Orients Digit goes live
Supporting companies globally on the way to the fifth industrial revolution.
We live in a new corporate environment under the evolving digital regulatory framework. The Corporate Sustainability Reporting Directive (CSRD) requires the creation of a sustainability report in a digital format alongside IFRS 18 is the first financial standard created with the digital team. The fifth industrial revolution is already here. Industry 5.0 is based on three main elements: focus on people, sustainability, and resilience. It is a new stage of industrialization where people work with advanced technologies, artificial intelligence-driven systems, and robots, to improve corporate processes.
Natalija Zaiceva, Orients general partner and sworn auditor: “We see that current corporate reporting reality brings revolutionary changes in the need for volume, velocity, and quality of information processing. It changes the way we make strategic decisions. Our mission was and remains to ensure compliance and resilience of business processes and align strategy with financial and sustainability short-term and long-term goals. Thus, we are happy to offer international support to companies on their way to Industry 5.0.”
While many are still working on the possibility of combining different systems and integrating artificial intelligence tools, heralds of the fourth industrial revolution, a competitive business must take the next step. Therefore, Orients launches a unique service line under the new Orients Digit brand, backed up by 20+ years of excellence in financial management, audit processes, data analytics, and digital conversion expertise with the best digitalization management solutions available in the market.
Jekaterina Novicka, Orients partner, digitization and ESG data systems: "Demand creates supply. This is how Orients Digit was born. The brand has outgrown the borders of Latvia and has become a separate independent global business service unit outside of our traditional auditing, accounting, financial management, and tax services. Orients Digit works with the corporate efficiency of the processes, big data analytics, digital reporting, and XBRL data analysis with artificial intelligence systems.”
Orients Digit team offers its customers three levels of service:
- Digitization that focuses on data conversion and recording in digital format, incl. XHTML and iXBRL formats as required by European Single Electronic Format (ESEF).
- Digitalization that relates to developing processes and workflows to improve the efficiency of existing systems, incl. digital financial management.
- Digital transformation that integrates IT infrastructure and human expertise to achieve common business development goals in the conditions of Industry 5.0.
Email us at info@orients.lv for more information about Orients Digit services.