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QLICONS Consulting and Service LLC

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Along the years behind we have successfully completed numerous challenging projects and engagements which have contributed to our continuous professional development and improved our skills and expertise which we may call on and employ on future contracts:

  • 2009 - 2009 ADAcast (Liquidation - Hungary)
    • We were commissioned to prepare the intermediary financial statements of a troubled moulding enterprise that could not avoid liquidation.

  • 2008 - 2008 JP Morgan / Aviva Investors (Controls' Review - London, United Kingdom)
    • We were engaged by Riebeeck Associates to complement and strengthen the internal controls team of Aviva Investors in a specialized SOX / SAS 70 related financial controls' review project carried out at the London office of JP Morgan.

  • 2006 - 2008 MART Kft. - Wolseley Hungary (Financial and General Management - Hungary, Switzerland)
    • We were selected as the financial and then general managers for the Hungarian operations of Wolseley plc. The subsidiary had an annual turnover of HUF 12 billion (EUR 50 million), operated from 32 branches countywide with a head-count of 250. Its principal business was serving the professional market with branded building materials, specialising in plumbing and heating and dry lining.
    • Key achievements during our contribution were the rebuilding of an efficient and comprehensive finance function, securing timely and accurate reporting, implementing a best practice credit control system, implementing SAP, outsourcing the delivery function and optimising the operating costs structure with realigned management.

  • 2006 - 2006 Vishay (SOX Test of Controls - Hungary)
    • We were contracted as a support for the foreign corporate internal audit function to deliver local SOX related testing and confirmation of financial controls plus suggestions for possible improvements where necessary at an electronic components manufacturing subsidiary.

  • 2006 - 2006 Hoya Lens (Financial Assistance - Hungary)
    • We were engaged as a temporary special support resource associated with the organisation, carry out, documentation and evaluation of a comprehensive periodical fixed assets count.

  • 2006 - 2006 MATÁV - Hungarian Telecom Corp. (Forensic Review - Hungary)
    • Our engagement included professional support of foreign forensic investigators engaged by White and Case. Responsibilities included professional translation from Hungarian source to English of various business documents (contracts, correspondence, etc.) as well as interpretation in meetings with involved personnel.

  • 2006 - 2006 Ablon (Consolidation - Hungary)
    • We have carried out a specific financial consolidation for this property investment and development company.

  • 2006 - 2006 Carrier Transicold (Interim Financial Management)
    • Our engagement included accounting and financial assistance provided in a time where the financial manager position of the company was temporarily not filled.
    • Tasks completed included revision and correction of the accounting records kept via a double entry bookkeeping system, reconciliations of trade debtors and creditors accounts and subledgers, other receivables and payables, fixed assets, inventories and taxes.

  • 2005 - 2006 Vos Logistics (Interim Financial Management - Hungary, Netherlands)
    • We have assumed responsibility over all reporting, financial, fiscal, accounting, controlling and administrative matters, heading a local team of 8 employees.
    • Our engagement covers the operation, review and development of existing internal controls and procedures as well as the potential change of the management information system.

  • 2005 - 2005 Tyco Electronics (SOX Test of Controls - Hungary)
    • We were trusted to perform the test of controls related to the SOX compliance system, covering the two most important areas of the entity: financial reporting and fixed assets.

  • 2004 - 2005 Trendex Holding (Financial Management - Hungary) 
    • We have assumed full and comprehensive responsibility over all reporting, financial, fiscal, accounting, controlling, IT systems and administrative matters, heading a local team of 16 employees.

  • 2004 - 2004 UnitelCity Computer (Foreign Trade Consulting - Germany, Hungary)
    • We were engaged to identify potential foreign suppliers for certain computer hardware products and lead the negotiations until a distribution agreement is reached.

  • 2003 - 2004 MTM-SBS Television (IT Project Management - Hungary, Netherlands)
    • Our mission was to lead a project that aimed at upgrading the exisiting Access based air time sales system to an SQL based new solution, both developed by a Dutch vendor.

