CIC Hospitality – Outsourced Accounting and Payroll for International Growth

CIC Hospitality, a hotel operator with headquarters in Oslo and over 190 employees, was pursuing an international growth strategy and opened multiple new hotels in Denmark in 2022. As part of their international expansion, they needed to scale their accounting and payroll operations efficiently without building large internal finance teams in each new market. They needed a partner who could provide relevant competencies for handling bookkeeping, accounting and payroll while allowing them to focus on their core competency of hotel operations.

CIC Hospitality outsourced their accounting, bookkeeping and payroll functions to Accountor. Accountor provided the relevant competencies needed for handling all aspects of bookkeeping, accounting and payroll. The partnership included effective integrated systems that worked well for CIC's operations. Accountor's contact person demonstrated strong understanding of CIC's business, was solution-oriented, responded quickly and efficiently to requests, and met deadlines. This allowed CIC to focus on their core competency of hotel operations while scaling their business internationally.

CIC Hospitality was able to scale their business efficiently by outsourcing accounting and payroll to Accountor. The partnership allowed them to open multiple new hotels in Denmark in 2022 as part of their international growth strategy. The effective integrated systems and responsive support from Accountor made it easy to manage the accounting and payroll functions across multiple locations. CIC plans to use Accountor in all countries where they have activities.