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.
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 processes across the whole of Europe, making use of a wide range of systems – from MediusFlow, MS Dynamics 12.0, MS Axapta 3.0 in Sweden and the United Kingdom to Sage Symfonia, a Polish ERP used in Haldex Poland.
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