Resources
Marketplace trends
Today's capital markets demand reliable and valid reporting, but the current vehicles of exchange for private company data do not meet this need. Without a way to confirm the source and authenticity of audit reports and financial statements, third-party users that rely on this information for lending and investing decisions cannot feel confident in the information they receive. The occurrence of fraud has only further increased the focus on the accuracy of information.
3 key marketplace trends causing demand:
Demand for authenticated information
Digital transformation of financial services
Compliance for private companies
Learn more about these trends
Addressing the need for a private company clearinghouse
Today's capital markets demand accurate and timely financial information. However, many private businesses continue to rely on outdated and unsecure methods to distribute financial statements and other key documents. This has led to uncertainty about the accuracy, source and validity of financial information, not to mention a greater risk of fraud.
This whitepaper explores the need for a sophisticated clearinghouse to streamline the flow of private company financial documents. It also examines the major trends and market demands impacting private company financial document exchange.
“The number and size and impact ability of regulation of smaller businesses is getting bigger and bigger and bigger. Without having the proper grounded financial information, they won’t be properly covered.”
Rick Richardson
CPA/CITP, CGMA
Managing Partner
Richardson Media and Technologies
