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Financial administration
An accurate financial administration provides you with the information you need to take the right decisions. The big advantage of a digital financial administration is that it provides insight into your most important financial processes at any time, whether this is the invoices, salary payments or bank changes.
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Financial insight
You want to take the right decisions, based on trustworthy and clear management information. You want to have access to all your financial data, 24/7, in order to determine your position and be able to adjust where necessary.
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Global compliance partnering
Outsourced compliance services comprises the total financial compliance of your business, in accounting, financial reporting, payroll, legal and various tax reporting obligations. We can make sure you don’t have to worry.
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Impact House by Grant Thornton
Building sustainability and social impact. That sounds good. But how do you go about it in the complex world of stakeholders, regulations and frameworks and changing demands from clients and society? How do you deal with important issues such as climate change and biodiversity loss?
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Business risk services
Minimize risk, maximize predictability, and execution Good insights help you look further ahead and adapt faster. Whether you require outsourced or co-procured internal audit services and expertise to address a specific technology, cyber or regulatory challenge, we provide a turnkey and reliable solution.
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Corporate finance
Finding a suitable match at the most optimum terms. That, in a nutshell, aptly describes the objective of mergers and acquisitions. To most businesses mergers or acquisitions are not standard daily practice. It is, however, for the professionals at Grant Thornton! Seeking their services will add value instantly.
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Cyber risk services
What should I be doing first if my data has been kidnapped? Have I taken the right precautions for protecting my data or am I putting too much effort into just one of the risks? And how do I quickly detect intruders on my network? Good questions! We help you to answer these questions.
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Transaction services
What will the net proceeds be after the sale? How do I optimise the selling price of my business or the price of one of my business activities? How do I capitalise on synergies following an acquisition? Am I not offering too much? These are all good questions when you’re buying or selling a business. It’s a transaction that concerns significant amounts, impacts your future, and therefore must be executed properly. We provide a solid foundation for your decisions.
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Valuation, investigation & dispute services
Do you require a fact finding investigation to help assess irregularities? Is it necessary to ascertain facts for litigation purposes?
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Auditing of annual accounts
You are answerable to others, such as shareholders and other stakeholders, with regard to your financial affairs. Financial information must therefore be reliable. What is more, you want to know how far you are progressing towards achieving your goals and what risks may apply.
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IFRS services
Financial reporting in accordance with IFRS is a complex matter. Nowadays, an increasing number of international companies are becoming aware of the rules. But how do you apply them in practice?
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ISAE & SOC Reporting
Our ISAE & SOC Reporting services provide independent and objective reports on the design, implementation and operational effectiveness of controls at service organizations.
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Pre-audit services
Pre-audit services is all about making the company’s entire financial administration ready for checking before the external accountant begins his/her audit of the annual accounts.
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SOx law implementation
The SOx legislation dictates that management is structurally accountable for reporting on the internal control relevant to the financial statements.
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International corporate tax
The Netherlands’ tax regime is highly dynamic. Rules and the administrative courts raise new challenges in fiscal considerations on a nearly daily basis, both nationally and internationally.
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VAT advice
VAT is an exceptionally thorny issue, especially in major national and international activities. Filing cross-border returns, registering or making payments requires specialised knowledge. It is crucial to keep that knowledge up-to-date in order to respond to the dynamics of national and international legislation and regulation.
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Customs
Importing/exporting goods to or from the European Union involves navigating complicated customs formalities. Failure to comply with these requirements usually results in delays. In addition, an excessively high rate of taxation or customs valuation for imports can cost you money.
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Human Capital Services
Do your employees determine the success and growth of your organisation? And are you in need of specialists which you can ask your Human Resources (HR) related questions? Human Resources (HR) related questions? Our HR specialists will assist you in the areas of personnel and payroll administration, labour law and taxation relating to your personnel. We provide you with high-quality personnel and payroll administration, good HR guidance and the right (international) advice as standard. All this, of course, with a focus on the human dimension.
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Innovation & grants
Anyone who runs their own business sets themselves apart from the rest. Anyone who dares stick their neck out distinguishes themselves even more. That can be rather lucrative.
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Tax technology
Driven by tax technology, we help you with your (most important) tax risks. Identify and manage your risks and become in control!
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Transfer pricing
The increased attention for transfer pricing places greater demands on the internal organisation and on reporting.
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Sustainable tax
In this rapidly changing world, it is increasingly important to consider environmental impact (in accordance with ESG), instead of limiting considerations to financial incentives. Multinational companies should review and potentially reconsider their tax strategy due to the constantly evolving social standards
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Pillar Two
On 1 January 2024 the European Union will introduce a new tax law named “Pillar Two”. These new regulations will be applicable to groups with a turnover of more than EUR 750 million.
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Cryptocurrency and digital assets
In the past decade, the utilization of blockchain and its adoption of a distributed ledger have proven their capacity to revolutionize the financial sector, inspiring numerous initiatives from businesses and entrepreneurs.
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Streamlined Global Compliance
Large corporations with a presence in multiple jurisdictions face a number of compliance challenges. Not least of these are the varied and complex reporting and compliance requirements imposed by different countries. To overcome these challenges, Grant Thornton provides a solution to streamline the global compliance process by centralizing the delivery approach.
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Expand into new markets
Do you seek for opportunities in the global business arena? Whether you are about to open a new office in a foreign country or considering an international acquisition, you need certainty of making the right choices for your company. Global expansion isn’t always as simple as it sounds. The good thing is that we’re here to help!
