Description
Learn how Novacomp structured a Shared Services Organization (SSO) model for its financial and accounting operations by creating a specialized spin-off in partnership with QF & Asociados. This strategy allowed Novacomp to focus its resources on its core software development business, while consolidating an ecosystem of financial management, tax advisory, auditing, and international services that ultimately quadrupled the group’s client base.
What will you discover in this document?
By reading this case study, you will learn:
- The challenge of centralized accounting management: The need to decouple financial administration for multiple group companies (such as NovaTesting, Innovative, and ITQS), ensuring precise handling of asset management, auditing, consulting, and tax compliance.
- The strategic approach and partnership model (Spin-off): The creation of a dedicated business unit alongside the firm QF & Asociados for financial statement preparation, tax filings, payroll services, and cross-border accounting coordination.
- Operational tools and service level agreements: The use of enterprise financial management platforms such as SAP, QuickBooks, and Salesforce, backed by rigorous Service Level Agreements (SLAs) and Non-Disclosure Agreements (NDAs).
- Growth results and regional expansion: Scaling the team to 12 specialized accountants, attracting new software development and analytics clients, standardizing reporting across the group, and extending services to offices in Mexico, Panama, Chile, and the United States.