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Building Financial Reporting Resilience Through Cloud-Based Collaborative Solutions

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Authors

Conor O’Kelly, FCA, Workiva; Shari Helaine Littan, J.D., CPA, IMA

Pages

18 pages

Key Takeaways

  • The arrival of the COVID-19 coincided with closing the books on 2019 and producing external reports, which brought new attention to technology-based solutions for the final steps of preparing and issuing reports
  • IMA® (Institute of Management Accountants) conducted an online survey of 275 financial statement preparers to evaluate their appetite for technology-based solutions
  • Investment in technology-based solutions can free up experienced and talented members of financial reporting teams by eliminating repetitive spreadsheet building and review by back-and-forth emails

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