telecommunications specialists can help you face these challenges head-on with a multi-disciplinary approach covering audit, advisory and tax solutions. Each of our specialists combines a deep knowledge of your heavily regulated industry with innovative approaches to help you define your strategy and respond to a transforming market, with the required specific skills and credibility in all the markets we serve.

We can help you in several ways, such as:

Adapting your business model  

Sustained success in the telecoms industry means adapting business models in response to competitive and economic pressures, as well as evolving technology. We can support your transformation and help you advance your business strategy and governance of your information systems and processes. 

Tailor your investment strategy  

With demand for innovative technologies on the rise, operators must invest in their networks. Customers are increasingly demanding faster networks, and continuous innovation in technology and capacity, such as high speed and low latency (5G), which requires significant investments that can impact profitability. Our experts can assist you in these efforts, such as the valuation of your capital expenditure or the development of strategic partnerships, while helping you navigate the constant changing competitive environment and growing regulatory requirements.

Limit and control your risks - Ensuring data security  

As the volume of data generated by users rises, operators need to focus on the protection and confidentiality of the information collected. Our cybersecurity team can help you strengthen the governance and security policies that apply to your information system. When it comes to improve risk management, our global and multidisciplinary teams in internal controls can help mitigate your risks and design an internal control program tailored to fast evolving risks.

International expansion  

Business models are more global in outlook, as companies are becoming digitised and the world more connected. We have a multidisciplinary team of sector specialists who can help you define an internationalisation strategy, set up a currency hedging strategy, manage taxes, support in the transitions of accounting principles, implement anti-corruption measures and put in place measures to manage cash flows as effectively as possible.

The transport and logistics industry is facing new sources of volatility and uncertainty. Tighter regulations, environmental constraints, global trade disputes and digitalisation are all agents for major change. Our audit, advisory and tax services help companies navigate the complexities in the sector. We bring multidisciplinary capabilities from our global network to ensure our solutions are the right fit for you in your markets.

Our approach

Transport and logistics companies operate in a global market where they are exposed to a wide range of economic, regulatory and technological forces. The sector is likely to see a significant Brexit impact and a labour shortage aggravated by the growth of e-commerce which are straining a sector already required to sustainably and digitally transform. At Mazars, we support a broad range of transport and logistics businesses with domestic and global footprints facing these challenges. These include transporters, shippers and ports, intermediaries, service providers, warehouses, aviation companies, air traffic control institutions and others.

In aviation or air traffic control, deregulation and the introduction of low-cost airlines in the 1990s led to a polarisation of the industry between cost leaders and luxury carriers. Volatile fuel prices, increasing financing costs and intense competition create ongoing challenges. However, overcapacity in the sector means that it currently faces some of its greatest difficulties yet.

The rail sector has become a greater focus for investment from policymakers eager to respond to the climate threat. However, infrastructure development must navigate diverse local and national planning codes while the sector must respond quickly to rising customer and regulatory expectations.

The shipping and water transport sector is crucial to the free flow of goods across the globe. However, as consumer habits shift and protectionism and tariffs threaten cross-border trade, companies operating in this space face multiple risks and opportunities. They must also respond to new regulatory challenges as the drive to decarbonise the sector brings new investment needs.

Similar challenges are faced by those in the trucking industry. Freight hauling faces pressures to improve efficiency and become more sustainable even as barriers to trade grow. With tighter margins from increasing operational costs, the sector must improve financial performance even as customers expect faster delivery.

Managing logistics and supply chains grows increasingly complex in this setting with economic and geopolitical uncertainty being a constant threat. Logistics companies also face new sources of disruption where there are fewer barriers to entry and digitalisation becomes a major driver of change.

Whatever your sector, our multidisciplinary team works as an integrated unit to provide expertise and solutions that are tailored to your specific needs and market and help you overcome your unique challenges.

