The global automotive industry remains one of the biggest manufacturing sectors. Both fast-paced and innovative, this highly saturated, technology-focused market places significant emphasis on cost and regulation with movement towards international sourcing and distributed manufacturing and assembly operations.

RSM’s automotive industry group brings together technical excellence and knowledge – understanding and meeting middle-market clients’ commercial needs across accounting, tax and operational matters, as well as helping them to remain competitive by harnessing business opportunities.

Our offering is at the vanguard of challenges that impact middle-market clients and their supply chains. With the automotive industry undergoing a significant shift, global competition is on the rise.

RSM's experienced team understands the implications this change can have on your organisation and can guide you through the complex issues confronting this ever-changing industry.

Automotive service capabilities

Audit

Through RSM’s delivery of a single global audit methodology coupled with leading audit software, including enhanced data analytics tools, RSM automotive audit professionals can assist clients with:

• Assessment of accounting policies and assistance in optimising policy decisions
• Transaction related services including valuation and purchase price allocation
• Assistance in accounting for business combinations
• Financial statement audit, reviews and compilations
• Review of technical accounting memoranda and conclusions
• Employee benefit plan audits
• Carve out financial statement audits
• On-call technical accounting consulting
• Review of ongoing revenue recognition
• Spearhead the organisation’s efforts in preparation of Forms 10-Qs and Form 10-K

Tax

RSM’s tax professionals have a keen awareness of the issues facing automotive suppliers and original equipment suppliers globally and can provide insights involving:

• Domestic federal and international tax structuring
• U.S. domestic tax credits ASC 740 services
• Cost segregation studies
• Credits and incentives
• Expatriate compliance and planning
• Global compliance and statutory reporting
• International tax services and structuring
• IRS and state and local audit defence
• M&A diligence and planning
• Sales and use tax planning
• State and local tax issues
• Tax co-sourcing and compliance
• Transfer pricing documentation and planning
• Unclaimed property
• Tax technology selection and optimisation services
• Indirect tax recovery

Consulting

RSM’s consulting specialists offer a wide array of services squarely focused on issues and topics that are front and centre to the automotive industry. Whether working with technology or management consultants, privacy and security experts, or transaction advisory specialists, RSM is positioned to support the specific needs of the automotive industry in the areas of:

• Breach response
• Business valuation
• Business process assessment and improvement
• Business intelligence
• Cash management
• IT services (ERP and CRM, business intelligence and IT strategy)
• Acquisition integration support
• Performance improvement (corporate)
• Operational audits (unit level / supply chain)
• Financial accounting outsourcing
• Fraud detection and prevention
• Inventory management and controls
• Internal audit services
• IPO readiness
• Lease due diligence, administration and advisory services
• Litigation and dispute advisory
• M&A advisory and due diligence
• PCI compliance
• Security and privacy risk mitigation
• SOX compliance and international control consulting
• Tenant lease audits
• Technical accounting consulting
• Managed IT services
• Digital transformation
• ERP assessment and implementation

The global energy sector is continuously changing as consumption levels rise and climate change presents new challenges. Today’s race to combat these changes through renewable resources and net zero sustainability measures has given rise to new opportunities throughout the category.

Globally, organisations will need to consider the impact of advanced technologies and evolving workforce dynamics on their operations. Scalability issues, cost efficiency, process automation, and employee health and safety also need to be addressed. The increasingly complex and ever-changing regulatory and legislative environment creates further challenges for industry leaders seeking to grow existing operations and expand into new areas.

Working with businesses worldwide, we can help you address the energy issues of today and anticipate those of tomorrow. Our team has in-depth industry experience working with clients in the energy sector, including oil and gas exploration and production, mining and metals, and renewables and cleantech. We dig deeper to truly understand our clients and the unique business environments in which they operate.

We understand the accounting, tax, and operational issues you face, as well as the business and technical factors that drive your decisions. We can help you integrate systems, adopt models and apply data application information, increasing your efficiency and productivity.

Across the RSM Network, we work with businesses worldwide to address the energy issues of today and anticipate those of tomorrow. 

With experience of supporting the financial services community in key financial hubs, across the network, we help organisations navigate complex reporting, governance and regulatory issues to achieve their business objectives.

The global healthcare and life sciences sectors face a range of operational, financial and regulatory challenges. From the consequences of pandemics to advances in digital capabilities, organisations in this sector require knowledgeable guidance to adapt to the ever-changing environment. Quality of services to patients, financial accountability and performance are often under scrutiny. We can help you meet these challenges effectively with a range of specialist services tailored to your needs. 

