Insight

Technology’s critical role in capital market transactions

Facing a highly anticipated SPAC merger with strict time limits, a company met complex reporting challenges with innovative technology.

Patricia Alonso de la Fuente

Patricia Alonso de la Fuente

Principal, Accounting Advisory Services, KPMG US

+1 212-954-2111

Tim Pardoel

Tim Pardoel

Director Advisory, Accounting Advisory Services, KPMG US

+1 917-438-3565

Wander Morrobel

Wander Morrobel

Director Advisory, Accounting Advisory Services, KPMG US

+1 973-912-4648

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.

Download the full story to explore how technology can be leveraged to enable fast and seamless capital market transactions.