In today's global marketplace, the ability to provide management access to financial data—whenever and wherever needed—is crucial to maintaining a competitive edge. However, the IT infrastructure and applications required to provide this delivery level have become increasingly complex and expensive. Plus, today’s ever-increasing reporting requirements—not only statutory, but also management and tax—and the shortage of accounting professionals have made it very difficult for many companies to maintain multidisciplinary finance departments that can cover all these needs. Let’s face it: the Internet is having a huge impact on accounting, and many of its critical functions are being reorganized, outsourced, or redefined by the Web. In fact, many companies are now moving toward a "virtual" accounting function: key responsibilities that once defined what accounting is and does are now being handled seamlessly via the Web. But, to keep pace with these changes, accounting is going to need new systems, new processes, and new measurement tools. But here are a few questions for you: is your company equipped to lead the accounting department on the journey to virtuality? Can you handle the speed, scale, and complexity involved? If you answered is “no”, or “I’m not sure”, then you should seriously consider calling in outside help.
If this is your situation:
- You need to organise of your accounting system to meet your company’s special needs.
- You have to manage the migration of data from your current accounting software.
- You must provide a system of user-training for your in-house staff.
- You need assistance with the day-to-day maintenance of your company’s books and accounts.
- You would like to have temporary assistance during periodic workload peaks.
- You require help in processing large transaction volumes.
- You have need of accounting supervision and help reviewing and correcting accounting records.
- You should put into place management and financial reporting systems that will give you accurate monthly/quarterly reports, statement of cash-flow, etc.
How PwC can help you.
At PricewaterhouseCoopers (PwC) we can offer you the latest accounting applications so that you can have 24/7 on-line access—from anywhere—to all of your financial information. By outsourcing a selection or the full range of your processing activities, our seasoned professionals can increase the efficiency of your accounting processes and free up your people so that they can concentrate their attention where it should be: on your bottom line. Working together, we can not only fine-tune your operations for cost-efficient processing, but we can also ensure that you are fully compliant with accounting and direct and indirect tax requirements, as well as e-government, e-billing and e-filing requirements. Let us show you how.
