Global Statutory Reporting Automation Trends Report: Multinationals’ Pace in Automating Statutory Reporting
Managing statutory reporting across multiple entities is an extremely delicate task. We wanted to understand how multinationals are coping with the challenge and learn how mature their current processes are. So we asked them.
We surveyed 682 CFOs, controllers, CAOs, finance directors and other finance and tax leaders across the US, UK, France, Netherlands, Nordics and at companies with more than 10 legal entities to understand the current state of play.
Here’s what we learned:
Nearly 60% of companies have no, or barely enough, resources to deliver statutory reports in an efficient and controlled manner
Only 17% of organizations reported having a repeatable process with minimal training and without increased chance of errors
Only 16% of enterprises’ statutory reporting processes are fully automated
Download the paper for more insight into global statutory reporting automation trends, analysis from Deloitte & Touche LLP and practical advice to help ramp up automation within your statutory reporting processes.