Finance and Accounting

The key factors for an efficient accounting in the present market competition are transparency, efficiency, up to date processes and confidence. Business decisions are only as good as the information they are based on. This is the principle our team relies on.
For us confidence is not an empty talk. This is what we challenge in our daily performance. It is based on transparent and open communication with our employees. The employee and teamwork is our focus.

Our working tasks in a few words

Entry processes and account distribution
Our team is in charge of a complete and lawful entry of all vouchers and business transactions.

Financial statements and reporting
The financial statements of RAHN AG and her daughter RADLAB AG are elaborated on a monthly bases as well as a consolidated RAHN group statement, which additionally includes the results of the other daughters RAHN UK, RAHN Germany and RAHN USA. These figures are reported to the management and the board.
The required data is made available promptly and in the expected form.

Cash and foreign exchange management
Our specific attention is focused on cash and foreign exchange management. Purchasing and selling foreign currencies and the foreign exchange hedge is executed in close cooperation with our bank partners.
The cash management is a base for the financial planning, which is prepared by the Controlling.

Accounts receivable / Accounts payable
The precise and in good time payment of our supplier’s outstanding accounts is highly considerated. Our accounts receivable are monitored through an accurate and efficient dunning procedure.

EDP
SAP R/3 is the professional state of the art system we use for our finance and accounting. The system is updated on a regularly basis in order to ensure an efficient, process oriented and economical performance.