Across the RSM Network, we work with healthcare businesses worldwide to address the issues of today and anticipate those of tomorrow. Our team has in-depth industry experience working with clients across healthcare and life science including pharmaceutical, biotech, medical devices and the digital transformation of health systems. 

Biotechnology

The pursuit of healthier lifestyles is fuelling an increased appetite for healthcare products and services in the biotechnology industry. We support businesses to commercialise their innovations and take advantage of any incentives and credits including those available for research and development.

Digital transformation of health systems

Digital transformation can help healthcare organisations to improve, expand access to services, and deliver a more effective patient and clinician experience. However, the digitalisation of systems can lead to increased levels of risk. We advise healthcare companies on how to introduce new digital ways of working whilst minimising these risks.

Medical devices and technology

Advancing technology is continuously proving its value in improving patient experiences and outcomes within the medical sector. We are excited to work with innovative medical technology companies to help them solve their complex business challenges so they can focus on changing lives with new devices and technology.

Pharmaceuticals

New streams of revenue were created for healthcare and pharmaceutical businesses as many pivoted resources to support the pandemic. Pharmaceutical companies navigated supply chain disruptions, advances in technology and pressures from clinical trials. Our global advisors provide support on regulation, compliance and funding whilst assisting you to create a competitive advantage for your business.

Manufacturing remains critically important to both the developing and the advanced world, In many countries the sector is in a state of transition: growing in emerging economies; shrinking but becoming more productive in advanced economies. Some markets compete on cost, others on technology and innovation. Lean manufacturing techniques which eliminate waste and improve quality are of key focus. Combining our global industry knowledge, deep resources and personalised service, we offer solutions to reduce costs, increase efficiency and maximise profitability.

Middle-market companies continue to be the primary area of investment by private equity firms of all sizes. Once the deal is complete, maximising the value of these investment companies is a must. Our global private equity services can help you create value throughout the private equity life cycle.

A difficult market, tight credit, evolving accounting standards, shifting tax concerns – these are challenging times for real estate and construction companies. You need experienced professionals who understand your industry and will work hard to understand you and help you realise your objectives.

When you operate in the retail marketplace you need to stand out in the competitive landscape. The only constant is that the consumer’s tastes and preferences will change. Your business strategy needs to evolve alongside those shifts. When you partner with us, you gain access to a network of professionals who share knowledge and understanding of the issues you face from the perspective of both the retailer and supplier, bringing you ideas and potential solutions.

Pairing innovative technologies with skilled professionals for meaningful audit services.

People are only as good as the tools they possess. So, to consistently deliver high-quality auditing services, we are always investing in auditing methods. We keep our ear to the ground so we can closely follow the latest developments and share them throughout our network.

Staying alert to risk is always a priority. That’s why we devote a considerable amount of attention and resources to ensuring our methods are compliant with the International Standards on Auditing.

How we can help you with audit and assurance services

·     Global and listed company audits

·     Local statutory audits

·     Other assurance

·     International Financial Reporting Standards

Helping middle market businesses to unlock opportunities for growth, solve complex problems and mitigate risk through innovative, cutting-edge solutions.

RSM firms provide specialist consultancy services to support your business in the short, medium or long term. The key to our working style is partnership. We start by understanding the challenges that your business is facing, then bring on board experts from our global network to provide the precise consultancy support you require, and work with you to propose solutions that answer your needs.

We can help you to unlock opportunities for growth, find innovative solutions to overcome challenges or mitigate and manage risks:

Finance

In a fast-pace, globalised, digital era, having a high performing finance function is key to business success. Using the latest technologies and with deep business insight, RSM specialists help finance leaders and CFOs with myriad issues; from driving cost efficiency and improving processes, to mining data and providing insight to deliver value, growth or transformation.

People, processes and operations

People are the key to delivering transformational growth and the success of your business. At RSM, our specialists help business leaders drive sustainable growth through deriving the value of human capital, designing streamlined and efficient processes and developing intelligent operating models.

Risk

In a complex and rapidly changing business landscape with exponential opportunities for growth, it can also generate an equal measure of new business risks. RSM’s Risk Advisers can help to navigate the complexity, to help clients develop a growth strategy fortified with resilience and security.

Technology

In an evolving digital climate, technology has been advancing at breakneck speed and is ultimately transforming the way that businesses are run and will continue to do so for many years to come. From developing a digital strategy that embraces the right technology for your business needs, through implementation and maintenance, RSM specialists can help you to deliver your vision and create impact.

