Implementation of Accounting (Financial Information and Reporting) Systems

 

 

A financial information system is a critical component of a company's decision-making process for its management and investors. It includes all processes, databases and programs that allow an organization to record transactions and report operating data. The most common components of a financial information system are general ledgers, financial reporting databases and budgeting databases. Companies with multiple operations in various countries usually adapt these components to local conditions.

 

We can assist our clients with improving the effectiveness of their current financial reporting processes and implementing new systems to suit their needs to effectively manage their business. We can assist in:

  • Reviewing and improving the current processes

  • Identifying cost-effective reporting systems based on the current business needs

  • Providing support in implementing new systems

  • Ensuring accuracy in the flow of information between systems

  • Developing and implementing controls over the input and output of information