CASE STUDY
A leading Swiss registered association whose members include some of the world’s leading food and agribusiness multinationals was dissatisfied with the accounting service provided by its previous service provider. The time the Association’s management had to spend monitoring the fiduciaire was impacting the time devoted to the core activity of running the Association. The Association was looking for a ‘one-stop shop’ provider for its membership fee process, accounts receivable, accounts payable, payroll, general ledger, financial statement preparation (English and French language) and Swiss tax declaration. Dryden prepares and sends out the Association’s annual membership fee invoices and is responsible for supervising the accounts receivable process to the point where management may need to be involved when there are late payment issues. Supplier invoices are sent directly to Dryden which maintains the accounts payable ledger and prepares the documentation for all payments. Dryden contributes to the Association’s annual budgeting process and prepares quarterly reports for the Association’s management and Treasurer, comparing Year to Date Actuals to Budget. Dryden prepares the annual Financial Statements for the AGM at which there are senior management from the member companies present as well as preparing the audit documentation and files for the external auditor.