Driving Enterprise Value and Strengthening Business Capabilities
Essential support functions provided by corporate capabilities to assist business units in growing revenue, reducing costs, and/or reducing business risk.
When you see this checkmark that denotes a service that is required. While all policies, standards, and procedures are required, some services are optional.
Accounting & Tax
Internal Audit and Compliance - Accounting/Tax
Corporate is responsible for planning, preparing, executing, and reviewing internal accounting and tax control mechanisms, policies, and procedures. Business units are required to cooperate fully with these efforts, providing necessary information and implementing recommended control activities.
Service Details >>Tax
Corporate manages the organization's worldwide tax strategy, planning, and compliance. Business units must support these efforts by providing accurate financial data, adhering to transfer pricing guidelines, and cooperating with tax audits and reviews as directed by the corporate tax team.
Service Details >>Corporate Reporting, Consolidations and Compliance
Reporting, Acquisition Due Diligence, Valuations, Onboarding & Divestitures, Consolidations, Annual Audit, Consistency , Budgeting, Strategic Accounting Guidance, SAP Configuration & Support, Statutory Reporting, Financial Reporting, Internal Charges and Allocations, Risk Management, Board Reporting
Service Details >>Accounts Payable
Business units must utilize the corporate Accounts Payable services for all related functions, including invoice processing, vendor payments, tax compliance and reporting, and other specified AP activities. [This requirement excludes non-wholly owned BU's]
Service Details >>Banking & Cash Management
US & International Bank Account Management
Seamless management of domestic and international accounts for optimized transactions.
* FATCA & KYC Compliance Management: Diligent management of compliance requirements, ensuring adherence to regulatory standards.
* Cash Management Standards: Adherence to rigorous standards to optimize liquidity and mitigate risks.
* Account Signatories Management: Oversight of authorized signatories, ensuring accountability and security.
Financing & Debt Management
Our debt management services are required to guide subsidiaries through securing new loans, renegotiating existing debt terms, and coordinating multiple financing sources. This proactive approach mitigates interest rate fluctuations and optimizes financial health.
* Performance Bonds, Letters of Credit, and Bank Guarantees: Facilitation of these financial instruments is required to support contractual obligations.
Credit Cards & PCI Compliance
The PCI Compliance and Reporting service is a mandatory, cross-functional service supported by Finance and Corporate IT Governance, Risk, and Compliance (GRC). This service is essential for all business units to ensure organization-wide adherence to Payment Card Industry Data Security Standards (PCI DSS). It is responsible for aggregating and managing formal attestations of compliance from each business unit, compiling comprehensive annual compliance reports, and collaborating with units during their annual PCI DSS assessments to ensure consistency and thoroughness. The service provides ongoing education about new PCI DSS requirements and updates, disseminating critical information to all business units. It also establishes and maintains standardized compliance processes and documentation across the organization. In the event of a PCI audit, this service coordinates responses and provides necessary documentation. Compliance with this service is mandatory, and any deviations or local practices must be reviewed and approved to ensure they meet PCI DSS requirements and organizational standards.
Service Details >>Bid Package for EIS Support (International)
Researching and gathering specific documents and information to compile for EIS Bid-usually internationally, notarizing and apostiling documents, obtaining signatures required, Financial Stability packages,
Service Details >>Treasury Services (FX)
Our finance team provides required solutions for managing currency exposure and mitigating associated risks in a dynamic global market, including strategic hedging and proactive risk management.
Service Details >>Corporate Reporting & Compliance
Corporate Secretary & Corporate Governance Services
Business units must utilize our services for managing corporate records, filings, and entity-related matters. This includes maintaining minute books, filing annual reports, and handling entity formations/dissolutions.
Service Details >>Compliance Oversight & Consultation for Required Areas
It is essential to consult with our team for guidance on critical areas such as bribery, corruption, cyber incidents, privacy, and record retention to ensure compliance and protect our business.
Service Details >>Practice Areas
Acquisition/Divestiture Support
When engaging in business acquisitions or divestitures, business units are required to involve our legal services for advice, structuring, and documentation.
Service Details >>Litigation/Government Investigation Management
All litigation and government investigations must be overseen by our team to safeguard our interests and ensure effective resolution.
Service Details >>Contract Drafting and review for enterprise level contracts and working agreements for key employees
For enterprise-level contracts and key employee agreements, it is mandatory to have them drafted and reviewed by our department to ensure they meet our standards and protect our interests.
Service Details >>Intellectual Property
Business units must engage with us to manage all intellectual property matters to protect and leverage our innovations and brand assets.
Service Details >>Breach Management & Remediation
Business units must engage our cross-functional team for managing cybersecurity incidents. This service combines Technology & Information Security expertise with Legal oversight to provide unified vigilance, tailored response options, and external component management. It's required for immediate breach response, forensic investigations, threat actor negotiations, and post-incident remediation to ensure organizational resilience and asset protection.
Service Details >>Benefits Management
Benefits Management
All business units are required to utilize our centralized Benefits Management service for comprehensive team member benefits administration. This service manages all aspects of employee benefits, including health insurance, profit sharing, retirement plans, and other supplementary benefits. The Benefits Management service facilitates direct interaction between our benefit partners and team members, ensuring seamless administration and support. Business units must comply with this service for all benefit-related activities, maintaining consistent benefit administration, accurate record-keeping, and regulatory compliance across the organization. Any local benefit practices must be reviewed and approved by corporate to ensure uniformity and adherence to company-wide standards.
Service Details >>Profit Sharing and Trust (PST) Management
We manage all aspects of our Profit Sharing and Trust (PST) program. From system maintenance and compliance to participant communications and financial operations, we ensure our PST runs smoothly, complies with regulations, and delivers value to our employees across all operating companies.
