A company operating in the manufacturing sector with locations across 25 countries grappled with the task of managing legal, accounting, and tax compliance on a global scale.
Faced with increasing staff turnover and operational challenges, they sought CEG’s assistance in developing a solution to streamline compliance processes and ensure regulatory adherence across all locations.
The Idea:
CEG resolved to create a tailored solution that would centralise and simplify the client’s global compliance efforts. Drawing on their expertise in legal, accounting, and tax compliance, CEG aimed to design a custom dashboard that would enable management of regulatory obligations while ensuring ease of use for both internal staff and external vendors.
How did CEG help?
CEG mapped out the client’s compliance processes and obligations, identifying key pain points and areas for improvement. Leveraging technology, CEG developed a custom dashboard that provided a holistic view of global compliance requirements, facilitating efficient monitoring and management of legal, accounting, and tax obligations.
Comprehensive training sessions were conducted for both internal staff and external vendors to ensure smooth adoption and utilisation of the new system.
Where are they now?
As a result of CEG’s intervention, the client was able to maintain global compliance excellence. With the custom 360-degree solution, the client experienced significant improvements in compliance efficiency and accuracy, resulting in zero fines or penalties across all jurisdictions.
The system also provided contingency plans to mitigate the impact of staff turnover, ensuring continuity and stability in compliance operations.
