Are you prepared for corporate reporting's perfect storm

Why trusted relationships, innovative technology and world-class talent matter

Heightened complexity and demand remain significant challenges to effective corporate reporting.

Organizations face a reporting environment that is both complex and highly demanding. Organizational complecity - such as the number of systems used for reporting - continues to rise, following a trend we first identified in Connected reporting. Demand for reporting information is also increasing, with companies issuing many more reports. Finance leaders are concerned that these two trendspose significant challenges to the effectiveness of corporate reporting. 

The needs of audit committees and supervisory boards are increasing, and better relationships between finance functions and these key stakeholders are critical.

Organizations need to build strong and trusted relationships with audit committees and boards, understanding their needs and prioritizing focused, high-quality insight over quantity of information. A stong relationship between finance function and board creates more confidence in the data and leads to further requests for insightful information and value-added insights.

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