Service Details >>Workforce Management
Compensation and Classification
Business units are required to consult with Corporate HR to develop market-competitive compensation packages and ensure compliance with federal and state requirements on classifying team members.
Service Details >>Worker's Compensation
Business units must focus on swift response to and effective outcomes of workplace injuries, consulting Corporate HR while meeting both team member well-being commitments and state regulations.
Service Details >>Workforce Platform Management (SuccessFactors)
Following the re-implementation of SuccessFactors, all business units are required to fully utilize and integrate with this platform for all Hire to Retire information as the system or record. This includes, but is not limited to, recruitment, onboarding, performance management, learning for core compliance training, compensation, and offboarding processes. Compliance with this requirement ensures data consistency, streamlined processes, and accurate reporting across all organizations.
Service Details >>Workforce & Compliance Management
All business units are required to fully utilize and integrate with this platform for all compliance-related activities. This includes employment verification, RIF activities, acquisition and divestiture processes, position and compensation consulting, and auditing. Compliance with this requirement ensures data consistency, streamlined processes, and accurate reporting across the organization. All local practices must be reviewed and approved by corporate to ensure consistency and compliance.
Service Details >>Payroll & Time Reporting
Corporate owns and operates centralized Payroll Services, which are cross-functional between Accounting and HR, utilizing the core platform SuccessFactors. Business units must support this service by providing accurate and timely payroll data, ensuring employees submit tax withholding forms, adhering to reporting and approval processes, and complying with federal, state, and local tax requirements. Business units must notify corporate of any operational changes affecting payroll. All local practices must be reviewed and approved by corporate to ensure consistency and compliance across the organization
Service Details >>Confidential Reporting Line (Hotline)
Business units must provide team members with an avenue to anonymously report fraud and other serious matters to management
Service Details >>Cybersecurity
IT Governance, Risk & Compliance
Business units must utilize our IT Compliance services to set policies, establish controls, and measure compliance with relevant cyber and regulatory requirements (e.g., PCI DSS, NIST, ISO). This service encompasses IT Auditing, Business Continuity Planning & Management, and Data Privacy & Security, ensuring risks are identified, assessed, monitored, and managed across all organizational levels, including third-party risk and security requirements. The service includes regular IT audits, development and testing of business continuity plans, and implementation of data protection measures. Business units may develop their own versions of these policies and procedures, provided they meet or exceed corporate standards and receive approval.
Service Details >>Cyber Security & Incident Response
Business units are required to follow our cybersecurity policies and procedures to recognize and respond to existing and emerging threats. This service includes cybersecurity monitoring and security incident response to ensure appropriate defense and response to incidents. While corporate policies provide the framework, business units may adapt these to their specific needs, subject to review and approval by the corporate Cybersecurity team.
Service Details >>Breach Management & Remediation
Business units must engage our cross-functional team for managing cybersecurity incidents. This service combines Technology & Information Security expertise with Legal oversight to provide unified vigilance, tailored response options, and external component management. It's required for immediate breach response, forensic investigations, threat actor negotiations, and post-incident remediation to ensure organizational resilience and asset protection.
Service Details >>Business Continuity Planning & Management
Business units must utilize our IT Compliance services to set policies, establish controls, and measure compliance with relevant cyber and regulatory requirements (e.g., PCI DSS, NIST, ISO). This service encompasses IT Auditing, Business Continuity Planning & Management, and Data Privacy & Security, ensuring risks are identified, assessed, monitored, and managed across all organizational levels, including third-party risk and security requirements. The service includes regular IT audits, development and testing of business continuity plans, and implementation of data protection measures. Business units may develop their own versions of these policies and procedures, provided they meet or exceed corporate standards and receive approval.
Service Details >>IT Auditing
Business units must utilize our IT Compliance services to set policies, establish controls, and measure compliance with relevant cyber and regulatory requirements (e.g., PCI DSS, NIST, ISO). This service encompasses IT Auditing, Business Continuity Planning & Management, and Data Privacy & Security, ensuring risks are identified, assessed, monitored, and managed across all organizational levels, including third-party risk and security requirements. The service includes regular IT audits, development and testing of business continuity plans, and implementation of data protection measures. Business units may develop their own versions of these policies and procedures, provided they meet or exceed corporate standards and receive approval.
Service Details >>Data Privacy & Security
Business units must utilize our IT Compliance services to set policies, establish controls, and measure compliance with relevant cyber and regulatory requirements (e.g., PCI DSS, NIST, ISO). This service encompasses IT Auditing, Business Continuity Planning & Management, and Data Privacy & Security, ensuring risks are identified, assessed, monitored, and managed across all organizational levels, including third-party risk and security requirements. The service includes regular IT audits, development and testing of business continuity plans, and implementation of data protection measures. Business units may develop their own versions of these policies and procedures, provided they meet or exceed corporate standards and receive approval.
Service Details >>Technology
Managed Microsoft 365
Microsoft 365 streamlines your IT landscape, offering collaborative software solutions that enable effective remote teamwork and document sharing. Within the suite, discover a robust communication hub covering electronic mail, calendaring, messaging, social communities, audio/video conferencing, and VoIP, facilitating seamless interactions with stakeholders. Leverage advanced messaging tools for practical features like file transfer, sync and share, embedded images, hyperlinks, and video chat. Additionally, Microsoft 365's end-user applications empower content creation and distribution, spanning documents, presentations, spreadsheets, project management, databases, web design, graphics, audio/video editing, and CD/DVD recording functionalities, optimizing your IT investments.
Service Details >>Stories of Success
Diversified Ocean Freight Supply Chain Strategy
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