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For the Managing Partner, CEO of RSM Cyprus, adapting to technical improvements, managing regulatory changes and navigating economic volatility are just a few of the many issues that organisations confront in today's fast-changing environment.
George Themistocleous emphasises that RSM’s international network blends local expertise with global resources, ensuring clients get the most relevant and effective solutions, no matter where they are.
F: What do you consider to be the biggest challenges currently facing RSM Cyprus, and how are you navigating these challenges to ensure the continued success and growth of the firm?.
G.T: At RSM Cyprus, we are navigating several challenges in today's dynamic business environment. One of the biggest hurdles we face is the constant evolution of regulatory and compliance requirements, both locally and internationally. To manage this, we stay ahead by closely monitoring regulatory changes and ensuring our team receives continuous training to maintain the highest standards of compliance.
Another challenge is the rapid advancement of technology. The rise of automation and data analytics in the audit field has the potential to reshape how we deliver services. To adapt, we're investing in cutting-edge tools and upskilling our team to ensure we stay at the forefront of these technological changes.
Talent acquisition and retention are also a growing concern, as competition for skilled professionals intensifies. To address this, we've fostered a culture of professional development and offer competitive growth opportunities within the firm.
Lastly, economic uncertainty and market volatility continue to pose challenges for our clients. We proactively provide strategic guidance to help them navigate these unpredictable times, ensuring that RSM Cyprus remains a trusted partner for their evolving needs. By embracing innovation and prioritising client relationships, we are positioning the firm for continued success and growth.
We proactively provide strategic guidance to help clients navigate these unpredictable times, ensuring RSM Cyprus remains a trusted partner for their evolving needs.
F: Given RSM's commitment to helping clients embrace change and adapt to thrive, what do you believe are the most significant challenges businesses face in today's rapidly evolving environment, and how does RSM support them in overcoming these challenges?
G.T.: Adapting to technical improvements, managing regulatory changes, and navigating economic volatility are just a few of the many issues that organisations confront in today's fast-changing environment.
Businesses must rethink their procedures and invest in new technologies to be competitive, given the speed of digital disruption. At the same time, they must stay compliant with constantly changing regulations, which can be a significant burden.
At RSM, we support businesses by offering strategic guidance tailored to their specific needs. We help our clients embrace technology by advising on the implementation of automation and data analytics to streamline operations and improve decision-making.
Our team also stays on top of regulatory changes, ensuring that clients remain compliant while minimising risks. Furthermore, we provide insights on managing financial uncertainty and developing strategies to navigate economic challenges. By offering proactive, forward-thinking solutions, RSM empowers businesses to adapt, grow, and thrive in an ever-changing landscape.
As RSM operates in various sectors with a focus on the middle market, how does the firm ensure it maintains a client-centric approach that delivers both local insights and global expertise to businesses of all sizes and industries?
Our client-centric approach is at the heart of everything we do, ensuring that we deliver both local insights and global expertise to businesses of all sizes and industries.
While we primarily focus on the middle market, we understand that each client has unique needs, and our approach is tailored to address those specific challenges. Our deep knowledge of the local market allows us to provide businesses with relevant, actionable insights, while our global network of experts ensures that we can offer best-in-class solutions drawn from a wide range of industries and regions.
By leveraging the strength of our international network, we bring a combination of global resources and local expertise, offering clients the best of both worlds. We maintain close relationships with our clients, continuously engaging with them to understand their evolving needs and provide personalised services. This blend of global reach and local relevance enables us to support our clients effectively, helping them grow and succeed in an increasingly interconnected world.
F: RSM offers a wide range of services, from audit and tax to consulting and advisory solutions. How does the firm leverage its integrated global network to provide clients with comprehensive solutions that cater to their specific business needs, especially in today's interconnected world?
G.T.: RSM uses its global network to deliver tailored solutions that meet the unique needs of each client. As the business world becomes more complex and interconnected, businesses face challenges that often span across regions and industries. Our international network blends local expertise with global resources, ensuring clients get the most relevant and effective solutions, no matter where they are.
By working together across borders, we offer a seamless, integrated approach that combines all our services. This means we can provide strategic advice, operational support, and technical expertise across every part of a client's business. Whether they're looking to expand internationally, streamline operations, or manage regulatory challenges, our global reach and local insights help them navigate hurdles and seize new opportunities, setting them up to thrive in a complex and connected marketplace.
Built for What’s Next
We're investing in cutting-edge tools and upskilling our team to ensure we stay at the forefront of technological changes
F: With RSM's focus on delivering senior expertise and insights, how do you ensure that clients, whether small businesses or multinational corporations, receive timely, relevant advice that empowers them to face future challenges with confidence?
G.T.: We believe that every client is equally important, regardless of their size. Whether it's a small local business or a large multinational corporation, we dedicate ourselves to providing the same level of care and attention. We understand that each business faces its own unique challenges and goals, so we focus on offering advice that is not only relevant but truly valuable. Our mission is to help businesses navigate today's complexities with confidence.
Our senior professionals are always directly involved with client engagements, bringing years of experience and real-world insights to the table. We don't offer one-size-fits-all advice—we take the time to understand each client's specific needs and tailor our support accordingly. Whether big or small, every client receives the best possible guidance.
And regardless of size, all our clients have access to a broad range of global resources. By combining local expertise with a vast professional network, we provide solutions that help businesses thrive now and position them for future success. We're committed to being a trusted partner every step of the way.
