In the past five years, the landscape of General Ledger (GL) outsourcing accounting has undergone a significant transformation. Companies have adopted new digital trends, and the ease of technology has made outsourcing services more accessible than ever before.

The Digital Revolution

A staggering 70% of European Union firms now use advanced digital technologies. Companies have embraced the most advanced Virtual Desktop Infrastructures (VDIs) and utilize Desktop as a Service (DaaS). This technological shift has empowered accountants to discuss and analyze critical decisions from any location, not just their workplace.

The Changing Role of Accountants

Back in 2015, the role of GL Record-to-Report (RTR) outsourcing was limited to booking invoices, accruals, and prepayments during month-end and posting journals in the system. However, the scope has broadened considerably since then. Accountants have become more analytical and are now able to correlate their financial understanding to business requirements.

Major Changes in General Ledger RTR

The major changes in General Ledger RTR are mostly centered around providing financial glitch solutions like clearing of open items, aged debt analysis, making financial reporting analysis, product level and service level analysis reporting, designing control over the financial recording, and deep dive research.

Adrifintech’s Expertise

Adrifintech has high-level expertise in solving complex financial accounting and aged debt analysis. Our accountants possess niche skills that allow them to provide top-tier services. If you’re wondering what’s eating out in your expense schedule, let’s get in touch. We’re here to help.