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Project context and objectives
Specialised in working-capital financing for SMEs, Defacto is an innovative fintech authorised by the ACPR (France’s Prudential Supervision and Resolution Authority) as a financing institution. It has designed simple, instant and flexible financing solutions.
Automated onboarding and funding-application processes, powered by artificial intelligence, enable companies to obtain Defacto financing in just a few clicks, at competitive rates, with a seamless customer experience.
Our support
For its first financial year following authorisation, Defacto engaged RSM to design a robust methodology that would ensure the timely production of high-quality banking-format financial statements under tight deadlines.
This milestone allowed Defacto to leverage the cross-functional expertise of our teams in consolidation, accounting, tax and prudential matters — core challenges for any regulated institution.
« A real challenge we met together: structuring, securing and improving our processes from the very first financial year ! » Idriss Belloucif, associé RSM
Our solutions
- Deployment of fast-close processes to accelerate and secure quarterly closes.
- Support in preparing regulatory reports (RUBA, COREP, etc.).
- Preparation of standalone and consolidated financial statements in a banking format.
Defacto
«As a high-growth fintech, we were looking for an accounting firm that could support us—with rigor and responsiveness—in maintaining our books and preparing our regulatory reports. RSM’s team has delivered on that need, demonstrating mastery of both the French General Chart of Accounts (PCG) and sector-specific accounting frameworks, across both statutory (standalone) and consolidated financial statements. »
With deep expertise and multidisciplinary teams, RSM supports all stakeholders across the banking sector through recognised experts who specialise in your specific challenges. You benefit from tailored strategic advice and hands-on operational support to help you anticipate and respond to the major shifts transforming your ecosystem.
