Trends

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Data Analytics & Outsourcing are Building New Age Accounting and Consulting

TREND #1

Companies are more susceptible now to Internal Fraud, Compliance Risk, Cyber Risk and Corporate Governance-Thomson Reuters

 

  • Increasing in Personal Liability
  • Increasing Regulatory Liability
  • Increasing Compliance Budget & Cost
  • Loss of Reputation & Brand Value
  • Rapid Erosion of Shareholders Value

 

 

TREND #2

AI Powered Data Analytics and Outsourcing to ensure next accounting practice & best assurance at competitive cost

Benefits of Outsourcing to Companies

Companies Outsourcing

All Companies

Can focus on core competencies

94%

36%

Increase efficiencies without any invest in people and technology

85%

75%

Lower risk leading to increase in Profitability & Shareholder value

77%

66%

Better service levels and Response Time

63%

48%

Indian Embracing Global Practices in Accounting and Consulting

TREND #1

Companies are struggling with new Regulations & Accounting Standards post 2014.

 

  • Compliance to Key Provisions of Companies Act 2013
  • GST Implementation and Integration with Direct Tax
  • Insolvency and Bankruptcy Code 2016
  • Increasing Report of Accounting Fraud, Tax Violation, Money Siphoning and Irregularities
  • Implementation of IndAs

 

 

TREND #2

CFOs witnessed increased costs of Compliance & Shortage of in-house Talent

 

 

TREND #3

SMEs are under huge pressure, seeking experts help for rebound

 

 

TREND #4

Start-ups and HNIs are looking for Total Solutions

 

 

TREND #5

Top Management and CFO looking for AI/Digital Solutions and Data Analytics for driving performance, Controlling and Investment decisions

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