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.

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.

This white paper looks at: 

• The evolution of the cloud
• Accounting in the digital age
• Benefits of the cloud 
• How cloud technology is streamlining financial disclosures