Tech CFOs weigh recent industry impacts

 

Lessons from a Grant Thornton Insight Exchange

 

Amid the restrictions of COVID-19, the tech industry’s solutions have enabled collaboration and commerce that formed the backbone of society’s response. The industry has also learned some new lessons along the way. In a recent Grant Thornton Insight Exchange, CFOs from technology and telecommunications firms reflected on the effect of the past year’s impacts.


The increased importance of digitization, cloud technology and collaboration for remote work has helped the tech industry maintain comparatively strong revenue. However, most companies have experienced a balance of both struggles and strengths:


The balance of Impacts



During the insight exchange, CFOs highlighted a common ingredient that drove successful efficiency gains in their tax operationsfinance operationssupply chain and other areas: Companies must ensure that they clearly understand and define (or re-define) their processes before designing those processes into streamlined solutions.

 

 

Contacts:

 
 
 
Dewayne Southern

Dewayne Southern is an Audit Services partner in Grant Thornton’s Raleigh office and also leads the Technology Industry Practice in the Carolinas. Southern serves technology, manufacturing, distribution and services clients.

Raleigh, North Carolina

Industries
  • Manufacturing
  • Technology and telecommunications
  • Transportation, logistics, warehousing and distribution
Service Experience
  • Audit
  • Public company audit
  • Private company audit
  • Accounting advisory
  • Employee benefit plan audits
  • International audit
 
 

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