We can help you with the following services:

• Optimising production costs and financial performance
• Seizing market opportunities and enhancing your market presence
• Securing your operations
• Ensuring compliance
• Improving operational performance

Each of our experienced professionals has sector-specific credentials supplemented by the practical experience that comes from a long track record in the business. When we work with you, we consider the full spectrum of possibilities and find the right solutions to help you meet your strategic objectives. Our specialists understand the complex rules and regulations affecting your organisation and bring in the right expertise from our global network of specialists to ensure you receive the critical advice you need.

Our services

We help companies in the transport and logistics sector secure their operations and create value with a wide range of solutions including:

• Financial audit
• Risk management and internal control
• Corporate finance
• Transaction services
• Tax planning and compliance
• Forensic and investigations
• Employer solutions
• Digital transformation and technology
• Sustainability services

Providing deep experience and advice to help private equity firms and their portfolio companies maximise value through the investment lifecycle

Private equity is key in powering the global economy by nurturing and supporting successful companies. This dynamic and fast-moving area of the market continues to face new challenges and opportunities including regulatory oversight, a tightening lending environment and the impact of technology.

Our approach 

At Forvis Mazars, our private equity professionals bring extensive experience in advising clients across the industry, serving over 1,000 PE funds and 3,000 portfolio companies globally. We have the expertise and resources necessary to guide you, whether your needs involve audit, tax or advisory services.  

We know that not all private equity clients are the same. Through our integrated platform and international network, we provide bespoke services to meet your individual needs. These can include transaction services, business valuations, audit and accounting services, value creation or pre- and post-merger integrations. Our clients also have access to high-quality deal opportunities through our specialist M&A practice and network.

Business-focused advice that helps you reach your potential. Businesses, and the regulations that govern them, are evolving at an ever-increasing pace. Management teams are under pressure to keep up. Our legal support will help facilitate your day-to-day business and enhance your special projects without slowing you down. Our international team brings both a local and global perspective with a hands-on approach. We work as one with Mazars’ tax, accounting, and advisory professionals to ensure we offer you a complete solution, focussing on helping you achieve your business ambitions.

How we can help

• Corporate & commercial
• Transaction support
• Employment
• Dispute resolution
• Legal compliance
• Corporate secretarial

Our approach

We work closely with businesses to support their day-to-day legal requirements and provide expert legal advice and legal assistance. With a presence across multiple jurisdictions, we bring broad and integrated support across corporate and commercial law, deals, restructuring, employment law, global compliance, dispute resolution and competition law. Working together as one team, Mazars provides legal advice and guidance that is the result of a collaborative and pragmatic approach. Our legal consultant teams are encouraged to take an entrepreneurial and agile approach to working with clients, which enables them to develop a deeper understanding of your needs, make smarter decisions, and help you to unlock value in your business.

Independence and rigour that provides confidence and transparency for stakeholders and society

In the fast-moving world of business, comprehensive and objective auditing continues to be invaluable. Building public trust in company reporting enhances confidence that enables business relationships and facilitates efficient capital allocation, promoting investment and growth.

How we can help

• Financial audit
• Corporate reporting
• Independent assurance & reviews
• Training services

Our approach

We offer a distinctive, human-centric approach that goes beyond compliance, with an integrated structure that allows us to work seamlessly as one team. We serve regional, national and international companies of all sizes and structures by combining the right people with the right skills for every engagement, leveraging our collective knowledge and using consistent tools and methodologies.

Through our audit and assurance work, we deliver insight and promote transparency. We believe constructive challenge, based on mutual trust and respect, builds confidence in how organisations report to their stakeholders.

It is this robust approach that ensures a Mazars audit delivers full benefits to a company, its shareholders and its other stakeholders. It also ensures maximum benefit for society, contributing to the development of sustainable businesses and economies.

In today’s competitive climate, businesses need to empower their talent to be the best they can be. To be able to perform for the long-term, organisational behaviours and processes must be effective in all economic climates. Our specialists excel in consulting across everything from organisational design to business function strategy to cash flow optimisation and can enhance your business so that it operates at its best.

