Effective business management requires timely and reliable financial and management information. Banks and investors require prompt presentation of information regarding the company’s financial position. To address these challenges, we offer a range of services for optimizing the reporting processes.

Fast close projects require a complex approach to re-engineering business processes and achieving optimization in different areas of finance and business:

• Optimization of primary document flow;
• Using accruals for documents which cannot be received faster;
• Streamlining of inter-company accounts reconciliation;
• Changes in tax accounting and reporting procedures in order to match the requirements of a fast close;
• Optimization of books close processes, including transformation and consolidation of reporting;
• Development of the internal control system, ensuring consistent quality of the reports when the fast close process is implemented.

The end result is a faster IFRS reporting process.