Bayer EuroServices are the European accounting centres of the Bayer Group
Subsidiaries of Bayer Business Services (BBS), EuroServices Bayer GmbH in Leverkusen and EuroServices Bayer, S.L. in Barcelona form part of Bayer's global Enterprise Accounting and Reporting strategy. Today there are approximately 350 employees in Leverkusen (Germany) and 400 employees in Barcelona (Spain).
Bayer EuroServices Barcelona
Our Services – Full Range of Accounting Services
Bayer EuroServices Barcelona was created in 2001. The accounting centre provides the full range of integrated accounting and reporting services.
Activities range from supplier and customer accounting through to preliminary consolidation of financial statements for the Legal Entities and Headquarters of the Bayer Group, all performed using the most modern and up-to-date information technology.
Additional solutions and services are also provided including Project and Quality Management.
The BBS Regional Delivery Centre Europe, also based in Barcelona, offers SAP support, providing uninterrupted data processing in the systems of our customers. Specialised knowledge of processes and systems has also led Bayer EuroServices to provide consultancy services with customized support, as and when our customers require it.
The accounting centre today offers accounting and reporting services to 65 Bayer Legal Entities in 11 European countries, USA and Canada.
Our Employees - Our Staff makes the difference
The 400 accountants and system specialists - the majority of whom are young and international professionals - represent 29 different nationalities making the environment in the workplace multicultural. The official company language is English and other languages are highly valued in order that services can be provided on a global level. Indeed almost 20% of staff speaks four or more languages.
Our Goal - Provide high quality and reliable information while making the most of cost saving opportunities.
It is our goal to provide our customers in the Legal Entities and Headquarters with reliable data on time, time so that management decisions can be made with complete confidence. We transform data into valuable information; information means knowledge, and knowledge means the competitive edge.
Bayer EuroServices aims to optimize the accounting and reporting processes with regards to cost, quality and service through centralization, standardization, implementation of state-of-the-art technologies and specialized know-how. The Bayer EuroServices concept reduces risk in accounting and reporting processes and allows for greater flexibility which enables our partners to remain competitive in a rapidly changing business environment.
Our Advantages - Opportunities from Partnership
Bayer EuroServices aims to take advantage of all the benefits resulting from the close collaboration and partnership with the Finance and Accounting community of Bayer thus to ensure the best quality, service and price.
Quality
Like the capital market, our customers rely on the quality and timeliness of information. We define quality as being complete, correct, consistent, comparable and standardized.
High quality data in Bayer EuroServices is ensured through data accuracy and reliability checks and measured using agreed Key Performance Indicators.
Cost
Our customers expect cost efficient services. Through single sourcing of accounting processes in Barcelona costs can be reduced. The high volume of transactional activities creates economies of scale and facilitates the implementation of innovative, state-of-the-art information technologies which automate processes in a complicated and extensive environment. Through standardization, harmonization and the sharing of best practice with regards to accounting and reporting processes costs are continually optimized and potential cost savings tapped.
Service
Our customers need a reliable service partner for sensitive data and information. Bayer EuroServices puts much emphasis on customer orientation and provides premium service quality with defined service levels.
Reduction of Risk
Bayer EuroServices ensures that both country specific and international legal requirements and accounting standards are met. Through analysis and the implementation of controls in accounting processes potential risks are mitigated thus ensuring compliance with the Sarbanes-Oxley Act.
Flexibility
Businesses today work in a rapidly changing business environment. Bayer EuroServices provides flexibility in the face of changes in the business. Single sourcing means that the necessary changes in accounting and reporting, be them due to changes in business models (acquisitions, divestitures or carve outs for example) or changes in guidelines and regulations, can be managed from one location. The same is true for changes in systems and the implementation of new technology. Specialized accounting and system knowledge further facilitates such changes.
Future prospects
Through accounting centre concept and the advantages it creates we offer our customers a platform for flexibility and growth allowing them to concentrate fully on the essential; their own core business.