14 Jul 2020
Jean-Michel Parizeau
Vice-President | Treasury Management | M.Sc | Management consulting

Optimizing your company’s finances requires efficient cash management. Technological solutions can make your life easier.

In these unprecedented economic times, now more than ever you need to manage your company’s finances diligently and efficiently. As a business leader and manager, you need to provide your teams, customers and suppliers with solutions and prospects for future growth.

Our experts can help you adapt to this situation now, review your cash processes and advise you on adopting best practices in the short and long term.

Our specialized cash management team, consisting of former treasurers, experienced consultants and technical experts, offers both consulting and implementation services for cash and payment management technology and cloud computing solutions.

Our firm’s association with Kyriba allows us to modernize and optimize cash management functionalities.

Cash performance management platform

Kyriba is the global leader in cloud treasury and finance solutions, supporting more than 80,000 users in nearly 100 countries.

This highly secure software-as-a-service (SaaS) platform is a scalable, innovative system that provides superior connectivity with all partners (internal ERP systems, banks, suppliers, etc.).

Kyriba provides a range of comprehensive solutions covering a broad functional scope to guide companies facing today’s financial challenges such as:

  • security;
  • cashflow projections;
  • liquidity needs;
  • foreign exchange risk;
  • payment process centralization;
  • bank cost control.

Offering reliable and accurate results, Kyriba supports strategic decision-making and is a strong added value for the company.

Our firm was awarded the Channel Partner of the Year at the 2020 Kyriba Live Conference in Las Vegas.

Kyriba Solutions and Raymond Chabot Grant Thornton

TaaS:

The Treasury-as-a-Service (TaaS) department’s mission is to provide all organizations (SMEs) with both state-of-the-art systems (bank statement integration, interaction with ERPs, bank reconciliation…) and the services of our experts to create and implement these solutions, with the sole purpose of simplifying and optimizing your company’s cash and payment management.

Kyriba – Essential:

Kyriba Essential provides an initial approach to TMS Kyriba. The customer has a unique database with features focused on cash management, forecasts and payments. This offer is powered by our treasury experts and is aimed primarily at companies with less than US$500M in sales.

Kyriba – Complete license:

Access to Kyriba’s complete platform, with over thirty special modules in six categories.

Any questions? Contact us

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14 Jul 2020  |  Written by :

Jean-Michel Parizeau is a management consulting expert at Raymond Chabot Grant Thornton.

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07 Jul 2020
Jean-Michel Parizeau
Vice-President | Treasury Management | M.Sc | Management consulting

A measure allows TFW who have lost their jobs due to COVID-19 to obtain an authorization to work for a new employer quickly.

It might seem contradictory, but even if the pandemic that has been hitting Quebec for several weeks has caused a meteoric rise in the unemployment rate, some companies are still facing a labour shortage situation. What do you do when local workers are not answering the call and closed borders are preventing access to workers from abroad?

The key to the solution lies in a new government announcement to help temporary foreign workers (TFW). Since May 12, 2020, a new measure allows TFW who have lost their jobs due to COVID-19 to obtain authorization to work for a new employer in 10 days or less. A process that, until recently, used to take several months, can now be completed in less than two weeks.

How can this situation help employers lacking skilled workers?

Like many of us, the pandemic forced numerous TFW into unemployment. In most cases, due to closed borders, these workers cannot return home. So, there is a pool of skilled TFW already in Quebec who are ready to work.

This reality, together with the new government policy, means that your company could save time and money by hiring TFW who already have the qualifications you’re looking for in addition to local experience. As long as you have a valid Labour Market Impact Assessment (LMIA), you will be able to hire TFW already in Quebec and integrate them into your business within days.

What are your needs?

  • For medium-term needs: international recruiting remains an excellent option to offset the lack of skilled labour.
  • If you have more urgent needs: the new measure announced by the government is a golden opportunity to hire workers quickly.

For more tips on how to proceed, it’s always advisable to consult an international recruiting expert.

14 Jul 2020  |  Written by :

Jean-Michel Parizeau is a management consulting expert at Raymond Chabot Grant Thornton.

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21 May 2020
Jean-Michel Parizeau
Vice-President | Treasury Management | M.Sc | Management consulting

Raymond Chabot Grant Thornton is proud to be joining forces with Vena to offer a new, automated enterprise performance management (EPM) solution across the nation.

This tool will support processes relating to the planning and budgeting for the finance and operations divisions, the consolidation, analysis and reporting of financial information, and finance function management.

This partnership will enable the firm to offer small- and medium-sized businesses the opportunity to acquire a high-performance cloud-computing EPM solution at an affordable price. The solution modernizes budgeting and planning, shortens the closing cycle and monthly consolidation, accelerates the financial reporting process, and easily generates management reports and in-depth analyses.

David Mayrand, Management Consulting Partner, said: “This tool transforms traditional Excel reports into an optimal financial planning and analysis solution. Since Vena is an accessible platform that uses Microsoft Excel technology, our small- and medium-sized clients will benefit from less time spent on managing processes and creating financial reports. It will especially enable them to make better, faster decisions.”

The new partnership between Raymond Chabot Grant Thornton and Vena extends the group’s EPM solutions.

Our certified experts can help you find the best technology for your business and guide you throughout the process. Contact us now to learn how to optimize your financial performance.

For more information about Vena’s EPM solution, go to www.venasolutions.com.

14 Jul 2020  |  Written by :

Jean-Michel Parizeau is a management consulting expert at Raymond Chabot Grant Thornton.

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19 May 2020
Jean-Michel Parizeau
Vice-President | Treasury Management | M.Sc | Management consulting

Five Grant Thornton (GT) member firms have launched a new technology offering for global mobility services.

This application will help HR and international travel managers better manage the regulatory, tax and compliance issues that arise from a mobile workforce.

When employees accept an international assignment or are permanently transferred out of their home country for business reasons, their employer is required to provide support for ensuring continued tax compliance in addition to being responsible for the company’s obligations.

Our international mobility specialists are then called upon to inform organizations of the scope of tax, social security, benefits and human resource requirements they need to consider in order to ensure compliance and maximize their investments.

The new platform, developed jointly by GT member firms in the United States, the United Kingdom and the Netherlands as well as the Canadian member firms in Toronto and Montréal, equips clients by providing them with real-time monitoring, analyses and information on their international mobility programs (e.g. schedules, deadlines, follow-ups, dashboards, etc.).

Martin Caron, Senior Manager, Global Mobility Services at Raymond Chabot Grant Thornton says: “This new tool allows organizations with a mobile employee population and experts in the GT network to share information in real time, allowing them to better ensure compliance during international assignments.”

Caron adds: “For example, an employer can easily track the status of tax returns for employees deployed to China, the United States or Canada.”

Workers abroad also have access to the application and can use it, among other things, to file their tax documents. Each of the parties involved benefits from the application according to their role in the program, in a high-performance, easy-to-use and fully secure virtual environment.

Contact us for more information about our international mobility services or the new platform.

14 Jul 2020  |  Written by :

Jean-Michel Parizeau is a management consulting expert at Raymond Chabot Grant Thornton.

See the profile