How Japanese managers in Germany can overcome challenges Japanese expat managers in Germany face challenges with culture, language, colleagues, clients, authorities, and requests from the headquarter. Japanese managers often become department heads or chief financial officers without a technical background. Japanese companies prefer this challenging environment to find the best candidates for advancement: either with our withour success. This article […]
Starting a business in Germany as a foreigner: the GmbH Starting a business in Germany? Consider the popular option of Gesellschaft mit beschränkter Haftung (GmbH), which stands for Limited Liability Company. This article outlines necessary steps and a typical timeline and costs to establish a GmbH. Options to establish a company in Germany Various options exist to opening a business […]
Digitalization of accounting not only means moving from a paper-based to a paperless office, but also redefining accounting processes. Thanks to modern technologies, companies can manage, analyze and use their financial data more efficiently. Selected examples of accounting processes that benefit from digital transformation In the following, we show selected examples of accounting processes that benefit from digital transformation: 1. […]
Issue The supplier, specializing in providing classic car spare parts through its online shipping platform, encountered a significant challenge when it came to reconciling outgoing invoices generated by their Enterprise Resource Planning (ERP) software, specifically JTL. This hurdle gave rise to a concerning accumulation of open items within their financial records, primarily in the form of unpaid invoices as well […]