GuillermoRosés srlu

Finance & Accounting (F&A) Business Process Outsourcing (BPO)

Back-Office Outsourcing

Making it easier for business in Spain.

Our way

of working

Home

□ Our way of working

□ What we pursue

Our Back-Office Outsourcing service aims to pursue modern ways of providing

extended F&A facilities to help growing your business in Spain without

having to increase your staff and support infrastructure.

Our service is intended to cover all F&A-related areas to help your Subsidiary

in Spain to exclusively focus on its core business activity.

Splitting business

functions to grow

with solid basis

□ Distribution of business functions

Based on the above, it appears a new distribution of responsibilities within the business

as compared with classical management schemes, where separate functions

are re-allocated on three different recipients.

Subsidiary

Back-Office

Parent Co.

Business

Area

F&A Outsourcing

Area

Management Area

Sales

& delivery

function

invoicing/billings

Internal control

Payment processing

Bookkeeping

Group Reporting

Advisory function

Authorizations

& supervising function

□ Main means for success

Keeping a close relationship with the Parent

Company, we simultaneously create a number of simple

internal procedures to ensure the fulfilment of two important goals:

(i) An actual, effective internal control on transactions, making

possible that local management decisions be in some cases shared and

in some others approved by the Parent Company before they are made; and

(ii) A cash management directly handled from outside the local management.

The achievement of these two goals, where our position as independent

F&A Outsourcing firm plays a significant role, will make possible that the staff of Subsidiaries

in Spain will fully devote their time and effort to really value added activities for their groups, which

at the end of the day is the main concern to the eyes of the Parent Companies.

□ The basic four components of the F&A BPO service at GuillermoRosés are as follows:

Purchase

Orders

Payment

Processing

SP GAAP/IFRS

Bookkeeping

Group Finance

Reporting

Internal

control

Remittance

payment

Statutory

Accounting

Parent Co.

Purchase Orders numbers are issued by the Back-Office and given to the Subsidiary, further to Parent Co.'s approvals.

Parent Company

has an active role in the decision-making process of the Subsidiary

Back-Office takes care of matching invoices from vendors with their POs, keeping administrative

relationship with vendors.

All payments are made through the support of the Back-Office.

Back-Office keeps the day-to-day relationship with banks and takes care of weekly on-line movements reviews.

Based on POs control and accounts payable, Back-Office submits the periodical list payment processing.

Vendors and Payroll payments, and electronic filing and payment of tax returns.

Posting of

day-to-day operations

Documents filing & storage

All labour-related matters are contracted to either an international Law Firm, or to a local one, depending on each group's requirements.

Preparation of statutory/

regulatory accounts

(Spanish GAAP/IFRS)

Back-Office attends meetings with the group Auditors & the Auditors from the Tax Authorities.

Back-office provides the group with divisional financial information in a timely manner.

Permanent contact with the Parent Co.

Preparation and submission of

weekly, monthly , quarterly and annual scheduled Reporting Packages.

Back-Office assists in budget process and in periodical budget reporting.

Whenever agreed, Back-Office prepares and submits

e-Reporting P@ck®