Commerzbank – Commercial Paper Conduit

Issue

We were approached in order to establish systems to match requirements with regard to bookkeeping and reporting needs.

Solution

We help our clients (such as Private Equity Firms, Commercial Banks, Shipping companies) collect, process and analyse their financial information, allowing Management to concentrate on the areas that directly affect profit; the key operational aspects of the business.

Currently

We provide the full range of accounting and reporting services and have developed robust management and reporting models to provide bespoke reporting packs for each entity on a monthly basis.
We provide the group auditors with a full set of audit packs that detail the background to all transactions arising, the makeup of all asset and liability balances for each entity, together with all other information they are likely to need in order to ensure a smooth audit process.
We also provide the conduit team with an ongoing monitoring facility to ensure there are no erroneous bank movements or potentially costly overdraft positions. We are the first port of call in relation to all transactions undertaken and have earned a position of trust with the client such that they rely entirely on us to run their accounting process.

Testimonial

“We were initially introduced to Ecovis Wingrave Yeats via our auditors, PricewaterhouseCoopers in 2003. Ecovis Wingrave Yeats worked diligently to understand our business and its needs in order to establish systems to match our requirements with regard to bookkeeping and reporting needs, which they have continued to adapt to changes in our business. They deliver work to a high standard within tight month- and year-end deadlines and Ecovis Wingrave have always provided a professional relationship and strong commitment in the delivery of the services they provide.”
Commerzbank AG