Transactions

Minimise risk, maximise returns. We understand that a variety of factors and tensions come into play when you are dealing with complex transactions. Whether you are making an acquisition, forming a strategic alliance, raising or investing capital or releasing funds through a sale or restructuring, you need advice that is sound, practical and innovative.

IT system design consulting

Intelligent and effective use of technology is vital to an organisation's success. Smooth running systems and electronic business processes are a primary requirement to remain competitive, drive down costs and increase customer satisfaction levels.

Successful organisations face an expectation to have a fully integrated and interactive e-strategy which encompasses the use of the internet and latest technologies to meet customer demands and expectations.

RSM can offer you access to in-house technology teams who will combine sound business knowledge with proven software experience to offer you intelligent technology-based solutions.

The areas that we can help you with include:

·     IT infrastructure services, including information systems planning, data management and integration

·     Business continuity planning

·     Website development & compliance

·     Risk advisory services

·     IT security and controls

Strategies for business growth

Whether your business is relatively new, or well established and expanding into new territories, the challenges facing business growth, at home or abroad, can be considerable and effectively managing your strategies for growth can help you succeed.

Starting at the grass roots, RSM firms offer a full review of your business effectiveness to ensure you are operating at peak performance. From there, they will tailor their services to your specific needs.

This may be advising on procedures to streamline business processes and improve productivity to developing detailed strategies and plans for expanding into new countries.

RSM firms support client growth. You can be sure that when you appoint an RSM member firm to help you grow your business, you will get a team that knows your industry and will be as passionate about seeing your business succeed as you are.

Services to non-assurance clients include:

·     Conducting a full operational business review

·     Reporting on maximising profitability and return on investment

·     Developing a strategic plan and direction for your business

·     Assessing organisational effectiveness and restructuring a group of businesses

·     Optimising cash flow and researching access to new avenues of funding

·     Business valuations

·     Advising and assisting with new territory business entry strategies

In a rapidly changing and digitally driven business world, technology is playing an ever-greater role in streamlining operations, delivering operational resilience, and unlocking value, both in human and organisational potential.

With a focus on helping ambitious, internationally dynamic and growth-focused businesses, our diverse teams of experienced professionals and strategic alliances take the time to understand your vision, your objectives and your entire business ecosystem, to deliver game-changing solutions to complex challenges. Get in touch to find out how you can reimagine your future today.

How we can help you with digital services

·     Data analytics

·     Managed services

Buying and selling companies, assets or even making an investment in a major project can be risky. Objective due diligence can help mitigate these risks as well as highlight opportunities to create value and make a transaction successful.

Furthermore, financial due diligence is essential when assessing whether to proceed with a transaction and can increase the likelihood of the transaction achieving its objectives. The due diligence process will also help structure the deal and prepare you for negotiations.

RSM’s global offering encompasses financial, tax and broader analysis to identify both the risks and opportunities of a potential transaction to help you make the right decision and negotiate better outcomes.

We can help you with

·     Financial due diligence

·     Sale and purchase agreement advice

·     Deal mechanisms such as completion accounts and locked boxes

·     Working capital due diligence

·     Completion accounts review

·     Post deal support

Why RSM?

Senior partners within RSM firms, supported by experienced diligence practitioners, are actively involved in the delivery of projects providing comprehensive and clear opinions on issues. This means in difficult and complex situations, particularly cross-border assignments, our experienced teams are involved in the detail of the work, providing value-add deliverables to meet your deal needs. We can help by:

·     Identifying critical issues and rapidly feeding them back providing clear proactive solutions to complex problems

·     Regularly communicating with you – agreeing a formal feedback plan and providing regular updates as work progresses

·     Focusing on high quality deliverables and providing you with clear guidance rather than using cautious wording and caveats

·     Taking a commercial and pragmatic approach

In today’s complex business world, clients require advisers who will challenge the possibilities of legal service delivery and approach matters through an innovative mindset and smarter ways of working. By combining our brand promise The Power of Being Understood with deep business relationships and by recognising client nuances in an ever-intensifying legal landscape, we are committed to providing an optimal and comprehensive offering.

At RSM we understand that clients require high quality legal services with increased efficiencies and collaboration across multidisciplinary teams. Whilst offering specialist expertise and professional advice all under one roof, we also recognise the value of providing a single point of contact to manage and co-ordinate our multifaceted service offering.

