6NOVEMBER 2019Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerRonald DonovanSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comBrian Thomasbrian@cfotechoutlook.comEditor's NoteContact Us:Phone:510-556-2280 Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com NOVEMBER 04, 2019, Vol - 05,Issue - 13 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberIssac GeorgeCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffIn recent years, financial reports are increasingly becoming longer and more complex, as more detailed accounting is required to keep up with the convoluted structures and operations of today's businesses. Financial companies have been leaning towards technology tools to manage the complexity and produce financial reporting in a more efficient and readable manner.Technology tools provide qualitative characteristics in financial reporting, which include reliability, understandability, comparability, and relevance. It helps to gather appropriate information conveniently and also validate any specific information to verify impartial or misleading content. Modern cognitive tools allow the collection and analysis of data in real-time to streamline the entire process of financial reporting. These tools give analysts better access to reports at a faster rate, enabling them to prepare reports at a brisk pace with little to no error.In any organization, investors are always keen to have access to quantitative data to see the progress of their investments. Modern tools enable them to gain a more insightful and faster analysis in real-time. The tools also empower analysts with forecasting analysis, allowing investors to take a calculative step while investing. Besides, the auditors and regulators are using data analytics to perform audits more efficiently and provide higher quality reporting. On the other hand, policymakers can also gain significantly through these tools. With today's technological advancement, the extraction and processing of data in suitable formats are very convenient that allows them to understand the situation in an uncomplicated manner.In order to improve customer satisfaction and enhance productivity, financial institutions have always been a step ahead in implementing the latest innovation in technology. With the introduction of several path-breaking technologies, many companies are coming up with innovative solutions to enhance the efficiency of financial reporting. In this edition of CFO Tech Outlook, we feature companies that have excelled through innovation in delivering the highest quality of solutions and services to their clients. Let us know your thoughts.Moving toward Streamlined Financial Reporting
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