Services Finance & Accounting

Finance & Accounting - TUI Business Services GmbH

The sector SSC Finance & Accounting is primarily delivering service for the tour operators & the airline of the source market central Europe.

The subsections of Finance & Accounting are

  • General Accounting
  • Treasury
  • Payables und Receivables

The SSC FA employs about 225 people, with a Business Process Outsourcing Partner (BPO) being used for defined tasks.


Service Catalogue Finance & Accounting

General Accounting

  • Coordination and preparation of financial statements in respective ERP systems and actuals reporting in HFM
  • Fixed assets
  • Cash accounting
  • Intercompany reconciliation
  • General ledger reconciliation
  • HGB/IFRS transition, COSO, continuous improvement process (KVP), business partnering, participation in major projects (SAP/Merger), central maintenance of GL-master data (ownership chart of account), implementation of statutory guidelines, support for TUI Group tax department & the auditors.

Treasury

  • Implementation and monitoring of payment transactions
  • Balance sheet and cash flow budgeting & forecasting
  • Disposition
  • Cash Management
  • Bank accounting
  • Hedging
  • Sundry reports and analyses, continuous improvement process (KVP), bank administration, bank communication, financial investments, cheque, payment stops, monitoring policies, COSO, support for the auditors.

Payables

  • Supplier master data
  • Order data processing
  • Invoice processing
  • Self billing
  • Receivables management for suppliers
  • Hotel Guarantees
  • Crew Travel Expenses
  • Contract partner enquiries, COSO, continuous improvement process (KVP), business partnering, participation in major projects (SAP/Merger), support for TUI Group tax department and the auditors.

Receivables

  • Client master data
  • Outgoing invoices
  • Receivables management
  • Agency-/ commission settlement
  • Open Items management
  • Dunning process
  • Customer- / travel agency inquiries
  • Fraud prevention
  • Reporting, Assistance Risk Management B2B, COSO, continuous improvement process (KVP), participation in major projects (SAP/Merger), support internal and external audit.