Building Financial Reporting Resilience Through Cloud-Based Collaborative Solutions

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