Although the global economy is undergoing significant transformation as a result of Covid-19, capital keeps moving across borders and investors are still interested in investing. In these uncertain times, investors are particularly keen to maximise the diversification of their investments in order to mitigate the consequences of the financial crisis.

Today’s accountancy is moving towards a robotised future, as we are automating data exchange, data processing, and drafting of documents. It may seem that undertaking such automation requires some complex and expensive automation software, such as UiPath or BluePrism. That is not the case, though, as manual tasks can be automated with available tools without incurring any extra cost, but using those solutions requires at least a basic set of programming skills.

Governments and health supervisory agencies around the world have launched an all-out fight against COVID-19, but more needs to be done. Several countries have quarantined millions of people, and if the situation deteriorates, more countries might follow suit. COVID-19 has become a serious risk for the Latvian economy as well as globally.

Technology plays a huge role in many industries and particularly affects bookkeeping and financial accounting. Specialist digital skills and experience of working with state-of-the-art technological solutions as well as the skill of creating and developing digital tools are key to successful financial accounting and management in your company.