How Advanced Technology Is Creating New Possibilities, And Requirements, For Financial Reporting And Audit

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Technology continues to change how companies manage their finance function, and most executives are fully aware—and supportive—of tech’s role within their organizations. But precisely what benefits does technology bring today, how will this change in coming years and in what ways will tech influence the next generation of finance professionals?

These questions were at the heart of Forbes Insights’ May-June 2021 survey of 250 senior U.S. finance executives, performed in conjunction with KPMG LLP. The executives represent all major sectors and work at organizations posting at least $1 billion in global revenue for the most recent fiscal year. We also spoke with several leaders at KPMG to lend greater context to the data.

What do executives expect from their technology?

“Companies are constantly looking for greater insights related to their business,” says Heather Paquette, national technology assurance leader, KPMG. “Leveraging smart analytics and artificial intelligence gives them those insights, both to generate business value and make financial decisions.”

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