How cloud accounting is benefitting the finance industry

The world of finance has seen a drastic shift in its day-to-day running since the pandemic struck in 2020. Forcing many employees to work remotely, COVID-19 has accelerated the digitalisation of the financial services sector and its transition to the cloud.

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The shift in the way we work

The new normal has triggered a rethinking of how we work, calling into question the necessity of existing solutions. When working from home, remote technology has enabled accounting and finance employees to work securely, but it has also raised disputes around whether returning to the office is essential or if businesses will continue to rely on the cloud.

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Key takeaways:

The evolution of the cloud

Where cloud technology has got to.

Accounting in the digital age

The changes the industry has encountered and how we can benefit from them.

Benefits of the cloud

What using cloud technology can bring to your organisation.

Simplifying financial disclosures

How cloud technology is streamlining financial disclosures.

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As accountants move towards cloud technology, we have noted that it frees up the accountants time to focus on client management rather than some of the more time consuming, tedious tasks.

Tina Whitington, Pentana Disclose Product Manager and Senior Technical Accountant at Ideagen.

Disclose provides only the relevant disclosure through our unique tailoring logic improving efficiency while still ensuring compliance.