CFO Advisory in Luxembourg: Common Challenges, Real Solutions
At Financial Services Luxembourg, we work closely with CFOs, finance teams, and executive boards across industries to help them tackle both strategic and operational finance challenges.
Our clients, from real estate groups and fund managers to international holding structures , often come to us when the pressure is high, the stakes are real, and decisions can’t wait.
Here’s a look at the most frequent situations where we step in and how we bring clarity, structure, and value from day one.
1. “We need to set up a proper consolidation process, but we don’t know where to start.”
Our role:
We help companies define the consolidation perimeter, build or refine their group accounting policies, and set up a robust consolidation framework that can scale with the business. Whether under LuxGAAP or IFRS, we ensure your data is reliable, auditable, and aligned with the group's structure and reporting objectives.Our approach:
We often start by reviewing internal procedures and reporting flows. We then assist with manual drafting, training of internal teams, and can fully or partially outsource the production of consolidated financial statements.
2. “We’re transitioning to IFRS. Can you guide us through it?”
Our role:
IFRS conversion is more than a technical exercise — it impacts systems, KPIs, disclosures, and often investor communications. We assist with the restatement of opening balances, identification of key IFRS differences, and provide practical tools for managing the transition smoothly and efficiently.Our approach:
We typically deliver a tailored IFRS roadmap, perform simulations and impact assessments, and work side by side with your auditors to ensure a compliant and audit-ready transition.
3. “We’re growing fast — our financial reporting can’t keep up.”
Our role:
Rapid growth often reveals weaknesses in financial processes. We help CFOs reshape their reporting frameworks, implement internal controls, and prepare scalable models for budgeting, forecasting, and performance tracking.Our approach:
From interim CFO support to hands-on reporting clean-up, we bring operational relief with clear dashboards, pragmatic KPIs, and stronger closing procedures.
4. “We need better visibility and control over our cash and forecasts.”
Our role:
In groups with multiple entities, currencies, and bank accounts, cash flow forecasting can become a blind spot. We help finance teams build dynamic tools to track liquidity, identify trends, and model different scenarios — improving both short-term visibility and long-term planning.Our approach:
We design custom cash flow models, advise on treasury centralization where relevant, and bring methodology to what is often a spreadsheet jungle.
5. “Our auditors are asking a lot we need help preparing.”
Our role:
Pre-audit and audit support is one of our most requested services. We help prepare audit files, ensure reconciliation of complex balances, assist with the drafting of disclosures, and act as your interface with external auditors.Our approach:
We provide peace of mind through thorough documentation, technical explanations, and full availability during the audit period. Our goal is simple: make the audit smoother and faster.
6. “We don’t have a full-time CFO, can you step in temporarily?”
Our role:
We regularly provide interim CFO support or act as trusted advisors to boards and family offices during key transitions. Whether it’s a temporary vacancy, an acquisition, or internal restructuring, we bring leadership, structure, and communication across stakeholders.Our approach:
We adapt fast, integrate into your teams, and deliver with accountability. Our focus is always on delivering quick wins while setting up long-term stability.
Why CFOs Choose Financial Services Luxembourg
✔️ Deep knowledge of Luxembourg standards, regulatory expectations, and sector-specific requirements
✔️ Strong expertise in LuxGAAP, IFRS, and consolidated reporting
✔️ Flexible support, from one-off projects to long-term partnerships
✔️ A solution-oriented mindset, we speak your language and deliver what matters