RSM’s legal service comprises talented, top tier lawyers from many legal practice areas who, in addition to being technically skilled, exhibit exceptional judgement and creative problem-solving skills – importantly they are also entrepreneurial in outlook and approach. This commercial acumen and skill set for advising the middle market, is what distinguishes our team from traditional law firms and other marketplace competitors.

For us, a tailored approach for the middle market means assisting entrepreneurs along every step of the way in their business journey. From the early phase (i.e incorporation of the company and its financing), to the growth phase (i.e joint venture agreements, mergers and acquisitions) and even in matters relating to litigation, credit recovery and restructuring.

Our Capabilities:

Our people

Our qualified and admitted lawyers are recognised within their respective jurisdictions as being experts in their field. We also have access to specialist HR (human resources) and labour practitioners. When required, we call upon other RSM colleagues to provide specialist tax and financial support for client projects.

Several RSM Member Firms also have legal specialists who are recognised as being in country experts in particular areas. These include people advisory, corporate reorganisation and wealth succession planning in England and Wales; black economic transformation services in South Africa; specialist inheritance law in Germany; real estate and banking services in Italy; specialist pre-litigation and litigation legal services in relation to tax disputes in France and mergers and acquisitions in Spain.

In addition to providing legal services, our advisers are often requested to present at conferences and seminars on current legal topics, teach in academia and many have published articles in leading legal journals.

Mergers and acquisitions

Mergers and acquisitions are the cornerstone of the RSM legal service offering. RSM understands the need for businesses to merge or to acquire other businesses, as a mechanism to gain market share, to enter new markets or to invest in new technologies. These transactions become complex where cross-jurisdictional deals are concerned.

At RSM, our legal advisers can assist you through each stage of the transaction. From deal inception to business integration, we are there to help turn your business growth ambitions into a reality.

Corporate and commercial

Well-structured and commercially savvy corporate and commercial arrangements are key to the success of your businesses. Addressing potential issues from the start can help you manage your risk and safeguard your interests, as well as avoid any potential disputes.

At RSM, our legal advisers will help enhance the value of your business by collaborating closely with you to ensure that you close the all-important deals and are equipped with value adding commercial solutions.

Employment and labour

Your people are your most important asset. However, RSM also understands that the right people should be employed in the right position to deliver growth. In addition, the economic shifts, a demand for global mobility and a flexible workforce, plus constant changes to compliance and legislation, mean that employment related challenges for multinational businesses are greater than ever.

At RSM, our legal advisers can work with you to provide unique solutions across a wide spectrum of employment related matters.

Restructuring, insolvency and business rescue

Any business requiring operational and strategic efficiencies, will require specialist legal (and tax) advice on its restructuring options and the implementation thereof. Similarly, any business in financial difficulty will require well-informed commercial and legal advice on an urgent basis to protect itself, its directors, shareholders, and other stakeholders, and to recover operationally where possible and restructure.

At RSM, our legal advisers can advise on, and implement, all aspects of the corporate restructuring, insolvency, or business rescue. Where required, we can also tap into our RSM colleagues specialising in tax and business restructuring.

RSM’s outsourcing services can help you with your day-to-day administrative and secretarial needs. We provide solutions for streamlining your accounting and bookkeeping procedures, so you can get on with running your business while knowing that all the administrative services are being taken care of.

We appreciate that your time may be better spent concentrating on doing what you do best, which is overseeing the growth and development of your company. But in order to do that, you may need to consider a provider of outsourcing services. That’s where RSM comes in.

We have cultivated a well-deserved reputation as being a firm capable of delivering a range of outsourcing solutions to a host of different clients, all with varying needs and requirements – whether that be to do with your payroll services, accounting systems, annual returns, financial analysis or anything else.

Our professional, expert team of business outsourcing specialists are highly experienced operators who are accustomed to scaling any form of challenge placed in front of them, so you can relax safe in the knowledge that we will arrive at the right outsourcing solutions for you. Additionally, our specialists will maintain constant channels of communication and will deliver any updates in a clear and concise manner, enabling you to remain fully in the picture with how your administrative services are being handled right the way through the process.

Not only that, but RSM International’s global network encompasses more than 57,000 staff across more than 120 nations. You can rest assured that by partnering with us you’re guaranteed to receive administrative and secretarial services built upon a solid foundation of knowledge on both a local and cross border level.

Our Capabilities:

We have cultivated a well-deserved reputation as being a firm capable of delivering a range of outsourcing solutions to a host of different clients, all with varying needs and requirements – whether that be to do with your payroll services, accounting systems, annual returns, financial analysis or anything else.

