Who decides what?
Local management, parent approvals, bank authorities and signing powers should reflect actual operations.
What does the Greek entity actually do?
Distributor, service company, sales entity and operating subsidiary models create different flows and risks.
Design compliance before the first invoice.
Chart of accounts, invoicing, VAT, myDATA, payroll, withholding, monthly close and annual compliance need owners and deadlines.
Contracts before recurring charges.
Goods, services, licences, financing and cost allocations need a defined framework.
Set the pricing policy before year-end true-ups accumulate.
Functions, risks, charging method and documentation thresholds should be understood from the start.
How is the subsidiary funded?
Capital, intercompany loans, cash pooling, collections and parent funding need accounting and tax mapping.
Local invoicing is more than ERP configuration.
VAT, myDATA, e-invoicing, credit notes and transaction data should fit the commercial model.
Statutory books and group reporting should reconcile.
Local accounts, reporting packs, intercompany balances, accruals and group close need a common mapping.
Give parent and local management one finance view.
- P&L / balance sheet
- cash
- tax status
- intercompany balances
- TP actual vs policy
- forecast
A local finance function that can also report to the parent.
Looma connects Accounting & Tax, Digital Tax Operations, CFO-lite and Cross-Border Advisory.