How we can help

• Organisational resilience
• Business transformation
• Cash flow & working capital optimisation
• Change leadership 
• Organisational design
• Enterprise performance management
• Post-merger integration

Our approach

Fine-tuning a business requires a fundamental understanding of how it operates. Processes must be optimised, cash flow is critical and technology must be fit for purpose. We believe this can only be achieved by assembling a dedicated team based around a company’s needs, operating environment and culture.

By working as an extension to your existing workforce, our team of management consultants use their experience and knowledge to spot the areas where your business can be reinvigorated and enhanced. We want our clients to know exactly where improvements are possible and be clear on the opportunities available.

We do not speak in riddles. We tell it like it is. Our performance improvement specialists aim to eliminate organisational weaknesses and enhance your company’s strengths so it is in the best shape it can be.

Expert advice throughout the life cycle of the deal. Whether you are an acquirer, vendor or financial sponsor within the context of a deal, Forvis Mazars offers a comprehensive suite of services to support you through the process and give you the best chance of success.

Deals have a critical role to play for businesses, their shareholders and wider stakeholder group: they can boost growth, accelerate transformation, and help to realise value.

Our team of experts offer support with deal sourcing, corporate finance advice, due diligence, valuations, and post-deal integration. Using insight drawn from our international experience, augmented with industry knowledge and jurisdiction-specific expertise, we are committed to supporting you through every stage of the deal process.

Our approach

Our team puts your ambitions at the centre of everything they do, and we are relentlessly focused on maximising the value that a deal generates for you. The M&A process can be complex, resource intensive and often uncommon. Our deal experts are here to support you through the process, providing tailored solutions and expert advice to help you focus on the big picture and make the key decisions throughout the process.

Our international presence twinned with our entrepreneurial spirit results in a unique combination of local expertise with international reach. We are uniquely positioned to mobilise cross-border teams to ensure that your project is managed by those with the right skill set and sector experience.

Finally, we have an uncompromising focus on quality. Deals can be once in a lifetime events for businesses and their shareholders and we reflect this by ensuring that you receive in-depth attention from the most senior members of your project team, resulting in market-leading quality.

Our services

• Carve out & divestment
• Mergers & acquisitions
• Infrastructure finance
• Post-merger integration
• Transaction services
• Valuations

An outsourcing partner that helps you play to your strengths. Non-core activities need to be as lean and efficient as possible. Increasingly companies, both large and small, are turning to Mazars’ outsourcing team to help them improve performance, secure compliance processes, manage costs and provide a level of flexibility in resourcing and skills.

Our Approach

For companies looking at opportunities in new geographic markets, outsourcing to Mazars is a low risk way to grow your business. It keeps your financial exposure to a minimum and enables you to draw on the specific skills and expertise you need, when you need them. 

Our suite of tools and solutions will help you monitor and control your outsourced activities, wherever in the world you operate.

Mazars has a strong track record in helping businesses internationalise. Our outsourcing services are flexible and scalable, enabling you to react quickly to changes in your business or market.

How we can help

• Accounting & reporting
• HR & payroll
• Tax compliance
• Corporate secretarial
• Secondment services
• Global compliance & reporting

The Privately Owned Business group at Mazars is made up of experts who work passionately to support the goals of our clients – from family businesses to start-ups to medium-sized businesses

Our extensive experience working with privately owned businesses means we understand that businesses require high quality information to support decision making, as well as access to best practices and technology to help you maintain control, reduce risk and increase efficiency. Whether you are looking to ensure compliance with local laws and regulations, seeking funding and acquisition advice, trying to digitise your business or manage the tax implications of exit planning, we have the network of professionals worldwide with the expertise you require, whatever your location, industry or objective.

How we can help

• Business management services
• Financial advisory services
• Compliance services
• Private client services
• Our goal is to let you rest easy and focus on your core business.

Sustainability has evolved substantially in recent years. Good corporate governance and social responsibility are not simply rooted in doing the right thing, they also bring with them performance benefits. We help companies address their sustainability strategies from design and embedding to reporting and assurance.

