Case Study Nº 2 | Sector: TECHNOLOGY
A renowned manufacturer in the technology domain, celebrated for its innovative widget production and significant market footprint.
With rapid growth came intricate challenges for our client. Their accounting department, once efficient, now grappled with the burgeoning workload. Concerns about the accuracy of their financial statements began to surface, casting shadows on their otherwise stellar reputation.
GTAG embarked on a comprehensive assessment of the company’s accounting systems and procedures. Our analysis spotlighted several areas ripe for improvement. A glaring issue was their outdated revenue recognition policy, which misaligned with current accounting standards, leading to discrepancies in their financial statements. We introduced a compliant revenue recognition policy and streamlined procedures for accurate revenue tracking and reporting. Additionally, recognizing the patchwork nature of their existing ERP system, we spearheaded the integration of a modern ERP solution, enhancing monthly reporting speed and data accuracy.
Our interventions transformed the company’s accounting landscape. With accurate, reliable financial statements and a state-of-the-art ERP system, they not only met but exceeded industry standards and regulations.