Financial Affairs and Financial System Configuration

The complexity of transactions in business life, new legal regulations and significant changes envisaged for financial reporting standards put great pressure on finance and financial affairs functions. On the other hand, developments in technology and continuous updating of Information Technologies systems increase the expectations of stakeholders from finance and financial affairs functions in terms of accurate and timely reporting, transparency, effective budgeting and performance management.

When trying to establish a high-quality financial reporting structure, finance and financial functions may encounter the following problems:

- Late provision of information
- Inconsistencies in internal and external reporting
- Increased errors as a result of manual interventions
- Outdated systems and processes
- Lack of transparency

Every year, many companies benefit from financial management and reporting consultancy services to cope with these pressures and to improve their financial processes and make timely and accurate financial reporting. Choosing the right companion on this road is one of the most critical points.