How we can help

• Reporting & assurance
• Strategy & due diligence
• Implementation & transformation
• Sustainable finance

Our approach

Sustainability creates exciting opportunities for companies. It can improve corporate resilience, create economic value and contribute to a healthy ecosystem and strong community. As more businesses embrace sustainability, organisations will need to implement higher standards of governance and gain a full understanding of their social and environmental impact in order to remain competitive.

A solid sustainability approach requires a clear strategy, good governance and quality corporate reporting that addresses the full gamut of environmental, social and governance (ESG) based issues. This will result in clear benefits: increased trust, a competitive edge, greater employee engagement, less waste through improved business processes and loyalty and support from stakeholders.

Depending on where your business is in its sustainability journey, we will assemble a team of area specialists that is focused on your unique needs and can offer solutions aligned with your goals. Whether it’s supply chain awareness, carbon mapping, climate change risk assessments or diversity promotion, we have the expertise and experience to deliver solutions that will support companies for the long-term. We believe our bespoke approach means you’ll always have the right experts for the right project.

At Forvis Mazars, we offer a wide array of sustainability services to meet your needs, including:

• Reporting & assurance: Providing audit and assurance solutions for sustainability and human rights reporting, certification for green and social bonds, and assurance over all forms of carbon reporting
• Strategy & due diligence: Assistance with developing strategies and business models aligned with best practice ESG principles, as well as due diligence services to ensure compliance
• Implementation & transformation: Advice and guidance to help your organisation through a period of change and ensure that it is truly embracing its ethical and sustainable ethos
• Sustainable finance: supporting financial institutions to respond to regulatory expectations, adhering to sustainability principles, and more broadly, navigating the complex risks and making the most of opportunities emerging from the transition to a sustainable future.

Insight and innovation to guide you through today’s evolving global tax landscape. Today’s tax systems pose significant challenges for business and individuals. The complexities of domestic and international rules mean organisations and individuals need clear, informed, and considered guidance. Working closely with you, we build transparent, integrated tax-efficient solutions that give you confidence, and help you excel in a sustainable way.

Our Approach

We work with you to provide tax solutions that help you achieve your strategic objectives. By acting as one agile, integrated and collaborative team, across sectors, services and geographies, our clients benefit from both our local roots and the global perspective that comes from being part of an international firm.

Our professionals have deep experience in all areas of tax, providing businesses at all stages of their life cycle with specialist advice, ranging from corporate and employment tax, to transfer pricing and corporate structuring, to national and international transactions, to ensuring tax compliance when setting up new operations overseas.

For our private clients, we provide the detailed understanding you need to make effective long-term financial decisions regarding your tax planning, and work with you on all aspects of implementation.

We pride ourselves on our strong client relationships. As your partner, we take the time to understand your needs, and tailor our services accordingly.

How we can help

• International tax
• Global mobility and employment tax
• VAT and indirect tax
• Transfer pricing
• M&A tax
• National & domestic tax
• Private client tax
• Tax compliance
• Tax disputes & governance
• Global tax credits and incentives
• Corporate structures
• Tax Control Framework

Technological change and deep transformations present new and unknown risks, but also new opportunities to create value. In today’s volatile and ever more complex business environment, companies need to have confidence in their governance, risk management and internal control processes. At Forvis Mazars, we equip our clients with the knowledge, techniques, and solutions to anticipate and respond to critical challenges. We understand that firms need to be able to seize new opportunities quickly and nimbly. This is why we build tailored risk management frameworks, systems and controls that are the right fit for our clients to steer them towards future success.

How can we help

• Cyber security
• Data privacy
• Enterprise risk management
• Governance
• Internal audit
• Internal control
• Digital risk, compliance & assurance
• Regulatory compliance
• Third party risk management & assurance

Our Approach

We are proud of our track record in building client business resilience. We believe companies with solid risk management processes and risk registers are better able to meet the demands of customers, regulators, investors, employees and directors. With operating environments constantly shifting, we work with our clients to ensure they have the ability to spot emerging risks and to address shortcomings.

