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Case Studies.
Australian Headquartered Film Production Company Seeking US Expansion
Our client is an Australian based film production company who was seeking to open operations in the US due to the high demand of film projects. Unsure how to navigate the red tape of setting up shop in the US, the client called up Amesto Global to assist with their international expansion. Since 2022, Amesto Global is offering a market entry and growth support solution to help the client establish and scale their footprint in the US.
Amesto Global is delivering the following solutions:
- Set-up and coordination of an international banking relationship to accommodate the client’s need for operational bank accounts in all physical locations
- Providing local knowledge around US regulations regarding Payroll & Retirement Plan information while identifying opportunities to ensure the US entity is competitive in the employment talent market
- Coordinating with US taxation experts to deliver guidance on film tax credits to the client, which are vital to the film industry and vary based on the client’s chosen production location(s)
- Set-up of an international cloud-based ERP system and finance function to capture all accounting transactions, providing the client with full access and allowing management to view from the home country
- Delivery of ongoing monthly accounting & financial reporting services in the cloud-based ERP system in accordance with US GAAP
- Complete coordination of both market entry and ongoing corporate services through a single-point of contact
NORDIC BASED SAAS COMPANY, EXPANDING RAPIDLY THROUGHOUT EUROPE
Our client is a Nordic based SaaS company who has recently experienced vast growth in Europe. As they expanded their operations into four European countries, they started to experience major pain points. From multiple ERP systems in each jurisdiction, to little to no access to local accounting & payroll systems and the lack of local statutory compliance knowledge, the client was struggling to manage their international operations while driving commercial growth in their core domestic market.
Overwhelmed by their current operations, the client was interested in meeting with Amesto Global to discuss ways they could alleviate some of their current headaches outside of the Nordics. Hesitant to bite off more than they could chew, the client started small, bringing on Amesto Global to handle payroll services in one of the four countries.
After direct, regular communications with our Partner-led team and in-person visit to ensure operations were running as smooth as possible, the client quickly became comfortable with us as a firm. They then engaged our team to oversee the company’s multi-country payroll processing & HR Administration functions in all four countries as well as manage the company’s US accounting & financial reporting. Not long thereafter, Amesto Global was asked to handle aspects of the company’s international operations in all four existing countries and one new jurisdiction.
Amesto Global has, and continues to, deliver the following solutions:
- Consulted with the client on the best ERP system to support the company’s international expansion and operations; will implement the proposed ERP system
- Manage and coordinate accounting and payroll processes across multiple jurisdictions
- Offer all services and ongoing assistance through one-point-of-contact to reduce miscommunication and language barrier restrictions
- Ensure that all local/ statutory compliance requirements are met in all countries with the assistance of local partner firms
It did not take long for the client to understand the value add that Amesto Global can bring as they focus on growing and expanding their business internationally. We are a true partner to our clients and love being part of their individual growth stories. Together, we go far.
US HEADQUARTERED AND NASDAQ LISTED CLIENT OFFERING A SAAS TAX COMPLIANCE PLATFORM
The client is a NASDAQ listed company and US market leader for tax software. The client expanded to Europe initially with an office in the United Kingdom and subsequently with expansion to France, Spain, Italy, Poland and Luxembourg in early 2020. The client also closed an acquisition in Germany in May 2021 with four other entities outside Germany in Turkey, Romania, Italy and France. Amesto Global is delivering the following solutions:
- Processing the day-to-day US GAAP accounting of all entities centrally in Ireland;
- Month-end closings and US GAAP financial reporting to the client’s headquarters in the USA;
- Ensuring that all local/ statutory compliance and filing requirements are met in all countries with the assistance of local partner firms;
- HR administrative and payroll processing services for the client’s employees in the various countries;
- Complete coordination of services and ongoing assistance through one point of contact;
- For the German acquisition and its European subsidiaries, we have designed and digitally transformed all accounting functions to a centrally maintained US GAAP accounting platform. The main purpose is to allow for a faster US GAAP reporting and to increase visibility of the local operations.
WELLNESS CO.
Wellness Co. is a North American company based out of Toronto. The first time international expansion occurred in Quarter 1 of 2018 due to a deal negotiated with large EU purchasing house. This transaction drove the need for an EU entity and Ireland was the chosen location. Oonagh Hayes, together with her team, delivered a solution within a six-week period together with all the in-country back office support together with a warehousing solution.
The company now has a logistics & warehouse facility which is the central hub for all Europe.
Due to the continuous growth of sales throughout Europe, this in turn triggered Vat Registration in several EU entities and Amesto Global is providing the solutions for all of these registrations.
NORWEGIAN HEADQUARTERED CLIENT OFFERING A CLOUD-BASED VIDEO CONFERENCING PLATFORM;
Since 2019, Amesto Global is offering a multi-country accounting, financial reporting and local compliance solution for the client’s existing operations in the United Kingdom and USA, plus a HR admin/payroll solution in Spain and Italy. In Q2 2020, the client listed on the Norwegian stock exchange raising additional capital to accelerate its global expansion. Since then, Amesto Global successfully assisted the client with its expansion to Australia, Singapore, Japan, France, Germany and The Netherlands. Amesto Global is delivering the following solution:
- Market entry support including but not limited to, assistance with the set-up of the local entity, (tax) registrations, opening of bank accounts, insurances, employee benefits etc.
- Processing the day-to-day accounting of all entities centrally in Ireland on the client’s ERP system;
- Month-end closings;
- Ensuring that all local/ statutory compliance requirements are met in all countries with the assistance of local partner firms;
- HR administrative and payroll processing services for the client’s employees in the various countries;
- Complete coordination of services through one point of contact.
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HEAD OFFICE AND MANUFACTURING PLANT OPERATING IN US
- Core business to supply highly nutritional supplements;
- Oonagh Hayes established the office in Ireland. The company now has a logistics and warehouse facility which is now the central European hub of distribution;
- Outsourcing both functions of a back and front office nature;
- Focus on their core business, driving high performance of sales, and ensuring that they are building a business with longevity, substance and sustainable success.