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The challenge of organisational disruption is not new, but it is changing. As financial complexity and innovation are accelerating, corporate simplification is one way organisations might respond.
What EY-Parthenon Corporate Structure Simplification services can do for you
Group structures can become increasingly complex through M&As, JVs and organic growth. This can lead to increased costs, as well as difficulties managing risk, simplifying operations, improving transparency and complying with changing regulations.
We can help you achieve the following benefits of group and corporate structure simplification:
Financial
Reduced compliance costs
Capital and cash efficiencies
Optimisation of distribution streams and removal of dividend blocks
Rationalisation of intercompany balances
A simpler group structure that maximises the efficiency of your operating model
A structure that minimises tax leakage on the repatriation of cash
Nonfinancial
Improved transparency and corporate governance
Greater control and risk management
Enhanced board and investor perception
Approaches to address the lack of “corporate memory” around unknown contingent and legacy liabilities
Reduced management time spent on nonoperating entities
Broad experience
We have experience supporting the complete spectrum of organisations, whether large multinational companies seeking to reduce their global entity footprint or a small domestic organisation looking to remove a single entity from its structure for a specific purpose. Our corporate simplification team integrates restructuring, tax and financial consulting knowledge to help your organisation assess, rationalise and simplify its legal entity structure across the key phases of corporate simplification:
A critical part of successful corporate simplification is to define objectives and governance from the outset. We support clients to initiate their internal setup, including facilitating a workshop with key stakeholders in which we share lessons learned and leading practices from our deep and varied experience.
We can undertake a desktop analysis of a legal entity structure to provide advice and recommendations on which entities in the group could be eliminated and to identify “quick wins” to generate momentum.
We have a flexible approach to supporting program delivery, ranging from taking full control and responsibility for running the program to supporting internal program management resource with technical knowledge only.
We deliver a bespoke questionnaire to facilitate the collation of entity information. We use our extensive experience to identify potential risks and to provide commercial, pragmatic advice and leading practice solutions to resolve identified issues. As a multidisciplinary organization, we can draw on subject matter professionals across sectors, technical disciplines and geographies to respond quickly and efficiently to any additional support our clients may require through the life of the program.
Restructuring and turnaround strategy
When time is important, our experienced problem-solvers provide restructuring advice to move quickly from ideas to implementation.
Our contingency planning and insolvency services team can help create the time, space and environment to develop strong corporate restructuring solutions. Learn more.