We do not believe that a ‘one size fits all’ risk management approach is the best way to protect long-term performance and innovation. That is why we take the time to understand our clients’ sectors, priorities, culture and customers before building a suitable team. Get in touch with us to get the most out of your financial risk management or operational risk management.

The number and sophistication of digital solutions at an organisation’s fingertips continues to explode. They help us work faster, smarter and better than ever before. But they are complex and difficult to manage without the right in-house expertise. That is where our experts come in – our specialists know the solutions and technology inside-out and can get you up and running quickly, with better results, and more time to focus on the core of your business.

How we can help

• Data services 
• Enterprise solutions
• Digital transformation & innovation
• CIO Advisory

Our approach 

We take a flexible, tailored approach that recognises every organisation is different. Some companies need instant and intense assistance, for example when they discover a cyber breach. Others may require a sustained, long-term collaboration as they explore and implement multi-year projects such as migration to cloud and microservices.

We combine in-depth technical knowledge, a personal approach and our sector expertise to create innovative answers and solutions that are right for each client. We can drive administrative cost savings through robotic process automation, make litigation faster with e-discovery and document review, and speed up audit using machine learning. We also have a strong and dedicated focus on advanced data analytics. We believe that the ability to transform raw data into actionable insights is a vital skill for today’s successful business.

All our technology and digital consulting is delivered with the people-centric, partnership approach that is at the heart of all our consulting services.

Secure the financing you need to achieve your goals. Financing is a valuable tool for every ambitious business. It can help drive growth by funding projects, acquisitions or strategic developments, or simply assist with day-to-day working capital.

However, the world of financing is becoming increasingly complex, with new financing instruments appearing on the market daily. Our financing specialists can provide you with practical and tailored advice to help you understand, secure and manage financing solutions which work for your business and help you and your business achieve your goals.

Our Approach

At Forvis Mazars, we understand the world of financing and the important role it plays for business. We offer a collaborative approach whereby we mobilise experts across the full range of technical disciplines, sectors and geographies to ensure you have a tailor-made team to meet your financing needs.

Your team will work closely with you to fully understand your requirements and approach, and provide advice tailored to your business strategy and ways of working. You may be seeking to float on a stock exchange, refinance debt, raise funds from investment partners, finance an infrastructure project or get a valuation for M&A activity. No matter your need, we can offer comprehensive advice and guidance to help ensure a successful outcome.

We offer advice across a wide spectrum of financing solutions to overcome a broad array of challenges. These solutions include:

• Capital markets
• Debt advisory
• Fundraising
• Infrastructure finance
• Valuations

As the world in which we do business becomes ever more complicated, interconnected and dynamic, threats and disputes can arise from anywhere.

Whether external or internal, we have expert teams to help you to prepare for, mitigate against and manage all manner of threat to your business. Be it a piece of litigation, a fraud, the need to restructure, or even the necessity to close business operations, we provide clients with commercial, practical and highly tailored advice to navigate these challenging situations.

Our Approach

Whatever the situation that you face, we will find the solution you need. Your team will provide timely, commercial and practical support in a way that supports and respects the situation you are in. As a uniquely integrated, international partnership in more than 90 countries and territories, we are able to mobilise cross-functional teams with the technical, sectorial and geographical knowledge to support you in every market you operate in.

Crises and disputes present themselves in a variety of ways. For this reason, we offer a broad mix of services and expert teams to support you with whatever situation you may face:

• Forensic investigation & compliance – we support you in conducting and concluding forensic investigations including fraud investigations.
• Litigation & arbitration – we act as financial experts and support you when you are facing litigation.
• Restructuring & insolvency – we assist you to find solutions during times of distress and challenge.
• Independent business reviews – we provide an expert view on business performance and suggest solutions to remedy issues.
• Valuations – we help you to understand the value of business decisions during times of crisis and dispute, including contentious valuations.
• Third party due diligence – we provide deep insight into who you are doing business with.

Companies operate in a world of economic and geopolitical instability, yet also great potential. To make the right investment and expansion decisions, businesses need to understand the driving forces, anticipate new challenges and capture the right opportunities.

