The benefits of a centralized model and leveraging cloud-based platforms for the entire legal-entity reporting process

2020 has presented challenges to financial reporting as never encountered before, as global organizations face unexpected, government-mandated shut downs, supply chain disruptions, and cash flow challenges.

What has not changed, however, is the obligation to meet the financial reporting demands of regulators around the world. And most organizations rose to the challenge admirably – particularly those who had already centralized the preparation of their reports and standardized their activities through cloud-based technologies.

The urgent need of the moment? Delivering resiliency. How to deliver as new future of work paradigms loom large on the horizon is the challenge. SSON surveyed the global marketplace in Q3 to find out, particularly in relation to statutory reporting, how new opportunities to drive financial reporting might be grasped in a postpandemic scenario.

Please download the report here.