RSM Georgia's Journey to Sustainable Development: Summing up the Results of 10 Years Operation on the Market
RSM Georgia, a member of RSM International, one of the leading global audit, tax and consulting networks, summarizes 10 years of operations on the Georgian market. The global network of RSM unites firms in over 120 countries, up to 800 offices and 43,000 professionals worldwide. The company is represented by up to 100 professionals and three offices in Georgia.
RSM Georgia delivers a wide range of specialized services to business organizations, such as preparation of financial statements according to the International Financial Reporting Standards (IFRS), audit of financial statements according to International Standards of Audit (ISA), tax optimization services, accounting outsourcing, various financial and business decisions, private property assessment and legal advisory services.
"We've been through challenges to get the results of sustainable development we have today,” said Giorgi Kvinikadze, Managing Partner of RSM Georgia. “The company was founded in 2008 under the Capto Group name. The hardest period of Georgia was also full of challenges for the company, which, on the one hand, provided some motivation for us. By 2010, the local audit company became interesting for the Global Audit, Tax and Consulting Network, RSM International. In the same year, we joined RSM and got access to global knowledge, ideas and insights. Global network membership is a huge responsibility. We are united under common values, the cornerstone of which is the client companies’ deep understanding and satisfaction of their needs. The global network tagline exactly matches our positioning statement - The Power of Being Understood. I am glad that after overcoming many challenges, we celebrate the results of the company's sustainable development for the company’s 10-year anniversary.”
RSM was the first network of audit companies to establish common audit methodology in member companies in 1993. As the founding member of Forum of Firms (FoF), an independent association promoting consistent and high-quality standards of financial reporting and auditing practices worldwide, it constantly transfers this experience to the member firms. Access to global knowledge enables the company to constantly enhance audit methodology in compliance with international standards and Code of Ethics. The company constantly conducts internal quality control. The international knowledge and insights of RSM professionals, combined with valuable expertise from a local perspective allows the company to take on projects of any complexity and scale which resulted in an increase in the number of international projects by 43% in 2017-2018. The sustainable development of RSM Georgia contributed to further expansion of the company's portfolio.
RSM Georgia founded its sub-Brand ‘RSM Georgia Solutions’ in 2017 and has already had impressive results in growth. RSM Georgia Solutions is the partner of world class software solutions brands. In 2017 RSM Georgia Solutions became the first certified partner of SAP Business One in Georgia and in 2018 the company partnered with Oracle, based on which it plans SAP Business One and NetSuite software program solutions, ERP (Enterprise Resource Planning) systems, integrates them and issues relevant licenses. Last year, RSM Georgia Solutions was named by SAP Business One as the company having the fastest start, and in the same year won the second nomination - 'Net New Clients in the region’.
"Our main purpose is to help our client companies achieve their goals,” said Tea Katchkatchishvili, Commercial Director of RSM Georgia. “RSM is focused on deep understanding of its client companies’ business needs and on providing more benefits, more expertise, more confidence to them. This is why we took into consideration the insights of the business sector demand research conducted by us in Georgia and decided to bring the world leader brands of ERP systems into the local market, as well as to strengthen our legal services direction. After long-term negotiations, highly experienced and qualified specialist in the field of law, Aleko Sirbilashvili, joined our team, who is already leading the company's legal department."
Strengthening the legal department and enlarging services allows RSM Georgia to offer its partner companies full legal support, counseling in any local issues connected to their activities, recommendations given to them on dealing with transactions, preparation of legal conclusions, preparing typical contracts at the request of the client and more.
“RSM Georgia, within the main legal services also offers additional advocacy services to clients, in particular: protecting partner companies’ representatives and their interests in any category of case within all instance court and arbitration, in the administrative, tax, execution or investigation organs, preparation and submit of disputes, complaints or similar statements,” noted Aleko Sirbilashvili, Head of Legal Department of RSM Georgia.
The Global Network of RSM allows client companies to receive consistent service that goes above and beyond their expectations, wherever they are in the world. RSM’s client ranges from growth-oriented entrepreneurial businesses to leading multinational organizations and financial institutions operating in different business sectors nationally and across borders. RSM Georgia’s strategy is based on RSM's innovations-oriented corporate culture and is designed to promote accelerated growth through identifying potential markets, developing service lines and enhancing service quality.
By Mariam Merabishvili