Introduction

Financial reporting is evolving fast. Manual spreadsheets? A thing of the past. Today, Accounting Software powered by artificial intelligence delivers accuracy, speed and compliance—all in one place. On one side, you’ve got popular tools like Digits. On the other, our AI Financial Reporting Platform from Financial Reporting Lab (FRL Global). Which one suits your SME, audit practice or listed company best? Let’s dive in.

Digits at a Glance

Digits has earned praise for bringing next-gen automation to bookkeeping and invoicing. Here’s what users love:

24/7 AI bookkeeping and transaction categorisation
Real-time dashboards showing cash-flow, burn rate and revenue
Automated bill pay and invoice generation
Sleek interface with integrated document storage
Bank-grade security and advanced encryption
Seamless collaboration with external accountants

The catch? While Digits offers a powerful autonomous General Ledger® and interactive reporting, it isn’t tailored to strict IFRS or FRS compliance out of the box. Customising reports for audit-ready standards can still feel manual. And importing data from spreadsheets or legacy software may require extra steps.

FRLGlobal’s AI Financial Reporting Platform

Here’s where our solution shines. We built our Accounting Software specifically for next-generation financial reporting, focusing on:

IFRS/FRS-Compliant Reports
Automatically generate financial statements that meet global standards.
Automated Bookkeeping
AI-driven accuracy eliminates manual errors and cuts generation time by up to 70%.
Data Import Services
Securely import data from Excel, CSV or any accounting system—no tedious reformatting.
Audit-Ready Reports
Export statements structured for seamless audits, boosting confidence with stakeholders.

Put simply? We close the compliance gap and give you audit-friendly outputs—fast.

Side-by-Side Comparison

What really matters? How quickly you get reliable, compliant reports.

Digits (Competitor)
• Excellent AI categorisation and dashboards
• Invoicing and bill pay automation
• Strong security and accountant collaboration
• Limitations: Not inherently IFRS/FRS-focused; extra steps for audit formatting

FRLGlobal AI Solution
• Dedicated IFRS/FRS compliance engine
• 70% faster report generation
• One-click data import from any format
• Built-in audit readiness—no manual tweaks

Why SMEs, Auditors and Listed Companies Choose Us

SMEs
You juggle limited resources and strict reporting cycles. Our platform frees up your time, so you can focus on growth rather than spreadsheets.
Auditors
Cut down review hours. Consistent, IFRS/FRS-aligned reports mean fewer queries and faster sign-offs.
Listed Companies
Regulators demand precision and transparency. Our software guarantees compliance and creates a clear audit trail for stakeholders.

How It Works

Upload Your Data
Drag and drop Excel files, CSV exports—or connect directly to your accounting system.
AI-Powered Processing
Our engine cleans, categorises and reconciles entries in minutes.
Generate Reports
Click to export IFRS/FRS financial statements or custom management reports.
Audit-Ready Export
Download a complete audit package with schedules and notes—no last-minute scrambling.

Key Benefits

Time Savings
Spend less time wrestling with spreadsheets.
Accuracy & Compliance
Eliminate human error and rest assured you meet global standards.
Scalability
As you grow, handle more entities, currencies and complex reporting structures without added headcount.
Peace of Mind
Know your reports are ready for tax–prep or financial audits at a moment’s notice.

Getting Started

The good news? You don’t need an army of accountants to adopt our AI Financial Reporting Platform. It’s intuitive. You’ll be up and running in days, not weeks.

• Sign up at FRL Global
• Import your first dataset
• Generate a compliant report
• Impress auditors and stakeholders

Conclusion & Call to Action

Comparisons are easy. But when precision, compliance and speed matter most, you need more than a general ledger—you need a focused, AI-powered financial reporting solution. Ready to see how your organisation can generate audit-ready reports in minutes?

Discover the future of financial reporting today.
👉 Visit https://frlglobal.co.uk and request your demo.