Complex financial reporting
Complex financial reporting due to growing complexity of business transactions, and greater investor, regulatory and public scrutiny.
Shortage of qualified staff
Shortage of qualified accounting staff who are needed to achieve greater reliability in the completion of financial reports.
Customer Attrition Rate
Customer Attrition Rate due to poor management in client relationships leads to disgruntled customers and a bad reputation for the company.
Unable to compete against competitors
Unable to compete against competitors as limited products & services are offered which further leads to a decrease in company revenues.
Tight deadlines
Tight deadlines leads to stressful times at work and makes it difficult to manage multiple tasks or project.