General Ledger

The GL challenge

Streamlining general ledger operations and standardizing finance processes are essential to enhancing efficiency and freeing up more resources for insight and analysis.

Further, this creates a Finance function that is robust and scalable to support business growth.

Solutions from StraitsBridge

financial control risk managementAt StraitsBridge, we leverage the expertise and experience of consultants through bringing in a process-oriented team along with technology solutions specialists to provide a holistic view of results-producing changes for our clients incorporating the four pillars of organization, people, process, and technology.

We assist our clients through assessing the current-state environment, mapping it to industry-leading practices, conducting a gap analysis, and then determining how the future-state processes can be aligned with the gaps identified.

Our solutions can help CFOs achieve the following

A standardized enterprise-wide chart of an accounts structure with clear descriptions
Clear guidelines, common procedures for intercompany transactions
A timely financial close process

Minimal manual processing of journals

Automated reporting that is easily accessible to the appropriate stakeholders

GAAPs aligned with finance systems flexible to report in different GAAPs, as required

An up-to-date policy and procedures manual

Standardized master data free from redundancies, duplicates

Reduced customization of technology tools to leverage more standard capabilities of the tool, making the system more flexible and more agile for future enhancements and upgrades

Contact us for more information
Email us:
Call us on: +65 6408 0501

Share this

Challenges facing CFOs

CFOs are often unable to attain the desired level of efficiency in their Finance function because of financial and management accounting challenges such as:

Lack of standardization of business processes

Existing organizational structure that doesn’t align with current and future reporting needs

Inconsistencies in the current setup and use of Chart of Accounts

No standard way to achieve balanced reporting by dimensions other than company code

Cumbersome multi-GAAP reporting options

Laborious month-end close and other support activities

Comments are closed.