Takeover of all accounting department activities

As part of the reorganization of the banking sector, our customer, a French bank, sold its receivables portfolio, its business and its staff to another player. This operation required an in-depth transformation of the finance function, in particular by outsourcing accounting and regulatory management. The main objectives were to ensure the continuity and conformity of financial operations, to guarantee optimal management of cash and corporate accounts, and to produce reliable and up-to-date reporting for the shareholder groups, while complying with regulatory requirements.

The process began with an in-depth diagnosis of existing processes and the specific needs associated with the sale. A dedicated project team was set up to manage the transfer of all accounting and regulatory activities. Emphasis was placed on securing financial flows and making data reliable, by implementing appropriate monitoring and control tools. Skills transfer workshops were organized with outgoing teams, to ensure a smooth transition and limit operational risks. Finally, reporting and budget updating processes were redefined to meet the expectations of new shareholders and regulatory obligations.