  • 2002 - 2004 CableNet Ltd. (Financial Management - Hungary)
    • We have assumed responsibility over all reporting, financial, fiscal, accounting, controlling and administrative matters of this start-up business, heading a local team of 4 employees and an outsourced accounting and payroll function.
    • Our engagement covered the implementation, operation and development of appropriate internal controls and procedures, reporting templates and procedures as well as the customer care and billing, electronical banking, accounting and payroll systems.

  • 2001 - 2002 Hírek Media and Internet Ltd. (Interim Financial Management - Hungary)
    • We have assumed responsibility over all reporting, financial, fiscal, accounting, controlling and administrative matters of this start-up family business, heading a local team of 2 employees and an outsourced accounting and payroll function.
    • Our engagement covered the implementation, operation and development of appropriate internal controls and procedures, reporting templates and procedures as well as the billing and electronical banking systems.

  • 2001 - 2001 One Mobile GmbH (Business Planning - Austria)
    • As a key member of the corporate finance and strategical advisory team of Arthur D Little our responsibility was the development of a business plan that served as a basis for management decision making and supported the financial, marketing, technical and other relevant assumptions related to the planed implementation of location based services.

  • 2000 - 2001 Kiwwi Communications (Corporate Finance Advisory - Hungary)
    • Our consultant was engaged by Arthur D Little as country spearhead for Hungary by a regional start-up VoIP and free internet provider.
    • Responsibilities covered project tracking, human resources selection and training, systems designs and implementation, facilitation of the technical rollout, obtaining the legal permissions, etc.

  • 1999 - 2000 Vivendi Telecom (SAP Project Management - Hungary)
    • We were trusted to head the Financial Information Systems applied by Vivendi, meaning mainly SAP R/3 and some other related financial solutions.
    • Responsibilities included the re-engineering of the SAP system originally implemented in 1997, then rollout to another 4 group companies, developing a mid term strategy for the further development and operation of SAP within the Vivendi / UTI group

  • 1998 - 1999 Vivendi Telecom (Business Planning - Czech Republic, Hungary)
    • As a key member of the business development team hired by the Vivendi - Mannesmann consortia that was fighting for the third mobile telephony licenses in Hungary and the Czech Republic our main responsibility was the development of the comprehensive business plan, detailing all financial, marketing, HR, technical and fiscal aspects of the business model.

  • 1997 - 1998 Vivendi Telecom (IFRS and Consolidation - Hungary, Netherlands)
    • As an expert of IFRS and consolidation, our consultant was hired to develop adequate internal systems ensuring timely and appropriate financial reports in compliance with IFRS to financial institutions and the Dutch holding company as well as consolidated reports for the whole group. Responsibilities included relationship management with local and group external auditors and advisory to top management on selected accounting, financial, legal and tax related matters.
    • Involved as key user within the first time implementation of SAP R/3 for the entire group, our consultant delivered valuable contribution to set-up the requirements, to realise the systems, test and document the solution and train the end users.
    • Occasionally he got involved in various controlling tasks and deliverables covering revenue, operating costs, capital expenditures as well as financial and treasury aspects.
    • We have developed valuable business combination skills as were directly involved with assuring the legal and accounting framework for mergers and separations.

  • 1993 - 1997 KPMG (Audit - Hungary, Romania)
    • Employed as assistant accountants we were responsible for various aspects of the fieldwork of numerous international financial audits of multinational business operating in the financial services, logistics, manufacturing, media, retail and telecom industries.
    • Responsibilities included planning, executing and reporting on numerous assurance and special purpose engagements, including selection, supervision, coaching, motivation and evaluation of a staff of 3 to 5 members, preparation of financial reports in accordance with US and UK GAAP, IFRS or Hungarian Statutory Rules.
    • Further specific skills developed and applied included: financial consolidation, IT and general business risk audit, review and assessment of contingency and disaster recovery plans, review, assessment and suggestions for improvements on systems of internal control.

Should you require a more detailed reference in respect of any of the above projects and engagements, please do not hesitate to contact us at the email address below or call + 36 (30) 950-9630.

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