Our professional, expert team of business outsourcing specialists are highly experienced operators who are accustomed to scaling any form of challenge placed in front of them, so you can relax safe in the knowledge that we will arrive at the right outsourcing solutions for you. Additionally, our specialists will maintain constant channels of communication and will deliver any updates in a clear and concise manner, enabling you to remain fully in the picture with how your administrative services are being handled right the way through the process.

Not only that, but RSM International’s global network encompasses more than 57,000 staff across more than 120 nations. You can rest assured that by partnering with us you’re guaranteed to receive administrative and secretarial services built upon a solid foundation of knowledge on both a local and cross border level.

RSM firms provide the following outsourcing services to non-assurance clients:

·     Bookkeeping 

·     Preparation of budgets, management accounts and periodic financial analyses 

·     Provision of temporary or part-time accounting assistance 

·     Design and implementation of accounting systems

·     Preparation of accounting manuals

·     Payroll services

·     Corporate secretarial services

·     Assisting clients with their business entry strategy into the country

·     Setting up new legal entities

·     Maintaining minutes and other legal documents

·     Non-executive directorships

·     Preparing and submitting annual returns

During the lifecycle of a business, there are many challenges from growing pains and managing cashflow and liquidity to world events, geopolitical issues and natural or man-made disasters which can cause significant impact. 

RSM restructuring experts work with organisations and their advisers, lenders, trustees and creditors to provide tailored solutions at every stage of the business cycle. We understand that the challenges facing every business are different. 

Here are some common issues that we help our clients to resolve are how to: 

• Develop an effective turnaround strategy; 
• Manage risk by simplifying corporate structure; 
• Review defined benefit pension covenant strength; 
• Monitor emerging financial risks; 
• Preserve value on distressed real estate projects; 
• Realise value and optimise the outcome of a formal insolvency; 
• Secure an appropriate funding solution; 
• Identify and recover assets after contentious insolvency; or 
• Navigate an accelerated transaction. 

Move forward with practical advice 

As an integrated team, we share skills, insight and resources, as well as a client-centric approach that is based on a deep understanding of our clients’ business needs. We have professionals who specialise in working with company directors, financial institutions, turnaround professionals and venture capitalists, providing innovative corporate restructuring solutions that help clients capitalise on opportunities while mitigating risks. We are also experienced in handling personal and corporate insolvency cases and have a proven track record in working with banks and financial institutions to maximise recoveries.

We specialise in managing risk. To enhance the value that you deliver to your stakeholders, we can assist you in protecting your business and its success.

We understand the threats that your business may face. From the global banking crisis to the rise of cybercrime, recent history demonstrates the importance of identifying threats, and the appropriate response, at an early stage.

As a result, we are active, not reactive, and provide support and guidance as your systems and processes develop.

Our expertise and knowledge ensure we remain at the forefront of implementing new approaches to managing risk.

How we can help you with risk advisory services

·     Internal audit

·     Fraud prevention and investigation

·     Anti-money laundering (AML) services

·     Information systems assurance

·     Governance and compliance (ERM)

·     Regulatory and compliance

If you’re a global business juggling the complex and diverse tax rules of multiple markets, it can be hard to stay on top. We offer in-depth, up-to-date knowledge of the relevant local rules and regulations. Through collaboration with our tax professionals across all relevant jurisdictions, we are able to provide you with seamless solutions.

We give you practical, commercially-focused and socially responsible advice from our most experienced tax experts. Together, we’re dedicated to finding the best possible tax solutions for your business, while always acting with the highest level of integrity and concern for your reputation.

How we can help you with tax services

·     Corporate tax compliance and planning

·     Global employer services

·     Global R&D incentives and credits

·     Global indirect tax services

·     Tax

·     Global M&A tax

·     International tax planning

·     Personal tax compliance and planning

·     Private client and family wealth

·     Transfer pricing

Whether it is for you, your family or your business, it is essential to take proactive steps to ensure your wealth is protected wherever it may be. The right support and advice are critical to achieving your personal wealth goals and ambitions.

The global wealth environment is constantly evolving, creating new opportunities to explore new risks to manage. If you have interests and family across multiple jurisdictions this will create additional complexities and an increased risk of non-compliance.

RSM Private Client Services, with the power of our RSM international network can support you throughout your wealth journey, helping you to preserve your assets for generations to come. Your dedicated RSM adviser works with you to understand your needs and will coordinate your domestic and international requirements across every jurisdiction – providing a truly borderless solution for your needs.

RSM Private Client Services are the foundation for your successful wealth journey.