A multinational company was about to go public through a SPAC merger. But, with three months remaining until the deadline and operating on antiquated accounting systems, the challenges were daunting. The company had to prepare audited consolidated financial statements from operations across 15 countries and 12 foreign currencies, account for complex financial instruments, and update to current IFRS standards.
By partnering with KPMG, the company found solutions. Using its proprietary technologies, KPMG quickly helped aggregate disparate data, produced financial statements ready for public markets, and successfully assisted the company on completion of the deal on schedule.
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