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Expanding your business in the Netherlands
International expansion is an important step. The Netherlands can be your gateway to Europe for doing business abroad. But why you should choose the Netherlands?
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Global contacts
Wherever you choose to do business, you want access to people with the best ideas and critical thinking that will enable you to grow your business at home and abroad.
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Corporate Law
From the general terms and conditions to the legal strategy, these matters need to be watertight. This provides assurance, and therefore peace of mind and room for growth. We will be pro-active and pragmatic in thinking along with you. We always like to look ahead and go the extra mile.
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Employment Law
Small company or large multinational: in any company your people are of the utmost importance for your business. Employment brings with it many issues in many areas and often has legal consequences. For big strategic, but also for more everyday questions about employment law, our lawyers are ready to help you out. Also for questions about international employment law. Do you have your own HR department? We’ll gladly assist them. We deliver bespoke services and are there when you need us.
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Sustainable legal
Sustainability is more than a buzzword - it is the core of our legal advice towards sustainable success. From drafting sustainable contracts, integrating sustainable HR policies and ESG due diligence within our M&A practice to advising on ESG and other (national and international) legislation: we prefer to be pragmatic and proactive in helping your business.
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Maritime sector
How can you continue to be a global leader? The Netherlands depends on innovation. It is our high-quality knowledge which leads the maritime sector to be of world class.
When is an impact measurement good enough?
The determination of the scope and thoroughness of an impact study involves one important question when is it good enough? Organisations regularly ignore this question and are keen to ‘measure everything as comprehensively as possible’. The result: unnecessarily complex impact measurements that take a lot of time and often do not lead to useful insights.
It depends on several factors if impact measurements will be good enough. The most important ones are the following:
- What is the purpose of the impact measurement?
Is the main goal that you want to learn and be able to make adjustments to your project or program?
If so, then don't turn it into an exact science. Determine for yourself when you have enough ‘sense’ of the impact made and what does and does not work.
Do you have to report to a funder or client?
Talk to them about their expectations. When is it good enough for them?
Do you want to prove your impact and make big claims about it?
In that case, robust and more scientific research will be needed. Three interviews may sometimes be enough to learn from, but are probably not enough to convince others and definitely will not offer solid proof.
- What is the scope of the initiative that is being researched?
The scope of an impact measurement must be proportional to what you are researching. It would be a waste to develop a large-scale impact study for a two-month project with fifteen participants. In that case, keep it small, practical and simple. On the other hand, in a large and multi-annual programme, it is a missed opportunity if there is no continuous impact monitoring appropriate. There is a lot to learn, after all.
- What knowledge, resources and capacity are available?
Be realistic about what is feasible and how high you can and want to set the bar. Organisations with years of experience with impact measurement and with capacity to carry this out, obviously may set the bar a lot higher. If your organisation is new to this, consider it to be a process of growth and accept that you start small. Of course, always ensure that you are transparent about what the results of an impact measurement do and do not indicate.
Collecting data for impact measurement
Collecting data is an indispensable part of every impact measurement. Often, you collect this data from the people or organisations you want to impact. This step, in particular, may feel like a considerable undertaking. And that's true: for large impact studies, data collection takes (a lot of) time. Yet, here too, the principle applies: don't make it unnecessarily large or complex.
Additionally, start with the data you already have. This is often more than you initially think, for example: records of programme participation, feedback forms, online reviews or even informal conversations with participants in a project or the visitors of your activity. In short: in the course of your activities, you have often already collected a lot of data. So, make good use of this data and turn it into useful impact information! Here’s how:
- Give structure to the data
Data in itself says very little. You still have to structure it to prevent it from remaining 'just snippets' of information. For example, consider informal conversations you have with participants in a project. These provide interesting insights but have little value if you do not record the results properly.
So, structuring data means in this respect: recording it in a way that allows you to do something with it. You apply structure directly if you collect the data in a structured way. For example, schedule a conversation with three participants after each meeting, instead of having ad hoc conversations.
- Give meaning to the data
Structured data becomes truly valuable when you give it meaning. This is human work and cannot be done by an analysis program (or ChatGPT). It’s all about asking: what does this actually tell us, and what do we think about it? Compare the collected data with the goals you set at the beginning of a program.
What conclusions can you draw? What effects have been realised and which have not yet been achieved? Is this surprising or did we expect it? And what can we then do with these insights? What are you going to do differently? What follow-up questions do you have? Giving meaning to the data means above all: asking (yourself) many questions and reflecting critically.
- Ensure transparency about the impact measurement
Finally, and perhaps this is self-evident, the importance of transparency about the quality and nature of the impact measurement. Share how you collected and analysed the data as well as how it resulted in certain conclusions. Also, share the limitations of the research. This openness builds trust and provides an opportunity for feedback and dialogue. This also means that you should make things appear larger or more important than they are. Three interviews may be very valuable, yet they do not provide the basis for large claims about the realised impact.
Getting started with your impact study
- Start small
You don't have to measure everything at once. Start with one project, programme or activity and then expand. Think of it as a process of growth. - Use existing data
Most likely, you are measuring more than you think. Think carefully about what data you (unconsciously) already collect without referring to this as ‘impact data’. Use this data as a starting point. - Learn from others
Consider the way in which similar organisations or initiatives measure their impact and learn from their experiences. A huge amount is already happening. It's a shame to reinvent the wheel. - Get Started
Don't fall into the trap of 'wantingto think it all through perfectly first'. Practical impact measurement means above all: getting started, learning from the things that work and that do not work and taking it from there.
Would you like more information about impact measurement?
Please contact one of our experts. They are here to help.