How do we work?
F&B operators face a number of challenges. Some are jurisdiction specific. In Singapore, labour shortages and rental costs are currently hot topics. Globally, intensified competition, strong pressure on margins, commodity price inflation, issues related to global sourcing, reinforcement of brand identity and the implementation of a differentiation strategy while improving the shopping experience and developing a multichannel approach are all provide significant challenge.
The players involved are faced with major structural transformation issues. Mazars understands these issues and has gathered a global team of experts in accounting, finance, taxation and consulting with first hand retail knowledge to help companies handle these challenges.
Our record of delivering value to a wide range of clients, from small operators to the world’s most famous names, is based on deep industry knowledge and advanced technical abilities. Our professionals understand both the strategic and operational needs of our F&B clients to help them address critical factors affecting their business.
We are the auditor of national and international Food & Beverage companies across the globe including: Pernod Ricard, Lesaffre Group, Louis Roderer, Kraftfoods, ArabDairy, Pomona…
We also have a long track record in advisory (accounting and outsourcing services, consulting and financial advisory services) & tax services.
F&B client story #1: Outsourcing internal complexity
- Profile: Our client is a global fast food chain serving million customers per day in more than 70 countries around the world.
- Assignment: This company was looking for a global accounting and outsourcing provider for their Brazilian operations. The volume of documents and level of complexity of the fiscal activities involved demanded a complete remodeling of the process. Mazars was selected for its in-depth industry knowledge and capacity to provide high quality customized outsourcing solutions.
- Results: Mazars innovated developing a new document flow process using its own expertise and resources delivering a high quality solution to the client at a very low cost. The document are now pre-organized by the managers and sent to Mazars, reducing significantly the processing labour costs, the amount of missing documents and potential fiscal contingencies.
- Today: We serve the client with a full range of services locally: direct and indirect tax compliance, financial and company secretarial services. Our Advisory team also provides revenue assurance and royalty calculation services to client headquarters.