Large multinational companies and smaller firms that strive to achieve international development face a series of organisational, operational and financial challenges. Whether they want to set up a business abroad or expand beyond national borders through organic growth, or mergers and acquisitions, companies rely on the support of experts to provide them with the custom-made services they need to succeed.

Our Approach

Wherever you see your next global opportunity, Forvis Mazars will support you to make the right business decisions and successfully expand overseas through our network of experienced international desks. Our dedicated teams support businesses like yours to achieve this global growth across over 100 countries on all continents.

Our international desks are made up of audit, tax and advisory professionals who offer an international perspective and tailored local solutions. Ensuring compliance with local laws and regulations, we provide strategic and operational advice to help you successfully expand worldwide.

Get in touch to discuss your global growth requirements, and how Forvis Mazars can help you achieve your international ambitions.

The mission embraced by leading payroll services providers requires prompt, dependable, and - increasingly more - worldwide responses. Fortunately, automation of tasks and technological solutions are game changers when dealing with large amounts of data to be processed or monitored cyclically with low to nil mistake rates.

Where should it be noted that processed data may be rapidly reorganized and showcased with the help of embedded reporting functions, leaving sufficient time for experts and managers to devote to more sophisticated tasks?

The Mazars Group, through the CEE Payroll Board and the Global Center of Excellence in Romania, has, for some time now, adopted the responsibility of acquiring and integrating amongst standard payroll services for our clients. These solutions are competitive in the fast-paced, technologically evolved, and internationally interconnected business environment. Such solutions have been developed in-house, applying our best knowledge about our clients' needs when needed.

PayWorld and PayMap are two payroll-specific platforms with distinct yet equally valuable functions suitable for enterprises with a local, regional, or global presence. Because, as a Group, Mazars serves clients from countless industries, we value their different needs: so only after following a set of minimum technical standard establishments, PayWorld and PayMap fully adjustable to client needs, from a process calendar, recurrence, payroll elements mapping perspectives and so much more.

PayWorld, powered by Payzaar for Mazar's clients, is the more mature and popular payroll system amongst clients working with us. PayWorld is a collaboration tool primarily developed to satisfy the demands of our clients that need a centralized management solution adapted to their jurisdictions and procedures. Instant, up-to-date access to a global picture of a client's business divisions from a payroll viewpoint is one of the most significant benefits of using PayWorld for an international customer.

PayWorld is a workflow structure that captures the six most significant phases of the payroll processes applicable to each country and works as a central data transfer engine for key HR and Payroll information, such as HR data transfer from the client to Mazars local teams, payroll outputs, pay slips, and tax compliance upload and approval.

In addition to the collaborative features, PayWorld enabled excellent KPI and aggregated reporting capabilities that operate based on G2N data, helping our clients to analyze and control headcount expenses worldwide from a high-level viewpoint to a detailed level, as required.

PayMap is a solution developed by Mazars in Slovakia in cooperation with the group center from Romania. Unlike PayWorld, PayMap is not a workflow solution but a data processing and transfer middleware. In its first stage of development, PayMap was designed and developed to take over the automatic data transfer from the client's HR database software and transform it in a ready-to-use state directly into different local Mazars payroll software. Recently, smaller clients' needs have been integrated, and solutions have been developed to meet them; when required, data transfer can be achieved through PayMap via web forms without an HR database. As such, PayMap can also retrieve payroll information for smaller clients as a central data transfer tool.

As fundamental functions, we mention data retrieving from client HR software or web form interface, HR data validations and transformations, payroll calendar tracking, error logs, and data transfer to Mazar's local payroll software, following exact formatting and structuring requirements—also, dashboard and reporting features.

The core of PayMap and its complex functionalities is the HR to payroll mapping, which targets the four key questions in defining any automatic process: what goes in? What needs to be done to it? When does it need to be done? And what goes out?

Cybersecurity and data protection are crucial to payroll solutions adoption or development within the Group, and both PayMap and PayWorld strictly follow Group standards in this respect.