From Data Chaos to Clarity: The Case for Cloud-Based Financial Reporting
Modernizing financial reporting for speed and accuracy.
Synopsis
Manual, spreadsheet-driven financial reporting can’t keep up with today’s regulatory complexity, global operations and demand for real-time insight. Finance leaders and accounting firms are under pressure to deliver faster, more accurate and more compliant reporting, without adding risk or burning out their teams.
This eBook explores how cloud-based financial reporting platforms are transforming financial statement preparation, enabling organisations to move from reactive reporting to proactive value creation.
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We explore the move towards the 'data-driven audit' and how data analytics, artificial intelligence and machine learning can come together to automate traditionally manual, labour-intensive tasks.
The sudden move to remote working created huge obstacles for audit firms and the businesses they serve, but that turmoil encouraged auditors to adopt cloud technology. Fast-developing online audit tools are helping auditors meet the challenges of remote working and, in turn, opening the door to new ways of working. This paper takes you through a typical modern audit to illustrate the issues that accounting professionals encounter when undertaking this work.
In this eBook, we take a look at how accounting is evolving to accommodate the latest technology and how it increases the quality of service modern practices can offer clients.
Our eBook will tell you how auditors can assess, respond to, and analyse the risks they encounter during a risk-based audit using specialised data analysis techniques and technologies.
With the pace of business moving faster than ever and client expectations at an all-time high, accounting practices are under pressure to find new operational efficiencies.
