Almost 90 percent of finance executives are using advanced technology for financial reporting, according to a new survey from KPMG and Forbes Insights, highlighting the value of such software to the finance and accounting profession.
“Investors are increasingly looking for financial information in real time — they don’t want to wait two or three weeks after the close of a quarter to see your results,” said Sarah Broderick, CFO of VICE Media, in the report. “They can log on to their bank accounts and brokerage accounts and get up-to-date information on a daily basis, and they expect the same from companies they invest in. Technology and the cloud can make this happen. It’s simply a matter of making the right investments to bring your systems up to date.”
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