PKF Finconta, the audit, accounting and tax advisory company, ranked 7th in CECCAR's top-level firms with accounting expertise, has won the European selection process and entered the list of consultants of the European Bank for Reconstruction and Development (EBRD) for the Financial Management Enhancement Project (FMEP). Besides PKF Finconta, EY and PWC are the other consultants in this project.

The European Bank for Reconstruction and Development believes that the development of small and medium-sized enterprises (SMEs) is vital for a healthy economy. Through the Financial Management Development Project (FMEP), the EBRD helps SMEs access financing for the consultancy services they need to grow. The following types of services are included in FMEP: 1) financial statement review; 2) accounting consultancy services; and 3) training to enhance the skills of the company’s staff to produce meaningful management reports on the financial status of the company.

”PKF Finconta is a Romanian entrepreneurial company with over 23 years of activity. We have a team of professional consultants and work day by day, mostly with large and medium-sized entrepreneurial firms. So, we understand very well what their financial consulting needs are, we know their challenges and we have the expertise to provide them with the support they need. We are always on the same wavelength with the entrepreneurs, because we also have a similar path. This is why we have done our best efforst to succeed in becoming consultants in this EBRD project. In this way, we want to to continue to contribute to the development of the entrepreneurial businessed in Romania”, says Florentina Șușnea, Founder and Managing Partner, PKF Finconta.

The EBRD will support each assignment through the provision of a grant to cover 75% of the assignment cost, or €20,000, whichever is lower at the end of the project. The EBRD's recommendation is that each consultancy project includes a diagnostic phase, an introduction of new processes phase, and a capacity building phase.

”The Financial Management Development Project (FMEP) is designed by the EBRD to help SMEs develop the best practices relevant to the industry in which they operate and increase the quality of reporting and financial management. The aim of the project is to give SMEs a new level of understanding but also the skills needed to manage their daily financial daily challenges, with emphasis on: working capital management, inventory management, billing policies and payment and internal reporting mechanisms”, says Alina Făniță, CEO, PKF Finconta.

Information about the eligibility criteria for this project can be found on www.ebrd.com/knowhow.

About PKF Finconta

For more than 23 years, PKF Finconta is one of the 10 leading professional services companies in Romania. Since 2006, we are a member of PKF International Limited. PKF International is a leading international business advisory organization. The company grew consistently over the years, forming a Group of four companies: PKF Finconta, PKF Finconta Consultanta, PKF Finconta HR and Finconta Consulting SPRL, members of national professional organizations CECCAR, CAFR, CCFR, and UNPIR. We provide a wide range of business advisory and related specialist services. We have seven core areas of expertise and within these areas, we tailor our services to your business and your needs: audit, corporate finance, tax, bookkeeping and accounting advisory services, transfer pricing, payroll and personnel administration, and insolvency.