Is Statutory Reporting Tech Delivering?

Key Takeaways

• For organizations with multiple legal entities, global statutory reporting carries a lot of risk as it's difficult to maintain local control and gain global oversight
• Workiva conducted a survey of 682 CFOs, controllers, CAOs, finance directors, and other finance and tax leaders across North America and Europe at companies with 10+ legal entities to understand the current state of play
• One of the surprising statistics: only 17% of respondents said that their statutory reporting process is easily repeatable by others with minimal training and without an increased chance of error