Financial control and risk management are central to effectively manage a financial institution. They contribute to the institution’s ability to safeguard its assets, deploy its resources efficiently, and produce accurate & reliable financial information.
Tougher expectations by regulators and other stakeholders now mean that financial institutions need to demonstrate better discipline, control and responsibility. Failure to keep on top of and comply with regulations could jeopardize reputations, and at times, the very viability of businesses.
Solutions from StraitsBridge
At 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 areas of expertise include
- General Ledger management
- Chart of accounts
- Controls optimization
- Accounting & control policies
- Expense management
- Payments processing
- Intercompany accounting
- Regulatory compliance and reporting
- Financial close
- External reporting