Through integrated thinking, Integrated Reporting has the ability to increase reporting confidence. This allows corporations to distinguish itself apart from its competitors by providing exceptional and creative reporting that goes beyond compliance.
According to integrated reporting “A clear communication regarding how an organization’s strategy, governance, performance, and prospects, in the context of its external environment, lead to the generation of value throughout the short, medium, and long term,”
It’s not just about putting up an integrated report; it’s also about a process that leads to value generation over time and related communications about that value creation.
Benefits of Integrated Reporting
- The way your company generates value can be better understood with the help of Integrated Reporting
- Integrated reporting helps organizations gain a better knowledge of their business models and allows them to focus on the correct KPIs.
- Integrated reporting assists businesses in breaking down barriers across departments like as Strategy, Information Technology, Investor Relations, Finance, Sustainability, Corporate Communications, and several others.
Importance of Integrated Reporting
- An integrated report helps in explaining the impact that a company’s operations have on the environment, as well as what the firm is doing to mitigate such impacts.
- Integrated reporting contributes to the company’s overall performance. Businesses are able to identify the components that contribute to their organization’s worth. With this reporting, making decisions and formulating strategies will become much easier.
- With the help of Integrated reporting Companies may use this information to improve communication and engagement with their stakeholders.
Accounts Receivables Management
As the firm’s operations expand, the account receivable-related accounting work that the Singapore company requires becomes the responsibility of a qualified individual.
Collection Services
Every firm relies heavily on cash flow. Getting paid on time is one of the most important aspects of any successful business. Accounts that are past due can take you away from your essential business operations.
Bookkeeping
The Singapore Companies Act mandates that all Singapore-based companies maintain accurate books of accounts. Bookkeeping is essential for day-to-day account maintenance and also for business decision-making and financial management.
