From automated processes to group consolidation – Cooach helps Swedish-owned Quartier Properties in Spain.
Quartier Properties is a Swedish-owned property development company listed on the Nasdaq First North Growth Market in Stockholm. The company’s operations are geographically focused in Spain, where the company mainly invests in properties that are aimed at a strong international target group. The company takes advantage of its Nordic background with expertise in design and service to create value in its property portfolio and has in a short time built up a property portfolio worth EUR 80 million and with sales of SEK 93 million.
Quartier Properties’ challenge was both operational and cultural, due to the rapid growth and establishment in Spain. The company also needed legal support in connection with the company being listed on First North.
Cooach addressed Quartier Properties’ needs by ensuring that all requirements for financial reporting and compliance were met. Cooach experts assisted with the financial information prior to Quartier Properties’ listing and the financial reporting such as interim reports and preparation of annual reports in accordance with IFRS.
With the help of Cooach, Quartier Properties now has a solid process with defined roles and areas of responsibility for financial reporting. Cooach also provides a digital solution for group consolidation and is responsible for the conversion of the Spanish accounting to IFRS.
In addition to these commitments, Cooach assists with on- and offboarding of users in Cooach Workplace (via Slack) and continues to continuously automate the processes for continued efficiency.