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Case study

Haldex Poland

Haldex is a Swedish corporate group operating in eighteen countries within four continents (Europe, Asia, North and South America). This case study concerns their Polish entity. The Haldex Group focuses on providing brake and hydraulic components for vehicles to improve and enhance their safety.

About cooperation with Haldex Poland

Collaboration between Haldex and EFF started with relatively small process called triangulation. It is based on issuing internal invoices in one company and receiving and registering them as supplier in another entity.

Over time EFF took over many various processes and is currently supporting Haldex in important accounts payable outsourcing processes across the whole of Europe, making use of a wide range of systems – from Medius, MS Dynamics 12.0, MS Axapta 3.0 in Sweden and the United Kingdom to Sage Symfonia, a Polish ERP used in Haldex Poland.

Our services

Cooperation between Haldex Poland and EFF, which has been developing since the end 2017, is a great example of how EFF can provide services regarding Polish accounting.

The rendered services include the entire accounts payable process, accounts receivable tasks (issuing invoices, collection of receivables with emphasis on overdue payments) and general ledger work (registering tax and tax returns (CIT, VAT, etc.), preparing monthly and annual tax declarations as well as financial statements).

The most important advantages of cooperation with EFF for international companies are:

  • Access to knowledgeable specialists and having all three accounting areas managed in one office, therefore decreasing the risk of possible accounting errors
  • Flexibly engaged professionals and the ability to adjust the number of involved EFF employees depending on the needs of your process
  • Chances to cut your accounting costs
  • Enabled focus on your core activities while having all non-core responsibilities taken care of by a trusted partner

What did Haldex Poland gain through cooperation with EFF?

  • Quick and professional booking of invoices, bank statements, delegation costs, etc. with conformance to a wide range of systems
  • Invoice and tax payments always transferred correctly and without delay
  • Smooth month-end closings

Services

The accounts payable process outsourced to EFF involves:

Invoice registration (booking invoices in a Polish ERP system – Sage Symfonia)
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Expense invoice coding
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Master data management
Preparation of tax payments
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Booking bank statements
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Bank account reconciliation
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Handling reminders
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Chasing missing invoices
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Travel and personnel expenses processing
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Solving current and urgent issues
Łukasz Gauza
Service Manager

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We can help your company too!

Does processing your invoices take too long and you receive a lot of reminders? Do you want to make your AP/P2P process more efficient? Does it generate you more costs than you anticipated? Are looking into outsourcing it?

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